Escalators and Moving Walkways Market Report 2026

The escalators and moving walkways market size has grown strongly in recent years. It will grow from $19.13 billion in 2025 to $20.25 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to expansion of urban infrastructure projects, growth in airport and metro construction, rising installation in shopping malls, increasing focus on public safety standards, availability of durable mechanical systems.

The escalators and moving walkways market size is expected to see strong growth in the next few years. It will grow to $25.52 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to increasing investments in smart transportation hubs, rising demand for low-energy vertical mobility systems, expansion of airport terminal modernization, growing adoption of predictive maintenance technologies, increasing urban population density. Major trends in the forecast period include increasing installation of energy-efficient escalator systems, growing adoption of smart monitoring and control solutions, rising demand for heavy-duty walkways in airports, expansion of retrofit and modernization projects, enhanced focus on passenger safety.

The increasing government funding for infrastructure development is expected to drive the growth of the escalators and moving walkways market in the coming years. Infrastructure projects create heightened demand for transportation hubs, modernized public spaces, and urban mobility solutions. Factors such as government regulations, economic growth, sustainability initiatives, and public safety considerations further support this expansion, making escalator and moving walkway systems essential for accessible, safe, and efficient urban environments. For example, in February 2024, the Infrastructure and Projects Authority, a UK-based government agency, reported a planned £164 billion ($214.18 billion) investment in major infrastructure and construction projects for 2024/25, surpassing the 2023/24 allocation. Over the next decade, total projected investments are estimated between £700 billion ($914.16 billion) and £775 billion ($1,012.11 billion). Therefore, rising government funding for infrastructure development is propelling the escalators and moving walkways market.

Leading companies in the escalators and moving walkways market are focusing on technological advancements to improve ride experience, operational efficiency, and predictive maintenance. For instance, in August 2024, Otis Elevator Sdn Bhd, a Malaysia-based transport company, launched the Gen3™ digitally-connected elevator, designed to enhance the lift-riding experience through advanced connectivity. The Gen3 integrates with the Otis ONE IoT digital platform, enabling real-time monitoring of equipment health and performance for proactive maintenance and reduced downtime. Suitable for residential, commercial, and medical buildings, it offers both machine-room and machine-roomless configurations, featuring innovations such as the Otis eView infotainment display, Compass 360 travel optimization technology, and energy-saving features including LED lighting and regenerative drives. By combining digital connectivity with smart design, the Gen3 elevator enhances passenger experience while improving efficiency and sustainability.

In February 2025, TK Elevator, a Germany-based vertical mobility company, formed a strategic joint venture with Alat to manufacture comprehensive elevator and escalator solutions in Saudi Arabia. The collaboration aims to strengthen local production capabilities, expand market presence, and deliver end-to-end mobility solutions, with Alat becoming a significant long-term shareholder in TK Elevator, supporting sustainable growth and innovation in the region’s vertical transportation sector. Alat is a Saudi-based investment and industrial company focused on strategic partnerships and infrastructure development.

Major companies operating in the escalators and moving walkways market are KONE Oyj, Otis Elevator Company, Schindler Group, Mitsubishi Electric Corporation, Fujitec Co. Ltd., ThyssenKrupp AG, 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., 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.

North America was the largest region in the escalators and moving walkway market in 2025. The regions covered in the escalators and moving walkways market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the escalators and moving walkways market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The escalators and moving walkways market consists of sales of walkway system, motors, controls, and lighting, truss, tracks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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