Global Escalator Market Growth 2023-2029

Global Escalator Market Growth 2023-2029

Escalator in this report refers to staircase escalator as well as moving walkway. An escalator is a type of vertical transportation in the form of a moving staircase which carries people between floors of a building. It consists of a motor-driven chain of individually linked steps on a track which cycle on a pair of tracks which keep them horizontal. A moving walkway, also known as an autowalk, moving sidewalk, moving pavement, people-mover, travolator, or travelator, is a slow-moving conveyor mechanism that transports people across a horizontal or inclined plane over a short to medium distance.

LPI (LP Information)' newest research report, the “Escalator Industry Forecast” looks at past sales and reviews total world Escalator sales in 2022, providing a comprehensive analysis by region and market sector of projected Escalator sales for 2023 through 2029. With Escalator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Escalator industry.

This Insight Report provides a comprehensive analysis of the global 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 Escalator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Escalator market.

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

The global Escalator market size is projected to grow from US$ 6156.1 million in 2022 to US$ 7629.1 million in 2029; it is expected to grow at a CAGR of 7629.1 from 2023 to 2029.

Global Escalators key players include Otis, Schindler, Kone, TK Elevator, Mitsubishi Electric, etc. Global top five manufacturers hold a share about 45%. China is the largest market, with a share about 70%, followed by Europe and North America, both have a share about 15 percent. In terms of product, Escalators is the largest segment, with a share over 80%. And in terms of application, the largest application is Escalators, followed by Moving Walkways, etc.

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

Market Segmentation:

Segmentation by type
Parallel Escalator
Multi-parallel Escalator
Walkway Escalator
Others(Crisscross and Spiral)

Segmentation by application
Commercial
Public Transit
Others(Institutional Sector and Residential)

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.
Schindler Group
Kone Corporation
Thyssenkrupp AG
Dover
Hyundai Elevator
Fujitec
Mitsubishi Electric
SIGMA
Otis
Omega

Key Questions Addressed in this Report

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

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

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

How do Escalator market opportunities vary by end market size?

How does Escalator break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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