Escalators & moving walkways market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). Escalators and moving walkways are transportation methods used to move people within a building or between different levels. Escalators are mechanized staircases that continuously move in a loop while moving walkways are horizontal conveyor belts that move people from one place to another. Escalators have a vertical direction, steps, capacity, speed, and use cases for moving people between floors or long distances.
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Rapid urbanization around the world is leading to the construction of new buildings, including shopping malls, airports, train stations, and office buildings. These buildings all require escalators and moving walkways to move people around efficiently. Therefore, the growing urbanization is likely to drive the demand for the global market. In November 2020, Mitsubishi Electric Corp. launched a new U series of escalators. This product launch aimed to provide comfort and safety to the passengers along with significant energy savings as compared to its previous models. Such product launches are expected to meet the growing market demand.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Escalators & Moving Walkways Market Report Segment
By Application
- Retail
- Public Transit
- Airports
- Institution
By Product
- Parallel Escalator
- Multi-Parallel Escalator
- Moving Walkaways
Global Escalators & Moving Walkways Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global escalators & moving walkways market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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