Author: Md Shahbaz Khan, Senior Research Analyst
17 March 2025
According to a new report by UnivDatos, The Global Ropeless Elevator Market is expected to reach USD 445.24 million in 2032, growing at a CAGR of 14.0%.
The emerging demand for ropeless elevators propelled by factors such as sustainable methods of innovative vertical transportation, built in space-efficient manners. With an increase in the height and population density of cities, conventional elevators have proven unsuitable for being space-efficient, energy-efficient, or passenger-efficient. The ropeless elevator implements magnetic levitation (maglev) or linear motor technology that provides for the eradication of cables and pulleys, thereby affording multi-directional travel (horizontal, vertical, and diagonal) throughout the building. This technology is especially important in high-rise buildings and megacities, where maximizing the efficiency of space with less energy consumption is very important.
Increased demand for smart buildings and sustainable architecture has led to ropeless elevator systems in high-rise buildings. Furthermore, IoT and AI technologies are embedded into their systems, which can facilitate functions such as real-time monitoring, predictive maintenance, and energy optimization. The MULTI system by Thyssenkrupp installed in the East Side Tower in Berlin allows for the flexibility of independent operation by multiple cabins in one shaft, thereby enhancing urban mobility through the efficiency of the system while minimizing wait periods.
Ropeless elevator technology is an innovation in elevator technology that is expanding the possibilities of vertical transport through implementation of cables and counterweights. It allows the elevator to move in more than one direction such as the up/down and side to side movement which is very important for the relatively new generation of high-rise constructions. Ropeless elevators provide architectural freedom and result in the elimination of rope-zone, saving more usable floor area in buildings. Technology is particularly beneficial with the mega structures as it enhances a positive impact on energy consumption and demographic flow through buildings maximizing passenger movement at the shortest possible time. For example, ropeless elevator system is being adopted in the transportation area like metro stations, Airports for the smooth operation of peoples at different levels. Moreover, ropeless elevators are indispensable for industrial buildings, for example, for automated warehouses and industrial premises, for which unhampered vertical and horizontal transport increases productivity. Another core area that can be addressed is smart building integration, as ropeless elevators are integrated with the management systems of smart buildings to ensure the lowest level of energy usage as well as provide safety through remote monitoring and predictive maintenance.
The ropeless elevator market is growing rapidly due to the enhancements in linear motor technology and magnetic levitation or maglev systems. Multi-directional elevator solutions implemented with the use of maglev technology do not allow for friction so there is less wear and tear and consequently it requires less maintenance besides allowing for faster and more smooth trips. New generation drive systems based on permanent magnet synchronous motors (PMSM) contribute to an increase in output and reliability due to accurate control of a load. This feature of ropeless elevates implemented with artificial intelligence traffic management systems has the capability to schedule elevators in order to minimize crowding and increase the productivity of high-raised structures. New wireless energy transfer technologies are introduced to enable ropeless elevator operations and therefore eradicate the use of cable power supply systems. New trends in lightweight materials used in the elevator cabins also play a role in energy conservation and sustainability of systems by cutting on the total weight and energy required.
The current market for ropeless elevators is expected to expand manifold in the future due to factors such as rising trends of urbanization, the need for space saving measures for structures and development in technology related to vertical transportation. Maglev and linear motor technology make transportation smoother, faster and more energy efficient while traffic management systems spurred by artificial intelligence makes the operations efficient. With the trend of developing smart buildings, ropeless elevators serve as an indispensable part of sustainable architectural design by adopting IoT technology for predictive maintenance and monitoring. On top of that, further development in the field of digital twin and wireless charging also increases dependability and decrease maintenance expenses. As the investments in infrastructures and technologies for sustainable urban mobility and transportation continue to increase, the need for ropeless elevators will grow to transform the efficiency of vertical transport and define the sustainable cities of the future.
Market Size, Trends, & Forecast by Revenue | 2024−2032.
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by Technology, by Building Height, and by Application.
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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