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The global Industry 4.0 market is on a trajectory of phenomenal growth, driven by the accelerating need for smart manufacturing, operational efficiency, and digital transformation across all industrial sectors.
The global smart elevator market size was valued at USD 12.29 billion in 2024 and is projected to reach USD 34.57 billion by 2032, with a CAGR of 13.8% during the forecast period of 2025 to 2032.