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Escalators and Moving Walkways Market Report, 2026-2033GVR Report cover
Escalators And Moving Walkways Market (2026 - 2033)
Size, Share & Trends Analysis Report By Product (Escalators, Moving Walkways), By Business (New Equipment, Maintenance, Modernization), By Application, By Region, And Segment Forecasts
Market Size, 2025
$14.1BMarket Estimate, 2026
$14.8BMarket Forecast, 2033
$22.0BCAGR, 2026–2033
5.8%Escalators And Moving Walkways Market Summary
The global escalators and moving walkways market size was valued at USD 14.1 billion in 2025 and is projected to grow from USD 14.8 billion in 2026 to USD 22.0 billion by 2033, at a CAGR of 5.8% from 2026 to 2033. Asia Pacific dominated the escalators and moving walkways market with the largest revenue share of 41.8% in 2025. Factors such as changing lifestyles, urbanization, and the growing preference for public transportation are likely to drive the demand for escalators & moving walkways.
Source: Grand View Research, IR Documents, Primary Interviews, Paid DatabasesTo learn more about this report,
Download Free Sample Report Key Market Trends & Insights
- By product: Escalators segment held the largest market share of 80.0% in 2025.
- By business: New equipment segment held the largest market share of 47.2% in 2025.
- By application: Retail segment held the largest market share of 31.0% in 2025.
Regional Highlights
- Largest regional market: Asia Pacific (41.8% revenue share, 2025)
- By country: China held the largest market share in 2025.
Market Size & Forecast
- Market size in 2025: USD 14.1 billion
- Estimated market size in 2026: USD 14.8 billion
- Projected market size by 2033: USD 22.0 billion
- CAGR (2026-2033): 5.8%
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In addition, the increasing demand for convenience and safety in public transportation is also anticipated to boost the market demand over the forecast period. The technological advancements in the industry also remain a promising trend for future growth. Companies are investing in research and development to develop energy-efficient and safe escalators and moving walkways. Modular construction is used to construct permanent and temporary structures such as schools, camps, public amenities, and military and industrial installations. The growing demand for modular buildings in rural and distant places will most likely drive the lift and escalator industry in the United States. This modular construction technology is gaining traction in the region and will be used more frequently in the future as compared to traditional approaches. For instance, CitizenM inaugurated the Los Angeles Downtown Hotel in 2021. This 315-room, 11-story hotel was built in collaboration with BLVD Hospitality and is notable for its use of modular construction.
To learn more about this report, Download Free Sample Report Population expansion is raising the demand for low-cost homes. As people's lifestyles change, more people are with smaller families or living alone, fueling the growth of the residential construction industry. As a result, the growing number of commercial and residential building permits is becoming a significant element in the growth of the escalators and moving walkways market across the globe. For instance, the U.S. is witnessing residential construction projects, including D.R. HORTON Lennar Corp, Pulte Group, NVR, Taylor Masion, and commercial construction projects, including Amazon Headquarters, Samsung Chip Factory, California High-Speed Rail, Texas Bullet Rail, among others, thereby boosting the need for the escalators and moving walkways.
Market Dynamics
The escalators and moving walkways market is driven by a convergence of regulatory frameworks, infrastructure development, technological evolution, and macroeconomic dynamics that collectively shape demand patterns and investment decisions. Stringent safety, accessibility, fire protection, and building code requirements continue to govern system specifications and modernization mandates, particularly across high-traffic public and commercial environments. Sustained urbanization, coupled with large-scale investments in metro rail networks, airports, commercial real estate, and transit-oriented infrastructure, remains a primary demand catalyst, while ongoing refurbishment and replacement of aging installations in mature markets ensure steady aftermarket activity.
The escalators and moving walkways market is driven by sustained urbanization and large-scale infrastructure development across global economies. Expanding investments in metro rail systems, airports, commercial real estate, and integrated transit-oriented developments are significantly increasing the deployment of automated passenger mobility solutions in high-density environments. The ongoing shift toward vertical urban growth and high-footfall public spaces continues to reinforce the structural demand for efficient intra-building and inter-level transportation systems.
Additionally, the gradual replacement and modernization of legacy installations, particularly in developed regions, is contributing to steady market expansion. Growing regulatory focus on passenger safety, accessibility compliance, and operational reliability is further accelerating system upgrades and new installations. Improvements in system design, durability, and operational efficiency are also supporting wider adoption across evolving infrastructure projects.
The market is constrained by significant capital expenditure requirements associated with installation, engineering integration, and lifecycle maintenance of escalators and moving walkways. The inclusion of advanced safety systems, customization requirements, and compliance with stringent regulatory standards further elevates overall project costs, limiting adoption in budget-constrained developments and low-traffic applications.
Market performance remains closely tied to construction and real estate investment cycles, resulting in demand volatility. Delays or slowdowns in infrastructure funding, commercial construction activity, and real estate development can directly impact procurement timelines and project execution, leading to uneven market growth patterns across regions.
The increasing integration of digital technologies within building infrastructure is creating new growth opportunities for intelligent escalators and moving walkway systems. The adoption of IoT-enabled monitoring, predictive maintenance frameworks, and automated performance optimization is enhancing operational efficiency, safety management, and asset lifecycle performance, thereby driving demand for advanced solutions.
Simultaneously, rising emphasis on energy efficiency and sustainable construction practices is accelerating the transition toward low-consumption and environmentally optimized mobility systems. Expanding urban infrastructure development in emerging economies, coupled with modernization initiatives in mature markets, continues to generate significant opportunities for both new installations and retrofit projects.
Analyst Perspective
The escalators and moving walkways market is primarily driven by structural urbanization trends, expansion of mass transit networks, and growth in high-density commercial and mixed-use developments across global cities. Demand is concentrated in high-footfall infrastructure such as metro systems, airports, and large commercial hubs, where efficient passenger flow and space optimization are critical functional requirements. A significant share of market activity is also supported by replacement and modernization cycles, particularly in developed economies where aging installations are being upgraded to improve safety compliance, operational efficiency, and energy performance. Technological evolution is further reshaping the market, with increasing adoption of smart monitoring systems, predictive maintenance, regenerative drive technologies, and IoT-enabled performance optimization, enhancing reliability and lifecycle management.
Product Insights
“The demand for the escalators product segment is expected to grow at a significant CAGR of 5.8% from 2026 to 2033 in terms of revenue.”
Based on product, the escalators segment led the market with the largest revenue share of 80.0% in 2025. Escalators are mobile staircases that transport users between two floors of a building or other structure. Escalators are typically made up of interlocking steps propelled by an electric motor. An escalator's steps move easily due to a chain and gear mechanism. Its entire mechanism is housed in a series of trusses that connect the floors. Escalators are widely used across several verticals, such as commercial places, industrial, and residential. They are commonly found in metro stations, office buildings, railway stations, hospitals, residential complexes, airports, malls, and schools. The installation of escalators and elevators in high-rise and mid-rise buildings has become mandatory in many places, assisting the construction sector to gain momentum.
As moving walkways are the most economical, secure, comfortable, and quick means for transmitting people, their installation in a variety of business and residential settings is expected to drive market demand in the upcoming years. Rapid urbanization, swift advancement in the building & construction industry, and increasing living standards are the primary factors boosting the growth of the moving walkways product segment. Moreover, an increasing number of shopping centers, train stations, airports, and subway stations are expected to accelerate the growth of the moving walkways product segment in the upcoming years.
Business Insights
“The demand for the maintenance business segment is expected to grow at a significant CAGR of 6.3% from 2026 to 2033 in terms of revenue.”
Based on business, the new equipment segment led the market with the largest revenue share of 47.2% in 2025. New equipment, such as escalators & moving walkways, are mostly built while constructing new infrastructure. The growth of this segment is due to factors such as increased construction activity in developing economies, growth of business hubs, and new construction of malls, airports, offices, and others. For instance, the Navi Mumbai International Airport project involves the construction of an international airport on 1,160 hectares of land near India.
Maintenance of moving walkways consists of replacing, repairing, and maintaining the walkways regularly to prevent them from becoming dysfunctional and halting operations unexpectedly. Furthermore, maintenance is essential to ensure the proper operation of the walkways and to prevent potential inconvenience or injury to travelers while utilizing the facility. For instance, Jackson, a manufacturer, replaced six escalators in Shrewsbury's Darwin Shopping Centre. The renovation required Jackson to dismantle 6 escalators and install 2, 70ft long escalators that service Shrewsbury Centre’s bus stops and pedestrian area.
Application Insights
“The demand for the airports segment is expected to grow at a significant CAGR of 6.3% from 2026 to 2033 in terms of revenue.”
Based on application, the retail segment led the market with the largest revenue share of 31.0% in 2025. Elevators are a typical necessity in all residential structures and public institutions, allowing passengers and commodities to move. Escalators & moving walkways have also become a vital aspect of urban life as escalators are used whenever elevation change is required and allow pedestrians to navigate with ease. For instance, the KONE TransitMaster 120 is a long-lasting, environmentally friendly escalator designed specifically for transportation centers. Even in the most congested traffic, it offers a smooth, safe, and pleasant experience for passengers.
To learn more about this report, Download Free Sample Report The airport application segment is likely to grow at a significant CAGR over the forecast period. The rise of the airport escalators and moving walkway systems sector is being driven by an increase in the number of air travelers at airports. Furthermore, many airports are expanding their existing infrastructure, which will fuel the rise of airport escalators and moving walkway systems.
Regional Insights
North America escalators & moving walkways market accounted for 12.3% of the global revenue in 2025. The demand for escalators and moving walkways in North America is driven by urbanization and the growth of public transit systems. Cities such as New York and Chicago are enhancing their transit hubs with escalators to improve accessibility. Shopping malls and airports are also investing in moving walkways to streamline passenger movement. Innovations in energy efficiency are further encouraging upgrades. The market is projected to grow as infrastructure projects expand.
U.S. Escalators And Moving Walkways Market Trends
The escalators & moving walkways market in the U.S. is expected to grow at a CAGR of 4.5% from 2026 to 2033. In the U.S., escalators are increasingly used in high-rise buildings and commercial spaces. For example, major retailers like Macy's utilize escalators to enhance customer experience. The rise in smart buildings is driving demand for advanced escalator systems. Public transport authorities are also focusing on accessibility, installing escalators in subway stations. Federal regulations supporting safety standards are influencing new installations.
Canada escalators and moving walkways market is expected to grow at a CAGR of 4.9% from 2026 to 2033. Canada's demand for escalators and moving walkways is largely driven by the growth of urban centers like Toronto and Vancouver. Infrastructure investments are leading to modernized transit systems that include escalators in stations. Shopping centers are also incorporating moving walkways to facilitate movement. The trend toward sustainable building practices is promoting eco-friendly escalator technologies. Government initiatives aimed at improving public transport are further fueling market growth.
The escalators and moving walkways market in Mexico is expected to grow at a CAGR of 6.2% from 2026 to 2033. In Mexico, the increasing urban population is creating a greater need for escalators in public transportation and commercial buildings. Metro systems in cities such as Mexico City are expanding, necessitating more escalators for passenger flow. Shopping malls are also integrating moving walkways to enhance customer convenience. The government’s focus on infrastructure development is driving investments in these systems. A rise in tourism is encouraging hotels to adopt escalators for improved accessibility.
Europe Escalators And Moving Walkways Market Trends
The escalators & moving walkways market in Europe held a share of 29.8% in 2025. Across Europe, escalators & moving walkways are vital for enhancing mobility in densely populated areas. Countries like France and Italy are modernizing transport hubs with escalators to improve passenger experience. Shopping centers are increasingly featuring moving walkways to facilitate seamless navigation. The emphasis on sustainability is pushing for greener escalator technologies. Public funding for infrastructure projects is also boosting market growth.
Germany escalators and moving walkways market held an 18.2% share of the European market. Germany exhibits strong demand for escalators & moving walkways, particularly in urban areas with extensive public transport networks. Cities like Berlin are upgrading their metro systems, incorporating more escalators for accessibility. Shopping complexes also embrace moving walkways to ease foot traffic. Environmental regulations are encouraging the use of energy-efficient escalators. The trend towards smart city initiatives is further influencing demand for advanced systems.
The escalators and moving walkways market in the UK held a 16.7% share in the European market. In the UK, the demand for escalators is rising due to ongoing infrastructure projects in cities like London. The Transport for London initiative is installing escalators in various underground stations for better accessibility. Retail spaces are utilizing moving walkways to improve customer flow in large stores. Government investments in public transport systems are driving the installation of modern escalators. Safety regulations are also shaping new designs and technologies.
Asia Pacific Escalators And Moving Walkways Market Trends
Asia Pacific dominated the escalators and moving walkways market with the largest revenue share of 41.8% in 2025. The Asia Pacific region is experiencing significant growth in escalator & moving walkway demand, driven by rapid urbanization. Countries like Japan are leading in advanced escalator technologies, particularly in high-density areas. Airports in the region are increasingly adopting moving walkways for passenger convenience. Urban transit systems are expanding, necessitating more escalators in stations. The region’s booming construction sector is further fueling demand for these systems.
To learn more about this report, Download Free Sample Report The escalators and moving walkways market in China held the largest share in the Asia Pacific region in 2025. China is witnessing an explosion in demand for escalators, particularly in major cities like Shanghai and Beijing. The rapid expansion of urban metro systems is driving escalator installations in stations. High-rise buildings are increasingly equipped with escalators to accommodate large populations. Shopping malls are also adopting moving walkways to enhance customer experience. Government infrastructure initiatives are supporting this robust market growth.
The escalators and moving walkways market in India is expected to grow at a CAGR of 8.9% from 2026 to 2033. In India, the demand for escalators is growing rapidly, especially in urban transport and commercial sectors. Cities like Mumbai and Delhi are modernizing metro systems with escalators for better accessibility. Shopping malls and airports are integrating moving walkways to facilitate movement. Government initiatives to improve infrastructure are fueling this trend. The construction of smart cities is also promoting advanced escalator technologies.
Middle East & Africa Escalators And Moving Walkways Market Trends
The escalators and moving walkways market in the Middle East and Africa is witnessing an increase due to rapid urban development. In cities like Dubai, the focus on luxury shopping malls is driving the installation of moving walkways. Public transport expansions, such as metro systems, are incorporating escalators for enhanced passenger flow. Infrastructure investments in various African nations are also contributing to market growth. The emphasis on modernization in the region supports new escalator technologies.
Latin America Escalators And Moving Walkways Market Trends
The escalators & moving walkways market in Latin America accounted for a market share of 7.5% in 2025. In Latin America, the demand for escalators is on the rise, particularly in urban centers. Cities like São Paulo are expanding public transport systems, necessitating more escalators in metro stations. Shopping malls are adopting moving walkways to improve customer experience. Infrastructure development funded by government projects is fueling market growth. The increase in urban population is driving the need for efficient mobility solutions.
Brazil escalators and moving walkways market held a 43.0% share in the Latin American market. Brazil shows a growing demand for escalators, especially in metropolitan areas like Rio de Janeiro and São Paulo. The expansion of public transit systems is leading to the installation of escalators in key stations. Retail spaces are increasingly incorporating moving walkways to enhance shopper convenience. Government initiatives to improve urban infrastructure are supporting this trend. The rise in tourism is also prompting hotels to invest in escalator systems for accessibility.
Key Escalators And Moving Walkways Company Insights
Some of the key players operating in the escalators & moving walkways market include KONE Corporation, Otis Worldwide Corporation, and Schindler Group.
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TK Elevators, a global leader in the elevator and escalator industry, is renowned for its innovative solutions and commitment to quality and safety. Originally part of Thyssenkrupp AG, TK Elevators became an independent entity in 2020 and has since focused on enhancing mobility in urban environments. The company offers a wide range of products, including elevators, escalators, and moving walkways, designed for both residential and commercial applications.
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Schindler Group is a prominent player in the elevator and escalator industry, with a rich history dating back to 1874. Headquartered in Switzerland, Schindler operates in over 100 countries, providing a comprehensive range of mobility solutions that cater to various sectors, including residential, commercial, and industrial. The company is recognized for its innovative technology and commitment to enhancing urban mobility, offering products that prioritize safety, efficiency, and sustainability. Schindler's dedication to digital transformation is evident in its smart solutions that leverage IoT and data analytics to optimize maintenance and improve user experience, positioning the company as a forward-thinking leader in the industry.
Gulf Elevator and Escalator Co. Ltd. and Stannah are some of the emerging players in the escalators & moving walkways market.
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Gulf Elevator and Escalator Co. Ltd. is a prominent provider of vertical transportation solutions in the Middle East, specializing in the manufacturing, installation, and maintenance of elevators and escalators. Established in the early 1990s, the company has built a strong reputation for quality and innovation, catering to a diverse clientele that includes commercial, residential, and industrial sectors. With a focus on advanced technology and safety standards, Gulf Elevator aims to enhance mobility solutions across various infrastructure projects in the region.
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Stannah is a renowned British company with over 150 years of experience in the lift and escalator industry, specializing in vertical transportation solutions tailored to meet the needs of residential, commercial, and public spaces. The company is known for its commitment to quality, safety, and innovation, offering a wide range of products, including stairlifts, platform lifts, and passenger elevators. Stannah emphasizes customer service and bespoke solutions, ensuring that their products enhance accessibility and mobility for all users. Their legacy of engineering excellence has established them as a trusted name in the global market.
Key Escalators And Moving Walkways Companies:
The following key companies have been profiled for this study on the escalators and moving walkways market.
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KONE Corporation
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Otis Worldwide Corporation
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Schindler Group
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TK Elevators
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FUJITEC CO., LTD
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Toshiba Corporation
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HYUNDAI ELEVATOR CO., LTD
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Sigma Elevator Company
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Kleemann Hellas SA.
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ThyssenKrupp AG
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Stein Ltd
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Sicher Elevator Co., Ltd.
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Mitsubishi Electric Corp.
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Gulf Elevator and Escalator Co. Ltd.
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Stannah
Competitive Benchmarking
Category
Operating Strategies
Competitive Edge
Weakness
Established Players (e.g., KONE Corporation; Otis Worldwide Corporation; Schindler Group; TK Elevators; Mitsubishi Electric Corporation; Fujitec Co., Ltd.; Toshiba Corporation)
- Provide integrated vertical transportation systems including escalators, moving walkways, and elevators across global markets
- Invest heavily in digital ecosystems such as predictive maintenance, IoT-enabled monitoring, and smart building integration
- Focus on large-scale infrastructure projects including metro rail systems, airports, commercial complexes, and urban transit hubs
- Strong global brand reputation and leadership in vertical mobility industry
- Extensive installed base generating stable long-term service and maintenance revenue
- Strong technological leadership supported by high R&D investment and innovation capabilities
- Premium pricing structure limits in cost-sensitive and emerging markets
- High dependence on cyclical infrastructure and construction investment trends
- Longer procurement cycles and complex project execution timelines
Emerging & Regional Players (e.g., Hyundai Elevator Co., Ltd.; Sigma Elevator Company; Sicher Elevator Co., Ltd.; Kleemann Hellas SA; Stein Ltd; Stannah Lifts Holdings Ltd; Gulf Elevator and Escalator Co. Ltd.)
- Offer cost-efficient escalator and moving walkway solutions tailored for regional infrastructure and mid-scale commercial projects
- Emphasize retrofit projects, maintenance services, and replacement-driven demand in aging infrastructure
- Expand through localized manufacturing bases and strong distributor/OEM partnerships across emerging markets
- Strong cost competitiveness enabling penetration in price-sensitive markets
- High flexibility in customization for project-specific and regional requirements
- Faster execution and responsiveness compared to global OEMs in local markets
- Limited global footprint and lower brand recognition in international markets
- Lower investment in advanced digital platforms and next-generation technologies
- Restricted access to mega infrastructure projects such as global metro and airport developments
Recent Developments
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In March 2024, Stannah released a new range of access lifts for commercial and residential projects. The new lifts offer more options, cabin sizes, finishes, and accessories.
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In March 2024, Sigma Elevator Company launched the ACRA 2.0 and Solon 2.0 elevators for low- to mid-rise buildings. The elevators have compact designs that allow for greater efficiency and architectural flexibility.
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In April 2023, Mitsubishi Electric Corporation announced the acquisition of Norway-based UNIHEIS AS. The acquisition aimed to fulfill the rising demand for elevators and escalators in the European Market.
Escalators And Moving Walkways Market Report Scope
Report Attribute
Details
Market size in 2025
USD 14.1 billion
Estimated market size in 2026
USD 14.8 billion
Projected market size by 2033
USD 22.0 billion
Growth rate
CAGR of 5.8% from 2026 to 2033
Base year for estimation
2025
Historical data
2021 - 2024
Forecast period
2026 - 2033
Quantitative units
Revenue in USD billion and CAGR from 2026 to 2033
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Product, business, application, region
Regional scope
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scope
U.S.; Canada; Mexico; Germany; France; U.K.; Italy; Spain; China; Japan; India; South Korea; Australia; Malaysia; Indonesia Brazil; Argentina; South Africa; UAE; Saudi Arabia
Key companies profiled
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
Customization scope
Free report customization (equivalent up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options
Global Escalators And Moving Walkways Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global escalators and moving walkways market report on the basis of product, business, application, and region:
To learn more about this report, Download Free Sample Report -
Product Outlook (Revenue, USD Million, 2021 - 2033)
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Escalators
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Parallel
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Multi-parallel
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Others
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Moving Walkways
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Business Outlook (Revenue, USD Million, 2021 - 2033)
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New Equipment
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Maintenance
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Modernization
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Application Outlook (Revenue, USD Million, 2021 - 2033)
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Escalators & Moving Walkways
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Retail
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Public Transit
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Airports
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Institution
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Others
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Escalators
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Retail
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Public Transit
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Airports
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Institution
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Others
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Moving Walkways
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Retail
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Public Transit
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Airports
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Institution
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Others
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Regional Outlook (Revenue, USD Million, 2021 - 2033)
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North America
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U.S.
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Canada
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Mexico
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Europe
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Germany
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France
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Italy
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Spain
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UK
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Asia Pacific
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China
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Japan
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India
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South Korea
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Australia
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Malaysia
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Indonesia
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Latin America
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Brazil
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Argentina
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Middle East & Africa
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Saudi Arabia
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UAE
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South Africa
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Research Methodology
The escalators and moving walkways market figures in this report are based on a proven research process that combines executive interviews with secondary research from proprietary databases, company filings, and recognized regulatory and institutional sources. Market size is built through value-chain sizing - reconciling supply-side and demand-side estimates - and triangulated with bottom-up and top-down approaches. Every estimate passes multiple levels of expert validation before publication, with each escalators and moving walkways segment quantified using the revenue-capture definitions in the table below.
Segment Definition
Segment - Product
Revenue Capture Definition
Escalators
This segment captures revenue generated from the sale and installation of motorized stairway systems designed to transport passengers continuously between different building levels. It encompasses multiple system configurations, including parallel, multi-parallel, and customized installations tailored to architectural and capacity requirements.
Moving Walkways
This segment captures revenue generated from the sale and installation of horizontal or inclined moving walkway systems that transport passengers across relatively long distances.
Segment - Business
Revenue Capture Definition
New Equipment
This segment accounts for revenue generated from end-to-end delivery of new escalators and moving walkway systems for greenfield construction projects. It includes engineering, manufacturing, installation, and commissioning activities aligned with infrastructure development across commercial, transit, airport, institutional, and retail sectors.
Maintenance
This segment comprises recurring revenue derived from scheduled service, inspection, fault repair, and operational support of installed systems. It is driven by the need to ensure regulatory compliance, system uptime, and safe passenger operation across diverse applications.
Modernization
This segment captures revenue from the enhancement and refurbishment of existing installations to improve performance standards, energy efficiency, and safety compliance. Demand is primarily influenced by aging infrastructure replacement cycles and evolving regulatory benchmarks.
Segment - Application
Revenue Capture Definition
Retail
This segment captures revenue generated from escalators and moving walkways installed in shopping malls, supermarkets, department stores, retail complexes, wholesale centers, and mixed-use commercial developments to facilitate customer movement between floors and across large retail spaces.
Public Transit
This segment includes revenue generated from installations within metro stations, railway stations, bus terminals, and other public transportation facilities that support continuous passenger movement and high traffic volumes.
Airports
This segment captures revenue generated from passenger transportation systems installed across airport terminals, concourses, security checkpoints, baggage claim areas, and connecting corridors to improve passenger mobility and operational efficiency.
Institution
This segment includes revenue generated from installations in hospitals, educational institutions, government buildings, convention centers, museums, libraries, sports complexes, and other public or institutional facilities requiring efficient vertical or horizontal passenger transportation.
Others
This segment captures revenue generated from installations across hotels, office buildings, entertainment venues, residential mixed-use developments, industrial facilities, exhibition centers, religious buildings, and other applications not classified under the above categories.
Estimation Model
Layer Name
Key Question
Description
Infrastructure Development Demand Layer
Which facilities form the addressable market?
Analyze demand across commercial buildings, public transportation infrastructure, airports, shopping malls, metro stations, railway stations, hotels, hospitals, and mixed-use developments. Assess urbanization trends, passenger traffic, and vertical mobility requirements to establish the addressable demand base.
Construction & Transportation Investment Layer
Where is new equipment demand being created?
Evaluate investments in commercial real estate, airport expansion, metro rail projects, railway modernization, retail developments, and smart city initiatives. Assess greenfield construction, redevelopment projects, and infrastructure upgrades that generate demand for new escalators and moving walkways.
Equipment Adoption Layer
Which escalator and moving walkway systems are being deployed?
Segment demand by equipment type (Escalators and Moving Walkways), business (New Equipment, Maintenance, Modernization), and application. Apply adoption rates based on passenger traffic, building type, space availability, accessibility requirements, and energy efficiency standards.
Revenue Conversion Layer
How much market revenue is generated?
Estimate annual installations and modernization demand by equipment type, application, and region. Quantify revenues generated from new equipment installations, maintenance contracts, and modernization projects across commercial and public infrastructure applications to derive the total market value.
Delivered Customizations
This report has been delivered with the following In-depth customizations
Client Request
Customization Delivered
Value Adds
Competitive Benchmarking
Benchmarked leading escalator and moving walkway manufacturers based on product portfolio breadth, service network strength, technological capabilities, infrastructure project experience, geographic presence, and strategic market positioning, while distinguishing global OEMs from regional competitors.
Provided a comprehensive view of the competitive landscape, enabling the client to assess market positioning, identify competitive differentiators, and evaluate potential partnership or acquisition targets.
Regional Segmentation
Enhanced regional analysis by assessing urbanization trends, mass transit infrastructure investments, commercial construction activity, airport development, modernization requirements, and installed base growth across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Enabled identification of high-growth regional markets, infrastructure investment hotspots, and modernization opportunities, supporting expansion planning and resource allocation decisions.
Opportunity assessment
Evaluated emerging growth opportunities across metro and rail networks, airport expansion projects, smart city initiatives, commercial real estate developments, retrofit and modernization demand, and digitally enabled maintenance solutions.
Helped prioritize high-potential revenue streams and investment areas by identifying segments with favorable growth prospects, increasing infrastructure spending, and strong long-term adoption potential.
Frequently Asked Questions About This Report
The Asia Pacific escalators and moving walkways market dominated in 2025, accounting for 41.8% of global revenue, driven by extensive urbanization, large-scale metro and airport infrastructure projects, and sustained investments in commercial and mixed-use developments across China, India, and Southeast Asia.
The Asia Pacific escalators and moving walkways market is projected to expand at the fastest CAGR from 2026 to 2033, supported by the rapid expansion of smart city initiatives, the rising construction of high-rise buildings, and the increasing demand for efficient passenger mobility solutions in densely populated urban centers.
The retail application segment dominated the market in 2025 with a revenue share of 31.0%, supported by the global expansion of organized retail infrastructure, growing investments in premium shopping destinations, and higher passenger throughput requirements in large commercial complexes.
The new equipment segment held the largest market share in 2025, accounting for 47.2% of revenue, driven by strong investments in new commercial, transportation, and mixed-use infrastructure projects, particularly across rapidly urbanizing economies where vertical mobility systems are integrated during the construction phase.
The global escalators and moving walkways market size was estimated at USD 14.1 billion in 2025 and is expected to reach USD 14.8 billion in 2026.
The global escalators and moving walkways market, in terms of revenue, is expected to grow at a compound annual growth rate of 5.8% from 2026 to 2033 to reach USD 22.0 billion by 2033.
The escalators product segment led the market and accounted for 80% of the global revenue share in 2025. Elevators are a typical necessity in all residential structures and public institutions, allowing passengers and commodities to move. Escalators & moving walkways have also become a vital aspect of urban life as escalators are used whenever an elevation change is required and allow pedestrians to navigate with ease.
Some of the key players operating in the escalators and moving walkways market include 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.
The escalators and moving walkways market is driven by rapid urbanization, expanding public transportation networks, increasing construction of commercial and airport infrastructure, and rising investments in the modernization and upkeep of aging vertical mobility systems.
About the Author(s)
Advanced Interior Materials Research Team
Advanced Materials · Advanced Interior MaterialsThis report was authored by the advanced interior materials research team at Grand View Research - comprising two research analysts, one senior research analyst, and one industry expert - with specialized expertise in the advanced interior materials segment of the advanced materials industry. All findings are based on proprietary advanced materials databases, executive interviews, and regulatory analysis, subject to internal peer review prior to publication.
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