Global Escalators & Moving Walkways Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Escalators, Parallel, Multi-parallel, and Others.

By Speed;

Low-speed (up to 30 feet per minute), Medium-speed (up to 90 feet per minute).

By Usage;

Commercial, Public, Residential, and Industrial.

By Application;

Public transit, Airports, Retail, Institutional, Others (Leisure, Sports complex).

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn169800535 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Escalators & Moving Walkways Market (USD Million), 2021 - 2031

In the year 2024, the Global Escalators & Moving Walkways Market was valued at USD 18,999.13 million. The size of this market is expected to increase to USD 27,821.54 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.

Escalators and moving walkways play a crucial role in modern transportation systems, facilitating efficient vertical movement in various settings such as airports, shopping malls, metro stations, and commercial buildings. As urban populations continue to swell worldwide, particularly in emerging economies across Asia Pacific, Latin America, and Africa, the demand for these mobility solutions is expected to rise. Urbanization not only necessitates the construction of new infrastructure but also prompts the refurbishment and modernization of existing facilities to accommodate higher traffic volumes and ensure safety and accessibility for all users. Technological innovations are reshaping the market landscape with escalators and moving walkways incorporating features like energy efficiency, smart monitoring systems, and enhanced safety protocols.

These advancements not only improve operational efficiency but also align with global sustainability goals, driving the adoption of eco-friendly designs and practices. The integration of digital technologies such as IoT (Internet of Things) is enabling real-time monitoring and predictive maintenance, reducing downtime and enhancing reliability. The market is characterized by fierce competition among global players focused on expanding their product portfolios and geographical presence. As urban mobility becomes increasingly pivotal in city planning initiatives, the escalators and moving walkways market is poised for continued growth, spurred by the evolving needs of modern urban environments and the relentless pursuit of efficiency and sustainability.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Speed
    3. Market Snapshot, By Usage
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Escalators & Moving Walkways Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Digitalization and IoT integration
        2. Demand for reliable transportation
        3. Building automation integration
        4. Growth in tourism and hospitality
      2. Restraints
        1. Trade barriers and tariffs
        2. Safety and security risks
        3. Operational disruptions
      3. Opportunities
        1. Demand for airport walkways
        2. Smart building integrations
        3. Tourism infrastructure growth
        4. Expansion of mass transit
    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 Escalators & Moving Walkways Market, By Product, 2021 - 2031 (USD Million)
      1. Escalators
      2. Parallel
      3. Multi-parallel
      4. Others
    2. Global Escalators & Moving Walkways Market, By Speed , 2021 - 2031 (USD Million)
      1. Low-speed (up to 30 feet per minute)
      2. Medium-speed (up to 90 feet per minute)
    3. Global Escalators & Moving Walkways Market, By Usage, 2021 - 2031 (USD Million)
      1. Commercial
      2. Public
      3. Residential
      4. Industrial
    4. Global Escalators & Moving Walkways Market, By Application, 2021 - 2031 (USD Million)
      1. Public transit
      2. Airports
      3. Retail
      4. Institutional buildings
      5. Other applications
      6. Leisure facilities
      7. Sports complexes
    5. Global Escalators & Moving Walkways 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. Otis Elevator Company
      2. Fujitec
      3. Thyssenkrupp AG
      4. Mitsubishi Electric Corporation
      5. Schindler
      6. KONE
  7. Analyst Views
  8. Future Outlook of the Market