Escalators and Moving Walkways Market Size Worth USD 23.61 Billion by 2034 | CAGR: 5.7%

The escalators and moving walkways market size is expected to reach USD 23.61 billion by 2034, according to a new study by Polaris Market Research. The report “Escalators and Moving Walkways Market Size, Share, Trends, Industry Analysis Report: By Product, Business (New Equipment, Maintenance, and Modernization), End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising investments in construction projects are driving the escalators and moving walkways market growth. Governments across the countries are increasingly allocating funds to the development of new commercial buildings, residential complexes, and public infrastructure, which is raising the demand for vertical transportation systems. Escalators and moving walkways are essential in large, multi-story structures such as shopping malls, airports, office buildings, and transportation hubs. Additionally, the expansion of cities and urbanization is pushing the need for modern, high-capacity systems.

Technological advancements are making escalators and moving walkways safer, more efficient, and easier to maintain. Features such as energy-efficient motors and better safety systems are making them more appealing to building owners. These innovations lower costs, increase lifespan, and drive more installations in buildings and public spaces, fueling the escalator and moving walkways market expansion.

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Public transit systems are major consumers of the escalator and moving walkways market as they handle high volumes of passengers daily. Airports, train stations, and subway systems require better ways to move people quickly between levels. Escalators and moving walkways help reduce congestion, ensure smooth movement, and enhance the overall passenger experience, making them essential in these environments.

Escalators and Moving Walkways Market Report Highlights

• Based on business, the new equipment segment recorded the largest revenue share of the global escalator and moving walkways market in 2024 due to a rise in construction activity worldwide.
• The public transit segment, by end use, dominated the escalators and moving walkways market revenue share in 2024 due to an increasing need for passenger movement tools in transportation hubs such as airports, train stations, and subway systems.
• In 2024, Asia Pacific held the largest escalators and moving walkways market share due to an increase in new infrastructure activities.
• The market in North America is experiencing significant growth due to increased investments in infrastructure.
• A few global key market players are KONE Corporation; Otis Worldwide Corporation; Schindler Group; TK Elevators; FUJITEC CO., Ltd; Toshiba Corporation; HYUNDAI ELEVATOR CO., Ltd; Sigma Elevator Company; Kleemann Hellas SA.; ThyssenKrupp AG; Stein Ltd; Sicher Elevator Co., Ltd.; Mitsubishi Electric Corp.; Gulf Elevator and Escalator Co. Ltd.; and Stannah.

Polaris market research has segmented the escalators and moving walkways market report on the basis of product, business, end use, and region:

By Product (Revenue – USD Billion, 2020–2034)

• Escalators
• Parallel
• Multi-Parallel
• Others
• Moving Walkways

By Business (Revenue – USD Billion, 2020–2034)

• New Equipment
• Maintenance
• Modernization

By End Use (Revenue – USD Billion, 2020–2034)

• Public Transit
• Airports
• Retail
• Institutional
• Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Escalators and Moving Walkways Market Report Scope