Escalators Moving Walkway Market

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.

The Global Escalators Moving Walkway Market Industry is poised for substantial growth, with projections indicating a market value of 13.9 USD Billion in 2024, expanding to 19.8 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate (CAGR) of 3.24% from 2025 to 2035. Such figures highlight the increasing reliance on escalators and moving walkways in various sectors, including transportation, retail, and public infrastructure. The market's expansion is likely to be driven by urbanization, technological advancements, and heightened safety standards, positioning it as a vital component of modern infrastructure.

Technological innovations play a crucial role in shaping the Global Escalators Moving Walkway Market Industry. The integration of smart technologies, such as IoT and energy-efficient systems, enhances the functionality and sustainability of escalators and moving walkways. For instance, manufacturers are increasingly adopting regenerative drives that reduce energy consumption, appealing to environmentally conscious consumers. This shift towards smarter solutions is likely to attract investments, contributing to the market's growth. By 2035, the market is expected to reach 19.8 USD Billion, indicating a strong correlation between technological advancements and market expansion.

Safety regulations and standards are becoming increasingly stringent in the Global Escalators Moving Walkway Market Industry. Governments and regulatory bodies are emphasizing the need for enhanced safety features in escalators and moving walkways, such as emergency stop buttons, sensors, and anti-slip surfaces. This heightened focus on safety not only protects users but also boosts consumer confidence in these systems. Consequently, manufacturers are compelled to innovate and comply with these regulations, which may lead to increased operational costs but ultimately fosters a safer environment. This trend is likely to sustain market growth as safety remains a priority.

The aging population worldwide is influencing the Global Escalators Moving Walkway Market Industry significantly. As the demographic shifts towards an older population, there is an increasing demand for accessibility solutions in public spaces. Escalators and moving walkways provide essential support for individuals with mobility challenges, ensuring they can navigate urban environments with ease. This growing need for accessibility is likely to drive market growth, as cities and facilities adapt to accommodate an aging demographic. The emphasis on inclusivity and accessibility is expected to shape the future landscape of escalators and moving walkways.

The rapid pace of urbanization globally drives the demand for escalators and moving walkways. As cities expand, the need for efficient transportation solutions within commercial and public spaces becomes paramount. The Global Escalators Moving Walkway Market Industry is witnessing significant growth, with projections indicating a market value of 13.9 USD Billion in 2024. Urban infrastructure projects, such as airports, shopping malls, and transit stations, increasingly incorporate escalators and moving walkways to enhance accessibility and improve passenger flow. This trend suggests a robust market trajectory as urban centers continue to evolve and expand.

The retail and commercial sectors are significant contributors to the Global Escalators Moving Walkway Market Industry. As shopping centers and commercial complexes expand, the need for efficient vertical transportation solutions becomes more pronounced. Escalators and moving walkways facilitate smoother customer movement, enhancing the shopping experience. With the projected market growth rate of 3.24% CAGR from 2025 to 2035, the retail sector's demand for these systems is expected to remain robust. This trend underscores the importance of escalators and moving walkways in modern retail environments, where customer convenience is paramount.

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 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.