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Escalators & Moving Walkways Market Share

Report ID: GMI2790
Published Date: May 2024
Report Format: PDF

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Escalators & Moving Walkways Market Share

Escalators & Moving Walkways Company Market Share Analysis (2023)

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Major companies operating in the escalators & moving walkways market include:

Dazen Elevator
Fujitec
Hitachi LTD
Hyundai Elevator Company
Johnson Lifts Private Limited
KLEEMANN
KONE Corporation
Mitsubishi Electric Corp
Otis Elevator Company
Schindler
Sicher Elevator Co., Ltd.,
Sigma Elevator Company
Stannah
TK Elevator
Toshiba Corporation

Key players involve in the Escalators & Moving Walkways market are Hitachi LTD, KONE Corporation, Mitsubishi Electric Corp, Schindler, and TK Elevator accounting market share of 25-30% in 2023. Manufacturers strive to differentiate themselves by introducing new technologies that improve safety, energy efficiency, and user experience. This could include innovations in motor systems, control algorithms, safety features, and user interface design. Some manufacturers differentiate themselves by offering customization options to meet specific architectural or aesthetic requirements of their clients. This could involve customizable design elements, finishes, or configurations tailored to fit unique spaces.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Escalators & moving walkways industry size was valued at USD 17.49 billion in 2023 and will expand at over 6.7% CAGR between 2024 and 2032 owing to urbanization, the rise of smart infrastructure coupled with sustainable design practices and increased focus on enhancing passenger experience.

The public transit application segment was worth USD 6.61 billion in 2023 and will grow at 10.79 billion by 2032, primarily attributed to rapid urbanization, prompting investments in mass transit systems worldwide.

Asia Pacific escalators & moving walkways industry recorded a valuation of USD 6.11 billion and will exceed USD 11.06 billion by 2032, driven by rapid urbanization and infrastructure development initiatives across the region.

Prominent manufacturers operating in the escalators & moving walkways industry are Dazen Elevator, Fujitec, Hitachi Ltd, Hyundai Elevator Company, Johnson Lifts Private Limited, Kleemann, KONE Corporation, Mitsubishi Electric Corp, Otis Elevator Company, Schindler, Sicher Elevator Co., Ltd., and Sigma Elevator Company among others.