The Market Reports

Synopsis
The global market for Elevator and Escalator was estimated to be worth US$ 48420 million in 2024 and is forecast to a readjusted size of US$ 57670 million by 2031 with a CAGR of 2.5% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Elevator and Escalator cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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 aims to provide a comprehensive presentation of the global market for Elevator and Escalator, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Elevator and Escalator by region & country, by Type, and by Application.
The Elevator and Escalator market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Elevator and Escalator.
Market Segmentation
By Company
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
Segment by Type
Elevator (Vertical)
Escalator
Moving Walkway
Segment by Application
Residential
Commercial Buildings
Rail Transit
Schools & Hospital
Airports
Industrial
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Elevator and Escalator manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Elevator and Escalator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Elevator and Escalator in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index