Escalators & Moving Walkways Market Outlook

The global escalators and moving walkways market is projected to reach USD 89.6 billion by 2035, growing at a CAGR of approximately 6.1% from 2025 to 2035. This growth is primarily driven by the rapid urbanization across developing countries, which has led to a surge in infrastructure development and the need for efficient vertical transportation solutions in both commercial and public areas. Furthermore, the increasing focus on accessibility for individuals with mobility challenges in public spaces has made escalators and moving walkways essential components of modern architectural designs. The technological advancements in these systems, aimed at improving energy efficiency and reducing maintenance costs, are also contributing to the growing adoption of escalators and moving walkways across various sectors. The rising demand for smart buildings equipped with advanced mobility solutions further supports the marketÔÇÖs expansion.

Growth Factor of the Market

Several key factors are propelling the escalators and moving walkways market forward. Firstly, the growing trend of urbanization worldwide is leading to the construction of high-rise buildings, shopping complexes, and other infrastructure projects that require effective vertical transportation systems. Additionally, the increasing awareness regarding energy efficiency and the incorporation of energy-saving technologies in escalators and moving walkways are attracting investments from building developers and operators, thereby fostering market growth. The demand for improved safety features, such as sensor technology and emergency braking systems, is also driving the market, as customers prioritize safety in their purchasing decisions. Government initiatives aimed at enhancing public transport systems are leading to significant investments in public transit infrastructure, which in turn boosts the demand for moving walkways and escalators. Lastly, the ongoing advancements in IoT and automation technologies are paving the way for the development of smart escalators and moving walkways, increasing their efficiency, user comfort, and overall appeal.

Key Highlights of the Market

• The market is projected to reach USD 89.6 billion by 2035.
• Expected CAGR of 6.1% from 2025 to 2035.
• Technological advancements are enhancing energy efficiency and safety features.
• Urbanization and infrastructure development are significant growth drivers.
• Smart buildings and accessibility initiatives are increasing demand.

By Product Type

Escalators:

Escalators are a key segment of the escalators and moving walkways market, designed to transport people between different floors or levels in buildings such as shopping malls, airports, and office buildings. These systems offer a convenient and efficient means of vertical transportation, especially in high-traffic areas where quick access is essential. The design of escalators has evolved over time, with modern escalators featuring advanced safety mechanisms, energy-efficient motors, and customizable designs to fit various architectural aesthetics. Furthermore, the increasing focus on enhancing user experience by incorporating features like smoother rides, noise reduction, and improved aesthetics is driving the demand for escalators in both new constructions and retrofitting projects. The rising trend of automated buildings equipped with smart technology is expected to fuel the growth of the escalator segment, as these systems can now be integrated with building management systems for improved operational efficiency.

Moving Walkways:

Moving walkways, also known as travelators, represent another crucial segment in the escalators and moving walkways market. These systems are designed to facilitate horizontal or slightly inclined transportation of individuals over longer distances, particularly in airports, railway stations, and large shopping centers. The growing need for efficient movement in such expansive spaces is significantly boosting the demand for moving walkways. They enhance the passenger experience by reducing walking time and providing a seamless transition between different transportation modes. The advancements in technology have led to the development of faster, quieter, and more energy-efficient models, which further attract operators and facility managers. Moreover, the increasing focus on accessibility for all, including individuals with disabilities, is driving the installation of moving walkways in public spaces, thus contributing positively to the market growth.

By Application

Commercial:

In the commercial segment, escalators and moving walkways are primarily used in retail spaces such as shopping malls, where they facilitate the movement of shoppers between different levels. The rising construction of multi-story retail establishments around the globe is a significant factor driving demand in this segment. Retailers are increasingly investing in escalators and moving walkways to enhance customer experience and increase foot traffic, as these systems allow for efficient flow and access to different store levels. Additionally, with the rise of e-commerce, brick-and-mortar stores are focusing on creating unique shopping experiences, which often include the installation of modern, aesthetically pleasing escalators and moving walkways. Furthermore, the push towards sustainability in commercial spaces is prompting the adoption of energy-efficient models, which comply with modern building regulations and sustainability goals.

Public Transit:

The public transit application of escalators and moving walkways is gaining significant traction as cities worldwide invest in improving their transportation infrastructure. Escalators are predominantly found in subway stations, railway stations, and airports, providing crucial vertical connectivity for commuters. The increasing urban population and the need for efficient mass transit systems are driving the demand for these systems. Additionally, government initiatives aimed at enhancing public transport facilities are leading to substantial investments in the installation of escalators and moving walkways in transit stations. These systems not only improve accessibility for individuals with disabilities but also streamline the flow of passengers, thus reducing congestion during peak hours. The growing emphasis on connectivity and the convenience of public transport options further supports the expansion of this application segment.

Residential:

In the residential application segment, escalators and moving walkways are becoming increasingly popular in luxury homes, multi-story apartments, and gated communities. The desire for convenience and accessibility in modern living spaces is driving homeowners and builders to consider these systems as essential elements in residential designs. Elevators and escalators are often integrated into new construction or remodeling projects to enhance mobility for all residents, particularly the elderly or those with limited mobility. Additionally, as architectural designs trend towards open spaces and multi-level living, escalators provide a stylish and functional solution for connecting different levels of a home. The growing trend of aging in place, where individuals prefer to remain in their homes as they age, is also contributing to the increasing adoption of escalators and moving walkways in residential settings.

By Speed

Low Speed:

Low-speed escalators and moving walkways are primarily designed for environments where traffic flow is steady and controlled, such as in shopping malls or airports. These systems typically operate at speeds of 0.5 to 0.75 meters per second, allowing for a comfortable ride and minimizing the risk of accidents. The demand for low-speed systems is driven by the need for safety and accessibility in high-traffic areas, where users may be carrying luggage or shopping bags. Furthermore, these systems are often favored in settings that prioritize user comfort and experience, as they provide a smooth transition between levels without rushing individuals. The integration of safety features, such as anti-slip surfaces and handrails, further enhances their appeal, making them a popular choice in commercial and public applications.

Medium Speed:

Medium-speed escalators and moving walkways, operating at speeds between 0.75 to 1.5 meters per second, are commonly utilized in environments that require a balance between efficiency and comfort. These systems are often found in airports and railway stations, where swift movement is essential for passengers to catch their flights or trains. The growing emphasis on efficiency in public transport systems has led to an increase in the adoption of medium-speed escalators and moving walkways, as they facilitate quicker transit while still ensuring user safety. Moreover, advancements in technology have enabled the development of systems equipped with smooth acceleration and deceleration features, making medium-speed options attractive for both operators and users. The efficiency of these systems contributes to reduced wait times and enhances the overall experience in busy transit environments.

High Speed:

High-speed escalators and moving walkways, which exceed 1.5 meters per second, are designed for environments where rapid movement is critical, such as in large international airports or busy urban centers. The demand for these high-speed systems is driven by the growing need for efficient transportation solutions that can accommodate increasing passenger volumes. As air travel and public transport usage continue to rise globally, there is an urgent requirement for escalators and moving walkways that can handle swift passenger movement without compromising on safety. Technological innovations in this segment focus on enhancing safety features, such as advanced braking systems and smooth ride technology, to ensure user comfort while traveling at higher speeds. Furthermore, the integration of smart technologies, such as real-time monitoring and maintenance alerts, is set to enhance the operational efficiency of high-speed escalators and moving walkways, making them a preferred choice in modern transportation hubs.

By User

Shopping Malls:

Shopping malls are one of the primary users of escalators and moving walkways, as these systems play a vital role in enhancing the shopping experience by providing convenient access to different levels and sections of the mall. With the growing trend of multi-level retail spaces, the demand for escalators and moving walkways in shopping malls has surged. Mall operators are increasingly investing in modern, energy-efficient systems that not only attract customers but also reduce operational costs through improved energy management. Moreover, the incorporation of design elements, such as aesthetic finishes and ambient lighting, is becoming popular, as it contributes to a more enjoyable shopping environment. The continued expansion of shopping complexes globally further supports the growth of this user segment, as they require efficient and stylish mobility solutions to accommodate increasing foot traffic.

Airports:

Airports are significant users of escalators and moving walkways, as they cater to millions of passengers annually who require efficient and swift transportation throughout the terminals. The complexity of airport layouts, which often involve multiple levels and long distances between gates, necessitates the installation of escalators and moving walkways to facilitate seamless movement. The ongoing expansion and modernization of airport facilities worldwide are driving the demand for advanced escalator and walkway solutions, particularly those equipped with energy-efficient technologies and enhanced safety features. In addition, the focus on passenger experience has led to the integration of aesthetically pleasing designs and user-friendly functionalities, making these systems an integral part of airport infrastructure. As air travel continues to rebound post-pandemic, the demand for escalators and moving walkways in airports is poised for significant growth.

Railway Stations:

Railway stations serve as critical transit hubs where escalators and moving walkways are essential for managing passenger flow and enhancing accessibility. With the increasing reliance on trains for urban and intercity travel, the demand for efficient vertical transportation solutions in railway stations is on the rise. Escalators and moving walkways facilitate the movement of passengers between platforms, ticketing areas, and concourses, thereby reducing congestion during peak travel times. The growing focus on improving transportation infrastructure and passenger experience is encouraging railway operators to invest in modern escalators and walkways that incorporate advanced safety and efficiency features. Furthermore, the trend toward sustainability in public transportation is leading to the installation of energy-efficient escalators and moving walkways, aligning with broader environmental goals.

Hospitals:

Hospitals utilize escalators and moving walkways to enhance accessibility and patient flow within their facilities. The movement of patients, staff, and visitors across multiple levels requires efficient and reliable transportation solutions, making escalators and moving walkways essential in hospital design. These systems are particularly beneficial in large hospital complexes where long distances may separate departments and services. The focus on patient comfort and safety drives the demand for escalators that feature low speeds, smooth rides, and advanced safety systems. Additionally, hospitals are increasingly adopting energy-efficient escalators and moving walkways to reduce operational costs and align with sustainability initiatives. As healthcare facilities continue to expand and evolve, the need for effective mobility solutions that cater to diverse user needs will further stimulate growth in this user segment.

Office Buildings:

Office buildings represent a significant user segment for escalators and moving walkways, particularly in high-rise structures where vertical transportation is a crucial consideration. The trend toward multi-story office spaces and mixed-use developments is driving the demand for efficient escalators that can manage the flow of employees and visitors effectively. Building owners and developers are increasingly investing in modern escalators equipped with smart technologies that enhance operational efficiency and user experience. Moreover, the focus on sustainability in commercial real estate is leading to the adoption of energy-efficient solutions that contribute to lower operating costs. The integration of escalators into office designs not only enhances accessibility but also adds to the overall aesthetic appeal of the building, making them attractive features for both tenants and visitors.

By Region

The escalation and moving walkways market's regional analysis reveals distinct trends and growth opportunities across different geographical areas. North America currently holds a significant share of the market, bolstered by advanced infrastructure and a strong focus on modernization in urban areas. The region is expected to witness a moderate CAGR of around 5% during the forecast period, driven by ongoing investments in smart city initiatives and public transportation systems. The United States and Canada are leading contributors in this region, with a strong preference for high-speed escalators in airports and commercial spaces. Similarly, Europe maintains a competitive position in the market, with a focus on sustainability and technological innovation influencing escalator and moving walkway installations across various sectors. The region is projected to experience a steady growth rate, supported by government regulations promoting accessibility and energy efficiency in public buildings.

In the Asia Pacific region, the escalators and moving walkways market is poised for remarkable growth, with a projected CAGR of 7.5% during the forecast period. This growth is largely attributed to rapid urbanization, increasing infrastructure development, and rising disposable incomes in countries such as China, India, and Japan. The burgeoning demand for mobility solutions in urban areas, particularly in large cities, is driving the installation of escalators and moving walkways in shopping malls, airports, and public transit systems. Furthermore, the Middle East and Africa present emerging opportunities, as ongoing urban development projects, particularly in the Gulf Cooperation Council (GCC) countries, are expected to fuel demand for advanced escalator systems. Latin America is also gradually adopting escalators and moving walkways, particularly in urban centers, as governments invest in infrastructure improvements to enhance public transportation.

Opportunities

The escalators and moving walkways market is ripe with opportunities for growth, particularly due to the increasing focus on urban development and smart city initiatives. As cities expand and populations grow, the need for effective and efficient vertical transportation solutions becomes paramount. This trend presents a significant opportunity for manufacturers and suppliers to innovate and provide advanced escalator and moving walkway systems that meet the demands of modern urban environments. Additionally, the shift towards sustainable construction practices creates a favorable market for energy-efficient escalators and moving walkways. Companies that can leverage new technologies, such as IoT and AI, to improve the operational efficiency and user experience of their products are well-positioned to capture a larger share of this growing market. Moreover, the rising demand for accessibility features in public spaces is prompting a need for escalators and moving walkways that cater to users with disabilities, presenting an opportunity for specialized products designed to meet these requirements.

Furthermore, the ongoing global recovery from the COVID-19 pandemic has renewed focus on infrastructure development as governments seek to stimulate economic growth. This renewed emphasis on public infrastructure investment opens up various opportunities for the escalators and moving walkways market. Projects aimed at modernizing public transport systems, upgrading commercial facilities, and enhancing accessibility in urban areas create a significant demand for escalators and moving walkways. Additionally, the development of hybrid and multifunctional spaces, such as mixed-use buildings that combine residential, commercial, and recreational areas, calls for innovative transportation solutions that integrate seamlessly into diverse environments. The potential for strategic partnerships and collaborations between manufacturers, construction firms, and government entities can further drive market growth and open new avenues for expansion.

Threats

Despite the promising growth prospects in the escalators and moving walkways market, several potential threats could hinder progress. One significant threat is the economic volatility that may affect infrastructure investments and construction spending. Fluctuations in economic conditions can lead to delays in new projects or the cancellation of existing contracts, ultimately impacting the demand for escalators and moving walkways. Additionally, the market faces competition from alternative modes of transportation, such as elevators, which may be preferred in certain settings, particularly in low-rise buildings or residential areas. The rise of automation and smart technologies also poses a challenge, as advancements in robotics may lead to the development of autonomous transportation systems that could potentially replace traditional escalators and moving walkways in some applications.

Moreover, the escalating costs of raw materials and components utilized in manufacturing escalators and moving walkways may limit growth opportunities. Rising prices can squeeze profit margins for manufacturers, making it challenging to offer competitive pricing while maintaining quality. Regulatory and safety compliance also presents a challenge, as companies must navigate an increasingly complex landscape of standards and requirements that vary by region and application. Failure to meet these regulations can result in costly penalties and damage to brand reputation. Lastly, the ongoing global focus on sustainability necessitates that manufacturers invest in energy-efficient solutions and environmentally-friendly practices, which may increase operational costs and require substantial upfront investments.

Competitor Outlook

• Otis Elevator Company
• Schindler Group
• KONE Corporation
• Thyssenkrupp AG
• Hitachi, Ltd.
• Mitsubishi Electric Corporation
• Stannah Lifts Holdings Ltd.
• Toshiba Elevators and Building Systems Corporation
• Kleemann Hellas S.A.
• Fujitec Co., Ltd.
• Zhejiang Meilun Elevator Co., Ltd.
• Gheorghe P─âun Elevator Company
• Hyundai Elevator Co., Ltd.
• Schmitt + Sohn Aufz├╝ge GmbH
• B├Âcker Maschinenwerke GmbH

The competitive landscape of the escalators and moving walkways market is characterized by a mix of global leaders and specialized regional players. The market is dominated by well-established companies such as Otis Elevator Company, Schindler Group, and KONE Corporation, which offer a broad range of escalators and moving walkway solutions. These companies leverage their extensive experience, strong brand recognition, and robust distribution networks to maintain their competitive edge. They have also embraced innovation and technology, focusing on the development of energy-efficient systems, smart escalators, and user-friendly designs that cater to the evolving needs of the market. Strategic partnerships, mergers, and acquisitions among key players are also common strategies employed to expand market presence, enhance product offerings, and capture new customer segments.

Otis Elevator Company, a pioneer in the vertical transportation industry, continues to lead the market with its cutting-edge escalator and moving walkway solutions. The company has made significant investments in integrating IoT technology into its products, enabling real-time monitoring and predictive maintenance capabilities. Otis's commitment to sustainability is evident through its development of energy-efficient escalators and walkways, aligning with global sustainability goals. Similarly, KONE Corporation is recognized for its focus on accessibility and user experience, offering a wide range of customizable escalator solutions designed to meet specific requirements in various applications. The companyÔÇÖs emphasis on innovation and smart solutions positions it well in the competitive landscape of the market.

Thyssenkrupp AG stands out for its comprehensive product portfolio, including escalators and moving walkways tailored for diverse environments. The company has successfully integrated advanced safety features and energy-saving technologies into its systems, enhancing their appeal in commercial and public applications. Additionally, Mitsubishi Electric Corporation is known for its high-performance escalators and moving walkways, which are widely used in high-rise buildings and transportation hubs. The company prioritizes research and development to stay at the forefront of technological advancements and deliver innovative solutions to its customers. The increasing emphasis on environmental sustainability among consumers is prompting these major players to adapt their strategies accordingly, emphasizing the development of eco-friendly products that reduce energy consumption and environmental impact.