Northern America: Escalator Market 2024

Escalator Market Size in Northern America

The North American escalator market contracted to $X in 2022, which is down by -8% against the previous year. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Escalator Production in Northern America

In value terms, escalator production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 25% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Escalator Exports

Exports in Northern America

In 2022, after two years of growth, there was significant decline in overseas shipments of escalators and moving WalkWays, when their volume decreased by -20.8% to X units. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 47%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, escalator exports contracted markedly to $X in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 45%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States represented the key exporting country with an export of around X units, which amounted to 88% of total exports. It was distantly followed by Canada (X units), achieving a 12% share of total exports.

Exports from the United States decreased at an average annual rate of -8.7% from 2012 to 2022. At the same time, Canada (+6.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +6.5% from 2012-2022. Canada (+9 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -9% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest escalator supplier in Northern America, comprising 99% of total exports. The second position in the ranking was held by Canada ($X), with a 0.6% share of total exports.

In the United States, escalator exports contracted by an average annual rate of -12.1% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, dropping by -9.4% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of 63%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.7%).

Escalator Imports

Imports in Northern America

In 2022, supplies from abroad of escalators and moving WalkWays decreased by -18.9% to X units, falling for the second consecutive year after two years of growth. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.8% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 31% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, escalator imports fell to $X in 2022. Overall, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 when imports increased by 27% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States was the major importer of escalators and moving WalkWays in Northern America, with the volume of imports amounting to X units, which was approx. 84% of total imports in 2022. It was distantly followed by Canada (X units), mixing up a 15% share of total imports.

The United States was also the fastest-growing in terms of the escalators and moving WalkWays imports, with a CAGR of +5.4% from 2012 to 2022. Canada (-2.5%) illustrated a downward trend over the same period. While the share of the United States (+13 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-13.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported escalators and moving WalkWays in Northern America, comprising 68% of total imports. The second position in the ranking was held by Canada ($X), with a 32% share of total imports.

In the United States, escalator imports plunged by an average annual rate of -2.0% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, surging by 9% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when the import price increased by 25%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.3%).

Source: IndexBox Platform

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