What is scope of the report?

The base year for the study has been considered 2019, historic year 2014 and 2018. Read More

What are the significant segments operating in the market?

Market is segmented on the basis. Read More

What are the vital market dynamics?

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. Read More

What does a company profile includes?

The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering. Read More

Escalators And Moving Walkways Market by Type (Parallel, Multi-Parallel), Application (Escalators, Moving Walkways), Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

Publish Date: Mar, 2020
Report ID: 417879
Category: Machinery & Equipment
Pages: 227

$4700

The global escalators and moving walkways market is expected to grow from USD 15.39 billion in 2019 and expected to reach USD 22.20 billion by 2027, growing at a CAGR of 4.79% during the forecast period 2020-2027.

Escalators and moving walkways are the moving staircase which helps to carry people and goods on the various floors of the building. These are the alternative solution for the lift, where lift installation is not possible.

The global escalators and moving walkways market is growing at a rapid pace across the globe. Increasing demand for smart escalators around the world is one of the key factors driving the need for the growth of the market. In addition to this, the integration of advanced technologies such as artificial intelligence and big data in the escalators and moving walkways, further propelling the market growth. However, the high cost required for the regular maintenance of these escalators and moving walkways may hamper the growth of the market over the forecast period.

This study delivers a comprehensive analysis of type, product, application, and region. Type segment includes parallel, multi-parallel, and others. Multi-parallel segment is anticipated to grow at the CAGR of 5.04% over the forecast period. Increasing installation of multi parallel escalators in the malls and shopping centres driving the growth of the market. Product segment includes escalators and moving walkways. Moving walkways is projected to grow at the highest CAGR of 5.09% over the forecast period. Rise in adoption of moving walkways at highly demanding public areas, propelling the growth of moving walkways. Application segment divided into public transit, airports, retail, institutional, and others. Retail segment accounted for the significant market share and valued at USD 6.50 billion in the year 2019. Large shopping malls are installing the escalators and moving walkways for the moving shoppers and to carry goods from one floor to another.

The market has been classified based on North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia Pacific region held the largest market share and valued at USD 5.90 billion in the year 2019. Increasing construction activities of commercial building across the region is primarily contributing to the growth of the market in this region.

Some of the notable players in the escalators and moving walkways market are Kone Corporation, Otis Elevator Company, Schindler Group, Fujitec Co., Ltd., Mitsubishi Electric US, Inc, BRB International, and Siltech Corporation among others. Developing countries are offering significant opportunities, and major players are continuously focusing on strategic partnerships, new developments, acquisitions, and venture capital investments to obtain high growth in the market. For instance, For instance, in January 2018, Kone Corporation announced that it has own the order of 107 escalators and elevators for Ningbo Metro Line 4 in China, which has an hourly transportation capacity of 7,000 people.

This study forecasts revenue growth at global, regional, and country levels from 2013 to 2027. Fior Markets has segmented on the basis of below-mentioned segments:

Global Escalators And Moving Walkways Market Analysis And Forecast, By Type
- Parallel
- Multi-Parallel
- Others
Global Escalators And Moving Walkways Market Analysis And Forecast, By Product
- Escalators
- Moving Walkways
Global Escalators And Moving Walkways Market Analysis And Forecast, By Application
- Public Transit
- Airports
- Retail
- Institutional
- Others
Global Escalators And Moving Walkways Market Analysis And Forecast, By Regional Analysis
- North America
  - U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - Sweden
  - Netherland
  - U.K.
  - Italy
  - Spain
  - Turkey
  - Switzerland
  - Belgium
  - Rest Of Europe
- Asia-Pacific
  - Japan
  - China
  - India
  - South Korea
  - Australia
  - Singapore
  - Malaysia
  - Thailand
  - Indonesia
  - Philippines
  - Rest Of APAC
- South America
  - Brazil
  - Argentina
  - Peru
  - Colombia
  - Rest Of South America
- Middle East And Africa
  - UAE
  - Saudi Arabia
  - Egypt
  - Nigeria
  - South Africa
  - Rest of MEA

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restrains
    5.4. Challenges
    5.5. Opportunities

6. Global Escalators And Moving Walkways Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Parallel
    6.3. Multi-Parallel
    6.4. Others

7. Global Escalators And Moving Walkways Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Escalators
    7.3. Moving Walkways

8. Global Escalators And Moving Walkways Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Escalators And Moving Walkways Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Escalators And Moving Walkways Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Kone Corporation
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Otis Elevator Company
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Schindler Group
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Fujitec Co., Ltd.
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Mitsubishi Electric US
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. BRB International
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Siltech Corporation
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis

List of Table

1. Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

2. Global Parallel Global Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

3. Global Multi Parallel Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

4. Global Others Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

5. Escalators And Moving Walkways Market, By product, 2017-2027 (USD Billion)(Unit)

6. Global Escalators, Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

7. Global Moving Walkways Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

8. Global Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

9. Global Public Transit Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

10. Global Airport Walkways Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

11. Global Retail Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

12. Global Institutional Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

13. Global Others Escalators And Moving Walkways Market, By Region, 2017-2027 (USD Billion)(Unit)

14. North America Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

15. North America Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

16. North America Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

17. U.S. Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

18. U.S. Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

19. U.S. Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

20. Canada Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

21. Canada Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

22. Canada Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

23. Mexico Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

24. Mexico Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

25. Mexico Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

26. Europe Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

27. Europe Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

28. Europe Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

29. Germany Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

30. Germany Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

31. Germany Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

32. France Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

33. France Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

34. France Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

35. U.K. Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

36. U.K. Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

37. U.K. Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

38. Italy Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

39. Italy Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

40. Italy Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

41. Spain Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

42. Spain Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

43. Spain Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

44. Asia Pacific Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

45. Asia Pacific Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

46. Asia Pacific Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

47. Japan Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

48. Japan Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

49. Japan Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

50. China Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

51. China Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

52. China Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

53. India Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

54. India Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

55. India Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

56. South America Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

57. South America Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

58. South America Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

59. Brazil Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

60. Brazil Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

61. Brazil Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

62. Middle East and Africa Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

63. Middle East and Africa Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

64. Middle East and Africa Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

65. UAE Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

66. UAE Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

67. UAE Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

68. South Africa Escalators And Moving Walkways Market, By Type, 2017-2027 (USD Billion)(Unit)

69. South Africa Escalators And Moving Walkways Market, By Product, 2017-2027 (USD Billion)(Unit)

70. South Africa Escalators And Moving Walkways Market, By Application, 2017-2027 (USD Billion)(Unit)

List of Figures

1. Global Escalators And Moving Walkways Market Segmentation

2. Global Escalators And Moving Walkways Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis

7. Value Chain Analysis

8. Global Escalators And Moving Walkways Market Attractiveness Analysis By Type

9. Global Escalators And Moving Walkways Market Attractiveness Analysis By Product

10. Global Escalators And Moving Walkways Market Attractiveness Analysis By Application

11. Global Escalators And Moving Walkways Market Attractiveness Analysis By Region

12. Global Escalators And Moving Walkways Market: Dynamics

13. Global Escalators And Moving Walkways Market Share by Type(2020 & 2027)

14. Global Escalators And Moving Walkways Market Share by Product (2020 & 2027)

15. Global Escalators And Moving Walkways Market Share by Application(2020 & 2027)

16. Global Escalators And Moving Walkways Market Share by Regions (2020 & 2027)

17. Global Escalators And Moving Walkways Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

Market research helps businesses strengthen a company’s position
Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
Market research helps in identifying the potential threats and opportunities associated with the business industry
Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

Data Collection
Data Synthesis
Market Deduction & Formulation
Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends.
Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information.

We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:

Export & Import Data
Business Information related to trade and its statistics
Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.

In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
Examining demographic along with psychographic segmentation for market evaluation
Analyzing the macro and micro-economic indicators for each demography
Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology.

Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.

The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!