Escalators and Moving Walkways

Global Escalators and Moving Walkways Market to Reach US$17.3 Billion by 2030

The global market for Escalators and Moving Walkways estimated at US$13.1 Billion in the year 2024, is expected to reach US$17.3 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Escalators, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$12.3 Billion by the end of the analysis period. Growth in the Moving Walkways segment is estimated at 2.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.6 Billion While China is Forecast to Grow at 8.6% CAGR

The Escalators and Moving Walkways market in the U.S. is estimated at US$3.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Global Escalators and Moving Walkways Market – Key Trends & Drivers Summarized

How Is Urbanization Driving the Demand for Escalators and Moving Walkways?

The global escalators and moving walkways market is witnessing significant growth, primarily fueled by rapid urbanization and the increasing development of commercial infrastructure. As cities expand, the demand for efficient vertical and horizontal transportation solutions is rising, particularly in high-traffic areas such as airports, shopping malls, metro stations, and corporate buildings. Escalators and moving walkways are becoming essential components of modern infrastructure, enhancing mobility, optimizing pedestrian flow, and reducing congestion in crowded spaces. Governments and urban planners are integrating these systems into large-scale projects, including smart cities, mixed-use developments, and public transportation hubs, further accelerating market demand.

Additionally, the increasing elderly population and mobility-impaired individuals in urban areas are driving the need for seamless, barrier-free transportation solutions. Moving walkways, in particular, are gaining popularity in transportation hubs and commercial spaces, offering convenient and efficient movement for travelers carrying luggage or cargo. The demand for aesthetically appealing and technologically advanced escalators is also rising, with manufacturers introducing sleeker designs, glass balustrades, and customized lighting to enhance the visual appeal of commercial spaces. As cities continue to modernize and expand, the adoption of escalators and moving walkways is expected to grow, playing a crucial role in urban mobility and accessibility.

What Are the Key Technological Advancements in Escalators and Moving Walkways?

The escalators and moving walkways market is evolving with the integration of advanced technologies aimed at improving energy efficiency, safety, and maintenance. The implementation of smart sensors and predictive maintenance systems is revolutionizing equipment monitoring, reducing downtime, and preventing sudden failures. Internet of Things (IoT)-enabled escalators can transmit real-time data on usage patterns, wear and tear, and operational efficiency, allowing facility managers to optimize performance and extend equipment lifespan.

Energy-efficient designs, such as variable frequency drives (VFDs), regenerative braking systems, and LED lighting, are gaining traction as building operators seek to minimize energy consumption. Green escalators with automatic speed adjustment and standby modes help reduce power usage during low-traffic periods, contributing to sustainable infrastructure development. The integration of touchless technology, including motion sensors and voice-activated controls, is enhancing user experience and hygiene, particularly in the post-pandemic era. As the emphasis on smart and sustainable urban infrastructure grows, technological innovations will continue to shape the future of escalators and moving walkways.

How Is Sustainability Influencing the Escalator and Moving Walkway Market?

Sustainability has become a major focus in the escalator and moving walkway industry, with manufacturers developing eco-friendly solutions to reduce energy consumption and environmental impact. The demand for green building certifications, such as LEED and BREEAM, is encouraging developers to invest in energy-efficient escalators that align with sustainability goals. The use of recyclable materials, such as aluminum and stainless steel, in escalator construction is becoming more common, reducing resource depletion and promoting circular economy practices.

Additionally, advancements in lubrication-free escalator chains and low-friction components are minimizing maintenance requirements and improving operational efficiency. The push for smart cities and green transit systems is also driving demand for solar-powered escalators and regenerative energy systems that capture and reuse excess energy. As the global focus on sustainability intensifies, escalator manufacturers are expected to continue developing innovative, environmentally friendly solutions that support energy-efficient urban mobility.

What Are the Key Factors Driving Growth in the Escalators and Moving Walkways Market?

The growth in the escalators and moving walkways market is driven by several factors, including rapid urbanization, increasing commercial and public infrastructure projects, and advancements in energy-efficient technology. The expansion of metro and airport networks, coupled with the rise of high-rise buildings and mixed-use developments, is fueling demand for modern escalators and walkways. The growing focus on smart transportation and urban mobility solutions is encouraging investment in digitalized and automated escalator systems.

Technological advancements in IoT-based monitoring, touchless controls, and predictive maintenance are further enhancing equipment efficiency and reliability. Additionally, the integration of sustainability-focused solutions, such as regenerative energy systems and low-energy consumption components, is contributing to market expansion. Government regulations promoting safety and accessibility are also playing a crucial role in driving escalator upgrades and replacements. As cities continue to evolve and infrastructure projects accelerate, the demand for advanced escalators and moving walkways is expected to experience sustained growth.

SCOPE OF STUDY:

The report analyzes the Escalators and Moving Walkways market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Escalators, Moving Walkways); Business (New Equipment, Maintenance, Modernization); Application (Escalators & Moving Walkways, Escalators, Moving Walkways)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• AKE Elevator
• AOYAMA Elevator Global Ltd.
• Escone Elevators Pvt. Ltd.
• Express Lift Company
• Fujitec Co., Ltd.
• Hitachi, Ltd.
• Hyundai Elevator Co., Ltd.
• Kleemann Hellas SA
• KONE Corporation
• Mitsubishi Electric Corporation
• Omega Elevators
• Orona Group
• Otis Elevator Company
• Sanyo Elevator Co., Ltd.
• Schindler Group
• Sigma Elevator Company
• Stannah Lifts Holdings Ltd
• ThyssenKrupp AG
• TK Elevator
• Toshiba Elevator and Building Systems Corporation

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