Global Escalator Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Parallel, Multi-parallel, Walkway, and Others (Crisscross, and Spiral).

By Industry Vertical;

Commercial, Public transit, and Others (Institutional Sector, and Residential).

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn601673103 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Escalator Market (USD Million), 2021 - 2031

In the year 2024, the Global Escalator Market was valued at USD 14,125.45 million. The size of this market is expected to increase to USD 19,351.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.

The global escalator market has witnessed significant growth over the past few decades, driven by rapid urbanization, infrastructure development, and technological advancements. As cities expand and modernize, the demand for efficient and reliable vertical transportation solutions has surged. Escalators, being a crucial component of urban mobility, have found extensive applications in shopping malls, airports, railway stations, and commercial complexes. The increasing focus on smart cities and sustainable infrastructure has further propelled the market, with manufacturers innovating to meet the demands for energy-efficient and eco-friendly escalator systems. The growing middle-class population and rising disposable incomes in emerging economies have boosted the construction of high-rise buildings, thereby augmenting the need for advanced escalator systems.

Technological advancements have also played a pivotal role in shaping the global escalator market. Innovations such as smart escalators with IoT integration, advanced safety features, and energy-saving technologies have enhanced the user experience and operational efficiency. Companies are investing heavily in research and development to introduce escalators that offer superior performance, reduced maintenance costs, and enhanced safety. The trend towards modernization and replacement of aging infrastructure in developed regions is creating lucrative opportunities for market players. As a result, the global escalator market is poised for sustained growth, driven by continuous technological advancements, expanding urban landscapes, and the ever-increasing need for efficient vertical transportation solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Industry Vertical
    3. Market Snapshot, By Region
  4. Global Escalator Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing retail sector
        2. Airport expansions
        3. Need for modernization
        4. Focus on public accessibility
      2. Restraints
        1. Reliance on construction industry
        2. Import duties
        3. Slow tech adoption in some areas
      3. Opportunities
        1. Renovation of old infrastructure
        2. High-speed escalator demand
        3. Digital tech and IoT adoption
        4. E-commerce logistics centers expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Escalator Market, By Type, 2021 - 2031 (USD Million)
      1. Parallel
      2. Multi-parallel
      3. Walkway
      4. Others
        1. Crisscross
        2. Spiral
    2. Global Escalator Market, By Industry Vertical, 2021 - 2031 (USD Million)
      1. Commercial
      2. Public transit
      3. Others
        1. Institutional Sector
        2. Residential
    3. Global Escalator Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Schindler Group
      2. Kone Corporation
      3. Thyssenkrupp AG
      4. Dover
      5. Hyundai Elevator
      6. Fujitec
      7. Mitsubishi Electric
  7. Analyst Views
  8. Future Outlook of the Market