Global Elevator and Escalator Safety Devices Market Growth (Status and Outlook) 2025-2031

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

According to data released by the National Bureau of Statistics, China"s elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world"s largest elevator producer and consumer. More than 70% of the world"s elevator manufacturing business were in Chinese mainland, and 60%-65% of the world"s elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.

LPI (LP Information)' newest research report, the “Elevator and Escalator Safety Devices Industry Forecast” looks at past sales and reviews total world Elevator and Escalator Safety Devices sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator and Escalator Safety Devices sales for 2025 through 2031. With Elevator and Escalator Safety Devices 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 Safety Devices industry.

This Insight Report provides a comprehensive analysis of the global Elevator and Escalator Safety Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Elevator and Escalator Safety Devices 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 Safety Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator and Escalator Safety Devices 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 Safety Devices.

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

Segmentation by Type:
Elevator Safety Devices
Escalator Safety Devices

Segmentation by Application:
Subway Station
Train Station
Airport
School
Shopping Mall
Cinema
Other

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 analyzing the company's coverage, product portfolio, its market penetration.
Otis
Mitsubishi Electric
Schindler
Fujitec
Toshiba
Hitachi
Yuanda Enterprise Group
Jiangsu Juli Intelligent Machinery
Gilco Global

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