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Elevator and Escalator Global Market Report 2025
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Global Elevator and Escalator Market Report 2025

Report Price : $4490.00

Pages : 200

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Elevator and Escalator Global Market Report 2025

By Product (Elevators, Escalators, Moving Walkway ), By Business (New Equipment, Maintenance, Modernization), By Elevator Technology (Traction Elevator, Machine Room Less Traction Elevator, Hydraulic), By End User (Residential, Commercial, Institutional, Infrastructure, Other End Users) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Elevator and Escalator Market Overview

• Elevator and Escalator market size has reached to $117.58 billion in 2024

• Expected to grow to $169.76 billion in 2029 at a compound annual growth rate (CAGR) of 8%

• Growth Driver: Elevator And Escalator Market Set To Soar With Surge In Infrastructure Investments

• Market Trend: KONE DX Class Elevators Pioneering the Future of Smart Building Technology

• Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Elevator and Escalator Market?

An elevator refers to a room-type machine that can accommodate some people at one time depending on its capacity. Escalators are moving stairs that carry people between different building levels. Elevators and escalators are mostly used in buildings to carry both passengers and freight up and down across various levels of a building.

The main types of elevators and escalators are elevators, escalators, and moving walkways. The escalators refer to a belt which is a moving staircase that carries people between floors of a building or structure. The different businesses include new equipment, Maintenance, and modernization and involve several technologies, such as elevator technology, traction elevators, machine roomless traction elevators, and hydraulics. It is employed in residential, commercial, institutional, infrastructure, and other end users.

Elevator and Escalator Market 2025 - 2034

What Is The Elevator and Escalator Market Size 2025 And Growth Rate?

The elevator and escalator market size has grown strongly in recent years. It will grow from $117.58 billion in 2024 to $124.87 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to supportive government initiatives, increased focus on energy-efficient elevators, and an increase in infrastructure investment.

What Is The Elevator and Escalator Market Growth Forecast?

The elevator and escalator market size is expected to see strong growth in the next few years. It will grow to $169.76 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to the rising construction of skyscrapers, a boost in construction spending, rising urbanization, and increasing smart cities. Major trends in the forecast period include focusing on Internet of Things (IoT) technology, focus on gearless technology-powered elevators, focus on green home elevators, focus on product innovations and developing new products, and undergoing partnerships to reach new geographies and incorporate advanced technologies.

The forecast of 8.0% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through shortages of gearless traction motors and step chain assemblies, sourced from key regions such as Finland, Spain, and China, potentially delaying building modernization projects. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Machinery Industry?

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

How Is The Elevator and Escalator Market Segmented?

1) By Product: Elevators, Escalators, Moving Walkway

2) By Business: New Equipment, Maintenance, Modernization

3) By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic

4) By End User: Residential, Commercial, Institutional, Infrastructure, Other End Users

Subsegments:

1) By Elevators: Passenger Elevators, Freight Elevators, Service Elevators, Dumbwaiters

2) By Escalators: Commercial Escalators, Industrial Escalators, Escalators for Public Transport

3) By Moving Walkways: Parallel Moving Walkways, Inclined Moving Walkways, Automated Walkways

What Is Driving The Elevator and Escalator Market? Elevator And Escalator Market Set To Soar With Surge In Infrastructure Investments

The increase in infrastructure investment is expected to propel the growth of the elevator and escalator market going forward. Infrastructure refers to the construction of real assets such as bridges, roads, and buildings. With the increasing heights of buildings, the requirement for elevators and escalators has also increased, to save time and provide effectiveness for people. For instance, in September 2024, according to the US Census Bureau, a US-based government agency, construction spending was estimated at a seasonally adjusted annual rate of $2,162.7 billion in July 2024, marking a 6.7 percent increase (±1.8 percent) compared to the $2,027.4 billion spent in July 2023. Additionally, total public construction increased to $270,803 million in July 2024 compared to $243,948 in 2023. Therefore, the increase in infrastructure investments is driving the growth of the elevator and escalator markets.

What Is Driving The Elevator and Escalator Market? Elevators And Escalators Market Thrives On The Surge Of Smart Cities Globally

The elevators and escalators market is expected to be supported by rapid growth in smart cities in the forecast period. A smart city is a technologically modern urban area that uses different types of electronic methods and sensors to collect specific data. Increasingly smart cities are driving the need for smart elevators and escalators to be added. For example, according to CITyFiED, a Spain-based project funded by the European Union’s Seventh Program, the number of smart homes in Europe is expected to reach 84 million by the end of 2022, with Germany, the UK, and France pushing the market forward. For instance, the smart home penetration rate in the UK is expected to reach 63% by 2025. Therefore, increasing smart cities is expected to act as a driver for the elevators and escalators market

Who Are The Major Players In The Global Elevator and Escalator Market?

Major companies operating in the elevator and escalator market include Schindler Group, Otis Worldwide Corporation, Kone Corporation, Hitachi Ltd, Mitsubishi Electric Corporation, Toshiba Corporation, Fijutec Co. Ltd, Hyundai Elevator Ltd, Canny Elevator Co. Ltd., WINONE Elevator Co. Ltd, Symax Lift (China) Co. Ltd, Nantong Fuji Elevator Co. Ltd, Volkslift, Ningbo Hosting Elevator Co. Ltd, General Elevator Co. Ltd, SAIL Intelligent Elevator (Suzhou) Co. Ltd, Huzhou Fuji Elevator Co. Ltd, Suzhou Towards Elevator Co. Ltd, SEPL India Ltd, Orbis Elevator, IEC LIFTS, IFE Elevators CO. LTD, Expert Lift ltd, Liftronic, Brilliant Lifts Australia, Orbitz Elevators, Yusaki Elevator, Blue Star Elevators, Omega-Elevators, MAS Industries, Escon Elevators Pvt. Ltd, Sanei Manufacturing Co. Ltd, Vintec Elevator, Thyssenkrupp AG, GMV Poland, Schmitt + Sohn, United Technologies, Nu-Line, Delta Elevator Co Ltd, AVT Beckett Elevators, True Canadian Elevator, Alphalift Ltd., Arabian Elevators & Engineering Co LLC, Gulf Tech Elevators LLC, Orient Lines Elevators, HAUSLIFT, Logan Davex, Trent Park Engineering

What Are The Key Trends Of The Global Elevator and Escalator Market? KONE DX Class Elevators Pioneering the Future of Smart Building Technology

Major companies operating in the elevator and escalator market are focusing on technological innovations, such as digitally connected elevators, to provide enhanced user experiences and improve operational efficiency in modern buildings. Digitally connected elevators refer to elevators integrated with advanced digital technologies, such as the Internet of Things (IoT), cloud computing, and artificial intelligence (AI), to enhance their functionality, safety, and efficiency. For instance, in April 2022, Kone Oyj, a Finland-based Engineering company, launched the ground-breaking digitally connected KONE DX Class elevator line, which applied the most advanced API (Application Programming Interface) technology. The KONE DX Class elevators are equipped with advanced digital features that allow for seamless integration with building management systems. This connectivity enables real-time monitoring and data analytics, improving maintenance and operational efficiencies.

What Are The Key Trends Of The Global Elevator and Escalator Market? IoT Integration Takes Elevator And Escalator Market To New Heights With Real-Time Monitoring And Rapid Support

The Internet of Things (IoT) is a key trend gaining popularity in the elevator and escalator market. IoT enables the flow of information and quick decisions by connecting people, machines, and services. Major elevator and escalator companies operating in elevators and escalators are focusing on Internet of Things (IoT) technology to launch technologically advanced products in the market. For instance, in September 2022, Johnson Lifts, an India-based company that manufactures lifts and escalators introduced an IoT-based wireless program WATCH (Wireless Assessment to Troubleshoot Channelize & Host) connects the elevators to the data center via the IoT device in the elevator. With the use of this new technology, lifts will be able to be monitored in real-time so that a team of highly qualified technicians can be alerted and offer rapid support to clients and maintain a trouble-free performance, increasing lift reliability.

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Elevator and Escalator Market Merger And Acquisition: Lödige Industries Expands Elevator Service Portfolio With Acquisition Of Northern Elevator Limited

In August 2022, Lodige Industries, a Germany-based supplier of lift solutions, acquired Northern Elevator Limited for an undisclosed amount. Through this acquisition, Lödige Industries boosted its servicing capacity, maintaining, and repairing all lift types, including passenger lifts, and catered for the demand for its goods in the northern part of the UK. Northern Elevator Limited is a UK-based elevator company specializing in the fabrication, installation, and reselling of residential & passenger elevators.

Regional Outlook For The Global Elevator and Escalator Market

Asia-Pacific was the largest region in the elevator and escalator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Defines the Elevator and Escalator Market?

The elevator and escalator market consists of sales of step-type elevators, belt-type elevators, cleat-type elevators, spiral elevators, and vacuums among others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Elevator and Escalator Industry?

The elevator and escalator market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the elevator and escalator industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Elevator and Escalator Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $124.87 billion
Revenue Forecast In 2034 $169.76 billion
Growth Rate CAGR of 8% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Product: Elevators, Escalators, Moving Walkway
2) By Business: New Equipment, Maintenance, Modernization
3) By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic
4) By End User: Residential, Commercial, Institutional, Infrastructure, Other End Users Subsegments: 1) By Elevators: Passenger Elevators, Freight Elevators, Service Elevators, Dumbwaiters
2) By Escalators: Commercial Escalators, Industrial Escalators, Escalators for Public Transport
3) By Moving Walkways: Parallel Moving Walkways, Inclined Moving Walkways, Automated Walkways
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Schindler Group, Otis Worldwide Corporation, Kone Corporation, Hitachi Ltd, Mitsubishi Electric Corporation, Toshiba Corporation, Fijutec Co. Ltd, Hyundai Elevator Ltd, Canny Elevator Co. Ltd., WINONE Elevator Co. Ltd, Symax Lift (China) Co. Ltd, Nantong Fuji Elevator Co. Ltd, Volkslift, Ningbo Hosting Elevator Co. Ltd, General Elevator Co. Ltd, SAIL Intelligent Elevator (Suzhou) Co. Ltd, Huzhou Fuji Elevator Co. Ltd, Suzhou Towards Elevator Co. Ltd, SEPL India Ltd, Orbis Elevator, IEC LIFTS, IFE Elevators CO. LTD, Expert Lift ltd, Liftronic, Brilliant Lifts Australia, Orbitz Elevators, Yusaki Elevator, Blue Star Elevators, Omega-Elevators, MAS Industries, Escon Elevators Pvt. Ltd, Sanei Manufacturing Co. Ltd, Vintec Elevator, Thyssenkrupp AG, GMV Poland, Schmitt + Sohn, United Technologies, Nu-Line, Delta Elevator Co Ltd, AVT Beckett Elevators, True Canadian Elevator, Alphalift Ltd., Arabian Elevators & Engineering Co LLC, Gulf Tech Elevators LLC, Orient Lines Elevators, HAUSLIFT, Logan Davex, Trent Park Engineering
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Table Of Contents

1. Executive Summary

2. Elevator and Escalator Market Characteristics

3. Elevator and Escalator Market Trends And Strategies

4. Elevator and Escalator Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Elevator and Escalator Growth Analysis And Strategic Analysis Framework

5.1. Global Elevator and Escalator PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Elevator and Escalator Market Growth Rate Analysis

5.4. Global Elevator and Escalator Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Elevator and Escalator Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Elevator and Escalator Total Addressable Market (TAM)

6. Elevator and Escalator Market Segmentation

6.1. Global Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Elevators

Escalators

Moving Walkway

6.2. Global Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

New Equipment

Maintenance

Modernization

6.3. Global Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Traction Elevator

Machine Room Less Traction Elevator

Hydraulic

6.4. Global Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Residential

Commercial

Institutional

Infrastructure

Other End Users

6.5. Global Elevator and Escalator Market, Sub-Segmentation Of Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Passenger Elevators

Freight Elevators

Service Elevators

Dumbwaiters

6.6. Global Elevator and Escalator Market, Sub-Segmentation Of Escalators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Commercial Escalators

Industrial Escalators

Escalators for Public Transport

6.7. Global Elevator and Escalator Market, Sub-Segmentation Of Moving Walkways, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Parallel Moving Walkways

Inclined Moving Walkways

Automated Walkways

7. Elevator and Escalator Market Regional And Country Analysis

7.1. Global Elevator and Escalator Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Elevator and Escalator Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Elevator and Escalator Market

8.1. Asia-Pacific Elevator and Escalator Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Elevator and Escalator Market

9.1. China Elevator and Escalator Market Overview

9.2. China Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Elevator and Escalator Market

10.1. India Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Elevator and Escalator Market

11.1. Japan Elevator and Escalator Market Overview

11.2. Japan Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Elevator and Escalator Market

12.1. Australia Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Elevator and Escalator Market

13.1. Indonesia Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Elevator and Escalator Market

14.1. South Korea Elevator and Escalator Market Overview

14.2. South Korea Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Elevator and Escalator Market

15.1. Western Europe Elevator and Escalator Market Overview

15.2. Western Europe Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Elevator and Escalator Market

16.1. UK Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Elevator and Escalator Market

17.1. Germany Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Elevator and Escalator Market

18.1. France Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Elevator and Escalator Market

19.1. Italy Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Elevator and Escalator Market

20.1. Spain Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Elevator and Escalator Market

21.1. Eastern Europe Elevator and Escalator Market Overview

21.2. Eastern Europe Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Elevator and Escalator Market

22.1. Russia Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Elevator and Escalator Market

23.1. North America Elevator and Escalator Market Overview

23.2. North America Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Elevator and Escalator Market

24.1. USA Elevator and Escalator Market Overview

24.2. USA Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Elevator and Escalator Market

25.1. Canada Elevator and Escalator Market Overview

25.2. Canada Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Elevator and Escalator Market

26.1. South America Elevator and Escalator Market Overview

26.2. South America Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Elevator and Escalator Market

27.1. Brazil Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Elevator and Escalator Market

28.1. Middle East Elevator and Escalator Market Overview

28.2. Middle East Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Elevator and Escalator Market

29.1. Africa Elevator and Escalator Market Overview

29.2. Africa Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Elevator and Escalator Market Competitive Landscape And Company Profiles

30.1. Elevator and Escalator Market Competitive Landscape

30.2. Elevator and Escalator Market Company Profiles

30.2.1. Schindler Group Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Otis Worldwide Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Kone Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Hitachi Ltd Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Mitsubishi Electric Corporation Overview, Products and Services, Strategy and Financial Analysis

31. Elevator and Escalator Market Other Major And Innovative Companies

31.1. Toshiba Corporation

31.2. Fijutec Co. Ltd

31.3. Hyundai Elevator Ltd

31.4. Canny Elevator Co. Ltd.

31.5. WINONE Elevator Co. Ltd

31.6. Symax Lift (China) Co. Ltd

31.7. Nantong Fuji Elevator Co. Ltd

31.8. Volkslift

31.9. Ningbo Hosting Elevator Co. Ltd

31.10. General Elevator Co. Ltd

31.11. SAIL Intelligent Elevator (Suzhou) Co. Ltd

31.12. Huzhou Fuji Elevator Co. Ltd

31.13. Suzhou Towards Elevator Co. Ltd

31.14. SEPL India Ltd

31.15. Orbis Elevator

32. Global Elevator and Escalator Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Elevator and Escalator Market

34. Recent Developments In The Elevator and Escalator Market

35. Elevator and Escalator Market High Potential Countries, Segments and Strategies

35.1 Elevator and Escalator Market In 2029 - Countries Offering Most New Opportunities

35.2 Elevator and Escalator Market In 2029 - Segments Offering Most New Opportunities

35.3 Elevator and Escalator Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Elevator and Escalator Market, Sub-Segmentation Of Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Elevator and Escalator Market, Sub-Segmentation Of Escalators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Elevator and Escalator Market, Sub-Segmentation Of Moving Walkways, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Elevator and Escalator Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Global Elevator and Escalator Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: Asia-Pacific, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: China, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: India, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Japan, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Australia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: Indonesia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: South Korea, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: Western Europe, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: UK, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: Germany, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: France, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Italy, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Spain, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Eastern Europe, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: Russia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: North America, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: USA, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: Canada, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: South America, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Brazil, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Middle East, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Africa, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 78: Schindler Group Financial Performance
  • Table 79: Otis Worldwide Corporation Financial Performance
  • Table 80: Kone Corporation Financial Performance
  • Table 81: Hitachi Ltd Financial Performance
  • Table 82: Mitsubishi Electric Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Elevator and Escalator Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Elevator and Escalator Market, Sub-Segmentation Of Elevators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Elevator and Escalator Market, Sub-Segmentation Of Escalators, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Elevator and Escalator Market, Sub-Segmentation Of Moving Walkways, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Elevator and Escalator Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Global Elevator and Escalator Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: Asia-Pacific, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: China, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: India, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Japan, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Australia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: Indonesia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: South Korea, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: Western Europe, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: UK, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: Germany, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: France, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Italy, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Spain, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Eastern Europe, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: Russia, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: North America, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: USA, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: Canada, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: South America, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Brazil, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Middle East, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Elevator and Escalator Market, Segmentation By Product, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Elevator and Escalator Market, Segmentation By Business, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Africa, Elevator and Escalator Market, Segmentation By Elevator Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 78: Schindler Group Financial Performance
  • Figure 79: Otis Worldwide Corporation Financial Performance
  • Figure 80: Kone Corporation Financial Performance
  • Figure 81: Hitachi Ltd Financial Performance
  • Figure 82: Mitsubishi Electric Corporation Financial Performance

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Frequently Asked Questions

An elevator refers to a room-type machine that can accommodate some people at one time depending on its capacity. Escalators are moving stairs that carry people between different building levels. Elevators and escalators are mostly used in buildings to carry both passengers and freight up and down across various levels of a building. For further insights on this market, request a sample here

The market major growth driver - Elevator And Escalator Market Set To Soar With Surge In Infrastructure Investments. For further insights on this market, request a sample here

The elevator and escalator market size has grown strongly in recent years. It will grow from $117.58 billion in 2024 to $124.87 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to supportive government initiatives, increased focus on energy-efficient elevators, and an increase in infrastructure investment. The elevator and escalator market size is expected to see strong growth in the next few years. It will grow to $169.76 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to the rising construction of skyscrapers, a boost in construction spending, rising urbanization, and increasing smart cities. Major trends in the forecast period include focusing on Internet of Things (IoT) technology, focus on gearless technology-powered elevators, focus on green home elevators, focus on product innovations and developing new products, and undergoing partnerships to reach new geographies and incorporate advanced technologies. For further insights on this market, request a sample here

The elevator and escalatormarket covered in this report is segmented –
1) By Product: Elevators, Escalators, Moving Walkway
2) By Business: New Equipment, Maintenance, Modernization
3) By Elevator Technology: Traction Elevator, Machine Room Less Traction Elevator, Hydraulic
4) By End User: Residential, Commercial, Institutional, Infrastructure, Other End Users Subsegments:
1) By Elevators: Passenger Elevators, Freight Elevators, Service Elevators, Dumbwaiters
2) By Escalators: Commercial Escalators, Industrial Escalators, Escalators for Public Transport
3) By Moving Walkways: Parallel Moving Walkways, Inclined Moving Walkways, Automated Walkways For further insights on this market, request a sample here

Asia-Pacific was the largest region in the elevator and escalator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the elevator and escalator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Major companies operating in the elevator and escalator market include Schindler Group, Otis Worldwide Corporation, Kone Corporation, Hitachi Ltd, Mitsubishi Electric Corporation, Toshiba Corporation, Fijutec Co. Ltd, Hyundai Elevator Ltd, Canny Elevator Co. Ltd., WINONE Elevator Co. Ltd, Symax Lift (China) Co. Ltd, Nantong Fuji Elevator Co. Ltd, Volkslift, Ningbo Hosting Elevator Co. Ltd, General Elevator Co. Ltd, SAIL Intelligent Elevator (Suzhou) Co. Ltd, Huzhou Fuji Elevator Co. Ltd, Suzhou Towards Elevator Co. Ltd, SEPL India Ltd, Orbis Elevator, IEC LIFTS, IFE Elevators CO. LTD, Expert Lift ltd, Liftronic, Brilliant Lifts Australia, Orbitz Elevators, Yusaki Elevator, Blue Star Elevators, Omega-Elevators, MAS Industries, Escon Elevators Pvt. Ltd, Sanei Manufacturing Co. Ltd, Vintec Elevator, Thyssenkrupp AG, GMV Poland, Schmitt + Sohn, United Technologies, Nu-Line, Delta Elevator Co Ltd, AVT Beckett Elevators, True Canadian Elevator, Alphalift Ltd., Arabian Elevators & Engineering Co LLC, Gulf Tech Elevators LLC, Orient Lines Elevators, HAUSLIFT, Logan Davex, Trent Park Engineering . For further insights on this market, request a sample here.

Major trends in this market include KONE DX Class Elevators Pioneering the Future of Smart Building Technology. For further insights on this market, request a sample here.

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Global Elevator and Escalator Market Report 2025

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