In recent years, with the increase in high-rise building construction, there has been a rise in demand for elevators. This demand has spurred mutual growth between the vertical transportation sector and high-rise building construction. Both sectors are improving technology, security, and comfort standards. Traditional elevator traction machines typically employ asynchronous motors coupled with geared reducers, despite their low energy efficiency and requirement for large machine rooms. However, with the proliferation of rare-earth magnet materials and advancements in driver technologies, the use of Permanent Magnet Synchronous Motors (PMSMs) in elevator traction machines has increased. PMSMs operate with direct drive, eliminating the need for reducers. High efficiency and passenger comfort are crucial parameters for elevator traction machines. This study focuses on identifying the fundamental topology that could influence the performance of PMSMs for gearless elevator machines. Factors such as stator materials, rotor structures, permanent magnets, winding configurations, slot/pole combinations, cogging torque and torque ripple have been examined to select suitable design topologies for elevator motors. Important topics such as the magnetic properties of grain-oriented silicon steel sheets used in stator construction, B-H curves, lamination forming and stacking factors have been addressed. Two different rotor topologies and magnet arrangements, namely internal and external, have been investigated in PMSM designs. Additionally, the use of four different magnet materials, namely AlNiCo, Ferrite, NdFeB, and SmCo have been compared for PMSM traction motors in elevators. Single-layer and double-layer winding configurations, distributed and concentrated winding configurations have been compared. Fractional slot/pole combinations, which directly affect the performance and comfort of PMSMs, have also been examined based on information obtained from the literature. Particularly, structures with high winding factors, such as 12/10, 12/14, 18/16, 18/20, 24/22, and 24/26 have been identified. Finally, studies on skewing to reduce cogging torque and torque ripple have been addressed.