Elevator and Escalator Market Trend Analysis, Growth Rate And Forecast To 2033

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Elevator And Escalator Global Market Report 2024
Global Forecast 2024 2033 Market Size, Drivers,
And Trends
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Elevator And Escalator Market Segments
The Business Research Company segments the
elevator and escalator market report as
Elevators, Escalators, Moving Walkway
By Product
New Equipment, Maintenance, Modernization
By Business
Traction Elevator, Machine Room Less Traction
Elevator, Hydraulic
By Technology
By End-User
Residential, Commercial, Institutional,
Infrastructure, Other End Users
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Market Statistics
The global Elevator And Escalator market size
grew from 109.63 billion in 2023 to 118.48
billion in 2024 at a compound annual growth rate
(CAGR) of 8.1. The Elevator And Escalator market
size is expected to grow to 161.83 billion in
2028 at a compound annual growth rate (CAGR) of
8.1.
161.83 B
118.48 B
109.63 B
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Key Market Drivers And Trends
Drivers
The increase in infrastructure investment is
expected to propel the growth of the elevator and
escalator market going forward.
Trends
Product innovations are a key trend gaining
popularity in the elevator and escalator market.
Region
Asia-Pacific was the largest region in the
Elevator And Escalator market in 2023. The
regions covered in the Elevator And Escalator
market analysis report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East and Africa.
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Top Eleven Players In The Market

• Major players in the market are
• Schindler Group
• Kone Corporation
• Hitachi Ltd
• Toshiba Corporation
• Fijutec Co. Ltd.
• Hyundai Elevator Ltd.

• Volkslift
• Logan Davex
• HAUSLIFT
• True Canadian Elevator
• Vintec Elevator

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