Global Elevator And Escalator Market

The global elevator and escalator market is undergoing a transformative phase, shaped by urbanization, smart city initiatives, and growing demand for sustainable transportation solutions. Valued in billions, this market includes major manufacturers like Otis, Schindler, KONE, and Mitsubishi Electric, all of whom are driving innovation in design, safety, and connectivity. Demand for both new installations and maintenance services remains strong across emerging economies such as India, Brazil, and Southeast Asian countries, where infrastructure development is in full swing.