On June 18, 2025, the China Elevator Association released the "White Paper on the Development of the Global Elevator Industry in 2025". Based on market data from 120 countries worldwide, analysis of 560 patents, and a survey of 12,000 users, it comprehensively analyzes the global elevator market landscape from 2024 to 2027. Core data includes: first, market size, with the global elevator market reaching $126.8 billion in 2024, representing a compound annual growth rate (CAGR) of 7.3%; it is expected to reach $158 billion in 2027, with a cumulative growth of 24.7% over three years; second, product structure, with smart elevators (Internet of Things + remote monitoring + AI) accounting for 42%, increasing by 15.6% annually; green energy-saving elevators accounting for 35%, increasing by 12.8% annually; and home elevators accounting for 8%, increasing by 8.3% annually; third, regional landscape, with the Asia-Pacific market accounting for 48% (China 32%, Southeast Asia 8%, Japan 5%, South Korea 3%), Europe 22%, North America 15%, the Middle East 8%, Latin America 5%, and Africa 2%; fourth, core drivers, with the renewal of old elevators (with a global stock of over 12 million units), urbanization construction, green and low-carbon policies, and digital transformation serving as the four major engines; fifth, technological trends, with the unification of ISO 8100 global standards, mandatory cybersecurity, breakthroughs in ultra-high-speed technology, the popularization of permanent magnet synchronous drives, and the large-scale application of predictive maintenance; sixth, competitive landscape, with China's elevator production accounting for 70% of the global total and export volume accounting for 65% of the global total, making it the world's largest production and export base. The report predicts that the global elevator industry will enter a new stage of high-quality development from 2024 to 2027, with compliance, green, and intelligence becoming core competitiveness.