Escalator Market Size Worth USD 37.7 Billion by 2024 | Hexa Research

Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future
Research Report on Escalator Market Analysis by Type, By Services and Segment Forecasts, 2014 – 2024

The global Escalator Market is expected to reach USD 37.7 billion by 2024. Growth in construction industry at large, urbanisation, and investment in infrastructure are among the key factors which are expected to drive the global escalator market over the forecast period. However, safety concerns related to escalators, especially accidents involving children, presents a concern that may affect the deployment rate of escalators.

Asia Pacific presents potential growth market with China and India presenting key growth opportunities for the market. The said countries are witnessing urbanisation and associated infrastructural growth with the development of multiple commercial establishments including shopping malls. Besides, investment in airports and metro projects are also expected to add to the prospect of the market in the coming years. On the other hand, Europe and North America regions are experiencing growth in the modernization segment.

Escalator market is segmented by types as step type escalator, moving walkways, and spiral escalators. Among the three types, step type escalators dominate the global market due to more requirement at places such as shopping malls and museums

Moving walkways are majorly used at large establishments such as airports. Moving walkways are installed to ease passenger mobility as these are mostly connected from terminal to the gates. On the other hand, spiral escalators are experiencing substantial growth with increase in innovative designs and architectures.

New installation market holds major share in developing countries such as china and India. Maintenance segment is relatively strong in terms of revenue contribution due to periodic maintenance and repairs of in-use escalators. Countries such as Germany and Canada are witnessing growth in the modernization service segment.

The market is marked by the presence of multiple active players such as KONE CORPORATION, Schindler, Otis Elevator Company, thyssenkrupp AG, Mitsubishi Electric Corporation, Hitachi Ltd., and TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION.

Browse Details of the Report @
https://www.hexaresearch.com/research-report/escalator-market

Hexa Research has segmented the global escalator market on the basis of type, services and region:

Segmentation by type 2014 – 2024 (USD Million)
• Step type escalator
• Moving walkways
• Spiral escalators
Segmentation by services, 2014 – 2024 (USD Million)
• New installation
• Maintenance and Overhaul
• Modernization
Segmentation by region, 2014 – 2024 (USD Million)
• North America
• Asia-Pacific
• Europe 
• Middle East & Africa
• Rest of world

Key players analyzed:
• KONE CORPORATION
• Otis Elevator Company
• Schindler
• Mitsubishi Electric Corporation
• thyssenkrupp AG
• Hitachi Ltd.
• TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION

Browse Related Category Reports @
https://www.hexaresearch.com/research-category/semiconductors-and-electronics-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

More information @ www.hexaresearch.com

Media Contact
Company Name: Hexa Research
Contact Person: Ryan Shaw
Email: Send Email
Phone: +1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California 95018
Country: United States
Website: www.hexaresearch.com/research-report/escalator-market