Escalators & Moving Walkways Market By Product Type (Escalators, Moving Walkways), By Offerings (Purchase & Installation, Upgrade (Modernization), Maintenance), By End-Use (Public Transportation Facilities, Commercial, Education, Others) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Market Excerpt

The global escalators & moving walkways market was valued at US$ 14.96 Bn in 2017 and expected to expand at a CAGR of 4.3% during the forecast period from 2018 to 2026. Rapid urbanization and resultant increase in the number of commercial establishments, airports, and public transportation infrastructure is identified as one of the prominent factors driving new installation of escalators & moving walkways worldwide. Increase in the number of gigantic commercial spaces coupled with growing aging population has triggered demand for convenient vertical and horizontal mode of transportation at these establishments. Since escalators and moving walkways offer convenient way to commute between floors of a multi-storey structure and reduce waiting time of customers, their adoption has significantly increased across commercial establishments, public transportation facilities, and educational institutes among others. High cost and technical complexities involved in installation, upgrade, and maintenance remain major challenges to the market growth.

Market Synopsis

Escalators & Moving Walkways Market

Escalators to Dominate; Moving Walkways to Witness Strong Adoption

Based on product type, the global escalators & moving walkways market is categorized in to two major categories, namely: escalators and moving walkways. Escalators are further categorized into step type escalators, wheel-chair accessible escalators and other escalator types (levytator, spiral escalator, etc.). In terms of value contribution, escalators led the global escalators and moving walkways market in 2017. Their value contribution to the global escalators and moving walkways market stood at over 78% in the same year. Amongst escalator type, step type escalators held the largest value share in 2017 and will dominate throughout the forecast period. These escalators are usually preferred since they are safer than other variants. Moving walkways commonly find application at international airports. With the perpetual growth in air passenger traffic and several upcoming international airport projects, especially in the emerging economies, the demand for moving walkways is bound to witness strong growth during the forecast period from 2018 to 2026.

Escalators & Moving Walkways Market

North America to Dominate; Asia Pacific to Experience Fastest Growth

In 2017, North America & Europe were the two major escalators & moving walkways market followed by Asia Pacific. North America & Europe collectively accounted for over two-third of the global market value in the same year. Factors including stringent energy efficiency mandates, large base of old age population, and greater penetration and acceptance to state-of the-art technologies bodes well for the market growth in developed economies such as North America and Europe. Furthermore, upgrading of aging escalators and rising popularity of horizontal transportation systems are further expected to support market demand in these regions. Asia Pacific is poised to register maximum growth during the forecast period from 2018 to 2026. The expected growth in the region will be driven by rapid urbanization, flourishing commercial real estate, and willingness shown by the governments to develop smart infrastructure.

Escalators & Moving Walkways Market

Commercial Segment to Dominate; Airports to Witness Maximum Adoption

In 2017, commercial segment was the largest value contributor to the global escalators and moving walkways market. The commercial segment covers escalators and moving walkways used in shopping malls, corporate buildings, supermarkets, hypermarkets, theatres, and hotels among others. Economic development resulting in increased number of commercial spaces is one of the prominent factors driving demand for escalators and moving walkways in the commercial segment. The value contribution from the commercial segment will also be driven by modernization and regular maintenance of existing units. With number of air passengers continuing to rise at an unparalleled level, airport authorities across the globe are forced to deploy intelligent and smart automated solutions for improving passenger flow at airports without compromising safety and security.

Escalators & Moving Walkways Market

Key companies profiled in the research study include Otis Elevator Company, Fujitec, KONE Corporation, Schindler, Sigma Elevator Company, Thyssenkrupp AG, Mitsubishi Electric Corporation, Hitachi Ltd., Toshiba Corporation, Hyundai Elevator Company, Stannah, Kleemann Hellas SA, Sicher Elevator Co., Ltd., Stein Ltd, and Gulf Elevator & Escalator Co. Ltd. among others.

Escalators & Moving Walkways Market

Historical & Forecast Period

2016 – Historical Year

2017 – Base Year

2018 - 2026 – Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Key segments covered in the report are as follows:

Product Type Segment (2016–2026; US$ Bn)

  • Escalators
    • Step Type Escalators
    • Wheelchair Accessible Escalators
    • Others (Levytator, Spiral Escalators, etc.)
  • Moving Walkways

End-use (2016–2026; US$ Bn)

  • Public Transportation Facilities
    • Airports
    • Railway & Metro stations
  • Commercial
  • Institutions
  • Others (Residential, Leisure etc.)

Offerings (2016–2026; US$ Bn)

  • New Purchase & Installation
  • Upgrade (Modernization)
  • Maintenance

Geography Segment (2016–2026; US$ Bn)

  • North America
    • United States
    • Rest of North America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East & Africa (MEA)
    • Latin America

Escalators & Moving Walkways Market

Key questions answered in this report

  • Global market size for escalators and moving walkways in 2016 and 2017
  • Projected forecast and market estimations up to 2026
  • Which is largest regional market for escalators & moving walkways?
  • Which end-use segment enjoys largest penetration of escalators & moving walkways worldwide?
  • Which product variant contributes the largest in the global escalators & moving walkways market?
  • Which are the key factors driving the global escalators & moving walkways market growth?
  • Who are the leading manufacturers in the global escalators & moving walkways market?
  • What are the key strategies adopted by the leading escalators & moving walkway manufacturers?
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Published Date:  Jul 2018
Category:  Technology & Media
Report ID:   59235
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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