


The global elevator and escalator market is valued at approximately USD 103.0 billion in 2025 and is forecast to reach approximately USD 151.1 billion by 2031, a compound annual growth rate (CAGR) of 6.6%. Volume (new-equipment installations) is estimated at approximately 3,100 thousand units in 2025, rising to approximately 3,789 thousand units by 2031 (3.4% CAGR). The 2025 value is anchored on the median of six independently published estimates restated to a common 2025 base, with the full reconciliation documented in the report's Executive Summary.
The report covers value and volume for every segment, region and country. Asia Pacific is the largest region at approximately 45.1% of 2025 value, followed by North America (19.1%), Europe (18.9%), Middle East & Africa (9.2%) and Latin America (7.8%). Sixteen named countries are profiled, together with a Rest-of line for each region, and ten leading manufacturers and service providers are profiled in detail.
Scope of the Global Elevator & Escalator Market Strategic Research Report
This report provides market sizing in value (USD) and volume (thousand units) across product-type and application segments and regional and country splits, from 2022 to 2031, with 2025 as the base year. It also includes growth drivers and inhibitors, competitive landscape, Porter's Five Forces, PESTLE and SWOT analysis, and future trends.
Segment by Type
Segment by Application
Who Can Use This Report?
List of Exhibits:
List of Exhibits:
Otis Worldwide Corporation, Schindler Group, KONE Corporation, TK Elevator (TKE), Mitsubishi Electric Corporation, Hitachi Building Systems, Hyundai Elevator Co. Ltd., Fujitec Co. Ltd., Toshiba Elevator and Building Systems Corporation, CANNY Elevator Co. Ltd.
*If Applicable.