Global Contactless Elevator
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Contactless Elevator market size was USD 1.81 Billion In 2022 and it is forecasted to reach USD 3.80 Billion By 2030. Contactless Elevator Industry's Compound Annual Growth Rate will be 9.7 % from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Contactless Elevator market size was USD 1.81 Billion In 2022 and it is forecasted to reach USD 3.80 Billion By 2030. Contactless Elevator Industry's Compound Annual Growth Rate will be 9.7 % from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Contactless Elevator Market Sales Revenue | 121212 | 121212 | 121212 | 9.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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Market Split by Technology Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Contactless Elevator Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A contactless elevator referred to as a touchless elevator is a type of elevator that can be operated without physically touching the elevator buttons or panels. It can be equipped with motion sensors that detect the presence of passengers and automatically select their floor based on their destination. These can be controlled using smartphone apps that allow passengers to select their floor and call the elevator without touching any buttons.
Rapid urbanization along with the rising technological advancements in smart buildings is the main driving factor contributing to the growth of the contactless elevator market during the forecast period. Infectious diseases have increased the demand for contactless elevators as concerns over the transmission of the virus via commonly touched surfaces such as elevator buttons. Contactless elevators are an important component of smart buildings, as they can be integrated with other systems to offer a more seamless and efficient user experience. Additionally, the rise in government regulations regarding the requirement of elevators with contactless technology has driven market growth over the forecast period. However, the higher maintenance cost of the contactless elevator can be a significant barrier to the growth of the market in near future. Further, advancements in lift technologies along with the integration of AI and unique sensor technology are expected to create great opportunities for the market during the forecast period.
One of the strongest drivers for the Contactless Elevator Market Industry is the growing need for hygiene and safety protocols in public areas. The COVID-19 pandemic has radically altered consumer behavior, resulting in a greater awareness of cleanliness and the desire to reduce touchpoints in public and shared areas. Contactless elevators, using cutting-edge technologies like cell phone applications, voice control, and movement sensors to function, provide a cleaner and more sanitary alternative to old-school elevator systems.
This consumer trend is also expected to continue even after the pandemic as people focus more on their health and wellness in their everyday interactions with built space. Properties that integrate contactless elevator technology are seen to be more contemporary and attractive, hence adding value to the property in general. Consequently, contactless systems are increasingly being invested in by developers and property owners to improve user experiences and meet changing health regulations, driving growth in the Contactless Elevator Market.
The technological innovation related to IoT and AI also enables the application of extensive safety protocols that can track occupancy levels and make sure that elevators are utilized optimally without compromising the health of users. This intersection of consumer attitude and technology places the contactless elevator industry at the center of the evolving shift in urban infrastructure.
Key Opportunity of Market.
Technological innovation is key to driving the Contactless Elevator Market Industry. Advances in automation, IoT, and AI have revolutionized conventional elevator technology, making it possible to introduce contactless functionality enhancing user comfort and building management effectiveness. Such technological innovations not only make users more comfortable but also maximize energy use and maintenance schedules. With advancements in technology, the use of advanced features is expected to bring in more consumers and increase the popularity of contactless elevators.
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May 2024 – TK Elevator unveiled its new eco-friendly and digitally native elevator platform, EOX, EOX is TK Elevator's new eco-efficient and digitally native elevator platform. It introduces premium specs to the entry level standard and is created to be a natural extension of the way we live and move in the world today – environmentally friendly and always connected.
(Source:https://www.tkelevator.com/global-en/products/innovations/eox/#:~:text=Say%20hello%20to%20EOX,%5B%20X%20%5D%20the%20everyday%20elevator. )
Top Companies Market Share in Contactless Elevator Industry: (In no particular order of Rank)
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As per CMR analysis, North America is expected to dominate the contactless elevator market during the forecast period. The growth of the market is significantly growing in the region due to the rapid deployment of IoT-controlled elevators to reduce the risk of infectious disease transmission and advancement in sensor technologies. In North America, traction elevators are a popular choice for tall buildings due to their high speed and energy efficiency.
The current report Scope analyzes Contactless Elevator Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Contactless Elevator Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Contactless Elevator Industry growth. Contactless Elevator market has been segmented with the help of its Type, Application Technology Type, and others. Contactless Elevator market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The traction elevators segment is a major revenue contributor in terms of elevator type, traction elevators are a type of elevator that is increasingly used in tall buildings, such as skyscrapers. These elevators use cables and a counterweight system to move the elevator car side up direction and down the elevator shaft.
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Market segmentation by Application is another crucial element in understanding the dynamics of the Contactless Elevator industry. Applications refer to the specific uses or end-user industries that drive demand for the Contactless Elevator products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting Contactless Elevator-related solutions most effectively, and where new opportunities are emerging.
Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
Some of the key Application of Contactless Elevator are:
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Based on technology type, the voice assistance segment is growing at the highest CAGR during the forecast period owing to this technology is becoming increasingly popular in commercial buildings and public spaces, particularly in the wake of the COVID-19 pandemic. As voice recognition technology continues to improve and voice assistance elevators are likely to be adapted more widely in the future.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Contactless Elevator Market is witnessing significant growth in the near future.
In 2023, the Hydraulic Elevators segment accounted for noticeable share of global Contactless Elevator Market and is projected to experience significant growth in the near future.
The Commercial segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Huawei, WANGLONG Intelligent Technology and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Hydraulic Elevators, Traction Elevators, Machine-Room-Less (MRL) Elevators, Pneumatic Elevators |
Application | Commercial, Residential, Industrial, Others |
Technology Type | Buttons, Voice Assistance, Mobile Control |
List of Competitors | Huawei, Easpeed, WANGLONG Intelligent Technology, CEDES, Neonode, Warner Electric (Altra Industrial Motion), L&T Technology Services |
This chapter will help you gain GLOBAL Market Analysis of Contactless Elevator. Further deep in this chapter, you will be able to review Global Contactless Elevator Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Contactless Elevator. Further deep in this chapter, you will be able to review North America Contactless Elevator Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Contactless Elevator. Further deep in this chapter, you will be able to review Europe Contactless Elevator Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Contactless Elevator. Further deep in this chapter, you will be able to review Asia Pacific Contactless Elevator Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Contactless Elevator. Further deep in this chapter, you will be able to review South America Contactless Elevator Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Contactless Elevator. Further deep in this chapter, you will be able to review Middle East Contactless Elevator Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Contactless Elevator. Further deep in this chapter, you will be able to review Middle East Contactless Elevator Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Contactless Elevator. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Technology Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Contactless Elevator market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Hydraulic Elevators have a significant impact on Contactless Elevator market? |
What are the key factors affecting the Hydraulic Elevators and Traction Elevators of Contactless Elevator Market? |
What is the CAGR/Growth Rate of Commercial during the forecast period? |
By type, which segment accounted for largest share of the global Contactless Elevator Market? |
Which region is expected to dominate the global Contactless Elevator Market within the forecast period? |