Escalators and Moving Walkways Market Analysis: Global Industry Size, Growth and Forecast
Report ID : 1316866 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Escalators And Moving Walkways Market is categorized based on Type (Escalators, Moving Walkways) and Application (Commercial, Residential, Industrial, Institutional, Transportation) and End-User (Retail, Hospitality, Healthcare, Airport, Public Transport) and Technology (Machine Roomless, Traditional) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Valued at USD 46 billion in 2023, the Escalators And Moving Walkways Market size is expected to grow to USD 70 billion by 2033, with a CAGR of 4.5% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.
Like many new types of movable structures, escalators and moving walkways have also become an important part of the urban framework of cities, aiding movement in business centers as well as in public places. With the growth of cities and the increase in population, the integration of overhead bridges and escalators in buildings like shopping complex, airports, and railway stations is on the rise. These systems not only optimize pedestrian circulation but also improve the overall comfort and the premises they serve.
Lately, industry focus has shifted toward energy-efficient and safe systems which was made possible with modern technology and innovations in the complimentary escalators and moving walkways industry. There is ongoing transition from duplex and analog systems to building management systems which allow flexible integration and management of facilities, thus improving the user experience and reducing costs. Stakeholders are also becoming more aware of environmentally sustainable practices which is contributing to the design and construction of these systems.
As urban mobility applications continue to expand, the escalators and moving walkways market is bound to grow. All stakeholders looking to make strategic investment decisions or understand the new trends will need to consider the market dynamics in order to remain competitive in this ever changing environment.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Otis Elevator Company, Schindler Group, Thyssenkrupp AG, KONE Corporation, Mitsubishi Electric Corporation, Hitachi Ltd., Fujitec Co. Ltd., Toshiba Corporation, Stannah Lifts Holdings Ltd., Alimak Group, Hyundai Elevators Co. Ltd. |
| SEGMENTS COVERED |
By Type - Escalators, Moving Walkways
By Application - Commercial, Residential, Industrial, Institutional, Transportation
By End-User - Retail, Hospitality, Healthcare, Airport, Public Transport
By Technology - Machine Roomless, Traditional
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Escalators And Moving Walkways Market Dynamics
The Escalators And Moving Walkways Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Escalators And Moving Walkways Market Segmentations
Market Breakup by Type
- Overview
- Escalators
- Moving Walkways
Market Breakup by Application
- Overview
- Commercial
- Residential
- Industrial
- Institutional
- Transportation
Market Breakup by End-User
- Overview
- Retail
- Hospitality
- Healthcare
- Airport
- Public Transport
Market Breakup by Technology
- Overview
- Machine Roomless
- Traditional
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Escalators And Moving Walkways Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Otis Elevator Company
- Schindler Group
- Thyssenkrupp AG
- KONE Corporation
- Mitsubishi Electric Corporation
- Hitachi Ltd.
- Fujitec Co. Ltd.
- Toshiba Corporation
- Stannah Lifts Holdings Ltd.
- Alimak Group
- Hyundai Elevators Co. Ltd.
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