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Global Connected Elevator Market (2021-2026) by Components, Services, End Users, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5410381
  • Report
  • June 2021
  • Region: Global
  • 190 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Bosch Security Systems
  • Eito Global Inc.
  • Kintronics Inc
  • Merchant logo
  • Pepperl+Fuchs SE
  • Schindler Group SE
The Global Connected Elevator Market is estimated to be USD 28.65 Bn in 2021 and is expected to reach USD 55.9 Bn by 2026, growing at a CAGR of 14.3%.



Market Dynamics

The major factors contributing to the rise in the market growth are the increasing urbanization and the rising number of tall buildings that require fast, safe, and energy-efficient elevators. The growing trend of elevators integrated with wireless technology and communication channels, safety solutions, and power-efficient technology has escalated to market growth. However, some factors such as limited implementation due to the substantially high initial investment may affect the market growth. The connected elevator market is expected to showcase the opportunities such as industrial preference towards green technologies, growing smart cities, and smart buildings.
Innovation in technology being bought up by the key players is expected to generate untapped opportunities for the market participants.

Market Segmentation

The Global Connected Elevator Market is segmented further based on Components, Services, End Users, and Geography.

By Components, the market is classified into the Control System, Communication System, And Maintenance System. Amongst all, the Control System segment is estimated to hold the highest market share during the forecast period.

By Services, the market is classified as Maintenance And Repair, Modernization, And New Installation. Amongst the two, the New Installation segment is estimated to hold the highest market share during the forecast period.

By End Users, the market is classified as Commercial Sector, Infrastructure Sector, Institutions Sector, and Residential Sector. Amongst all, the Infrastructure Sector segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. International private equity firms Advent International and Cinven have completed the acquisition of ThyssenKrupp's Elevator Technology business from ThyssenKrupp AG. - 31st July 2020
2. KONE acquired the service and repair business of Detroit Elevator Company. The acquisition expanded KONE’s operations in both Detroit and Grand Rapids, Michigan- 1st June 2021
3. TK Elevator acquires Accurate Elevator, its fifth acquisition in North America in 2021. The company acquired elevator companies in Nashville, Tenn.; Omaha, Neb; Madison, Wisc.; and Winnipeg, Manitoba. - 18th June 2021

Company Profiles

Some of the companies covered in this report are Bosch Security Systems, Canny Elevator Co., Ltd., Delta Elevator, Eito Global Inc, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Connected Elevator Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Connected Elevator Market

What is the estimated value of the Global Connected Elevator Market?

The Global Connected Elevator Market was estimated to be valued at $28650.0 Million in 2021.

What is the growth rate of the Global Connected Elevator Market?

The growth rate of the Global Connected Elevator Market is 14.3%, with an estimated value of $55900.0 Million by 2026.

What is the forecasted size of the Global Connected Elevator Market?

The Global Connected Elevator Market is estimated to be worth $55900.0 Million by 2026.

Who are the key companies in the Global Connected Elevator Market?

Key companies in the Global Connected Elevator Market include Bosch Security Systems, Brivo, Inc., Canny Elevator Co., Ltd., Delta Elevator, Eito Global Inc., Emerald Elevators, Fujitec Co. Ltd., Hitachi Ltd and Hyundai Elevator Company Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bosch Security Systems
  • Eito Global Inc.
  • Kintronics Inc
  • Merchant logo
  • Pepperl+Fuchs SE
  • Schindler Group SE

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Rising Demand for Fast, Safe, and Energy-Efficient Elevators
4.1.2 Growing Acceptance of Wireless Technology and Communication Channels
4.1.3 Increasing Urbanization and Modernization of Old Buildings
4.2 Restraints
4.2.1 High Investment Cost and Maintenance Cost
4.3 Opportunities
4.3.1 Growing Smart Cities and Smart Buildings
4.3.2 Industrial Preference Towards Green Technologies
4.4 Challenges
4.4.1 Interoperability Issues
4.4.2 Upgrading Existing Elevators with Smart Elevator Components
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Connected Elevator Market, By Components
6.1 Introduction
6.2 Control System
6.2.1 Access Control Systems
6.2.1.1 Biometric Access Control Solutions
6.2.1.2 Card-Based Access Control Systems
6.2.1.3 Touch Screen- & Keypad-Based Access Control Systems
6.2.2 Elevator Control System
6.2.3 Security Control System
6.2.3.1 Fire Alarm Systems
6.2.3.2 Intruder Alarm Systems
6.2.3.3 Surveillance Cameras
6.2.3.4 Visitor Management Systems
6.2.4 Sensors
6.3 Communication System
6.4 Maintenance Systems
7 Global Connected Elevator Market, By Services
7.1 Introduction
7.2 Maintenance and Repair
7.3 Modernization
7.4 New Installation
8 Global Connected Elevator Market, By End Users
8.1 Introduction
8.2 Commercial Sector
8.3 Infrastructural Sector
8.4 Residential Sector
9 Global Connected Elevator Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Chile
9.3.4 Colombia
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Netherlands
9.4.7 Sweden
9.4.8 Russia
9.4.9 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Sri Lanka
9.5.9 Thailand
9.5.10 Rest of APAC
9.6 Middle-East and Africa
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 Bosch Security Systems
11.2 Brivo, Inc.
11.3 Canny Elevator Co., Ltd.
11.4 Delta Elevator
11.5 Eito Global Inc.
11.6 Emerald Elevators
11.7 Fujitec Co. Ltd.
11.8 Hitachi Ltd
11.9 Honeywell International, Inc
11.10 Hyundai Elevator Company Ltd.
11.11 International Business Machines Corporation
11.12 KONE Corporation
11.13 Kisi
11.14 Kintronics Inc
11.15 Liftinsight
11.16 Mitsubishi Electric Corporation
11.17 Motion Control Engineering, Inc.
11.18 Orona S.C.
11.19 Otis Elevator Company
11.20 Merchant logo
11.21 Openpath Security Inc.
11.22 Pepperl+Fuchs SE
11.23 Rimrock Corporation
11.24 Robert Bosch GmbH
11.25 Savaria Corporation
11.26 Schindler Group SE
11.27 Seebo Interactive LTD.
11.28 Siemens AG
11.29 Sick AG
11.30 Sigma Elevator Company
11.31 TK Elevator (formerly: Thyssenkrupp Elevator)
11.32 Thames Valley Controls Ltd
11.33 Toshiba Elevators and Building Systems Corporation
11.34 Vantage Elevator Solutions
12 Appendix
12.1 Questionnaire
Note: Product cover images may vary from those shown
  • Bosch Security Systems
  • Brivo, Inc.
  • Canny Elevator Co., Ltd.
  • Delta Elevator
  • Eito Global Inc.
  • Emerald Elevators
  • Fujitec Co. Ltd.
  • Hitachi Ltd
  • Honeywell International, Inc
  • Hyundai Elevator Company Ltd.
  • International Business Machines Corporation
  • KONE Corporation
  • Kisi
  • Kintronics Inc
  • Liftinsight
  • Mitsubishi Electric Corporation
  • Motion Control Engineering, Inc.
  • Orona S.C.
  • Otis Elevator Company
  • Merchant logo
  • Openpath Security Inc.
  • Pepperl+Fuchs SE
  • Rimrock Corporation
  • Robert Bosch GmbH
  • Savaria Corporation
  • Schindler Group SE
  • Seebo Interactive LTD.
  • Siemens AG
  • Sick AG
  • Sigma Elevator Company
  • TK Elevator (formerly: Thyssenkrupp Elevator)
  • Thames Valley Controls Ltd
  • Toshiba Elevators and Building Systems Corporation
  • Vantage Elevator Solutions
Note: Product cover images may vary from those shown

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