In December 2025, Grand View Research, a global authoritative industry research institution, officially released the 2025 Global Observation Elevator Industry Market Report, announcing the 2025 global top 10 countries by observation elevator market size. According to the report, the total size of the global observation elevator market reached 7.7 billion US dollars in 2025, a year-on-year increase of 8.5%, the growth rate is significantly higher than that of the general elevator market. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 3.234 billion US dollars, accounting for 42.0% of the global total, a year-on-year increase of 10.2%, firmly ranking first in the world; 2. United Arab Emirates, with a market size of 847 million US dollars, accounting for 11.0% of the global total, a year-on-year increase of 9.5%; 3. United States, with a market size of 770 million US dollars, accounting for 10.0% of the global total, a year-on-year increase of 7.2%; 4. Saudi Arabia, with a market size of 539 million US dollars, accounting for 7.0% of the global total, a year-on-year increase of 9.3%; 5. Japan, with a market size of 385 million US dollars, accounting for 5.0% of the global total, a year-on-year increase of 6.8%; 6. South Korea, with a market size of 308 million US dollars, accounting for 4.0% of the global total, a year-on-year increase of 7.5%; 7. Singapore, with a market size of 231 million US dollars, accounting for 3.0% of the global total, a year-on-year increase of 7.8%; 8. Malaysia, with a market size of 154 million US dollars, accounting for 2.0% of the global total, a year-on-year increase of 8.7%; 9. Australia, with a market size of 116 million US dollars, accounting for 1.5% of the global total, a year-on-year increase of 7.3%; 10. India, with a market size of 77 million US dollars, accounting for 1.0% 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. The report also pointed out that the continuous growth of the number of global super high-rise buildings, the accelerated development of urban commercial complexes and cultural and tourism projects, and the increasing demand for the construction of high-end hotels and landmark buildings are the core driving forces for the growth of the observation elevator market. Panoramic glass observation elevators, intelligently dispatched observation elevators, ultra-high-speed observation elevators, and energy-saving observation elevators have become the core development direction of the industry. The global observation elevator market will still maintain an average annual growth rate of more than 7% in the next 5 years.