DUBLIN--(BUSINESS WIRE)--The "Escalators and Moving Walkways Global Market Report 2022: Ukraine-Russia War Impact" report has been added to ResearchAndMarkets.com's offering.
The global escalators and moving walkways market is expected to grow from $ 15.42 billion in 2021 to $ 16.61 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The escalators and moving walkways market is expected to reach $ 20.34 billion in 2026 at a CAGR of 5.2%.
The main types of products in escalators and moving walkways are escalators and moving walkways. Escalators refer to mechanical devices that move people up and down between floors of a structure. They often have the shape of a moving staircase, consisting of a chain of single-piece stainless steel or aluminum steps that are moved by a network of tracks in an endless loop.
Escalators are commonly utilized in structures where the movement of a large number of people is necessary, such as malls, airports, public transportation systems, exposition halls, hotels, arenas, and so on. The various applications include public transit, airports, retail, institutional, and others.
North America was the largest region in the escalators and moving walkway market in 2021. The regions covered in the escalators and moving walkways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The flourishing commercial real estate market worldwide will propel the growth of the escalators and moving walkways market going forward. Commercial real estate refers to the construction of commercial activities, including companies and large residential properties. Escalators and moving walkways are used in commercial buildings to carry people and goods from one floor to the other.
For instance, according to CBRE Group, Inc., a US-based commercial real estate services and investment company, in 2021, a record amount of US$ 1.3 trillion was invested in commercial real estate globally, an increase of 55% from 2020. Also in America, the annual investment volume increased by 83% to over US$ 775 billion in 2021. Therefore, flourishing commercial real estate worldwide with increasing investments in commercial real estate is driving the growth of the escalator and moving walkway markets.
New product innovation is the key trend that is gaining popularity in the escalators and moving walkways market. Major companies operating in the escalators and moving walkways sector are focused on introducing new products to sustain their position in the market.
For instance, in May 2021, KONE Corporation, a Finland-based international engineering, and service company, launched a new elevator model, KONE DX class elevators, that work on a unique digital platform and secure APIs to connect elevators with smartphones, which makes users more convenient. This DX class elevator offers future-ready inbuilt digital solutions that help to take care of various digital solutions and service needs of the elevator throughout its entire life cycle. That helps to enhance the value of the building. Also, this had an extra feature of DX, music, which is a part of the elevator ride to set just the right mood.
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Scope
Markets Covered:
1) By Product: Escalators; Moving Walkways
2) By Application: Public Transit; Airport; Retail; Institutional; Other Applications
Key Topics Covered:
1. Executive Summary
2. Escalators and Moving Walkways Market Characteristics
3. Escalators and Moving Walkways Market Trends And Strategies
4. Escalators and Moving Walkways Market - Macro Economic Scenario
5. Escalators and Moving Walkways Market Size And Growth
6. Escalators and Moving Walkways Market Segmentation
7. Escalators and Moving Walkways Market Regional And Country Analysis
8. Asia-Pacific Escalators and Moving Walkways Market
9. China Escalators and Moving Walkways Market
10. India Escalators and Moving Walkways Market
11. Japan Escalators and Moving Walkways Market
12. Australia Escalators and Moving Walkways Market
13. Indonesia Escalators and Moving Walkways Market
14. South Korea Escalators and Moving Walkways Market
15. Western Europe Escalators and Moving Walkways Market
16. UK Escalators and Moving Walkways Market
17. Germany Escalators and Moving Walkways Market
18. France Escalators and Moving Walkways Market
19. Eastern Europe Escalators and Moving Walkways Market
20. Russia Escalators and Moving Walkways Market
21. North America Escalators and Moving Walkways Market
22. USA Escalators and Moving Walkways Market
23. South America Escalators and Moving Walkways Market
24. Brazil Escalators and Moving Walkways Market
25. Middle East Escalators and Moving Walkways Market
26. Africa Escalators and Moving Walkways Market
27. Escalators and Moving Walkways Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Escalators and Moving Walkways Market
29. Escalators and Moving Walkways Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- Kone Oyj
- Otis Elevator Company
- Schindler
- Mitsubishi Electric
- Fujitec Co., Ltd.
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