China Escalator Market Research Report, 2029

The China escalator market is experiencing significant growth driven by rapid urbanization, population surges, and increased construction activities. The regulatory landscape for escalators in China is primarily governed by national safety standards and regulations that ensure the safe installation, operation, and maintenance of escalators. Key regulations include the "Safety Code for Elevators" (GB 7588), which outlines safety requirements for escalators and lifts, and the "General Technical Specification for Escalators" (GB/T 10058). Compliance with these standards is mandatory for manufacturers and service providers, ensuring that escalators meet safety, reliability, and performance benchmarks. Additionally, certifications such as ISO 9001 for quality management systems and ISO 14001 for environmental management are increasingly important for companies operating in this sector, as they enhance credibility and competitiveness in both domestic and international markets. With the majority of the construction boom coming to an end in the major metro cities of China, the growth of the elevator and escalator market is expected to be driven by the development in the western China region and the implementation of policies such as the Go west strategy have already added to the economic prosperity of a region. The surging population and growing urbanization coupled with increasing construction and infrastructure activities are driving the growth of the market. Growing investment in the residential and non-residential sectors is proliferating the China escalator Market Share. Travelling through a building on an escalator is now second nature. The China escalator industry will see increased demand for maintenance, repair, and after-sales support, as well as a significant need for new installations. The escalator market will benefit the aging population by allowing them to escape a painful flight of stairs, resulting in strong demand from this demographic. As a consequence, the market is expected to grow at a faster rate over the forecast period. Moving walkways are similar to escalators, except that instead of going up and down, they traverse at ground level. According to the research report "China Escalator Market Research Report, 2029," published by Actual Market Research, the China escalator market is anticipated to grow at more than 5.73% CAGR from 2024 to 2029. China escalator market is largely characterized by the unique nature of a developing market reaching its saturation. The China elevator and escalator market are expected to witness steady growth over the coming years with the majority of growth being driven by development in tier 2 and 3 regions of Chengdu and Wuhan. An escalator is a moving staircase used in different sectors such as buildings, and subways. The China Escalator Market is growing since the demand for elevators and escalators is rising in the country. The number of players in the market is growing, which is stimulating the progression of the market. Domestic players like Otis, Schindler, and KONE have dominated the market but they are still facing competition from local manufacturers like SJEC Corporation. There is also a rising focus on innovation in the China Elevator and Escalator Industry as players introduce new technologies in order to enhance efficiency as well as maintain safety standards. For instance, manufacturers in the country unveiled an elevator that has the potential to travel horizontally and vertically. Emphasis on safety regulations is another essential development of the sector. The sector will continue to progress more and more in the near future. One of the most notable advancements is the integration of Internet of Things (IoT) technology into escalators. Smart escalators equipped with IoT sensors allow for real-time monitoring of performance and usage patterns. This technology enables predictive maintenance, where potential issues can be identified and addressed before they lead to failures, thus reducing downtime and enhancing safety. Manufacturers are increasingly adopting these smart systems to meet the demands of modern infrastructure and improve user experience. Despite the growth, the escalator market faces challenges, including high installation and maintenance costs, which can deter investment. Stricter safety regulations imposed by the government have increased compliance costs for manufacturers. However, the ongoing demand for modernization of aging infrastructure and the construction of new buildings present significant opportunities for market expansion.

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In the Chinese escalator market, distinct segments include Parallel, Multi-parallel, Walkway, and Others, each catering to different needs and applications. Parallel escalators are often used in high-traffic areas where vertical movement is essential, such as in malls, airports, and large commercial buildings. They operate in a straightforward manner, transporting passengers between different levels efficiently. In Multi-parallel escalators, multiple escalators operate in tandem, typically seen in large transportation hubs or extensive commercial complexes. This configuration helps manage very high volumes of people simultaneously reducing wait times and improving overall flow. Walkways, or moving walkways, are designed to facilitate horizontal movement across long distances. In China, these are commonly installed in large airports, exhibition halls, and other expansive venues, helping to move passengers quickly over flat distances where escalators would not be as effective. They can be either straight or curved, adapting to the layout of the space. The others segment includes specialized or custom escalators that don't fit into the standard categories. This might encompass outdoor escalators, heavy-duty industrial escalators, or those with advanced safety features. In China, this segment is growing as the demand for unique and adaptable solutions increases, driven by rapid urbanization and infrastructure development. In the Chinese escalator market, the Industrial Vertical segment encompasses Commercial, Public Transit, and Other applications, each serving distinct needs within the broader infrastructure landscape. Commercial escalators are predominantly used in retail spaces, shopping malls, and office buildings. These installations are designed for high foot traffic and are characterized by their durability, aesthetic design, and efficiency. In China, the commercial sector is booming with rapid urban development, which drives a continuous demand for escalators that can handle large volumes of people while providing a seamless customer experience. Public Transit escalators are critical in stations, airports, and metro systems, where they facilitate the movement of passengers across multiple levels. In China's expansive and rapidly growing public transit network, these escalators must accommodate very high traffic volumes and ensure smooth, reliable operation. Their design often includes features such as reinforced structures and advanced safety systems to handle the intense usage typical of these environments. The others segment includes specialized escalators for unique industrial applications or bespoke installations. This might involve escalators in arenas, exhibition centers, or even in outdoor settings. As China continues to innovate and expand its infrastructure, there is a growing niche for custom solutions that meet specific operational needs or design challenges. In the Chinese escalator market, the Solution segment is categorized into New Installation, Maintenance & Repair, and Others, each addressing distinct aspects of escalator lifecycle management. New Installation involves the design and deployment of escalators in newly constructed or renovated buildings, including commercial spaces, public transit systems, and high-rise developments. In China, this segment is experiencing robust growth due to rapid urbanization and continuous infrastructure projects. The demand for new escalator installations is fueled by the expansion of shopping malls, office buildings, and transportation hubs, necessitating modern, efficient systems to handle increasing foot traffic. Maintenance & Repair is crucial for ensuring the longevity and safety of escalators. In China, regular maintenance is essential given the high usage rates in public and commercial spaces. This segment includes routine inspections, preventive maintenance, and emergency repairs to address wear and tear, mechanical issues, or safety concerns. With the aging infrastructure in some older urban areas and the need for consistent performance in high-traffic locations, the maintenance and repair segment is vital for operational reliability and safety. The others segment encompasses specialized solutions such as upgrades, retrofitting existing systems with new technology, or custom modifications. As Chinese cities evolve and technology advances, there is a growing need for tailored solutions to enhance performance or meet new regulatory standards. This segment reflects the market’s adaptability to specific customer needs and technological innovations.

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Nikita Jabrela

Business Development Manager

COVID-19 impacts: The elevator and escalator business has been significantly damaged in recent years as a result of lockdowns implemented in China due to the COVID-19 pandemic outbreak in December 2019. The COVID-19 epidemic has hindered the construction industry's expansion in recent years, generating delays that can be ascribed to various damaged supply chains. The elevator and escalator manufacturers, as well as the overall construction industry, are expected to face a number of challenges as most commercial projects are likely to be left incomplete or delayed due to supply chain disruptions, cash flow constraints, workforce unavailability, and production shutdowns. The demand for elevators and escalators is expected to rise in the coming years as various governments of China prepare to gradually lift the lockdowns. As the lockdowns progressively cease, the construction sector is expected to increase. As commercial developments resume throughout the world, demand for elevators and escalators is expected to rise in the upcoming years. Considered in this report • Geography: China • Historic Year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • China Elevator & Escalator Market with its value and forecast along with its segments • Application wise tire industry distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Type: • Parallel • Multi-parallel • Walkway • Others By Industrial Vertical: • Commercial • Public transit • Others By Solution: • New Installation • Maintenance & Repair • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to elevator & escalator industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.