In December 2025, Grand View Research, a global authoritative industry research institution, officially released the 2025 Global Machine-Room-Less Elevator Industry Market Report, announcing the 2025 global top 10 countries by machine-room-less elevator market size. According to the report, the total size of the global machine-room-less elevator market reached 7.25 billion US dollars in 2025, a year-on-year increase of 7.8%, the growth rate is significantly higher than that of the traditional machine-room elevator market, accounting for 72% of the global new elevator installation volume. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 4.21 billion US dollars, accounting for 58.1% of the global total, a year-on-year increase of 9.5%, firmly ranking first in the world; 2. Germany, with a market size of 580 million US dollars, accounting for 8.0% of the global total, a year-on-year increase of 5.7%; 3. Japan, with a market size of 450 million US dollars, accounting for 6.2% of the global total, a year-on-year increase of 5.2%; 4. United States, with a market size of 380 million US dollars, accounting for 5.2% of the global total, a year-on-year increase of 4.8%; 5. South Korea, with a market size of 280 million US dollars, accounting for 3.9% of the global total, a year-on-year increase of 6.3%; 6. Italy, with a market size of 220 million US dollars, accounting for 3.0% of the global total, a year-on-year increase of 5.5%; 7. France, with a market size of 190 million US dollars, accounting for 2.6% of the global total, a year-on-year increase of 4.9%; 8. India, with a market size of 170 million US dollars, accounting for 2.3% of the global total, a year-on-year increase of 12.8%, ranking first among the top ten countries in the world in terms of growth rate; 9. Spain, with a market size of 140 million US dollars, accounting for 1.9% of the global total, a year-on-year increase of 5.1%; 10. Australia, with a market size of 120 million US dollars, accounting for 1.7% of the global total, a year-on-year increase of 5.6%. The report also pointed out that machine-room-less elevators have become the mainstream elevator type for global residential buildings, office buildings, and small and medium-sized commercial buildings by virtue of their core advantages of saving building space, energy saving and consumption reduction, and convenient installation. The transformation of old elevators and the installation of elevators in existing residential buildings are the core driving forces for the growth of the machine-room-less elevator market. The global machine-room-less elevator market will still maintain an average annual growth rate of more than 6% in the next 5 years.