Escalators and Moving Walkways Market Size, Share, and Outlook, 2025 Report- By Product (Escalators, Moving Walkways), By Business (New Equipment, Maintenance, Modernization), By Application (Retail, Public Transit, Airports, Institution, Others), 2018-20

Escalators and Moving Walkways Market Outlook

Escalators and Moving Walkways Market Size is forecast to reach $22.5 Billion in 2032 from $15.1 Billion in 2025, at an optimistic growth rate of 5.8% from 2025 to 2032. The robust Escalators and Moving Walkways Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Escalators and Moving Walkways Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Product (Escalators, Moving Walkways), By Business (New Equipment, Maintenance, Modernization), By Application (Retail, Public Transit, Airports, Institution, Others). Over 70 tables and charts showcase findings from our latest survey report on Escalators and Moving Walkways Markets.

Escalators and Moving Walkways Market Insights, 2025: Escalators and Moving Walkways – Key Drivers and Opportunities

Escalators and moving walkways are critical components of modern urban infrastructure, especially in high-traffic environments like shopping malls, airports, train stations, and stadiums. These systems are designed to transport people across different levels quickly and efficiently, improving the flow of large crowds in public spaces.

Key drivers for the escalators and moving walkways market include urbanization, the growth of commercial real estate, and the increasing demand for smart cities with efficient transportation systems. With more people living in urban areas and working in multi-story buildings, the need for safe, reliable, and fast vertical transportation is growing. Further, architectural trends that focus on open spaces and enhanced aesthetic appeal in commercial buildings are pushing the demand for escalators and moving walkways that blend seamlessly with modern designs.

Opportunities in this market include innovations in energy-efficient escalators, smart technology integration for predictive maintenance, and systems that enhance passenger safety and comfort. The development of eco-friendly escalators with regenerative drives that convert energy from the descent into electrical power for the ascent is gaining traction, reducing energy costs. Furthermore, COVID-19 has increased demand for touchless escalator systems, which could further boost market growth.

Five Trends that will define global Escalators and Moving Walkways Market in 2025 and Beyond

A closer look at the multi-million global market for Escalators and Moving Walkways Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Escalators and Moving Walkways Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Escalators and Moving Walkways Industry?

The Escalators and Moving Walkways Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Escalators and Moving Walkways Market Segment Insights

The Escalators and Moving Walkways Industry presents strong offers across categories. The analytical report offers forecasts of Escalators and Moving Walkways Industry performance across segments and countries. Key segments in the industry include- By Product (Escalators, Moving Walkways), By Business (New Equipment, Maintenance, Modernization), By Application (Retail, Public Transit, Airports, Institution, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Escalators and Moving Walkways Market size outlook is provided for 22 countries across these regions.

Escalators and Moving Walkways Industry Value Chain

The chapter identifies potential companies and their operations across the global Escalators and Moving Walkways Industry ecosystem. It assists decision-makers in evaluating global Escalators and Moving Walkways Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Escalators and Moving Walkways Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Escalators and Moving Walkways Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Escalators and Moving Walkways Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Escalators and Moving Walkways Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Escalators and Moving Walkways Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Escalators and Moving Walkways Market Insights- Executives are most excited about opportunities for the US Escalators and Moving Walkways Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Escalators and Moving Walkways Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Escalators and Moving Walkways Market.

Latin American Escalators and Moving Walkways Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Escalators and Moving Walkways Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Escalators and Moving Walkways Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Escalators and Moving Walkways Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Escalators and Moving Walkways Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include FUJITEC CO. Ltd, Gulf Elevator and Escalator Co. Ltd, HYUNDAI ELEVATOR CO. Ltd, Kleemann Hellas SA, KONE Corp, Mitsubishi Electric Corp, Otis Worldwide Corp, Schindler Group, Sicher Elevator Co. Ltd, Sigma Elevator Company Ltd, Stannah, Stein Ltd, Thyssenkrupp AG, TK Elevator, Toshiba Corp.

Escalators and Moving Walkways Market Scope and Segmentation

By Product

Escalators

• Parallel
• Multi-Parallel
• Others

Moving Walkways

By Business

New Equipment

Maintenance

Modernization

By Application

Retail

Public Transit

Airports

Institution

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Escalators and Moving Walkways Market Research-

FUJITEC CO. Ltd

Gulf Elevator and Escalator Co. Ltd

HYUNDAI ELEVATOR CO. Ltd

Kleemann Hellas SA

KONE Corp

Mitsubishi Electric Corp

Otis Worldwide Corp

Schindler Group

Sicher Elevator Co. Ltd

Sigma Elevator Company Ltd

Stannah

Stein Ltd

Thyssenkrupp AG

TK Elevator

Toshiba Corp

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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