Escalators And Moving Walkways Market Size, Share & Trends Analysis Report By Product (Escalators, Moving Walkways), By Business (New Equipment, Maintenance, Modernization), By Application, By Region, And Segment Forecasts, 2025 - 2030

Market Size & Trends

The global escalators And moving walkways market size was estimated at USD 13.54 billion in 2024 and is anticipated to grow at a CAGR of 5.7% from 2025 to 2030. Factors such as changing lifestyles, urbanization, and the growing preference for public transportation are likely to drive the demand for escalators & moving walkways. 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.

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.

Drivers, Opportunities & Restraints

The market is primarily driven by urbanization and the rapid development of infrastructure in emerging economies. As cities grow and public spaces expand, there is an increasing demand for efficient vertical transportation solutions in commercial buildings, shopping malls, airports, and public transit systems. Additionally, advancements in technology, such as energy-efficient designs and smart escalators integrated with IoT, further propel market growth by enhancing safety and operational efficiency.

Despite growth potential, the market faces several restraints. High initial installation costs can deter some developers, especially in budget-sensitive projects. Moreover, ongoing maintenance and operational expenses can be significant, leading to concerns over long-term viability. Safety concerns, particularly in densely populated areas, along with potential malfunctions, may also hinder widespread adoption and consumer confidence.

The market presents significant opportunities through innovations in design and technology. Sustainable solutions, such as regenerative drives and low-energy systems, can attract environmentally conscious consumers and businesses. Additionally, the integration of advanced features like touchless controls and enhanced safety systems can meet the demands of a post-pandemic world. Growth in smart city initiatives and a focus on improving urban mobility further create a fertile landscape for development and investment in escalators and moving walkways.

Product Insights

“The demand for the escalators product segment is expected to grow at a significant CAGR of 5.8% from 2025 to 2030 in terms of revenue.”

Escalators led the market and accounted for 79.9% of the global revenue share in 2024. 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 2025 to 2030 in terms of revenue.”

The new equipment business segment led the market and accounted for 47.3% of the global revenue in 2024. 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 2025 to 2030 in terms of revenue.”

The public transit application segment led the market and accounted for 24.5% of the global revenue share in 2024. 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.

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 2024. 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 2025 to 2030. 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 2025 to 2030. 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 2025 to 2030. 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 2024. 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

The escalators & moving walkways market in Asia Pacific accounted for a market share of 41.5% in 2024. 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.

China escalators and moving walkways market held over 70.6% share in the Asia Pacific market. 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 2025 to 2030. 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 2024. 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.

• 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.

• 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.

• 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.

• 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.

Recent Developments

• 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.

• 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.

• 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

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 2018 to 2030. 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:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Escalators

    • Parallel

    • Multi-parallel

    • Others

  • Moving Walkways

• Business Outlook (Revenue, USD Million, 2018 - 2030)

  • New Equipment

  • Maintenance

  • Modernization

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Escalators & Moving Walkways

    • Retail

    • Public Transit

    • Airports

    • Institution

    • Others

  • Escalators

    • Retail

    • Public Transit

    • Airports

    • Institution

    • Others

  • Moving Walkways

    • Retail

    • Public Transit

    • Airports

    • Institution

    • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Malaysia

    • Indonesia

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa