Global Round Elevator Market Valued at USD 1.47 Billion in 2025 with Explosive Growth

Global Round Elevator Market Valued at USD 1.47 Billion in 2025 with Explosive Growth

The global round elevator market has entered a high-growth phase, reaching USD 1.47 billion in 2025, with a compound annual growth rate (CAGR) of 18.3% since 2020. This surge is mainly driven by three key factors:

1. Rising Demand in Luxury Residential Projects

In luxury properties valued over USD 10 million, the installation rate of round elevators has increased from 12% in 2019 to 38% in 2025. High-end homeowners increasingly prefer panoramic, customizable elevator designs as part of an upgraded lifestyle experience.

2. Urban Renovation Initiatives

Historical building renovation programs across Europe have contributed to a 22% annual increase in round elevator installations.
In the Asia-Pacific region, theme parks, resorts, and coastal hotels now account for 53% of all sightseeing round elevator procurement, becoming a new market growth engine.

3. Tourism and Cultural Real Estate Expansion

The boom in tourism and hospitality projects continues to fuel demand. Theme parks and resort hotels in the Asia-Pacific market represent 53% of total purchases of panoramic round elevators.

Linyi Fuji Intelligent Technology Co., Ltd. – One of the Few Round Elevator Manufacturers in China

Linyi Fuji Intelligent Technology Co., Ltd. is among the very few companies in China capable of independently developing, designing, and manufacturing round elevators. Its products are known for technological innovation and high-end customization.

Technological Advantages:

• Integrated facial recognition calling system, AR floor navigation, and health monitoring features.

• Users can adjust cabin temperature and background music via voice control.

• Unlike traditional elevators that use a metal frame and standard glass, Fuji adopts aerospace-grade polycarbonate materials combined with double-layer laminated glass, offering three times the compression strength of conventional tempered glass.

• 92% light transmission creates a true panoramic experience.

Case Study: Bespoke Circular Elevators for Seaside Villas in Dubai

In the Zuhal Island luxury villa area on the northwest side of Palm Jumeirah, Fuji has delivered multiple customized round elevator solutions:

• 360-degree panoramic view cabins.
• 600 MPa compression resistance, designed to withstand desert winds and marine corrosion.
• Equipped with a permanent magnet gearless traction machine, achieving a noise level as low as 32 dB, equivalent to a library environment.

Full-Cycle Service Driven by Technology and Customization

With a development strategy based on “Technology + Customization,” Fuji Intelligent Technology provides end-to-end services for global clients—from design and engineering to manufacturing, installation, and long-term operation support.