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Escalators and Moving Walkways Market Size, Value And Growth Trajectory Through 2030
The market for escalators and moving walkways has seen robust growth over recent years. This sector is forecast to expand from $19.13 billion in 2025 to $20.25 billion in 2026, achieving a compound annual growth rate (CAGR) of 5.9%. The historical period’s growth can be attributed to several factors: the expansion of urban infrastructure projects, an increase in airport and metro construction, rising installations in shopping malls, a greater emphasis on public safety standards, and the availability of durable mechanical systems.
The escalators and moving walkways market is poised for robust expansion in the coming years. Its valuation is projected to reach $25.52 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.0%. This anticipated growth during the forecast period stems from several factors, including escalating investments in smart transportation hubs, a burgeoning demand for energy-efficient vertical mobility solutions, widespread airport terminal modernization initiatives, the increasing uptake of predictive maintenance technologies, and a growing urban population density. Key trends anticipated during this period involve a surge in the installation of energy-efficient escalator systems, the wider implementation of smart monitoring and control solutions, an elevated demand for heavy-duty walkways in airport environments, the proliferation of retrofit and modernization ventures, and a heightened emphasis on ensuring passenger safety.
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Escalators and Moving Walkways Market Development Factors: What’s Supporting Demand?
Increased government investment in infrastructure is anticipated to fuel the expansion of the escalators and moving walkaways market in the future. Such infrastructure development boosts demand for the construction of transportation hubs, modernized public spaces, and urban mobility projects. Government regulations, economic growth, sustainability initiatives, and public safety considerations additionally contribute to this growth, making escalator and moving walkaway systems essential for accessible, safe, and efficient urban environments. For instance, in February 2024, the Infrastructure and Projects Authority, a UK-based government agency, indicated that the planned investment of £164 ($214.18) billion in major infrastructure and construction projects for 2024/25 exceeds that of 2023/24. Over the next decade, total projected investments are estimated to reach between £700 ($914.16) billion and £775 ($1012.11) billion. Therefore, the rising government funding for infrastructure development is driving the growth of the escalators and moving walkaways market.
Escalators and Moving Walkways Market Segment Landscape And Growth Outlook
The escalators and moving walkways market covered in this report is segmented –
1) By Product: Escalators, Moving Walkways
2) By Installation: New Installation, Refurbishment
2) By Application: Public Transit, Airport, Retail, Institutional, Other Applications
Subsegments:
1) By Escalators: Commercial Escalators, Industrial Escalators
2) By Moving Walkways: Horizontal Moving Walkways, Inclined Moving Walkways
Escalators and Moving Walkways Market Transformation Trends: What Innovations Are Driving Change?
Major companies operating in the escalators and moving walkways market are increasingly focusing on developing technological advancements to enhance the ride experience, optimize operational efficiency, and improve predictive maintenance capabilities. For instance, in August 2024, Otis Elevator Sdn Bhd, a transport company based in Malaysia, introduced its Gen3™ digitally-connected elevator, specifically designed to elevate the lift-riding experience through advanced connectivity functionalities. The Gen3 integrates seamlessly with the Otis ONE IoT digital platform, enabling real-time monitoring of equipment health and performance for proactive maintenance and reduced operational downtime. Engineered for various building types, including residential, commercial, and medical facilities, the Gen3 is available in both machine room and machine-roomless configurations. Its key innovations include the Otis eView display for infotainment, Compass 360 technology for optimized travel efficiency, and energy-saving features like LED lighting and regenerative drives. By leveraging digital connectivity and intelligent design, the Gen3 elevator ultimately enhances passenger experience while simultaneously improving operational efficiency and sustainability.
Escalators and Moving Walkways Market Competitive Landscape: Who Leads The Industry?
Major companies operating in the escalators and moving walkways market are KONE Oyj, Otis Elevator Company, Schindler Group, Mitsubishi Electric Corporation, Fujitec Co. Ltd., ThyssenKrupp AG, Hyundai Elevator Co. Ltd., Toshiba Corporation, Hitachi Ltd., Canny Elevator Co. Ltd., Kleemann Hellas SA, Shanghai Mitsubishi Elevator Co. Ltd., Ningbo Xinda Group Co. Ltd., Sicher Elevator Co. Ltd., Shenyang Brilliant Elevator Co. Ltd., Hangzhou Xizi Elevator Co. Ltd., Suzhou Ostar Elevator Co. Ltd., Sodimas, Excel Elevator and Escalator Corp., Elevator Technology (Shenyang) Co. Ltd., Vintec Elevators Private Limited, Anlev Elex Elevator Co. Ltd.
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Escalators and Moving Walkways Market Geographic Landscape: Which Region Leads Industry Growth?
North America was the largest region in the escalators and moving walkway market in 2025. The regions covered in the escalators and moving walkways market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
