Escalators and Moving Walkways Market is anticipated to reach USD 23.61 billion by 2034, growing at a compound annual growth rate (CAGR) of 5.7%.

Market Overview:

Escalators and Moving Walkways Market Insights, Size Revenue, Outlook, Overview, and Analysis. The escalators and moving walkways market was estimated to be worth USD 13.61 billion in 2024 and is predicted to expand to USD 23.61 billion by 2034, with a CAGR of 5.7% from 2025 to 2034.

Report Scope:

This comprehensive study provides an accurate overview of the worldwide escalators and moving walkways market. Comprehensive analyses of sales volume, price, revenue, market share, and important companies are included. The market is further divided into segments by product, business, end use, and region in the study, which offers a comprehensive picture of the state of the market.

Market Definition:

Escalators and moving walkways are mechanical transport systems created to carry individuals between various levels or along flat routes in public areas such as shopping centers, airports, and transit hubs. Escalators feature a constantly in-motion staircase, whereas moving walkways are level, traveling conveyor belts. Both aim to increase convenience, minimize travel time, and enhance accessibility, particularly in crowded zones, providing a more effective option than stairs or lengthy walks.

Drivers and Trends:

The increasing population in cities is driving the need for extensive buildings and facilities like shopping centers, airports, and office spaces for housing.
The increasing flow of shoppers in malls is leading to a greater need for installing escalators and moving walkways. A rise in yearly foot traffic at shopping malls is propelling the growth of the escalator and moving walkways market.

Top Companies:

In this extremely competitive market, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here are the top companies in the escalators and moving walkways market:

KONE Corporation
Otis Worldwide Corporation
Schindler Group
TK Elevators
FUJITEC CO., Ltd
Toshiba Corporation
HYUNDAI ELEVATOR CO., Ltd
Sigma Elevator Company
Kleemann Hellas SA.
ThyssenKrupp AG
Stein Ltd
Sicher Elevator Co., Ltd.
Mitsubishi Electric Corp.
Gulf Elevator and Escalator Co. Ltd.
Stannah

Country-Wise Insights:

Escalators and Moving Walkways Market, Regional Outlook (Revenue – USD Billion, 2020-2034)

North America
- Product Outlook
  - Escalators
    - Parallel
    - Multi-Parallel
    - Others
  - Moving Walkways
- Business Outlook
  - New Equipment
  - Maintenance
  - Modernization
- End-use Outlook
  - Public Transit
  - Airports
  - Retail
  - Institutional
  - Others
Europe
- Product Outlook
  - Escalators
    - Parallel
    - Multi-Parallel
    - Others
  - Moving Walkways
- Business Outlook
  - New Equipment
  - Maintenance
  - Modernization
- End-use Outlook
  - Public Transit
  - Airports
  - Retail
  - Institutional
  - Others

According to regional analysis, Asia Pacific accounted for the largest market share in 2024 because of a rise in infrastructure projects. Swift urban growth, coupled with rising infrastructure initiatives like shopping centers, office complexes, and transit stations, is fueling the need for escalators and moving walkways.

Also, North America is experiencing substantial growth due to rising renovation and construction improvement efforts. Numerous historic commercial and public structures are being modernized to enhance accessibility and comply with elevated safety regulations.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:

https://www.polarismarketresearch.com/industry-analysis/escalators-and-moving-walkways-market

Rising investments in construction projects are driving the escalators and moving walkways market growth. Governments across the countries are increasingly allocating funds to the development of new commercial buildings, residential complexes, and public infrastructure, which is raising the demand for vertical transportation systems. Escalators and moving walkways are essential in large, multi-story structures such as shopping malls, airports, office buildings, and transportation hubs. Additionally, the expansion of cities and urbanization is pushing the need for modern, high-capacity systems.

Escalators and Moving Walkways Market Developments:

TK Elevator Facility Launch in Chakan, Pune (November 2021)
TK Elevator inaugurated a multi-purpose facility in Chakan, Pune, to locally manufacture escalators, including the Velino, Tugela, and Victoria series. This initiative is part of India’s “Make in India” campaign, aimed at addressing the growing demand for high-quality mobility solutions within the country.
Mitsubishi Electric’s U Series Escalators Launch (December 2020)
Mitsubishi Electric Corporation unveiled its new U series escalators, designed to enhance safety, comfort, and energy efficiency. These escalators are tailored for markets in ASEAN, the Middle East, Latin America, and India, with the company setting an ambitious sales target of 500 units annually.