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Escalators and Moving Walkways Market Expansion Outlook: What Revenue Opportunities Lie Ahead?
The escalators and moving walkways market size has demonstrated significant growth in recent years. It is anticipated to increase from $19.13 billion in 2025 to $20.25 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 5.9%. The expansion observed in the past can be attributed to several factors including the development of urban infrastructure projects, an uptick in airport and metro construction, more installations in shopping malls, an elevated focus on public safety standards, and the presence of durable mechanical systems.
The market for escalators and moving walkways is projected to experience substantial expansion over the upcoming years. This market is set to reach a size of $25.52 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.0%. Factors contributing to this growth during the forecast period include greater investments in intelligent transportation hubs, an increased need for energy-efficient vertical mobility solutions, the ongoing modernization of airport terminals, wider implementation of predictive maintenance technologies, and a growing density of urban populations. Key trends anticipated during the same period encompass the rising deployment of energy-saving escalator systems, broader integration of smart monitoring and control solutions, an increasing requirement for robust walkways within airports, a proliferation of retrofit and upgrade initiatives, and a heightened emphasis on ensuring passenger safety.
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#Escalators and Moving Walkways Market Growth Drivers And Industry Catalysts
Increased government investment in infrastructure development is anticipated to boost the escalators and moving walkaways market. This infrastructure expansion drives greater demand for constructing transportation hubs, modernized public spaces, and urban mobility projects. The market’s growth is further supported by government regulations, economic progress, sustainability initiatives, and public safety considerations, making escalator and moving walkaway systems essential for accessible, safe, and efficient urban environments. For example, in February 2024, the UK’s Infrastructure and Projects Authority reported a planned investment of £164 ($214.18) billion in major infrastructure and construction projects for 2024/25, exceeding the amount for 2023/24. Furthermore, over the next decade, total projected investments are estimated to reach between £700 ($914.16) billion and £775 ($1012.11) billion. Thus, the escalating government funding for infrastructure development is a key driver for the escalators and moving walkaways market.
Escalators and Moving Walkways Market Segment Performance And Strategic Opportunities
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 Industry Trends Shaping Future Revenue Growth
Companies operating within the escalators and moving walkways market are concentrating on creating technological advancements to elevate the ride experience, bolster operational efficiency, and improve predictive maintenance abilities. As an illustration, in August 2024, Otis Elevator Sdn Bhd, a transport company based in Malaysia, unveiled its Gen3™ digitally-connected elevator, which is engineered to refine the lift-riding experience through its sophisticated connectivity features. The Gen3 integrates seamlessly with the Otis ONE IoT digital platform, enabling continuous monitoring of equipment health and performance, which supports proactive maintenance efforts and minimizes downtime. Designed for a variety of building types, including residential, commercial, and medical facilities, the Gen3 is offered in both configurations that require a machine room and those that are machine-roomless. Its principal innovations encompass the Otis eView display for infotainment, Compass 360 technology for optimized travel efficiency, and energy-saving attributes like LED lighting and regenerative drives. By leveraging digital connectivity and intelligent design, the Gen3 elevator significantly enhances the passenger experience while simultaneously boosting operational efficiency and sustainability.
Escalators and Moving Walkways Market Key Players: Which Companies Shape Industry Competition?
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 Distribution And Regional Opportunities
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.
