Escalators Moving Walkway Market Research Report By Type (Escalators, Moving Walkways, Autowalks, Platform Lifts, Travelators), By Usage (Commercial, Public, Residential, Industrial), By Capacity (Low-capacity (up to 500 passengers per hour), Medium-capacity (up to 1,500 passengers per hour), High-capacity (over 1,500 passengers per hour)), By Speed (Low-speed (up to 30 feet per minute), Medium-speed (up to 90 feet per minute), High-speed (over 90 feet per minute)), By Incline (Flat, Sloping, Vertical) and By Regional (North America, Europ

Global Escalators Moving Walkway Market Overview:

As per MRFR analysis, the Escalators Moving Walkway Market Size was estimated at 12.65 (USD Billion) in 2022. The Escalators Moving Walkway Market Industry is expected to grow from 13.06(USD Billion) in 2023 to 17.4 (USD Billion) by 2032. The Escalators Moving Walkway Market CAGR (growth rate) is expected to be around 3.24% during the forecast period (2024 - 2032).

Key Escalators Moving Walkway Market Trends Highlighted

Key market drivers of the escalators and moving walkways market include increasing urbanization, rising demand for efficient transportation systems in commercial and public spaces, and growing emphasis on safety and accessibility for commuters. The expanding construction industry, particularly in emerging economies, is also fueling market growth.

Opportunities for exploration in the market lie in advancements in technology, such as incorporating touchless operation, smart sensors, and energy-efficient designs. The integration of Internet of Things (IoT) and artificial intelligence (AI) technologies offers potential for remote monitoring, predictive maintenance, and enhanced user experiences. Additionally, the growing focus on sustainable and eco-friendly solutions presents opportunities for manufacturers to develop environmentally friendly escalators and moving walkways.

Recent trends in the market include the adoption of customized solutions to meet specific project requirements and user preferences. Modular designs and flexible configurations enable manufacturers to tailor products to suit various building layouts and aesthetics. The increasing use of glass and transparent materials in escalator and moving walkway designs is enhancing aesthetics and creating a sense of spaciousness. Furthermore, the integration of advanced safety features, including motion sensors, anti-fall protection systems, and real-time monitoring, is becoming increasingly important to ensure passenger safety and mitigate potential risks.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Escalators Moving Walkway Market Drivers

Escalators and Moving Walkways for Improved Infrastructure

The Escalators Moving Walkway Market Industry is experiencing a surge in demand due to the rapid urbanization and infrastructure development across the globe. Escalators and moving walkways have become essential components of modern transportation systems, providing seamless and efficient movement of people in public spaces. The rising construction of airports, railway stations, shopping malls, and other commercial complexes is driving the growth of the escalators and moving walkways market. 

These facilities require reliable and efficient transportation solutions to manage large volumes of foot traffic and escalators and moving walkways offer a convenient and safe mode of movement. Moreover, the increasing focus on accessibility and inclusivity in public spaces is further propelling the demand for escalators and moving walkways, as they provide accessible mobility options for individuals with disabilities, the elderly, and families with young children. The growing awareness of energy efficiency and sustainability is also influencing the market, as manufacturers are developing innovative technologies to reduce the energy consumption of escalators and moving walkways.

Technological Advancements in Escalators and Moving Walkways

The Escalators Moving Walkway Market Industry is witnessing significant technological advancements that are enhancing the functionality and efficiency of escalators and moving walkways. Manufacturers are incorporating cutting-edge technologies to improve safety, reliability, and energy efficiency. For instance, the integration of sensors and artificial intelligence (AI) enables real-time monitoring and predictive maintenance, reducing downtime and ensuring optimal performance.

Additionally, the adoption of advanced materials and designs is enhancing the durability and aesthetics of escalators and moving walkways. The focus on user experience is also driving innovation, with features such as touchless operation, voice control, and smartphone integration becoming increasingly common. These technological advancements are not only improving the overall functionality of escalators and moving walkways but also creating new opportunities for growth and differentiation in the market.

Growing Focus on Sustainability in Escalators and Moving Walkways

The Escalators Moving Walkway Market Industry is responding to the growing demand for sustainable and environmentally friendly solutions. Manufacturers are adopting eco-friendly practices and incorporating sustainable materials into the production of escalators and moving walkways. 

The use of energy-efficient components, such as LED lighting and regenerative braking systems, is becoming more prevalent. Additionally, manufacturers are exploring renewable energy sources, such as solar and wind power, to reduce the carbon footprint of escalators and moving walkways. The adoption of sustainable practices not only aligns with the increasing environmental consciousness among consumers but also reduces operating costs for building owners and operators. As the focus on sustainability intensifies, manufacturers are expected to continue innovating and developing eco-friendly solutions for the escalators and moving walkways market.

Escalators Moving Walkway Market Segment Insights:

Escalators Moving Walkway Market Type Insights  

The Escalators Moving Walkway Market is segmented by type as Escalators, Moving Walkways, Autowalks, Platform Lifts, and Travelators. Escalators  accounted for about 55% of the overall income generated in the market globally in 2023. It is expected that due to the escalating demand for escalators across the globe, escalator segment reached the largest market share by the end of 2023. In contrast, moving walkways  are expected to reach maximum growth during the forecasted period, due to growth in infrastructure and booming tourism industry that is spurring establishments such as airports, and shopping malls.

In addition to the recent growth of autowalks in stadiums, exhibition centers, and other similar places, it will hold the second largest market share. Platform lifts  are commonly employed in residential and commercial units to cater to the movement of people with disabilities. Travelators which are similar to moving walkways are commonly found in airports and other public transportation.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Escalators Moving Walkway Market Usage Insights  

The usage segment of the Escalators Moving Walkway Market holds significant importance in understanding the market dynamics. The market is segmented into commercial, public, residential, and industrial usage. Among these, the commercial segment accounted for the largest revenue share in 2023 and is projected to maintain its dominance throughout the forecast period. This growth is attributed to the increasing construction of commercial buildings, shopping malls, and transportation hubs globally. 

The public segment is also expected to witness steady growth due to rising government investments in infrastructure development.The residential segment, though smaller in size, is anticipated to grow at a moderate pace, driven by rising disposable incomes and urbanization. The industrial segment is likely to experience significant growth potential in the coming years due to the increasing demand for efficient material handling solutions in manufacturing and logistics industries.

Escalators Moving Walkway Market Capacity Insights  

The Escalators Moving Walkway Market is segmented based on capacity into low-capacity (up to 500 passengers per hour), medium-capacity (up to 1,500 passengers per hour), and high-capacity (over 1,500 passengers per hour). The medium-capacity segment is expected to witness the highest growth rate during the forecast period due to the increasing demand for escalators and moving walkways in commercial buildings, transportation hubs, and public spaces.

For instance, in 2023, the medium-capacity segment accounted for around 42% of the Escalators Moving Walkway Market revenue.The high-capacity segment is expected to hold a significant market share over the forecast period due to the growing demand for high-capacity escalators and moving walkways in airports, stadiums, and other large-scale public infrastructure projects.

Escalators Moving Walkway Market Speed Insights  

The Escalators Moving Walkway Market is segmented by speed into low-speed (up to 30 feet per minute), medium-speed (up to 90 feet per minute), and high-speed (over 90 feet per minute). The low-speed segment accounted for the largest share of the market in 2023, and is expected to continue to grow at a steady pace over the forecast period. The medium-speed segment is expected to witness significant growth over the forecast period, due to increasing demand for energy-efficient and cost-effective solutions. The high-speed segment is expected to grow at a moderate pace over the forecast period, due to its high cost and limited applications.

Escalators Moving Walkway Market Incline Insights 

The Inclines segment of the Escalators Moving Walkway Market is categorized into Flat, Sloping, and Vertical. Among these, Flat Inclines dominate the market with a significant share, owing to their widespread adoption in commercial and public spaces such as shopping malls, airports, and transportation hubs. Sloping Inclines, designed to handle gradients, are gaining traction in infrastructure projects and uneven terrains. They offer enhanced accessibility and convenience, particularly in hilly areas or multi-level structures. Vertical Inclines, also known as vertical lifts or paternoster lifts, are used in industrial settings and specialized applications where vertical transportation is required.

The Escalators Moving Walkway Market for Inclines is expected to grow steadily in the coming years, driven by increasing urbanization, infrastructure development, and the need for efficient and accessible transportation solutions. Flat Inclines will continue to hold a dominant share, while Sloping and Vertical Inclines are anticipated to witness significant growth due to their specialized applications and growing demand in various industries.

Escalators Moving Walkway Market Regional Insights  

The regional market for Escalators Moving Walkway Market is segmented into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of the market in this region can be attributed to the increasing urbanization and the rising demand for advanced transportation systems. Europe is the second largest market for Escalators Moving Walkway Market and is expected to witness significant growth in the coming years. 

The growth of the market in this region can be attributed to the increasing investment in infrastructure development and the growing popularity of public transportation.APAC is the third largest market for Escalators Moving Walkway Market and is expected to grow at a rapid pace in the coming years. The growth of the market in this region can be attributed to the increasing population and the rising demand for efficient transportation systems. South America and MEA are relatively smaller markets for Escalators Moving Walkway Market but are expected to witness steady growth in the coming years. The growth of the market in these regions can be attributed to the increasing urbanization and the rising demand for modern transportation systems.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Escalators Moving Walkway Market Key Players And Competitive Insights:

Escalators Moving Walkway Market industry is marked by the major players focusing on continuously developing advanced products and solutions to improve the value proposition to their customers. Major Escalators Moving Walkway Market players are making massive investments in research and development to make their products better improved in terms of their safety profile, operational efficiency and overall lifetime. These manufacturers are also striving to improve the geographic distribution of their customer base by making their products available in markets around the world using best-in-class distribution networks. Even as the overall Escalators Moving Walkway Market development is driven by their constantly increasing demand in the market, owing to the rising need for superior accessibility in malls, airports, railway stations, hospitals, etc.

One of the key companies operating in the Escalators Moving Walkway Market is the KONE Corporation. The company delivers several highly effective products and solutions across the entire applications landscape. This company boasts a formidable global footprint around the world and has earned the reputation of being a true innovator in the market and a provider of top-tier quality. The KONE Corporation specializes in the offering of a highly sustainable and energy-efficient offering to their clients. Research and development play a strategic role in the company’s SA Being one of the key trends in the Escalators Moving Walkway Market, the energy efficiency requirements of the products are satisfied by exponential investments into developing new technologies.

Another key player in the Escalators Moving Walkway Market and this company’s primary competitor is Otis Elevator Company. This company offers a similar range of products and services to the Escalators Moving Walkway Market, including the installation of the two types of equipment as well as their maintenance and modernization.

The Otis Elevator Company is also well-regarded for its high-quality products and services and customer satisfaction endeavors. The company also has a massive global footprint and is continuing an expansion of their geographic distribution footprint to resell their products in more and more markets around the world. Otis Elevator is also investing a lot of effort into capturing the Escalators Moving Walkway Market trends by continuously developing advanced solutions that cater to the requirements of their customers in the dynamically evolving market.

Key Companies in the Escalators Moving Walkway Market Include:

• Thyssenkrupp


• Kone


• Toshiba Elevator and Building Systems


• Hitachi Elevator


• Mitsubishi Elevator


• Toshiba Elevator


• Hitachi


• LG Elevator


• Schindler Group


• Otis


• Sanyo Elevator


• Mitsubishi Electric


• Fujitec


• Hyundai Elevator

Escalators Moving Walkway Market Industry Developments

The escalators and moving walkways market is expected to grow from USD 13.06 billion in 2023 to USD 17.4 billion by 2032, at a CAGR of 3.24% during the forecast period. The growth of the market is attributed to the increasing demand for these products in various commercial and public buildings, such as airports, shopping malls, and office complexes. Additionally, the growing urbanization and population growth in developing countries is further driving the demand for escalators and moving walkways.

Some recent news developments and current affairs in the market include the launch of new products by leading manufacturers, such as the introduction of the KONE EcoSpace elevator by KONE Corporation and the launch of the Schindler PORT Technology by Schindler Group. Furthermore, the increasing adoption of smart technologies, such as IoT and AI, in escalators and moving walkways is expected to create new opportunities for growth in the market.

Escalators Moving Walkway Market Segmentation Insights

• Escalators Moving Walkway Market Type Outlook
  
  
  
  • Escalators
  
  
  • Moving Walkways
  
  
  • Autowalks
  
  
  • Platform Lifts
  
  
  • Travelators
  
  
  
  


• Escalators Moving Walkway Market Usage Outlook
  
  
  
  • Commercial
  
  
  • Public
  
  
  • Residential
  
  
  • Industrial
  
  
  
  


• Escalators Moving Walkway Market Capacity Outlook
  
  
  
  • Low-capacity (up to 500 passengers per hour)
  
  
  • Medium-capacity (up to 1,500 passengers per hour)
  
  
  • High-capacity (over 1,500 passengers per hour)
  
  
  
  


• Escalators Moving Walkway Market Speed Outlook
  
  
  
  • Low-speed (up to 30 feet per minute)
  
  
  • Medium-speed (up to 90 feet per minute)
  
  
  • High-speed (over 90 feet per minute)
  
  
  
  


• Escalators Moving Walkway Market Incline Outlook
  
  
  
  • Flat
  
  
  • Sloping
  
  
  • Vertical
  
  
  
  


• Escalators Moving Walkway Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa