According to the recent report by QYResearch, the global Ultra-Quiet Elevator Systems market is set to grow from USD 18.65 billion in 2024 to USD 27.68 billion by 2031, registering a compound annual growth rate (CAGR) of 5.8% during the 2025–2031 forecast period. This rapid growth is fueled by urbanization, demand for noise reduction, and technological innovation across residential, commercial, and public infrastructure developments.
Ultra-Quiet Elevator Systems
Key Market Segments
By Type:
Passenger Elevators
Freight Elevators
Home Elevators
Panoramic Elevators
Others
By Application:
Residential Buildings
Commercial Buildings
Industrial Facilities
Public Institutions
Others
Key Players
The top global manufacturers of Ultra-Quiet Elevator Systems include:
Otis Elevator Company
Schindler Group
KONE Corporation
Thyssenkrupp Elevator
Mitsubishi Electric Corporation
Hitachi Elevator
Hyundai Elevator
Toshiba Elevator and Building Systems
Fujitec Co., Ltd.
Orona Group
Stannah Lifts
Wittur Group
TK Elevator
Cibes Lift Group
MP Lifts
Regional Outlook
The Asia-Pacific region continues to dominate the market, driven by high-rise development in countries such as China, India, Japan, and South Korea. Europe and North America are also expected to exhibit steady growth, with increased demand in retrofitting older building infrastructure with low-noise solutions.
Recent Innovations & Company Highlights
KONE Corporation has continued to lead innovation with its UltraRope carbon-fiber hoisting technology, which reduces elevator weight and noise, and supports vertical transportation in skyscrapers reaching 1,000 meters.
Fujitec announced the upcoming launch of its “Ele Glance” system in 2025, designed to deliver quieter operation, enhanced energy efficiency, and seamless integration with smart building management systems.
Thyssenkrupp is pushing boundaries with its MULTI rope-less elevator system, employing linear motor technology to enable multiple elevator cabins within the same shaft, revolutionizing space and noise efficiency in large urban buildings.
Emerging Trends
1. Integration of AI and IoT for Predictive Maintenance and Real-Time Monitoring
The integration of Artificial Intelligence (AI) and Internet of Things (IoT) technologies is revolutionizing elevator system efficiency and reliability. Elevators embedded with sensors and smart modules can now monitor real-time performance, identify maintenance needs, and automatically schedule service before breakdowns occur. According to Market Research Future, the IoT in elevators market was valued at USD 13.81 billion in 2023 and is expected to reach USD 35.10 billion by 2034, at a CAGR of 8.82%.
Thyssenkrupp has partnered with Vodafone Germany to connect over 1 million elevators globally using IoT-enabled SIM cards, drastically reducing unplanned downtimes. Gartner also projects that predictive maintenance will cut operational costs by 10–20% for companies by 2025.
2. Use of TinyML for Contactless Elevator Controls
In response to hygiene concerns and touch-free demand, Tiny Machine Learning (TinyML) is gaining traction in elevator interfaces. A 2024 research paper on arXiv demonstrates TinyML-based contactless elevators that achieve over 83% accuracy in person detection and 80.5% keyword spotting, all with latency under 5 seconds. This innovation supports real-time, low-power, voice-activated, and gesture-based control systems suitable for public environments.
The global contactless elevator market, valued at USD 1.83 billion in 2023, is forecasted to grow significantly as smart building adoption accelerates.
3. Rising Demand for Home Elevators
Driven by aging populations and luxury housing development, the home elevator market is expanding quickly. Arizton forecasts global market growth from USD 7.02 billion in 2022 to USD 10.91 billion by 2028, with a CAGR of 7.62%. In markets such as the U.S., over 60% of homeowners aged 55+ prefer aging in place, often installing elevators to support mobility.
Home elevators are not only improving accessibility but also enhancing property value, reportedly increasing resale prices by 5–10% depending on the building type and location.
4. Investment Shifts due to U.S. Tariff Policy Changes
The potential restructuring of the U.S. tariff framework is prompting manufacturers to reassess global supply chains. A 25% tariff on steel and aluminum imports has raised costs for elevator components. As a result, manufacturers are actively pursuing reshoring strategies, diversifying suppliers, and investing in local production capacity to maintain competitiveness and supply stability.
These trade shifts are influencing both capital allocation strategies and long-term supplier relationships across the elevator industry.
5. Urban Mobility, Sustainability, and the Push for Quiet Systems
Global cities are increasingly emphasizing sustainable and quiet vertical transportation. Ultra-quiet elevator systems, paired with regenerative drives and smart load balancing, can reduce energy consumption by up to 30% while minimizing noise pollution. According to GlobeNewswire, the smart elevator market is projected to reach USD 32.58 billion by 2032, driven by green building initiatives and eco-conscious urban planning.
Such systems are integral to smart city development, improving quality of life by ensuring silent, smooth, and energy-efficient vertical mobility in high-density environments.
Ultra-Quiet Elevator Systems are undergoing a technological revolution, shaped by AI, sustainability, demographic shifts, and geopolitical dynamics. Companies that adapt to these changes and invest in smart, silent, and efficient solutions will be well-positioned to lead the market through 2031.
Related Reports：
Ultra-Quiet Elevator Systems – Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
https://www.qyresearch.com/reports/4737770/ultra-quiet-elevator-systems
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https://www.qyresearch.com/reports/4737750/ultra-quiet-elevator-systems
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https://www.qyresearch.com/reports/4737747/ultra-quiet-elevator-systems
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