Asia-Pacific Escalators Market is Expected to grow at a robust CAGR of 6.67% through 2030F
The
increasing Asia-Pacific escalators market is driven by integration of smart and
IoT-enabled escalators, energy efficiency and eco-friendly features during the
forecast period 2026-2030F.
According
to TechSci Research report, “Asia-Pacific
Escalators Market – By Country, Competition, Forecast and Opportunities, 2020-2030F”, The Asia-Pacific Escalators Market was
valued at USD 8.31 Billion in 2024 and is expected to reach USD 12.35 Billion
by 2030 with a CAGR of 6.67% during the forecast period. The increasing demand
for smart infrastructure in the Asia-Pacific region is driving the integration
of Internet of Things (IoT) and smart technologies into escalator systems. With
growing urbanization and the development of intelligent cities, the need for
efficient, safe, and user-friendly transportation systems has risen. Smart
escalators equipped with IoT capabilities allow for real-time monitoring of
performance, predictive maintenance, and automated troubleshooting. These
advancements not only enhance the overall user experience by ensuring
escalators run smoothly but also reduce downtime by enabling timely
interventions. In markets like Japan and South Korea, which are known for their
technological adoption, smart escalators are increasingly being installed in
commercial centers, airports, and metro stations. The integration of advanced
sensors allows escalators to detect traffic flow, adjust speeds, and improve
energy efficiency. As cities in the Asia-Pacific region focus on smart city
initiatives, the demand for smart escalators is expected to grow, offering more
convenience, operational efficiency, and safety.
Energy
efficiency is a major trend in the Asia-Pacific escalator market, driven by
growing environmental concerns and government regulations promoting sustainable
development. Escalator manufacturers are increasingly focused on developing
energy-efficient systems that reduce electricity consumption and carbon
emissions. For instance, regenerative drives are being incorporated into
escalators, allowing them to capture and store energy during operation and use
it to power other systems, significantly reducing energy usage. In countries
like China and India, where environmental regulations are becoming stricter,
energy-efficient escalators are gaining popularity. Additionally, escalators
with automatic energy-saving features, such as standby modes or motion sensors
that activate only when needed, are being increasingly installed in commercial
and public spaces. These systems contribute to lower energy consumption, which
helps building owners reduce operating costs while contributing to
sustainability goals. This shift toward eco-friendly features is expected to
play a significant role in the growth of the escalator market across the
region.
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Asia-Pacific Escalators Market"
Based
on type, Moving Walkways/Travelators equipment is the fastest growing segment
in the Asia-Pacific Escalators market during the forecast period, due to the
increasing demand for efficient and convenient transportation solutions in
large, high-traffic environments such as airports, metro stations, shopping
malls, and industrial facilities. As the region’s urbanization accelerates and
the number of passengers and visitors at transportation hubs and commercial
spaces continues to grow, the need for moving walkways is becoming more
pronounced.
One
of the key drivers behind this growth is the growing focus on enhancing
passenger experience and reducing congestion. Moving walkways, especially in
airports and train stations, help to efficiently transport passengers over long
distances, improving flow and reducing wait times. With air travel and public
transportation volumes rising, these systems are crucial for managing the
movement of large numbers of people, particularly in areas where elevators and
escalators may not be suitable due to space constraints or the need for higher
volume capacity.
Furthermore,
the rise of mega shopping malls and commercial complexes in rapidly growing
cities across the Asia-Pacific region is contributing to the expansion of the
moving walkway segment. These walkways are commonly installed in expansive
retail environments to help shoppers navigate large stores, creating a seamless
shopping experience and reducing foot traffic congestion.
The
growing focus on sustainability and energy-efficient solutions also plays a
significant role in the adoption of moving walkways. Manufacturers are
increasingly offering energy-efficient, low-maintenance models that align with
the region’s emphasis on green technologies. Additionally, advancements in
digital technologies, including smart walkways integrated with sensors and
monitoring systems, are enhancing operational efficiency and safety, further
accelerating demand for moving walkways in the region. As both public and
private sectors in the Asia-Pacific region continue to invest in infrastructure
upgrades, moving walkways are becoming a key component of vertical and
horizontal transportation solutions, driving their rapid growth during the
forecast period.
Based
on country, India is the fastest growing country in the Asia-Pacific Escalators
Market during the forecast period due to several key factors driving the demand
for escalators across various sectors, including infrastructure development,
urbanization, and the need for modernized transportation solutions. The
country’s rapid urban expansion, increasing investments in infrastructure, and
the government’s focus on improving public transportation systems are
significant drivers behind the growing need for escalators.
India’s
urban population is expanding at a fast pace, with more people moving to cities
for employment and better living conditions. This has resulted in an increased
demand for efficient transportation solutions in urban areas, including metro
stations, airports, and shopping malls, where escalators are essential for
managing foot traffic. The Indian government’s ambitious plans to develop and
modernize urban infrastructure, especially with metro rail projects in cities
like Delhi, Mumbai, and Bangalore, are directly contributing to the demand for
escalators.
Additionally,
India’s booming retail and real estate sectors are also playing a significant
role in the rise of escalator installations. The growth of mega malls,
commercial complexes, and residential projects with high footfall is increasing
the demand for escalators to provide seamless movement within these buildings.
Escalators are seen as essential for improving accessibility, convenience, and
overall customer experience in commercial spaces.
The
Indian government’s focus on sustainability and energy efficiency is also
driving the demand for modern, energy-efficient escalators. Manufacturers are
increasingly offering escalators with eco-friendly technologies, low energy
consumption, and long-term durability, which align with the country’s green
building initiatives.
Moreover,
India is witnessing an influx of foreign direct investments (FDI) in the
construction and infrastructure sectors, further stimulating the growth of the
escalator market. As infrastructure development accelerates and urbanization
continues, India is expected to lead the Asia-Pacific Escalator market’s growth
during the forecast period.
Key
market players in the Asia-Pacific Escalators market are:
-
- OTIS
International Asia Pacific Pte. Ltd.
- KONE Asia
Pacific
- Schindler
Lifts (S) Pte Ltd
- Hitachi,
Ltd.
- Thyssenkrupp
Elevator Asia Pacific Limited
- Mitsubishi
Electric Asia Pte Ltd
- Fujitec
Co. Ltd.
- Hyundai
Elevator Co., Ltd
- Shanghai
SANEI Elevator Co., Ltd.
- Sanyo
Yusoki Kogyo
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“The
Asia-Pacific Escalators market presents significant opportunities driven by
rapid urbanization, expanding transportation infrastructure, and increasing
demand for modernized commercial and residential buildings. Key opportunities
lie in the growing construction of metro systems, airports, and shopping malls,
where escalators are essential for efficient people movement. Additionally, the
rise of smart cities and eco-friendly building initiatives presents
opportunities for energy-efficient, sustainable escalator solutions. The
modernization of existing infrastructure, especially in older buildings, also
provides growth prospects. Technological advancements such as AI integration
for predictive maintenance and improved safety features further enhance the market's
potential in the region.Top of Form”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Asia-Pacific Escalators Market By Type
(Parallel Escalators, Multi-Parallel Escalators, Spiral Escalators, Crisscross
Escalators, Step Type Escalators, Moving Walkways/Travelators), By Service (New
Installation, Maintenance & Repair, Modernization), By End-Use Industry
(Commercial Buildings, Public Transportation Infrastructure, Institutional
Buildings, Residential Complexes, Industrial Facilities), By Country,
Competition, Forecast and Opportunities, 2020-2030F”, has evaluated the future growth
potential of Asia-Pacific Escalators Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Asia-Pacific Escalators Market.
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