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Top Factor Driving Escalators and Moving Walkways Market Growth in 2025: Global Growth In Commercial Real Estate Fuels Escalators And Moving Walkways Market
Escalators and Moving Walkways Market
The global escalators and moving walkways market is expected to see substantial growth due to the thriving commercial real estate market. Commercial real estate involves construction for both corporate units and large-scale residential properties. Escalators and moving walkways play a crucial role in these buildings as they facilitate transportation of people and commodities across different floors. As per CBRE Group, Inc., a prominent real estate services and investment firm from the US, the investments in commercial real estate reached a record high of USD 1.3 trillion in 2021, marking a 55% surge from the previous year. The annual investment volume also grew significantly in America by 83%, totaling over USD 775 billion in 2021. Consequently, the rapidly growing investments globally in commercial real estate are fueling the expansion of the escalator and moving walkway industry.
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What growth opportunities are expected to drive the escalators and moving walkways market's CAGR through 2034?
The market size of escalators and moving walkways has seen significant growth in the past few years. Its value is projected to increase from $18.44 billion in 2024 to $19.44 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.4%. The historic growth of the market is linked to the increasing urbanization and higher population density in urban areas, the progression of commercial and public infrastructure projects, the enlargement of airports, shopping centers, and transportation hubs, a heightened emphasis on passenger convenience and movement, and a greater attention towards safety and accessibility standards.
There is likely to be significant expansion in the market for escalators and moving walkways in the coming years, with estimates suggesting a rise to $24.91 billion in 2029, reflecting a compound annual growth rate (CAGR) of 6.4%. Various factors are predicted to contribute to this growth during the forecast period, including the implementation of escalators and moving walkways in smart cities, upgrades and updates to existing transport infrastructure, requirements for large-capacity and heavy-duty escalators, the build-out of expansive mass transit systems and metro networks, and a focus on hands-free and sanitary escalator solutions. Major predicted trends for the forecast period include the incorporation of internet of things and smart connectivity, energy-saving and regenerative drive systems, innovative design for increased aesthetic appeal and integration, hands-free and uv-c disinfection solutions, durable high-tech materials, and remote surveillance and predictive upkeep.
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What are the emerging trends shaping the future of the escalators and moving walkways market?
The main trend making waves in the escalators and moving walkways market is the inception of new products. To maintain their market dominance, leading companies in this sector are consistently introducing new products. For instance, in August 2024, Otis Elevator Sdn Bhd, a transportation firm based in Malaysia, unveiled its Gen3TM digitally-connected elevator. This new offering enhances the elevator riding experience with its advanced connectivity features. The Gen3 elevator is integrated with the Otis ONE IoT digital platform, which enables real-time tracking of equipment health and performance, and promotes proactive maintenance while reducing downtime. The Gen3 is suitable for various types of buildings-including residential, commercial and medical buildings-and offers both machine room and machine-roomless options. Some of its key features include the Otis eView display for infotainment, Compass 360 technology for improved travel efficiency, alongside energy-efficient components such as LED lighting and regenerative drives.
Which growth-oriented segments of the escalators and moving walkways market are leading the industry's development?
The escalators and moving walkways market covered in this report is segmented -
1) By Product: Escalators, Moving Walkways
2) By Application: Public Transit, Airport, Retail, Institutional, Other Applications
Subsegments:
1) By Escalators: Commercial Escalators, Residential Escalators, Industrial Escalators
2) By Moving Walkways: Horizontal Moving Walkways, Inclined Moving Walkways
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What regions are leading the charge in the escalators and moving walkways market?
North America was the largest region in the escalators and moving walkway market in 2024. The regions covered in the escalators and moving walkways market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What companies are at the forefront of innovation in the escalators and moving walkways market?
Major companies operating in the escalators and moving walkways market include Kone Oyj, ?t?? ?l?v?t?r ??m??n?, Schindler Group, Mitsubishi Electric Corporation, Fujitec Co. Ltd., ThyssenKrupp AG, Sigma Elevator Co. Ltd., Hyundai Elevator Co. Ltd., Toshiba Corporation, Hitachi Ltd., Canny Elevator Co. Ltd., Kleemann Hellas SA, Shanghai Mitsubishi Elevator Co. Ltd., Ningbo Xinda Group Co. Ltd., Guangdong Huasheng Electrical Appliances Co. Ltd., Sicher Elevator Co. Ltd., Shenyang Brilliant Elevator Co. Ltd., Hangzhou Xizi Elevator Co. Ltd., Suzhou Ostar Elevator Co. Ltd., Sodimas, Excel Elevator and Escalator Corp., Elevator Technology (Shenyang) Co. Ltd., Vintec Elevators Private Limited, Anlev Elex Elevator Co. Ltd., Sematic Group
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What Is Covered In The Escalators and Moving Walkways Global Market Report?
•Market Size Forecast: Examine the escalators and moving walkways market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the escalators and moving walkways market for a structured understanding.
•Key Players Overview: Analyze major players in the escalators and moving walkways market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the escalators and moving walkways market.
•Segment Contributions: Evaluate how different segments drive overall growth in the escalators and moving walkways market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the escalators and moving walkways market.
•Industry Challenges: Identify potential risks and obstacles affecting the escalators and moving walkways market.
•Competitive Landscape: Review strategic developments in the escalators and moving walkways market, including expansions, agreements, and new product launches.
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