Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Escalators and Elevators Market Trends

The increasing escalators and elevators demand is fuelled by the construction of high-rise residential buildings, luxury hotels, and shopping malls, all requiring these systems for accessibility and convenience.

 

Escalators and elevators incorporate advanced safety features such as emergency stop buttons, infrared sensors, and overload protection systems to ensure passenger safety. Continuous advancements in safety technology enhance reliability and compliance with strict safety regulations and standards.

 

Escalators and Elevators Market Report Snapshots

Escalators and Elevators Market Size

Escalators and Elevators Market Growth

Escalators and Elevators Market Trends

Escalators and Elevators Market Share

Escalators and Elevators Companies

Escalators and Elevators Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Outline the Scope

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 5.8% between 2024 and 2032.

The major market drivers include the growing adoption of escalators and elevators in the aviation sector, the robust growth of the commercial sector, and the surging demand for sustainable manufacturing of escalators and elevators.

The key trends driving the market growth include the rising demand for elevators and escalators in the pipeline sector and the increasing adoption of advance tools to minimise cost and labour of manufacturing elevators and escalators.

The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The market is categorised according to the type, which includes escalator, elevators, moving walkways, and others.

The market is categorised according to the services, which includes modernization, new installation, and maintenance and repair.

Based on the end use, the market is divided into residential, commercial, institutional, and others.

The market key players are Mitsubishi Electrical Corporation, Toshiba Corporation, Schindler Group, Thyssenkrupp AG, Hyundai Elevator Co. Ltd., Fujitec Co. Ltd., and KONE Elevator India Private Limited, among others.

The revenue generated from the escalators and elevators market is expected to reach USD 227.21 billion in 2032.

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