Elevator and Escalator Market Report – Research, Industry Analysis Reports and Market Demands

Global Elevator and Escalator Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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Table of Content

1 Market Overview

1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
- 1.3.1 Overview: Global Elevator and Escalator Consumption Value by Type: 2020 Versus 2024 Versus 2031
- 1.3.2 Elevator (Vertical)
- 1.3.3 Escalator
- 1.3.4 Moving Walkway
1.4 Market Analysis by Application
- 1.4.1 Overview: Global Elevator and Escalator Consumption Value by Application: 2020 Versus 2024 Versus 2031
- 1.4.2 Residential
- 1.4.3 Commercial Buildings
- 1.4.4 Rail Transit
- 1.4.5 Schools & Hospital
- 1.4.6 Airports
- 1.4.7 Industrial
- 1.4.8 Others
1.5 Global Elevator and Escalator Market Size & Forecast
- 1.5.1 Global Elevator and Escalator Consumption Value (2020 & 2024 & 2031)
- 1.5.2 Global Elevator and Escalator Sales Quantity (2020-2031)
- 1.5.3 Global Elevator and Escalator Average Price (2020-2031)

2 Manufacturers Profiles

3 Competitive Environment: Elevator and Escalator by Manufacturer

3.1 Global Elevator and Escalator Sales Quantity by Manufacturer (2020-2025)
3.2 Global Elevator and Escalator Revenue by Manufacturer (2020-2025)
3.3 Global Elevator and Escalator Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
- 3.4.1 Producer Shipments of Elevator and Escalator by Manufacturer Revenue ($MM) and Market Share (%): 2024
- 3.4.2 Top 3 Elevator and Escalator Manufacturer Market Share in 2024
- 3.4.3 Top 6 Elevator and Escalator Manufacturer Market Share in 2024
3.5 Elevator and Escalator Market: Overall Company Footprint Analysis
- 3.5.1 Elevator and Escalator Market: Region Footprint
- 3.5.2 Elevator and Escalator Market: Company Product Type Footprint
- 3.5.3 Elevator and Escalator Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

4.1 Global Elevator and Escalator Market Size by Region
- 4.1.1 Global Elevator and Escalator Sales Quantity by Region (2020-2031)
- 4.1.2 Global Elevator and Escalator Consumption Value by Region (2020-2031)
- 4.1.3 Global Elevator and Escalator Average Price by Region (2020-2031)
4.2 North America Elevator and Escalator Consumption Value (2020-2031)
4.3 Europe Elevator and Escalator Consumption Value (2020-2031)
4.4 Asia-Pacific Elevator and Escalator Consumption Value (2020-2031)
4.5 South America Elevator and Escalator Consumption Value (2020-2031)
4.6 Middle East & Africa Elevator and Escalator Consumption Value (2020-2031)

5 Market Segment by Type

5.1 Global Elevator and Escalator Sales Quantity by Type (2020-2031)
5.2 Global Elevator and Escalator Consumption Value by Type (2020-2031)
5.3 Global Elevator and Escalator Average Price by Type (2020-2031)

6 Market Segment by Application

6.1 Global Elevator and Escalator Sales Quantity by Application (2020-2031)
6.2 Global Elevator and Escalator Consumption Value by Application (2020-2031)
6.3 Global Elevator and Escalator Average Price by Application (2020-2031)

7 North America

7.1 North America Elevator and Escalator Sales Quantity by Type (2020-2031)
7.2 North America Elevator and Escalator Sales Quantity by Application (2020-2031)
7.3 North America Elevator and Escalator Market Size by Country
- 7.3.1 North America Elevator and Escalator Sales Quantity by Country (2020-2031)
- 7.3.2 North America Elevator and Escalator Consumption Value by Country (2020-2031)
- 7.3.3 United States Market Size and Forecast (2020-2031)
- 7.3.4 Canada Market Size and Forecast (2020-2031)
- 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

8.1 Europe Elevator and Escalator Sales Quantity by Type (2020-2031)
8.2 Europe Elevator and Escalator Sales Quantity by Application (2020-2031)
8.3 Europe Elevator and Escalator Market Size by Country
- 8.3.1 Europe Elevator and Escalator Sales Quantity by Country (2020-2031)
- 8.3.2 Europe Elevator and Escalator Consumption Value by Country (2020-2031)
- 8.3.3 Germany Market Size and Forecast (2020-2031)
- 8.3.4 France Market Size and Forecast (2020-2031)
- 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
- 8.3.6 Russia Market Size and Forecast (2020-2031)
- 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

9.1 Asia-Pacific Elevator and Escalator Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Elevator and Escalator Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Elevator and Escalator Market Size by Region
- 9.3.1 Asia-Pacific Elevator and Escalator Sales Quantity by Region (2020-2031)
- 9.3.2 Asia-Pacific Elevator and Escalator Consumption Value by Region (2020-2031)
- 9.3.3 China Market Size and Forecast (2020-2031)
- 9.3.4 Japan Market Size and Forecast (2020-2031)
- 9.3.5 South Korea Market Size and Forecast (2020-2031)
- 9.3.6 India Market Size and Forecast (2020-2031)
- 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
- 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

10.1 South America Elevator and Escalator Sales Quantity by Type (2020-2031)
10.2 South America Elevator and Escalator Sales Quantity by Application (2020-2031)
10.3 South America Elevator and Escalator Market Size by Country
- 10.3.1 South America Elevator and Escalator Sales Quantity by Country (2020-2031)
- 10.3.2 South America Elevator and Escalator Consumption Value by Country (2020-2031)
- 10.3.3 Brazil Market Size and Forecast (2020-2031)
- 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

11.1 Middle East & Africa Elevator and Escalator Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Elevator and Escalator Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Elevator and Escalator Market Size by Country
- 11.3.1 Middle East & Africa Elevator and Escalator Sales Quantity by Country (2020-2031)
- 11.3.2 Middle East & Africa Elevator and Escalator Consumption Value by Country (2020-2031)
- 11.3.3 Turkey Market Size and Forecast (2020-2031)
- 11.3.4 Egypt Market Size and Forecast (2020-2031)
- 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
- 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

12.1 Elevator and Escalator Market Drivers
12.2 Elevator and Escalator Market Restraints
12.3 Elevator and Escalator Trends Analysis
12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

13.1 Raw Material of Elevator and Escalator and Key Manufacturers
13.2 Manufacturing Costs Percentage of Elevator and Escalator
13.3 Elevator and Escalator Production Process
13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
14.2 Elevator and Escalator Typical Distributors
14.3 Elevator and Escalator Typical Customers

15 Research Findings and Conclusion

16 Appendix

16.1 Methodology
16.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global Elevator and Escalator market size was valued at US$ 49820 million in 2024 and is forecast to a readjusted size of USD 59130 million by 2031 with a CAGR of 2.4% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
In generally, elevators include the escalators and the moving walkways. An escalator is a moving staircase used as transportation between floors or levels in subways, buildings, and other mass pedestrian areas. A moving walkway or moving sidewalk, travelator, is a slow-moving conveyor mechanism that transports passengers across a horizontal or inclined plane over a short to medium distance. The different between the escalator and the moving walkway is the former has stairs and the latter is a flat or slant apron without stairs.
This article only counts elevator sales and does not include services.
Elevators and escalators are indispensable vertical transportation tools in modern buildings. They serve different scenarios with their high efficiency and safety. Elevators use closed cabins to achieve precise stops between floors. They are widely used in high-rise residential buildings, office buildings, hospitals and other scenarios. The core technology lies in the traction system (wire rope/carbon fiber cable) and intelligent group control algorithm. The speed ranges from 1m/s for residential elevators to ultra-high speeds of more than 20m/s. Escalators use a circular staircase structure to achieve continuous transportation of people. They are commonly found in subways, shopping malls and airports. The core lies in the chain drive system and anti-pinch design. The operating speed is fixed at 0.5-0.75m/s, taking into account both efficiency and safety.
The global market is dominated by six major international brands: Otis (USA), KONE (Finland), Schindler (Switzerland), ThyssenKrupp (Germany), Mitsubishi Electric and Hitachi (Japan). The top 5 companies have a total share of about 60%. These companies build their moats with technological barriers, such as ThyssenKrupp's MULTI magnetic levitation elevator (cableless multi-directional operation) and KONE's UltraRope carbon fiber traction technology (reducing energy consumption and building load-bearing capacity). Chinese local companies such as Canny Elevator, SJEC, Guangzhou Guangri Elevator, Shenyang Yuanda Intellectual Industry Group, etc., seize the low-end and mid-end markets through cost-effective advantages and expand their market share by leveraging the "old renovation" policy.
This report is a detailed and comprehensive analysis for global Elevator and Escalator market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Elevator and Escalator market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Elevator and Escalator market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Elevator and Escalator market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Elevator and Escalator market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Elevator and Escalator
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Elevator and Escalator market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Otis, Schindler Group, ThyssenKrupp, Kone, Mitsubishi Electric, Toshiba, Hitachi (Yungtay), Fujitec, Hyundai, Kleemann, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Elevator and Escalator market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Elevator (Vertical)
Escalator
Moving Walkway
Market segment by Application
Residential
Commercial Buildings
Rail Transit
Schools & Hospital
Airports
Industrial
Others
Major players covered
Otis
Schindler Group
ThyssenKrupp
Kone
Mitsubishi Electric
Toshiba
Hitachi (Yungtay)
Fujitec
Hyundai
Kleemann
Canny Elevator
Volkslift GmbH
Guangzhou Guangri Elevator
Shenyang Yuanda Intellectual Industry Group
Syney Electric
Sicher Elevator Co., Ltd
SJEC
Hangzhou XiOlift
Shanghai Edunburgh Elevator
Suzhou Diao
Meilun Elevator
IFE ELEVATORS
Joylive Elevator Co., Ltd
Dongnan Elevator
General Elevator Co., Ltd
Delta Elevator Co Ltd
AVT Beckett
Stannah Lifts Holdings Ltd
McKinley Elevator Corporation
Johnson Lifts
Haushahn GmbH
Samsung Elevator (HIGHEL)
Shenlong Elevator Co., Ltd
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Elevator and Escalator product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Elevator and Escalator, with price, sales quantity, revenue, and global market share of Elevator and Escalator from 2020 to 2025.
Chapter 3, the Elevator and Escalator competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Elevator and Escalator breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Elevator and Escalator market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Elevator and Escalator.
Chapter 14 and 15, to describe Elevator and Escalator sales channel, distributors, customers, research findings and conclusion.

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