


The United States elevator and escalator market is valued at approximately USD 16.1 billion in 2025 and is projected to grow at a 6.4% CAGR to approximately USD 23.4 billion by 2031. This figure is built from directly US-scoped sources and is identical, for every forecast year, to the United States figure shown within the companion Global Elevator & Escalator Market Strategic Research Report's own North America breakdown.
Real, Current Competitive Intelligence
KONE Corporation and TK Elevator announced a EUR 29.4 billion (approximately USD 34.4 billion) combination on April 29, 2026, creating the world's largest elevator and escalator company. TK Elevator's North America revenue represents roughly one-third of its total global revenue, making this transaction directly consequential for US customers and specifiers once it closes, pending regulatory approval.
Scope of the United States Elevator & Escalator Market Strategic Research Report
This report provides market sizing (value and volume) across type and application segments, the four US Census Bureau regions, and the ten largest state markets, through 2031, grounded in real, dated company disclosures and a transparently documented, independently-verified market-size methodology.
Segment by Type
Segment by Application
Who Can Use This Report?
List of Exhinits:
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.