Global Elevator and Escalator Market Growth 2025-2031

Global Elevator and Escalator Market Growth 2025-2031

The global Elevator and Escalator market size is predicted to grow from US$ 38690 million in 2025 to US$ 47640 million in 2031; it is expected to grow at a CAGR of 3.5% from 2025 to 2031.

In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow-moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.

The biggest elevator and escalator manufacturers in Global Market is Otis, holds a share about 15%, other key players include Schindler Group, ThyssenKrupp and Kone hold market share about 25% in total. Asia-Pacific is largest market, occupied for around 80 percent, followed by Europe, which holds around 15% market share. In terms of type, elevator(vertical) segment holds the largest share over 80 percent. In terms of application, residential area holds the largest elevator and escalator market share about 62 percent in global.

LP Information, Inc. (LPI) ' newest research report, the “Elevator and Escalator Industry Forecast” looks at past sales and reviews total world Elevator and Escalator sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator and Escalator sales for 2025 through 2031. With Elevator and Escalator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator and Escalator industry.

This Insight Report provides a comprehensive analysis of the global Elevator and Escalator landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elevator and Escalator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator and Escalator market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator and Escalator and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elevator and Escalator.

This report presents a comprehensive overview, market shares, and growth opportunities of Elevator and Escalator market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Elevator (Vertical)
Escalator
Moving Walkway

Segmentation by Application:
Residential Area
Commercial Office
Transportation Hub Area
Industrial Area

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Otis
Schindler Group
ThyssenKrupp
Kone
Mitsubishi Electric
Toshiba
Hitachi
Fujitec
Hyundai
Yungtay Engineering
Canny Elevator
Volkslift
Syney Elevator
Sicher Elevator
SJEC
Guangri Elevator
Hangzhou XiOlift
Edunburgh Elevator
Suzhou Diao
CNYD
Meilun Elevator
IFE Elevators
Joylive Elevator
Dongnan Elevator

Key Questions Addressed in this Report

What is the 10-year outlook for the global Elevator and Escalator market?

What factors are driving Elevator and Escalator market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Elevator and Escalator market opportunities vary by end market size?

How does Elevator and Escalator break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.