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World - Escalators And Moving Walkways - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlobal Escalators and Moving Walkways Market to See Continued Growth with CAGR of +1.5% through 2030
IndexBox has just published a new report: World - Escalators And Moving Walkways - Market Analysis, Forecast, Size, Trends and Insights.
The global market for escalators and moving walkways is expected to continue growing over the next six years, with an anticipated increase in market volume to 200K units and market value to $3.4B by the end of 2030. The forecasted CAGR for market performance is +1.5% for volume and +2.5% for value, indicating a steady but slightly slower pace of growth in the industry.
Market Forecast
Driven by increasing demand for escalators and moving WalkWays worldwide, the market is expected to continue an upward consumption trend over the next six-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.5% for the period from 2024 to 2030, which is projected to bring the market volume to 200K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2024 to 2030, which is projected to bring the market value to $3.4B (in nominal wholesale prices) by the end of 2030.
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Consumption
World Consumption of Escalators And Moving WalkWays
In 2024, the amount of escalators and moving WalkWays consumed worldwide skyrocketed to 183K units, increasing by 19% against the previous year. Overall, consumption recorded a buoyant increase. Global consumption peaked in 2024 and is likely to see steady growth in the near future.
The global escalator market value soared to $3B in 2024, increasing by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.6% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level in 2024 and is likely to see gradual growth in the near future.
Consumption By Country
The country with the largest volume of escalator consumption was India (121K units), comprising approx. 66% of total volume. Moreover, escalator consumption in India exceeded the figures recorded by the second-largest consumer, South Africa (15K units), eightfold. The third position in this ranking was taken by China (9.2K units), with a 5% share.
In India, escalator consumption increased at an average annual rate of +17.1% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of consumption growth: South Africa (+33.9% per year) and China (-0.8% per year).
In value terms, India ($1.1B) led the market, alone. The second position in the ranking was taken by South Africa ($337M). It was followed by China.
From 2013 to 2024, the average annual rate of growth in terms of value in India amounted to +18.1%. The remaining consuming countries recorded the following average annual rates of market growth: South Africa (+33.7% per year) and China (-1.0% per year).
In 2024, the highest levels of escalator per capita consumption was registered in South Africa (235 units per million persons), followed by India (85 units per million persons), the United States (21 units per million persons) and China (6.4 units per million persons), while the world average per capita consumption of escalator was estimated at 23 units per million persons.
From 2013 to 2024, the average annual growth rate of the escalator per capita consumption in South Africa totaled +32.1%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: India (+15.9% per year) and the United States (-0.6% per year).
Production
World Production of Escalators And Moving WalkWays
Global escalator production shrank to 143K units in 2024, approximately reflecting 2023. In general, production, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 162% against the previous year. As a result, production attained the peak volume of 231K units. From 2017 to 2024, global production growth remained at a somewhat lower figure.
In value terms, escalator production declined to $2.4B in 2024 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 134% against the previous year. As a result, production attained the peak level of $5.2B. From 2017 to 2024, global production growth remained at a somewhat lower figure.
Production By Country
India (100K units) constituted the country with the largest volume of escalator production, comprising approx. 70% of total volume. Moreover, escalator production in India exceeded the figures recorded by the second-largest producer, China (22K units), fivefold.
In India, escalator production expanded at an average annual rate of +15.5% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: China (-2.3% per year) and the United States (-1.1% per year).
Imports
World Imports of Escalators And Moving WalkWays
In 2024, the amount of escalators and moving WalkWays imported worldwide soared to 58K units, increasing by 114% compared with 2023. In general, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, escalator imports soared to $825M in 2024. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, global imports attained the maximum at $908M in 2013; however, from 2014 to 2024, imports remained at a lower figure.
Imports By Country
In 2024, India (21K units) and South Africa (14K units) were the main importers of escalators and moving WalkWaysaround the world, together finishing at near 61% of total imports. Singapore (2.6K units), the Philippines (1.5K units), the United States (1.5K units), Brazil (1.4K units), South Korea (1.4K units) and Saudi Arabia (1.1K units) followed a long way behind the leaders.
From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Africa (with a CAGR of +37.9%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, India ($161M), Singapore ($100M) and South Korea ($49M) appeared to be the countries with the highest levels of imports in 2024, together accounting for 38% of global imports.
Among the main importing countries, Singapore, with a CAGR of +16.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2024, the average escalator import price amounted to $14 thousand per unit, with a decrease of -38.4% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2015 when the average import price increased by 21%. As a result, import price attained the peak level of $31 thousand per unit. From 2016 to 2024, the average import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($38 thousand per unit), while South Africa ($186 per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Singapore (+6.1%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Escalators And Moving WalkWays
In 2024, shipments abroad of escalators and moving WalkWays increased by 2.2% to 18K units, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a pronounced slump. The pace of growth was the most pronounced in 2016 with an increase of 295%. As a result, the exports reached the peak of 143K units. From 2017 to 2024, the growth of the global exports remained at a somewhat lower figure.
In value terms, escalator exports stood at $611M in 2024. Over the period under review, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 10%. The global exports peaked at $1B in 2015; however, from 2016 to 2024, the exports stood at a somewhat lower figure.
Exports By Country
China prevails in exports structure, reaching 13K units, which was near 72% of total exports in 2024. It was distantly followed by Slovakia (1.1K units), mixing up a 6.1% share of total exports. Spain (647 units), the Philippines (610 units), Finland (453 units), the United States (405 units) and Germany (293 units) followed a long way behind the leaders.
From 2013 to 2024, average annual rates of growth with regard to escalator exports from China stood at -3.3%. At the same time, Finland (+63.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the world, with a CAGR of +63.7% from 2013-2024. The United States and the Philippines experienced a relatively flat trend pattern. By contrast, Slovakia (-6.9%), Spain (-9.2%) and Germany (-17.8%) illustrated a downward trend over the same period. China (+8.7 p.p.), the Philippines (+3.4 p.p.) and Finland (+2.5 p.p.) significantly strengthened its position in terms of the global exports, while Slovakia, Spain and Germany saw its share reduced by -2.1%, -2.8% and -6.9% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($397M) remains the largest escalator supplier worldwide, comprising 65% of global exports. The second position in the ranking was taken by Slovakia ($37M), with a 6.1% share of global exports. It was followed by Spain, with a 4.8% share.
From 2013 to 2024, the average annual growth rate of value in China amounted to -4.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (-6.2% per year) and Spain (-6.1% per year).
Export Prices By Country
The average escalator export price stood at $34 thousand per unit in 2024, reducing by -1.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 429% against the previous year. The global export price peaked at $35 thousand per unit in 2022; however, from 2023 to 2024, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Germany ($86 thousand per unit), while the Philippines ($142 per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global escalator market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221670 - Escalators and moving walkways
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024