The Escalators and Moving Walkways Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Escalators and Moving Walkways Market?
The global market for escalators and moving walkways has seen robust growth recently. It is projected to increase from $18.44 billion in 2024 to $19.44 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Escalators and Moving Walkways Industry?
By 2029, the global market for escalators and moving walkways is projected to reach $24.91 billion, growing at a compound annual growth rate (CAGR) of 6.4%.
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What are the Key Growth Drivers Fueling the Escalators and Moving Walkways Market?
The key drivers in the escalators and moving walkways market are:
• Adoption of escalators and moving walkways in smart cities
• Retrofitting and modernization of existing transportation infrastructure
• Expansion of mass transit systems and metro networks
• Focus on touchless and hygienic escalator solutions
Global Market Segmentation: Identifying Major Escalators and Moving Walkways Industry Segments
The escalators and moving walkways market covered in this report is segmented –
1) By Product: Escalators, Moving Walkways
2) By Application: Public Transit, Airport, Retail, Institutional, Other Applications
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What are the Emerging Trends Shaping the Future of the Escalators and Moving Walkways Market?
The key trends in the paper diagnostics market are:
• The integration of IoT and smart connectivity is becoming increasingly prevalent in the market.
• There is a shift towards energy-efficient and regenerative drive systems within the industry.
• Aesthetic design innovation and integration are emerging trends in the sector.
• Advances in materials are being made for enhanced durability, also remote monitoring and predictive maintenance are becoming more prominent.
Who Are the Top Competitors & Leading Players in the Escalators and Moving Walkways Market?
Major companies in the escalators and moving walkways market are:
• Kone Oyj
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• Schindler Group
• Mitsubishi Electric Corporation
• Fujitec Co. Ltd.
• ThyssenKrupp AG
• Sigma Elevator Co. Ltd.
• Hyundai Elevator Co. Ltd.
• Toshiba Corporation
• Hitachi Ltd.
• Canny Elevator Co. Ltd.
• Kleemann Hellas SA
• Shanghai Mitsubishi Elevator Co. Ltd.
• Ningbo Xinda Group Co. Ltd.
• Guangdong Huasheng Electrical Appliances Co. Ltd.
• Sicher Elevator Co. Ltd.
• Shenyang Brilliant Elevator Co. Ltd.
• Hangzhou Xizi Elevator Co. Ltd.
• Suzhou Ostar Elevator Co. Ltd.
• Sodimas
• Excel Elevator and Escalator Corp.
• Elevator Technology (Shenyang) Co. Ltd.
• Vintec Elevators Private Limited
• Anlev Elex Elevator Co. Ltd.
• Sematic Group
Regional Dominance: Which Area Leads the Global Escalators and Moving Walkways Market?
North America was the largest region in the escalators and moving walkway market in 2024
