엘리베이터 및 에스컬레이터 시장 : 제품별, 지역별

Elevators & Escalators Market is estimated to be valued at USD 98.72 Bn in 2025 and is expected to reach USD 118.96 Bn by 2032, growing at a compound annual growth rate (CAGR) of 2.7% from 2025 to 2032.

The global elevators & escalators market represents a critical component of modern vertical transportation infrastructure, encompassing mechanical systems designed to move people and goods efficiently between different levels of buildings and structures. This market includes various types of elevators such as passenger elevators, freight elevators, and specialized elevators for healthcare and residential applications, alongside escalators and moving walkways that facilitate horizontal and inclined transportation.

The industry has experienced substantial growth driven by rapid urbanization, increasing construction activities in developing economies, and the proliferation of high-rise buildings and smart cities worldwide. Technological advancements have revolutionized the sector, introducing energy-efficient systems, IoT-enabled smart elevators, destination control systems, and regenerative drives that enhance performance while reducing environmental impact.

The market encompasses both new installations and modernization services, with manufacturers focusing on developing sustainable solutions that comply with stringent safety regulations and building codes. Key applications span across residential buildings, commercial complexes, healthcare facilities, transportation hubs, and industrial establishments.

Market Dynamics

The global elevators & escalators market is propelled by several key drivers that collectively sustain its upward trajectory, while simultaneously facing certain restraints and emerging opportunities that shape its competitive landscape. Primary growth drivers include accelerating urbanization rates, particularly in emerging economies where rapid infrastructure development necessitates efficient vertical transportation solutions, coupled with increasing construction activities in residential, commercial, and industrial sectors that directly correlate with elevator and escalator installations.

The aging infrastructure in developed countries creates substantial demand for modernization and replacement services, while stringent building codes and accessibility regulations mandate the installation of elevators in multi-story structures, further boosting market growth. Technological innovations such as machine-room-less elevators, smart control systems, and energy-efficient solutions attract environmentally conscious consumers and reduce operational costs.

However, the market faces notable restraints including high initial capital investments and installation costs that can deter potential buyers, particularly in price-sensitive markets, along with complex maintenance requirements and skilled technician shortages that increase operational complexities. Economic downturns and construction industry volatility can significantly impact demand, while lengthy approval processes and regulatory compliance procedures may delay project implementations.

Nevertheless, substantial opportunities emerge through the integration of Internet of Things (IoT) technologies and artificial intelligence for predictive maintenance and enhanced user experiences, expansion into untapped geographical markets, development of eco-friendly and energy-regenerative systems, and the growing demand for customized solutions in luxury residential and commercial projects, positioning the market for sustained long-term growth.

Key Features of the Study

• This report provides in-depth analysis of the global elevators & escalators market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global elevators & escalators market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Otis, KONE, Schindler, TK Elevator, Mitsubishi Electric, Hitachi, Toshiba Elevator and Building Systems, Fujitec, Hyundai Elevator, Canny Elevator, Johnson Lifts, Xizi Otis, Nidec, Sigma, and Kleemann
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global elevators & escalators market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global elevators & escalators market

Market Segmentation

• Product Insights (Revenue, USD Bn, 2020 - 2032)
  • Passenger Elevators
  • Escalators & Moving Walkways
  • Freight/Industrial Elevators
  • Others
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
  • Africa
  • South Africa
  • North Africa
  • Central Africa
• Key Players Insights
  • Otis
  • KONE
  • Schindler
  • TK Elevator
  • Mitsubishi Electric
  • Hitachi
  • Toshiba Elevator and Building Systems
  • Fujitec
  • Hyundai Elevator
  • Canny Elevator
  • Johnson Lifts
  • Xizi Otis
  • Nidec
  • Sigma
  • Kleemann

Table of Contents

1. Research Objectives and Assumptions

• Research Objectives
• Assumptions
• Abbreviations

2. Market Purview

• Report Description
  • Market Definition and Scope
• Executive Summary
  • Global Elevators & Escalators Market, By Product
  • Global Elevators & Escalators Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
• Impact Analysis
• Key Highlights
• Regulatory Scenario
• Product Launches/Approvals
• PEST Analysis
• PORTER's Analysis
• Market Opportunities
• Regulatory Scenario
• Key Developments
• Industry Trends

4. Global Elevators & Escalators Market, By Product, 2020-2032, (USD Bn)

• Introduction
  • Market Share Analysis, 2025 and 2032 (%)
  • Y-o-Y Growth Analysis, 2021 - 2032
  • Segment Trends
• Passenger Elevators
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
• Escalators & Moving Walkways
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
• Freight/Industrial Elevators
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
• Others
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Elevators & Escalators Market, By Region, 2020 - 2032, Value (USD Bn)

• Introduction
  • Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
  • Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
  • Regional Trends
• North America
  • Introduction
  • Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
  • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    • U.S.
    • Canada
• Latin America
  • Introduction
  • Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
  • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
• Europe
  • Introduction
  • Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
  • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
• Asia Pacific
  • Introduction
  • Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
  • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
• Middle East
  • Introduction
  • Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
  • Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
    • GCC Countries
    • Israel
    • Rest of Middle East
• Africa
  • Introduction
  • Market Size and Forecast, By Product, 2020 - 2032, Value (USD Bn)
  • Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
    • South Africa
    • North Africa
    • Central Africa

6. Competitive Landscape

• Otis
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• KONE
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Schindler
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• TK Elevator
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Mitsubishi Electric
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Hitachi
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Toshiba Elevator and Building Systems
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Fujitec
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Hyundai Elevator
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Canny Elevator
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Johnson Lifts
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Xizi Otis
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Nidec
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Sigma
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies
• Kleemann
  • Company Highlights
  • Product Portfolio
  • Key Developments
  • Financial Performance
  • Strategies

7. Analyst Recommendations

• Wheel of Fortune
• Analyst View
• Coherent Opportunity Map

8. References and Research Methodology

• References
• Research Methodology
• About us