Market Reports

Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts How has the elevator and escalator grown historically, and what trends indicate future expansion? The elevator and escalator market size has grown strongly in recent years. It will grow from $117.58 billion in 2024 to $126.73 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to supportive government initiatives, increased focus on energy-efficient elevators, and an increase in infrastructure investment. The elevator and escalator market size is expected to see strong growth in the next few years. It will grow to $175.42 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to the rising construction of skyscrapers, a boost in construction spending, rising urbanization, and increasing smart cities. Major trends in the forecas...