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Manufacturing & Industry
Europe's Transit Hubs and Smart Cities Fueling the Elevator & Escalator Market.
The aging population has a dual effect on the market. The first is the need to bring new concepts to the market to give accessibility to houses lacking elevators. The second is a challenge when many technicians go into a well-deserved pension. The leading manufacturers of Escalators & Moving Walkways are currently implementing technologically advanced production processes to increase production efficacy and optimize product offerings. Major construction projects transform the lives of thousands of people - whether they are creating new homes, enabling better transport, or providing power to the surrounding area. As the construction industry begins to head back to work following the latest government advice, the elevator and escalator market is expected to expand owing to the biggest projects across the UK and Europe. As the construction industry begins to head back to work following the latest government advice, the elevator and escalator market is expected to expand owing to the projects across the region. Major construction projects transform the lives of thousands of people - whether they are creating new homes, enabling better transport, or providing power to the surrounding area. An interesting element of infrastructure is driven by public demand as long-term investments across the region. In this field, European resources and coordination are in order to develop multi-national infrastructure programs such as those under the Connecting Europe Facility.
According to the research report, "Europe Elevators and Escalators Market Outlook, 2029," published by Bonafide Research, the Europe Elevators and Escalators market is projected to add more than USD 4900 Million from 2024 to 2029. Smart and innovative building solutions are taking the forefront in the regional market as the country looks to innovatively accommodate its population. Growth would be aided primarily because of government regulation mandating the use of elevators to cater to the need of the aging population. With the government mandating the use of cargo elevators to cater to medical emergencies, the cargo elevator segment is likely to witness a significant increase in its revenue share. The leading manufacturers of moving walkways are currently implementing technologically advanced production processes to increase production efficacy and optimize product offerings. The region has witnessed few major renovations and maintenance projects along with mergers and acquisitions among the top players. The Platform Lift Co., headquartered in Andover, U.K., with offices in London, Manchester, and Glasgow, Scotland, has partnered with Swedish platform lift manufacturer Motala Hissar AB, part of KONE. The first Small Business Standards (SBS) Expert Meeting of 2020 was held in Brussels in February. The European Federation for Elevator Small and Medium-Sized Enterprises (EFESME) met with other professionals to discuss SBS activity in a variety of technical groups covering a range of sectors. Nearly half of Monaco's public vertical transportation will be "modernized and improved" by 2025.
Germany continues to lead the European elevator and escalator market due to its advanced engineering capabilities, strong regulatory framework, and emphasis on safety and efficiency. The country is home to some of the world's most well-known elevator and escalator manufacturers, which are pioneers in developing cutting-edge solutions such as AI-powered predictive maintenance, smart connectivity, and energy-efficient systems. These innovations help improve operational efficiency while reducing energy consumption and maintenance costs. Urbanization and infrastructure development play a crucial role in Germany’s dominance. Major cities such as Berlin, Munich, and Frankfurt are continuously upgrading their commercial and residential buildings, creating sustained demand for high-tech elevators and escalators. The country also has some of the strictest safety regulations and building codes, ensuring that only the highest quality vertical transportation systems are installed. Furthermore, Germany’s commitment to sustainability aligns with the growing trend of eco-friendly elevators that use regenerative drives, energy-efficient motors, and smart traffic management systems. These features make elevators not just a mode of transport but an integral part of smart buildings and green urban planning. With a combination of innovation, strong infrastructure, and a commitment to sustainability, Germany remains at the forefront of Europe's elevator and escalator industry.
The European market for elevators, escalators, and moving walkways is witnessing steady growth, driven by rapid urbanization, technological advancements, and a strong emphasis on sustainability. Elevators remain the backbone of high-rise buildings, ensuring efficient vertical mobility in both residential and commercial sectors. Advanced technologies such as AI-driven predictive maintenance, destination control systems, and energy-efficient models are revolutionizing the industry. Escalators, commonly found in shopping malls, transit stations, and airports, are evolving with smart automation and enhanced safety features. Moving walkways, essential in large transportation hubs and commercial spaces, continue to expand as infrastructure projects focus on improving passenger flow and accessibility. Europe’s strict safety regulations and sustainability goals are pushing manufacturers to develop eco-friendly solutions, such as regenerative braking systems and smart energy management. Countries like Germany, France, and the UK are leading the adoption of smart, connected elevator and escalator systems, integrating them into modern urban infrastructure. Additionally, the push for digitalization and IoT-based monitoring systems ensures better service efficiency and reduced downtime. As cities expand and modernize, the demand for reliable and intelligent vertical transportation solutions in Europe remains strong, shaping the future of urban mobility across the region.
The European elevator and escalator market is driven by three key segments: new installations, maintenance & repair, and modernization. New installations are fueled by infrastructure growth, urbanization, and sustainability initiatives. The rise of smart buildings, high-rise residential complexes, and commercial skyscrapers has increased demand for advanced elevator and escalator solutions with enhanced safety, speed, and energy efficiency. Meanwhile, the maintenance and repair segment play a crucial role in ensuring the longevity and safety of existing systems. Europe has some of the strictest safety regulations, requiring regular inspections and upgrades to prevent malfunctions and ensure passenger security. With a large number of older buildings still in use, modernization has become a vital segment. Many outdated elevator and escalator systems are being upgraded with smart controls, regenerative braking, and AI-based monitoring systems to improve performance and efficiency. Digitalization is also transforming maintenance with predictive analytics, reducing downtime and operational costs. Countries like Germany, France, and Italy are leading in modernization efforts, integrating IoT and AI to enhance system reliability. As Europe’s urban infrastructure continues to evolve, these three segments will remain critical to sustaining efficiency, safety, and technological advancement in vertical mobility
The demand for elevators, escalators, and moving walkways in Europe is segmented into residential, commercial, and other applications. In the residential sector, the increasing construction of high-rise apartments and smart buildings is driving the need for advanced, energy-efficient elevators. Urbanization and aging populations in countries like Germany and the UK have also led to a rise in home elevator installations, improving accessibility for elderly residents. In the commercial sector, demand is driven by shopping malls, office complexes, hotels, and airports, where escalators and high-speed elevators are crucial for managing large foot traffic. Smart elevator systems with destination control, real-time monitoring, and AI-driven optimization are becoming a standard feature in modern commercial buildings. The "others" category includes applications such as healthcare facilities, educational institutions, and industrial sites. Hospitals, for example, require specialized elevators with smooth, rapid, and quiet operation for patient transport. Public transportation hubs such as train stations and metro systems increasingly rely on moving walkways and escalators to enhance passenger movement and accessibility. Across Europe, sustainability and digitalization remain major drivers, with companies prioritizing eco-friendly materials, smart connectivity, and enhanced safety features in all sectors of the vertical mobility market.
According to the research report, "Europe Elevators and Escalators Market Outlook, 2029," published by Bonafide Research, the Europe Elevators and Escalators market is projected to add more than USD 4900 Million from 2024 to 2029. Smart and innovative building solutions are taking the forefront in the regional market as the country looks to innovatively accommodate its population. Growth would be aided primarily because of government regulation mandating the use of elevators to cater to the need of the aging population. With the government mandating the use of cargo elevators to cater to medical emergencies, the cargo elevator segment is likely to witness a significant increase in its revenue share. The leading manufacturers of moving walkways are currently implementing technologically advanced production processes to increase production efficacy and optimize product offerings. The region has witnessed few major renovations and maintenance projects along with mergers and acquisitions among the top players. The Platform Lift Co., headquartered in Andover, U.K., with offices in London, Manchester, and Glasgow, Scotland, has partnered with Swedish platform lift manufacturer Motala Hissar AB, part of KONE. The first Small Business Standards (SBS) Expert Meeting of 2020 was held in Brussels in February. The European Federation for Elevator Small and Medium-Sized Enterprises (EFESME) met with other professionals to discuss SBS activity in a variety of technical groups covering a range of sectors. Nearly half of Monaco's public vertical transportation will be "modernized and improved" by 2025.
Germany continues to lead the European elevator and escalator market due to its advanced engineering capabilities, strong regulatory framework, and emphasis on safety and efficiency. The country is home to some of the world's most well-known elevator and escalator manufacturers, which are pioneers in developing cutting-edge solutions such as AI-powered predictive maintenance, smart connectivity, and energy-efficient systems. These innovations help improve operational efficiency while reducing energy consumption and maintenance costs. Urbanization and infrastructure development play a crucial role in Germany’s dominance. Major cities such as Berlin, Munich, and Frankfurt are continuously upgrading their commercial and residential buildings, creating sustained demand for high-tech elevators and escalators. The country also has some of the strictest safety regulations and building codes, ensuring that only the highest quality vertical transportation systems are installed. Furthermore, Germany’s commitment to sustainability aligns with the growing trend of eco-friendly elevators that use regenerative drives, energy-efficient motors, and smart traffic management systems. These features make elevators not just a mode of transport but an integral part of smart buildings and green urban planning. With a combination of innovation, strong infrastructure, and a commitment to sustainability, Germany remains at the forefront of Europe's elevator and escalator industry.
The European market for elevators, escalators, and moving walkways is witnessing steady growth, driven by rapid urbanization, technological advancements, and a strong emphasis on sustainability. Elevators remain the backbone of high-rise buildings, ensuring efficient vertical mobility in both residential and commercial sectors. Advanced technologies such as AI-driven predictive maintenance, destination control systems, and energy-efficient models are revolutionizing the industry. Escalators, commonly found in shopping malls, transit stations, and airports, are evolving with smart automation and enhanced safety features. Moving walkways, essential in large transportation hubs and commercial spaces, continue to expand as infrastructure projects focus on improving passenger flow and accessibility. Europe’s strict safety regulations and sustainability goals are pushing manufacturers to develop eco-friendly solutions, such as regenerative braking systems and smart energy management. Countries like Germany, France, and the UK are leading the adoption of smart, connected elevator and escalator systems, integrating them into modern urban infrastructure. Additionally, the push for digitalization and IoT-based monitoring systems ensures better service efficiency and reduced downtime. As cities expand and modernize, the demand for reliable and intelligent vertical transportation solutions in Europe remains strong, shaping the future of urban mobility across the region.
The European elevator and escalator market is driven by three key segments: new installations, maintenance & repair, and modernization. New installations are fueled by infrastructure growth, urbanization, and sustainability initiatives. The rise of smart buildings, high-rise residential complexes, and commercial skyscrapers has increased demand for advanced elevator and escalator solutions with enhanced safety, speed, and energy efficiency. Meanwhile, the maintenance and repair segment play a crucial role in ensuring the longevity and safety of existing systems. Europe has some of the strictest safety regulations, requiring regular inspections and upgrades to prevent malfunctions and ensure passenger security. With a large number of older buildings still in use, modernization has become a vital segment. Many outdated elevator and escalator systems are being upgraded with smart controls, regenerative braking, and AI-based monitoring systems to improve performance and efficiency. Digitalization is also transforming maintenance with predictive analytics, reducing downtime and operational costs. Countries like Germany, France, and Italy are leading in modernization efforts, integrating IoT and AI to enhance system reliability. As Europe’s urban infrastructure continues to evolve, these three segments will remain critical to sustaining efficiency, safety, and technological advancement in vertical mobility
The demand for elevators, escalators, and moving walkways in Europe is segmented into residential, commercial, and other applications. In the residential sector, the increasing construction of high-rise apartments and smart buildings is driving the need for advanced, energy-efficient elevators. Urbanization and aging populations in countries like Germany and the UK have also led to a rise in home elevator installations, improving accessibility for elderly residents. In the commercial sector, demand is driven by shopping malls, office complexes, hotels, and airports, where escalators and high-speed elevators are crucial for managing large foot traffic. Smart elevator systems with destination control, real-time monitoring, and AI-driven optimization are becoming a standard feature in modern commercial buildings. The "others" category includes applications such as healthcare facilities, educational institutions, and industrial sites. Hospitals, for example, require specialized elevators with smooth, rapid, and quiet operation for patient transport. Public transportation hubs such as train stations and metro systems increasingly rely on moving walkways and escalators to enhance passenger movement and accessibility. Across Europe, sustainability and digitalization remain major drivers, with companies prioritizing eco-friendly materials, smart connectivity, and enhanced safety features in all sectors of the vertical mobility market.
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