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Escalator Market Size to Reach USD 37.7 Billion By 2024

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The global escalator market is expected to grow at a CAGR of 4.4% over the forecast period.
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Escalator Market Size, Share, Industry Analysis, Trends, Growth
and Forecast to 2024 - Hexa Research
"The global escalator market is expected to grow at a
CAGR of 4.4% over the forecast period. Among the
various growth factors, increasing urbanization and
ageing population are expected to play a key role."
The global Escalator Market to reach USD 37.7 billion by 2024. Growth in construction industry at large,
urbanisation, and investment in infrastructure are among the key factors which are expected to drive the global
escalator market over the forecast period. However, safety concerns related to escalators, especially accidents
involving children, presents a concern that may affect the deployment rate of escalators.
Asia Pacific presents potential growth market with China and India presenting key growth opportunities for the
market. The said countries are witnessing urbanisation and associated infrastructural growth with the
development of multiple commercial establishments including shopping malls. Besides, inves tment in airports
and metro projects are also expected to add to the prospect of the market in the coming years. On the other
hand, Europe and North America regions are experiencing growth in the modernization segment.
Escalator market is segmented by types as step type escalator, moving walkways, and spiral escalators. Among
the three types, step type escalators dominate the global market due to more requirement at places such as
shopping malls and museums
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Moving walkways are majorly used at large establishments such as airports. Moving walkways are installed to
ease passenger mobility as these are mostly connected from terminal to the gates. On the other hand, spiral
escalators are experiencing substantial growth with increase in innovative designs and architectures.
New installation market holds major share in developing countries such as china and India. While maintenance
segment is relatively strong in terms of revenue contribution due to periodic maintenance and repairs of in -use
escalators. Countries such as Germany and Canada are witnessing growth in the modernization service
segment.
The market is marked by the presence of multiple active players such as KONE CORPORATION, Schindler, Otis
Elevator Company, thyssenkrupp AG, Mitsubishi Electric Corporation, Hitachi Ltd., and TOSHIBA ELEVATOR AND
BUILDING SYSTEMS CORPORATION.
Hexa Research has segmented the global escalator market on the basis of type, services and region:
Segmentation by type 2014 – 2024 (USD Million)
• Step type escalator
• Moving walkways
• Spiral escalators
Segmentation by services, 2014 – 2024 (USD Million)
• New installation
• Maintenance and Overhaul
• Modernization
Segmentation by region, 2014 – 2024 (USD Million)
• North America
• Asia-Pacific
• Europe
• Middle East & Africa
• Rest of world
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Key players analyzed:
• KONE CORPORATION
• Otis Elevator Company
• Schindler
• Mitsubishi Electric Corporation
• thyssenkrupp AG
• Hitachi Ltd.
• TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION
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Table of Content of Escalator Market
Chapter 1. Market Summary
1.1. Market trends & movement
Chapter 2. Global Escalator Market Trends: Drivers & Opportunities
2.1. Introduction
2.2. Key industry trends
2.3. Market drivers
2.4. Market restraints
2.5. Value chain analysis
2.6. Porter's Five Forces analysis
2.7. SWOT
2.8. Regulatory framework
Chapter 3. Global Escalator Market Trends, By Type
3.1. Global Escalator market movement, by type, 2016 & 2024
3.1.1. Step type escalator
3.1.1.1. Market estimates and forecast, 2014 – 2024 (USD Million)
3.1.2. Moving walkways
3.1.2.1. Market estimates and forecast, 2014 – 2024 (USD Million)
3.1.3. Spiral escalator
3.1.3.1. Market estimates and forecast, 2014 – 2024 (USD Million)
Chapter 4. Global Escalator Market Trends, By Service
4.1. Global Escalator market movement, by service, 2016 & 2024
4.1.1. New installation
4.1.1.1. Market estimates and forecast, 2014 – 2024 (USD Million)
4.1.2. Maintenance and Overhaul
4.1.2.1. Market estimates and forecast, 2014 – 2024 (USD Million)
4.1.3. Modernization
4.1.3.1. Market estimates and forecast, 2014 – 2024 (USD Million)
Chapter 5. Global Escalator Market Trends, By Region
5.1. Global escalator market movement, by region, 2014 & 2024
5.1.1. North America
5.1.1.1. Market estimates and forecast, 2014 – 2024 (USD Million)
5.1.1.2. Market estimates and forecast, by type, 2014 – 2024 (USD Million)
5.1.1.3. Market estimates and forecast, by service, 2014 – 2024 (USD Million)
5.1.2. Europe
5.1.2.1. Market estimates and forecast, 2014 – 2024 (USD Million)
5.1.2.2. Market estimates and forecast, by type, 2014 – 2024 (USD Million)
5.1.2.3. Market estimates and forecast, by service, 2014 – 2024 (USD Million)
5.1.3. Asia Pacific
5.1.3.1. Market estimates and forecast, 2014 – 2024 (USD Million)
5.1.3.2. Market estimates and forecast, by type, 2014 – 2024 (USD Million)
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5.1.3.3. Market estimates and forecast, by service, 2014 – 2024 (USD Million)
5.1.4. Middle East & Africa
5.1.4.1. Market estimates and forecast, 2014 – 2024 (USD Million)
5.1.4.2. Market estimates and forecast, by type, 2014 – 2024 (USD Million)
5.1.4.3. Market estimates and forecast, by service, 2014 – 2024 (USD Million)
5.1.5. Rest of world
5.1.5.1. Market estimates and forecast, 2014 – 2024 (USD Million)
5.1.5.2. Market estimates and forecast, by type, 2014 – 2024 (USD Million)
5.1.5.3. Market estimates and forecast, by service, 2014 – 2024 (USD Million)
Chapter 6. Competitive Landscape
6.1. Competitive landscape analysis, 2016
6.2. Strategic framework
6.3. Potential customer base concentration
6.4. Company market positioning
6.5. Company profiles
6.5.1. KONE CORPORATION
6.5.1.1. Company Overview
6.5.1.2. Product Benchmarking
6.5.1.3. Financial Performance
6.5.1.4. Recent Initiatives
6.5.2. Otis Elevator Company
6.5.2.1. Company Overview
6.5.2.2. Product Benchmarking
6.5.2.3. Financial Performance
6.5.2.4. Recent Initiatives
6.5.3. Schindler
6.5.3.1. Company Overview
6.5.3.2. Product Benchmarking
6.5.3.3. Financial Performance
6.5.3.4. Recent Initiatives
6.5.4. Mitsubishi Electric Corporation
6.5.4.1. Company Overview
6.5.4.2. Product Benchmarking
6.5.4.3. Financial Performance
6.5.4.4. Recent Initiatives
6.5.5. thyssenkrupp AG
6.5.5.1. Company Overview
6.5.5.2. Product Benchmarking
6.5.5.3. Financial Performance
6.5.5.4. Recent Initiatives
6.5.6. Hitachi Ltd.
6.5.6.1. Company Overview
6.5.6.2. Product Benchmarking
6.5.6.3. Financial Performance
6.5.6.4. Recent Initiatives
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6.5.7. TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION
6.5.7.1. Company Overview
6.5.7.2. Product Benchmarking
6.5.7.3. Financial Performance
6.5.7.4. Recent Initiatives
6.5.8. List of other vendors
Chapter 7. Methodology and Scope
7.1. Research methodology
7.2. Research Scope & Assumptions
7.3. List of data sources
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and consulting services to a host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients obtain clarity about their business
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