Product Code: 2790
Global Escalators & Moving Walkways Market is projected to grow remarkably over 2023-2032 owing to increasing population and urbanization in developing countries. Moreover, the upsurge in tourism activities and the vertical expansion of the existing skyline are likely to complement product uptake in the upcoming years.
The number of people using public transportation and visiting commercial spaces has risen significantly in the post-pandemic scenario. As per resources, retail shopping malls in India have observed the highest growth since 2019, with 31 new shopping malls planned to open in 2023. Escalators and moving walkways help manage the increasing passenger traffic by facilitating smooth and efficient movement, reducing congestion, and improving overall customer experience.
The key players in the escalators & moving walkways market are focusing on strategic partnerships and mergers to attain a competitive edge. For instance, in May 2023, Otis Elevator Company, an elevator and escalator manufacturer, launched Otis ONE IoT service platforms in the Middle East region including UAE, Kuwait, Qatar, Bahrain, and the Kingdom of Saudi Arabia. With this, the company aims to expand its vertical mobility business in smart city projects worldwide.
The escalators & moving walkways market is bifurcated based on product of application, application, and region.
With respect to the product of application, the industry is classified into escalators and moving walkways. The moving walkways market is primed to depict a remarkable CAGR between 2023 and 2032. Many cities are investing in improving their public transportation infrastructure to address traffic congestion and promote sustainable mobility. Moving walkways are being integrated into metro stations, bus terminals, and other transit hubs to enhance connectivity and provide seamless passenger transfer.
From the application perspective, the escalators & moving walkways market is divided into public transit, airports, retail, institutional, and others. The public transit segment is projected to reach over $5 billion by the end of 2032 as these mechanical devices help passengers to travel easily in railway stations, subways, metro stations, and bus stations. Escalators play a crucial role in public transit owing to their minimum wait time and continuous traffic flow.
Regionally, the North America escalators & moving walkways market could be worth $3 billion by 2032. The presence of high-rise skyscrapers and well-equipped buildings and commercial spaces in countries such as the U.S. are fueling product adoption. Moreover, fast-paced infrastructure development in several parts of Canada will further support regional industry growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimation & working
- 1.3 Forecast calculations
- 1.3.1 Region-wise COVID-19 impact analysis
- 1.3.2 North America
- 1.3.3 Europe
- 1.3.4 Asia Pacific
- 1.3.5 Latin America
- 1.3.6 Middle East & Africa
- 1.4 Data Sources
- 1.4.1 Primary sources
- 1.4.2 Secondary sources
Chapter 2 Executive Summary
- 2.1 Escalators & Moving Walkways industry 360 degree synopsis, 2018 - 2028
- 2.2 Business trends
- 2.3 Product trends
- 2.4 Product by application trends
- 2.5 Application trends
- 2.6 Regional trends
Chapter 3 Escalators & Moving Walkways Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size & Forecast, 2018 - 2028
- 3.2.1 COVID-19 impact on industry
- 3.3 Industry ecosystem analysis
- 3.3.1 Raw material analysis
- 3.3.2 Manufacturing trends
- 3.3.3 Profit margin
- 3.3.4 Value addition
- 3.3.5 Distribution channel analysis
- 3.3.6 After sales services
- 3.3.7 Vendor matrix
- 3.3.7.1 List of key raw material manufacture/ suppliers
- 3.3.7.2 List of key manufacturers
- 3.3.7.3 List of service providers
- 3.3.7.4 List of potential customers
- 3.4 Raw material trends
- 3.5 Innovation & sustainability
- 3.5.1 Patent analysis
- 3.5.2 Technology landscape
- 3.5.3 Production process
- 3.5.4 Comparison of different equipment
- 3.5.5 Future trends
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 The increasing population and growing urbanization in various regions
- 3.6.1.2 Increasing activities for airports and metro constructions
- 3.6.2 Industry pitfalls and challenges
- 3.6.2.1 High capital and maintenance cost
- 3.7 Regulatory landscape
- 3.7.1 U.S.
- 3.7.2 Europe
- 3.7.3 China
- 3.8 Growth potential analysis
- 3.9 Regional price trends
- 3.9.1 Cost structure analysis
- 3.9.1.1 R&D Cost
- 3.9.1.2 Manufacturing and Equipment cost
- 3.9.1.3 Raw Material Cost
- 3.9.1.4 Distribution Cost
- 3.9.1.5 Operating Cost
- 3.9.1.6 Miscellaneous Cost
- 3.10 Competitive landscape, 2021
- 3.10.1 Company market share analysis, 2021
- 3.10.2 Brand analysis
- 3.10.3 Key stake holders
- 3.10.4 Strategy dashboard
- 3.11 Porter's analysis
- 3.11.1 Supplier power
- 3.11.2 Buyer power
- 3.11.3 Threat of new entrants
- 3.11.4 Industry rivalry
- 3.11.5 Threat of substitutes
- 3.12 PESTEL analysis
- 3.13 COVID-19 impact on escalator & moving walkways demand, by application
- 3.13.1 Public transit
- 3.13.2 Airports
- 3.13.3 Retail
- 3.13.4 Institutional
- 3.13.5 Others
Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Company market share analysis by region, 2021
- 4.3 Competitive analysis of major market players
- 4.4 Vendor adoption matrix
- 4.5 Strategic outlook matrix
Chapter 5 Escalators & Moving Walkways Market, By Product by Application
- 5.1 Global escalators & moving walkways market product insights
- 5.2 Escalators
- 5.2.1 Market estimates and forecast, by application, 2018 - 2032
- 5.2.2 Market estimate and forecast, by region 2018 - 2032
- 5.2.3 Parallel Escalators
- 5.2.3.1 Market estimates and forecast, by application, 2018 - 2032
- 5.2.3.2 Market estimate and forecast, by region 2018 - 2032
- 5.2.4 Multi-parallel escalators
- 5.2.4.1 Market estimates and forecast, by application, 2018 - 2032
- 5.2.4.2 Market estimate and forecast, by region 2018 - 2032
- 5.2.5 Other Escalators
- 5.2.5.1 Market estimates and forecast, by application, 2018 - 2032
- 5.2.5.2 Market estimate and forecast, by region 2018 - 2032
- 5.3 Moving walkways
- 5.3.1 Market estimates and forecast, by application, 2018 - 2032
- 5.3.2 Market estimate and forecast, by region 2018 - 2032
Chapter 6 Escalators & Moving Walkways Market, By Application
- 6.1 Global escalators & moving walkways market application insights
- 6.2 Public transit
- 6.2.1 Market estimate and forecast 2018 - 2032
- 6.2.2 Market estimate and forecast, by region 2018 - 2032
- 6.3 Airports
- 6.3.1 Market estimate and forecast 2018 - 2032
- 6.3.2 Market estimate and forecast, by region 2018 - 2032
- 6.4 Retail
- 6.4.1 Market estimate and forecast 2018 - 2032
- 6.4.2 Market estimate and forecast, by region 2018 - 2032
- 6.5 Institutional
- 6.5.1 Market estimate and forecast 2018 - 2032
- 6.5.2 Market estimate and forecast, by region 2018 - 2032
- 6.6 Others (Leisure, Sports complex, etc.)
- 6.6.1 Market estimate and forecast 2018 - 2032
- 6.6.2 Market estimate and forecast, by region 2018 - 2032
Chapter 7 Escalators & Moving Walkways Market, By Region
- 7.1 Global escalators & moving walkways market region insights
- 7.2 North America
- 7.2.1 Market estimate and forecast, 2018 - 2032
- 7.2.2 Market estimates and forecast, by product, 2018 - 2032
- 7.2.3 Market estimates and forecast, by product by application, 2018 - 2032
- 7.2.4 Market estimates and forecast, by application, 2018 - 2032
Similar information is provided for
- 7.3 Europe
- 7.3.1 Market estimate and forecast, 2018 - 2032
- 7.3.2 Market estimates and forecast, by product, 2018 - 2032
- 7.3.3 Market estimates and forecast, by product by application, 2018 - 2032
- 7.3.4 Market estimates and forecast, by application, 2018 - 2032
Similar information is provided for
- 7.3.5 Germany
- 7.3.6 UK
- 7.3.7 France
- 7.3.8 Spain
- 7.3.9 Italy
- 7.3.10 Russia
- 7.4 Asia Pacific
- 7.4.1 Market estimate and forecast, 2018 - 2032
- 7.4.2 Market estimates and forecast, by product, 2018 - 2032
- 7.4.3 Market estimates and forecast, by product by application, 2018 - 2032
- 7.4.4 Market estimates and forecast, by application, 2018 - 2032
Similar information is provided for
- 7.4.5 China
- 7.4.6 India
- 7.4.7 Japan
- 7.4.8 Australia
- 7.4.9 Indonesia
- 7.4.10 Malaysia
- 7.4.11 South Korea
- 7.5 Latin America
- 7.5.1 Market estimate and forecast, 2018 - 2032
- 7.5.2 Market estimates and forecast, by product, 2018 - 2032
- 7.5.3 Market estimates and forecast, by product by application, 2018 - 2032
- 7.5.4 Market estimates and forecast, by application, 2018 - 2032
Similar information is provided for
- 7.5.5 Brazil
- 7.5.6 Mexico
- 7.6 Middle East & Africa
- 7.6.1 Market estimate and forecast, 2018 - 2032
- 7.6.2 Market estimates and forecast, by product, 2018 - 2032
- 7.6.3 Market estimates and forecast, by product by application, 2018 - 2032
- 7.6.4 Market estimates and forecast, by application, 2018 - 2032
Similar information is provided for
- 7.6.5 South Africa
- 7.6.6 Saudi Arabia
- 7.6.7 UAE
- 7.6.8 Kuwait
Chapter 8 Company Profiles
- 8.1 Kone Corporation
- 8.1.1 Business overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
- 8.2 Otis Elevator Company
- 8.2.1 Business overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 Schindler
- 8.3.1 Business overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 Mitsubishi Electric Corporation
- 8.4.1 Business overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 Fujitec Co., Ltd.
- 8.5.1 Business overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Thyssenkrupp Elevator Technology (Thyssenkrupp AG)
- 8.6.1 Business overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 Hitachi Ltd.
- 8.7.1 Business overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 Hyundai Elevator Co. Ltd.
- 8.8.1 Business overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 SWOT Analysis
- 8.9 Toshiba Corporation
- 8.9.1 Business overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 SWOT Analysis
- 8.10 Sigma elevator company
- 8.10.1 Business overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 SWOT Analysis
- 8.11 Stannah
- 8.11.1 Business overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 SWOT Analysis
- 8.12 Sicher Elevator Company Ltd.
- 8.12.1 Business overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 SWOT Analysis
- 8.13 KLEEMANN Hellas SA
- 8.13.1 Business overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 SWOT Analysis
- 8.14 Escon Elevators Private Limited
- 8.14.1 Business overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 SWOT Analysis
- 8.15 Gulf Elevator & Escalator Co. Ltd.
- 8.15.1 Business overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 SWOT Analysis