Escalators and Moving Walkways Sales Market Outlook

The global escalators and moving walkways market has been experiencing significant growth, with an estimated market size expected to reach USD 40 billion by 2035, growing at a compound annual growth rate (CAGR) of approximately 6.5% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing urbanization and infrastructure development across various sectors, as well as the growing demand for advanced mobility solutions in crowded places. Escalators and moving walkways are essential components of modern transportation systems in buildings, shopping malls, airports, and other public spaces, facilitating smoother and more efficient movement of people. Furthermore, technological advancements, such as the integration of IoT technology for monitoring and maintenance, are also bolstering market growth. The rising emphasis on energy-efficient and sustainable transportation solutions adds another layer of demand in favor of escalators and moving walkways.

Growth Factor of the Market

The growth of the escalators and moving walkways market can be primarily attributed to rapid urbanization and increasing population density in metropolitan areas, which necessitates efficient vertical and horizontal transportation. The continuous expansion of commercial infrastructure, such as shopping malls, airports, and office buildings, is also a significant contributor to the demand for escalators and moving walkways. Moreover, the growing focus on enhancing customer experience in public spaces has resulted in the incorporation of modern designs and user-friendly technologies in these transportation systems. The shift toward smart buildings and green architecture, which prioritize energy-efficient solutions and sustainability, further underscores the demand for advanced escalators and moving walkways that incorporate energy-saving technologies. Additionally, the rising awareness about the importance of accessibility for individuals with limited mobility has led to increased implementation of these systems, thereby driving market growth.

Key Highlights of the Market

• The global escalators and moving walkways market is projected to reach USD 40 billion by 2035.
• Urbanization and infrastructure development are primary drivers for market expansion.
• Technological advancements, including IoT integration, are enhancing operational efficiency.
• Energy-efficient and sustainable solutions are gaining traction across various applications.
• Integration of accessibility features in public spaces is boosting demand.

By Product Type

Escalators:

Escalators represent a significant segment of the escalators and moving walkways market, primarily utilized in commercial and public settings. These systems facilitate vertical transportation in places such as shopping malls, airports, and transit stations, providing a crucial service to manage high foot traffic efficiently. The advancements in escalator technology have led to the development of energy-efficient models that reduce operational costs and environmental impact. Manufacturers are also focusing on safety features, such as automatic braking systems and emergency stop controls, to ensure user safety. Furthermore, the customizability of escalators allows for unique installations that enhance the aesthetic appeal of buildings, thus making them a popular choice in modern architectures. Overall, escalators are a vital component in the overall mobility ecosystem of urban infrastructures.

Moving Walkways:

Moving walkways, also known as travelators, are another crucial segment in the escalators and moving walkways market. These systems serve to transport individuals horizontally over short distances, making them particularly popular in airports, malls, and large public transport hubs. The increasing emphasis on reducing wait times and improving the passenger experience has led to a greater adoption of moving walkways in various applications. Additionally, the advancements in technology have facilitated the development of variable speed moving walkways, which can adjust speed based on passenger traffic and enhance energy efficiency. As urban spaces continue to expand, and the demand for seamless movement in crowded environments grows, the relevance and application of moving walkways are expected to increase significantly, solidifying their position in the marketplace.

By Application

Commercial:

The commercial segment is one of the largest applications for escalators and moving walkways. This sector includes shopping malls, retail stores, and other customer-centric facilities where high foot traffic is common. The design of escalators and moving walkways in commercial settings focuses on improving the customer experience by providing convenient and efficient transportation options. Additionally, the aesthetics of these systems can be tailored to match the architectural style of retail environments, enhancing the overall shopping experience. As consumer behavior shifts towards experiential shopping, the importance of integrating effective mobility solutions in commercial spaces is expected to rise, thereby driving the demand for escalators and moving walkways.

Residential:

While the residential application segment may not be as substantial as commercial, it is still a growing market for escalators and moving walkways. With the increase in multi-story buildings and luxury homes, there is a rising demand for residential escalators as an alternative to traditional staircases. These systems provide convenience for individuals with mobility challenges and can serve as a stylish addition to modern home designs. Furthermore, advancements in technology have made residential escalators more compact, safer, and energy-efficient, encouraging their adoption in private residences. As the market for luxury homes continues to expand, the demand for high-quality escalators and moving walkways in residential settings is likely to grow.

Industrial:

The industrial sector represents a critical application for escalators and moving walkways, specifically in factories, warehouses, and distribution centers. These systems play a vital role in the efficient movement of personnel and goods within large facilities. The use of escalators and moving walkways in industrial applications can significantly enhance productivity by reducing the time taken to transport materials and personnel across different levels of a facility. Moreover, the ability to customize these systems for specific industrial applications, such as integrating heavy-duty components to withstand rigorous use, has become a focal point for manufacturers. As industries continue to evolve and automate, the role of escalators and moving walkways in facilitating movement within large-scale operations will become increasingly crucial.

By Speed Type

Low Speed:

Low-speed escalators and moving walkways are designed primarily for environments such as malls, airports, and other public spaces where safety and comfort are paramount. These systems usually operate at a speed of around 0.5 meters per second, ensuring that users can enter and exit safely without feeling rushed. The emphasis on low speed allows for a more relaxed user experience, making it particularly suitable for elderly individuals and those with mobility challenges. Additionally, low-speed options are often designed with features that enhance safety, such as non-slip surfaces and clear signage, thus fostering a sense of security among users. The focus on passenger comfort and safety makes low-speed escalators and moving walkways a preferred choice in many applications.

High Speed:

High-speed escalators and moving walkways are increasingly being integrated into transportation hubs such as airports and railway stations, where the demand for quick and efficient movement is paramount. These systems are designed to operate at higher speeds, typically exceeding 0.75 meters per second, to reduce wait times for passengers. The introduction of high-speed options caters to the fast-paced environment of urban centers where time is of the essence. Moreover, advancements in technology have enhanced the safety features of high-speed systems, ensuring that they operate efficiently without compromising user safety. As urbanization continues to increase, the demand for high-speed escalators and moving walkways in transport-oriented facilities is expected to gain momentum.

By User

Shopping Malls:

Shopping malls represent one of the primary user segments for escalators and moving walkways. The use of these mobility solutions in malls is crucial for managing high foot traffic, especially during peak hours. Escalators and moving walkways facilitate easy and efficient movement between different levels of a mall, enhancing the overall shopping experience. Moreover, the aesthetic integration of these systems within the architectural design of malls can significantly impact consumer perception and footfalls. With retail environments evolving into experiential hubs, the need for effective vertical and horizontal transportation will continue to drive demand for escalators and moving walkways in shopping malls.

Airports:

Airports are another significant user of escalators and moving walkways, serving as critical transportation hubs where efficiency is crucial. These systems facilitate the swift movement of passengers between different terminals and gates, substantially improving the overall travel experience. The implementation of escalators and moving walkways in airports is designed to accommodate high passenger volumes while maintaining safety and comfort. Furthermore, with the increasing passenger traffic projected in the coming years, airlines and airport authorities are likely to invest more in enhancing mobility solutions, making escalators and moving walkways indispensable components of airport infrastructure.

Railway Stations:

Railway stations are also key users of escalators and moving walkways, where efficient movement is vital for managing large crowds. These systems help passengers navigate through platforms and concourses with ease, ensuring timely connections between trains and other modes of transport. The incorporation of escalators and moving walkways enhances the overall user experience by providing convenient access to different levels of the station without the need for cumbersome stair climbing. As public transportation continues to evolve and adapt to growing urban populations, the demand for effective mobility solutions in railway stations will remain strong, solidifying the role of escalators and moving walkways in these facilities.

Hospitals:

Hospitals represent an essential user segment for escalators and moving walkways, where patient mobility and accessibility are paramount. The ability to transport patients, visitors, and staff efficiently across different floors and departments is critical in a healthcare setting. Escalators and moving walkways in hospitals not only offer practical benefits but also enhance the patient experience by reducing waiting times and easing movement. The focus on accessibility features, such as wider entrances and safety measures, ensures that these systems cater to individuals with varying mobility levels. With the increasing emphasis on patient-centered care, the adoption of escalators and moving walkways in hospitals is expected to grow, further enhancing patient and visitor experiences.

By Region

The regional analysis of the escalators and moving walkways market reveals distinct growth patterns across various geographic locations. North America currently holds a significant share of the market, driven by the presence of advanced infrastructure and a high rate of urbanization. The demand for escalators and moving walkways in North America is projected to grow at a CAGR of 5.8% during the forecast period, as cities continue to develop and modernize their transportation systems. Moreover, the increasing focus on smart buildings and energy-efficient solutions is expected to further boost market growth in this region. Europe, while also a key player, is witnessing steady growth, influenced by the need for modernization in aging infrastructure and an increasing emphasis on accessibility standards in public spaces.

In Asia Pacific, the escalators and moving walkways market is anticipated to experience robust growth due to rapid urbanization and infrastructure development across countries like China and India. The significant investments in mega infrastructure projects and the rising middle-class population in these regions are expected to drive demand. Latin America and the Middle East & Africa are also emerging markets, although they currently hold smaller market shares compared to North America and Europe. The growth in these regions is primarily fueled by the expansion of commercial real estate and increasing investments in public transport systems. Overall, the regional dynamics indicate a promising outlook for the escalators and moving walkways market, with growth opportunities across all major areas covered in this analysis.

Opportunities

The escalators and moving walkways market presents several opportunities for growth, particularly in developing regions where urbanization is accelerating rapidly. As cities expand and new commercial developments emerge, there is a rising demand for efficient mobility solutions, which escalators and moving walkways can provide. The increased focus on smart city initiatives and sustainable infrastructure development opens doors for manufacturers to innovate and offer advanced, energy-efficient systems. Furthermore, the integration of IoT technology in escalators and moving walkways has the potential to improve operational efficiency through predictive maintenance and real-time monitoring, thus attracting investment and enhancing market growth. Additionally, collaborations with construction and architecture firms to create customized mobility solutions can significantly enhance market reach in new projects.

Moreover, there is a growing awareness of the importance of accessibility in public spaces, which presents an opportunity for escalator and moving walkway manufacturers to develop products catered specifically to individuals with mobility challenges. This focus not only aligns with global trends advocating for inclusivity and accessibility but also opens up new customer segments for businesses. As legislative measures toward building accessibility increase, compliance with these regulations will enhance demand for escalators and moving walkways. The opportunity to tap into the residential sector for luxury homes, where customized escalator solutions can be implemented, also presents a lucrative market. As each of these trends continues to unfold, the escalators and moving walkways market is poised for substantial growth.

Threats

Despite the promising outlook for the escalators and moving walkways market, several threats could hinder growth. One of the primary concerns is the increasing competition from alternative mobility solutions, such as elevators and stair lifts, which may be perceived as more cost-effective or space-efficient in certain contexts. Additionally, the economic fluctuations and uncertainties faced by various regions can affect infrastructure investments, leading to delayed projects and reduced demand for escalators and moving walkways. The ongoing challenges posed by supply chain disruptions and rising raw material costs may also impact manufacturersÔÇÖ ability to deliver products competitively and maintain profit margins. Furthermore, the potential for regulatory changes impacting building codes or safety standards may create additional hurdles for manufacturers in the escalators and moving walkways market.

Another significant threat lies in the rapid pace of technological advancements, which requires companies to continuously innovate to keep pace with industry standards. Manufacturers that are unable to adapt to the changing technological landscape risk becoming obsolete in a highly competitive market. Moreover, the increasing focus on sustainability may pressure traditional escalator and moving walkway designs to incorporate more environmentally friendly features, potentially requiring significant investment and innovation. Therefore, companies in this market must remain vigilant and proactive to navigate these threats and sustain their growth trajectory over the coming years.

Competitor Outlook

• Otis Elevator Company
• Schindler Group
• KONE Corporation
• Thyssenkrupp AG
• Hitachi Ltd.
• Mitsubishi Electric Corporation
• Johnson Lifts
• Alimak Group AB
• Stannah Lifts Holdings Limited
• Toshiba Elevator and Building Systems Corporation
• Schindler Group
• Fujitec Co., Ltd.
• Hyundai Elevator Co., Ltd.
• Yamato Elevator Co., Ltd.
• Sigal Group

The competitive landscape of the escalators and moving walkways market is characterized by several key players, each vying for market share through innovation, technological advancements, and customer-centric strategies. Major companies such as Otis Elevator Company and Schindler Group lead the market with their extensive product portfolios and established global presence. These manufacturers have been actively investing in research and development to create energy-efficient and smart mobility solutions that cater to evolving consumer needs. Furthermore, partnerships and collaborations with construction firms for large-scale projects have positioned these companies favorably in the market. The competition also extends to emerging players who are focusing on niche segments and providing customized solutions to meet local demands.

Companies like KONE Corporation and thyssenkrupp AG are also prominent contenders, leveraging their expertise in engineering and technology to innovate within the escalators and moving walkways sector. Their emphasis on safety, efficiency, and sustainability resonates with the current market trends and consumer preferences. The landscape is also seeing a rise in regional players, especially in Asia-Pacific, where rapid urbanization is driving demand for effective mobility systems. These companies are working on offering competitively priced solutions that comply with local regulations while maintaining quality standards. As competition intensifies, the focus on customer feedback and adaptability to market changes will be essential for sustained success in this evolving landscape.

Key players, such as Hitachi Ltd. and Mitsubishi Electric Corporation, have also made significant strides by integrating advanced technologies into their products, enhancing overall user experience and operational efficiency. Their commitment to innovation is evident in their smart escalators and moving walkways, which utilize IoT and AI technologies for predictive maintenance and enhanced safety features. Additionally, companies like Johnson Lifts and Alimak Group AB are carving their niche in the market by focusing on specialized products designed for specific applications, such as high-rise buildings and industrial facilities. By tailoring their offerings to meet unique client requirements, these companies are strengthening their market position and driving growth in their respective segments.