Global Escalators Market Report Industry Trend & Analysis, Size, Share, Geography, Forecast, 2019 to 2026

Global Escalators Market is expected to foresee a compounded annual growth rate (CAGR) of 6.2% from 2020 to 2026. The growth is primarily attributed to the rapidly growing construction industry primarily across the U.S., China, India, UK, and Indonesia among others. Market players have innovative techniques to provide customers with advanced and innovative product offerings. Parallel, multi-parallel, walkway, and others (spiral and crisscross) were the major types of escalators in the market. Parallel escalators have been extensively used in the commercial sector. Among the industry verticals, the commercial sector exhibited the highest revenue growth, owing to spiraling shopping malls and hypermarkets. Among geographical regions, Asia-Pacific exhibits the highest adoption of escalators in the world. However, North America is expected to grow at a significant pace during the forecast period. China has experienced a tremendous increase in high-rise buildings, which had fueled the demand for escalators.

Manufacturers have focused on complying with the safety standards and norms while manufacturing their products to overcome risks involved in the installation and operation of equipment. Factors such as rapid urbanization, an increase in concerns for safety, and changes in demography lead to the increase in the adoption of escalators. Escalators are moveable staircases with circulating belts of ladders, which transport people across floors of a building. The growth of the real estate sector has fueled the adoption rate of escalators in several industries. The major growth factors driving the growth of the escalators are rapid urbanization and the need for efficient and rapid transit systems.

The market is segmented based into: by type, by industry vertical, and by geography along with the countries across the major geographies. By type, the segments covered are parallel, multi-parallel, walkway, and others. By industry vertical, the market covers commercial, public transit, and others. The market is analyzed across four regions, namely North America, Europe, Asia-Pacific, and Rest of the World (South and Central America, Middle East, and Africa) along with the country-wise analysis. The real estate sector comprises residential, commercial, trading spaces, and industrial parks. The initiatives of the government such as liberalization of FDI and implementation of the Special Economic Zone (SEZ) Act in India and private equity (PE) investments have led to the growth of the construction sector, especially in the emerging economies. Furthermore, the growth of commercial construction has driven the market of escalators.

The demand for rapid and efficient transit systems for commuters has increased due to prominent development in the construction of shopping malls, railway & metro stations, and airports over the past few years. In addition, such constructions have fueled the growth potential for the vertical transport industry, as escalators provide ease of transit in a short span of time. Green escalators help in improving the energy efficiency of escalators and related equipment. These escalators and its green features minimize their impact on the environment. For instance, the introduction of an automatic and highly efficient lubrication system uses 98% lesser oil than conventional systems.

The report includes the profiles of prominent market players, such as Schindler Group, Mitsubishi Electric, SIGMA, Otis, Kone Corporation, Thyssenkrupp AG, Dover, Hyundai, Fujitec, and Omega among others.

The scope of the Global Escalators Market report covers an in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply-side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.

Base Year: 2019

Total Years Covered: 2019 - 2026

Forecast Years: 2020 - 2026

Available Customized Reports:

North America Escalators Market, 2019 – 2026

Europe Escalators Market, 2019 – 2026

Asia Pacific Escalators Market, 2019 – 2026

Middle East & Africa Escalators Market, 2019 – 2026

U.S. Escalators Market, 2019 – 2026

China Escalators Market, 2019 – 2026

India Escalators Market, 2019 – 2026

The Highlights of the Report

• The detailed analysis of Global Escalators Market with respect to key segments such as Type, Industry Vertical, and Geography (Countries included across major geographies) has been included in the report
• The Report comprises the qualitative and quantitative analysis of the market with market estimation over 2019 – 2026 and CAGR between 2020 and 2026
• Comprehensive & Complete analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report.
• An exhaustive regional and country wise analysis of Global Escalators Market has been covered in the report
• Profile of the major key players operating in the Global Escalators Market will be provided, with a detailed study on their key financials, product, new developments, and business strategies

Scope of the Global Escalators Market

Global Escalators Market by Type

• • Parallel
  • Multi-parallel
  • Walkway
  • Others (spiral and crisscross)

  Global Escalators Market by Industry Vertical

  • Commercial
  • Public transit
  • Others (institutional sector and residential)

  Global Escalators Market by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Central & South America
    • Middle East
    • Africa

Global Escalators Market by Type

·         Parallel

·         Multi-parallel

·         Walkway

·         Others (spiral and crisscross)

Global Escalators Market by Industry Vertical

·         Commercial

·         Public transit

·         Others (institutional sector and residential)

Global Escalators Market by Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Russia

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Rest of the World (RoW)

o   Central & South America

o   Middle East

o   Africa