Global Elevator and Escalator Market Growth 2025-2031
Description
The global Elevator and Escalator market size is predicted to grow from US$ 48640 million in 2025 to US$ 56720 million in 2031; it is expected to grow at a CAGR of 2.6% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow-moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
This article only counts elevator sales and does not include services.
Elevators and escalators are indispensable vertical transportation tools in modern buildings. They serve different scenarios with their high efficiency and safety. Elevators use closed cabins to achieve precise stops between floors. They are widely used in high-rise residential buildings, office buildings, hospitals and other scenarios. The core technology lies in the traction system (wire rope/carbon fiber cable) and intelligent group control algorithm. The speed ranges from 1m/s for residential elevators to ultra-high speeds of more than 20m/s. Escalators use a circular staircase structure to achieve continuous transportation of people. They are commonly found in subways, shopping malls and airports. The core lies in the chain drive system and anti-pinch design. The operating speed is fixed at 0.5-0.75m/s, taking into account both efficiency and safety.
The global market is dominated by six major international brands: Otis (USA), KONE (Finland), Schindler (Switzerland), ThyssenKrupp (Germany), Mitsubishi Electric and Hitachi (Japan). The top 5 companies have a total share of about 60%. These companies build their moats with technological barriers, such as ThyssenKrupp's MULTI magnetic levitation elevator (cableless multi-directional operation) and KONE's UltraRope carbon fiber traction technology (reducing energy consumption and building load-bearing capacity). Chinese local companies such as Canny Elevator, SJEC, Guangzhou Guangri Elevator, Shenyang Yuanda Intellectual Industry Group, etc., seize the low-end and mid-end markets through cost-effective advantages and expand their market share by leveraging the "old renovation" policy.
LP Information, Inc. (LPI) ' newest research report, the “Elevator and Escalator Industry Forecast” looks at past sales and reviews total world Elevator and Escalator sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator and Escalator sales for 2025 through 2031. With Elevator and Escalator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator and Escalator industry.
This Insight Report provides a comprehensive analysis of the global Elevator and 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 Elevator and Escalator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator and Escalator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator and 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 Elevator and Escalator.
This report presents a comprehensive overview, market shares, and growth opportunities of Elevator and Escalator market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Elevator (Vertical)
Escalator
Moving Walkway
Segmentation by Application:
Residential
Commercial Buildings
Rail Transit
Schools & Hospital
Airports
Industrial
Others
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 analysing the company's coverage, product portfolio, its market penetration.
Otis
Schindler Group
ThyssenKrupp
Kone
Mitsubishi Electric
Toshiba
Hitachi (Yungtay)
Fujitec
Hyundai
Kleemann
Canny Elevator
Volkslift GmbH
Guangzhou Guangri Elevator
Shenyang Yuanda Intellectual Industry Group
Syney Electric
Sicher Elevator Co., Ltd
SJEC
Hangzhou XiOlift
Shanghai Edunburgh Elevator
Suzhou Diao
Meilun Elevator
IFE ELEVATORS
Joylive Elevator Co., Ltd
Dongnan Elevator
General Elevator Co., Ltd
Delta Elevator Co Ltd
AVT Beckett
Stannah Lifts Holdings Ltd
McKinley Elevator Corporation
Johnson Lifts
Haushahn GmbH
Samsung Elevator (HIGHEL)
Shenlong Elevator Co., Ltd
Key Questions Addressed in this Report
What is the 10-year outlook for the global Elevator and Escalator market?
What factors are driving Elevator and Escalator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Elevator and Escalator market opportunities vary by end market size?
How does Elevator and Escalator break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow-moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
This article only counts elevator sales and does not include services.
Elevators and escalators are indispensable vertical transportation tools in modern buildings. They serve different scenarios with their high efficiency and safety. Elevators use closed cabins to achieve precise stops between floors. They are widely used in high-rise residential buildings, office buildings, hospitals and other scenarios. The core technology lies in the traction system (wire rope/carbon fiber cable) and intelligent group control algorithm. The speed ranges from 1m/s for residential elevators to ultra-high speeds of more than 20m/s. Escalators use a circular staircase structure to achieve continuous transportation of people. They are commonly found in subways, shopping malls and airports. The core lies in the chain drive system and anti-pinch design. The operating speed is fixed at 0.5-0.75m/s, taking into account both efficiency and safety.
The global market is dominated by six major international brands: Otis (USA), KONE (Finland), Schindler (Switzerland), ThyssenKrupp (Germany), Mitsubishi Electric and Hitachi (Japan). The top 5 companies have a total share of about 60%. These companies build their moats with technological barriers, such as ThyssenKrupp's MULTI magnetic levitation elevator (cableless multi-directional operation) and KONE's UltraRope carbon fiber traction technology (reducing energy consumption and building load-bearing capacity). Chinese local companies such as Canny Elevator, SJEC, Guangzhou Guangri Elevator, Shenyang Yuanda Intellectual Industry Group, etc., seize the low-end and mid-end markets through cost-effective advantages and expand their market share by leveraging the "old renovation" policy.
LP Information, Inc. (LPI) ' newest research report, the “Elevator and Escalator Industry Forecast” looks at past sales and reviews total world Elevator and Escalator sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator and Escalator sales for 2025 through 2031. With Elevator and Escalator sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator and Escalator industry.
This Insight Report provides a comprehensive analysis of the global Elevator and 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 Elevator and Escalator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator and Escalator market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator and 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 Elevator and Escalator.
This report presents a comprehensive overview, market shares, and growth opportunities of Elevator and Escalator market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Elevator (Vertical)
Escalator
Moving Walkway
Segmentation by Application:
Residential
Commercial Buildings
Rail Transit
Schools & Hospital
Airports
Industrial
Others
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 analysing the company's coverage, product portfolio, its market penetration.
Otis
Schindler Group
ThyssenKrupp
Kone
Mitsubishi Electric
Toshiba
Hitachi (Yungtay)
Fujitec
Hyundai
Kleemann
Canny Elevator
Volkslift GmbH
Guangzhou Guangri Elevator
Shenyang Yuanda Intellectual Industry Group
Syney Electric
Sicher Elevator Co., Ltd
SJEC
Hangzhou XiOlift
Shanghai Edunburgh Elevator
Suzhou Diao
Meilun Elevator
IFE ELEVATORS
Joylive Elevator Co., Ltd
Dongnan Elevator
General Elevator Co., Ltd
Delta Elevator Co Ltd
AVT Beckett
Stannah Lifts Holdings Ltd
McKinley Elevator Corporation
Johnson Lifts
Haushahn GmbH
Samsung Elevator (HIGHEL)
Shenlong Elevator Co., Ltd
Key Questions Addressed in this Report
What is the 10-year outlook for the global Elevator and Escalator market?
What factors are driving Elevator and Escalator market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Elevator and Escalator market opportunities vary by end market size?
How does Elevator and Escalator break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
195 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Elevator and Escalator by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Elevator and Escalator by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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