Europe Elevator and Escalator Market (2025-2031) | Industry, Revenue, Outlook, Value, Size, Analysis, COVID-19 IMPACT, Forecast, Share, Companies, Trends & Growth

Europe Elevator and Escalator Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the Europe Elevator and Escalator Market Size was accounted at USD 25.80 billion in 2024 and is projected to reach nearly USD 35.90 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 5% during the forecast period (2025-2031).

Europe Elevator and Escalator Market Highlights

Topics Covered in the Europe Elevator and Escalator Market Report

The Europe Elevator and Escalator Market report thoroughly covers the market by types, services, end-users, and countries. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities, high-growth areas, and market drivers that would help stakeholders align their strategies according to current and future market dynamics.

Europe Elevator and Escalator Market Synopsis

The Europe Elevator and Escalator Market projected to grow steadily, propelled by urban development, essential replacement for outdated stock, environment efficient modernization programs, and government led initiatives and programs supporting modernization and development. Furthermore, with the Large-scale residential and commercial growth, coupled with ongoing expansion of metro network and airport terminal and rapid integration of smart building technologies are also contributing to the trend. Countries such as Germany, the UK, France, and Italy remain the largest adopters, while Central and Eastern Europe proof to be strong potential regions due to modernization and infrastructure renewal.

Evaluation of Growth Drivers in the Europe Elevator and Escalator Market

Below are some prominent drivers and their influence on market trends:

Europe Elevator and Escalator Market is expected to see a steady growth, registering a CAGR of 5% during 2025–2031. Major aspects such imminent urbanization, large-scale modernization of residential and commercial infrastructure and stringent sustainability mandates are expected to compel market demand. Furthermore, the recurring refurbishment and renewal needs across Europe’s aging building stock along with rising investments in smart mobility, digital integration through AI, and IoT are also factors contributing to the Europe Elevator and Escalator Market growth.  

Evaluation of Restraints in the Europe Elevator and Escalator Market

Below are some major restraints and their influence on market dynamics:

Europe Elevator and Escalator Market Challenges

The Europe Elevator and Escalator Industry encounters multitude of challenges such as fragmented regulations across Europe Market, rising cost of raw materials and the lack of certified technicians with apt knowledge. For OEMs striking the balance between modernization, sustainability, and affordability while also ensuring compliance with the safety and accessibility standards will be significant.

Europe Elevator and Escalator Market Trends

Some major trends contributing to Revenue generation and the development of Europe Elevator and Escalator Industry are:

• Smart & High-tech Elevators: Growth of innovative technology using IOT and AI platforms are gaining attraction.
• Energy-Efficient Systems: Energy efficient tools and eco-certified low emission infrastructure are booming.
• Modernization Boom: Old infrastructure stock across Europe needs to be updated and renewed with modern technology.
• Innovative Customization: Boom in luxury real estate promotes innovative inventions such as panoramic and aesthetic elevators.
• Accessibility Mandates: Government led initiatives generate a push for inclusive design in residential and public buildings elevator utilities. 

Investment Opportunities in the Europe Elevator and Escalator Industry

Here are some investment opportunities in the Europe Elevator and Escalator Industry:

• Retrofit and Upgradation: Renewal of existing systems with advanced and energy efficient tools in compliance with EU energy efficiency standards.
• Digital Service Subscription: Expansion of AI services, IOT platforms, digital data analytics and repeated revenue generation can be managed through subscription-based models.
• Green Building Compliance: Adopting to Eco-certified and low-carbon emission vertical mobility solutions.
• Smart Residential Projects: Elevator surge in premium and senior-living residential complexes.
• Transport Infrastructure: Large scale development of transportation services is leading to walkaway demand metro and airport terminals.

Top 5 Leading Players in the Europe Elevator and Escalator Market

Here are some top companies listed:

1. Otis Elevator Company

Otis is one of the world’s largest pioneering elevator and escalator companies. In Bazil, it          is majorly known for its strong presence in high-rise residential and commercial complexes, emphasizing energy efficient combined with digital solutions.

2. KONE Corporation

KONE is a globally renowned company known for its eco-efficient elevators, escalators, and modernization services along with their strong footprint in innovative inventions especially in high rise housing and corporate buildings. 

3. Schindler Group

Schindler is known for its elevators, escalators, and moving walkways installed with digital solutions. It is widely present in Brazil malls, office buildings, and metro stations. 

4. TK Elevator (formerly Thyssenkrupp Elevator)

TK Elevator has a significant role in providing services Brazil providing regional manufacturing and service facilities. It plays substantial role in services in public infrastructure and large-scale real estate projects across the country.

5. Mitsubishi Electric Corporation

Electric is globally recognized firm known for its high speed. Functioning, durable, and reliable elevators and escalators. In Brazil its services are extensively used in airports, metro expansions, and commercial building. 

Government Regulations Introduced in the Europe Elevator and Escalator Market

EU’s Energy Performance of Buildings Directive (EPBD) sets out a range of measures to help boost the energy efficiency of buildings across Europe. France’s RE2020 building regulation mandates integration energy savings and reduced carbon footprints in new constructions. UK’s Building Safety Act compels strict safety measure while complying with the modernization mandates. Italy’s tax incentives for EcoBonus and Superbonus 110% promote modernization of elevators with eco-efficient components reducing the total upfront cost.

Future Insights of the Europe Elevator and Escalator Market

The Europe Elevator and Escalator Industry outlook remains optimistic due to modernization and urbanization. Followed by the advancement in technology and incorporating the useful tools of technology with infrastructure and renewal of older stock in compliance with the modern housing system. Furthermore, various incentives and government led initiatives promote a modernized society with refurbished infrastructure for all the people inclusive of aging society and for all the regions including the rural sector. Countries such as Germany, UK, and France will lead modernization investments, while Spain, Italy, and Eastern Europe present strong opportunities for residential installations.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

By Types — Elevators to Dominate the Market

According to Rashika, Senior Research Analyst, 6Wresearch, Elevators are expected to reign the European Elevator and Escalator Market Share due to its increasing demand in the residential and commercial area coupled with the modernization of the aging building stock and stringent accessibility regulations. Passenger elevators account for the major share while freight elevators are also gaining traction with time

By Services — Maintenance & Repair to Dominate the Market

In the services sector Maintenance & Repair services constitutes the major part lead due to Europe’s large stock of old infrastructure. Along with that Strict safety regulations and recurring maintenance constitutes long-term revenue streams for OEMs and service providers.

By End-User — Residential to Dominate the Market

The Residential segment dominates due to vertical housing demand, refurbishment of older infrastructure, and requirements inclusive for senior citizens. Governments offer subsidies for elevator modernization for the public and private sector.

By Countries — Germany to Dominate the Market

Germany holds the largest share driven by large modernization needs, sustainability initiatives, and its robust real estate sector. It also leads to the adoption of technological advance system and infrastructure.

Key Attractiveness of the Report:

• 10 Years Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Europe Elevator And Escalator Market Outlook
• Market Size of Europe Elevator And Escalator Market, 2024
• Forecast of Europe Elevator And Escalator Market, 2031
• Historical Data and Forecast of Europe Elevator And Escalator Revenues & Volume for the Period 2021 - 2031
• Europe Elevator And Escalator Market Trend Evolution
• Europe Elevator And Escalator Market Drivers and Challenges
• Europe Elevator And Escalator Price Trends
• Europe Elevator And Escalator Porter's Five Forces
• Europe Elevator And Escalator Industry Life Cycle
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 – 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By New Installation for the Period 2021 – 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Modernization for the Period 2021 – 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Residential for the Period 2021 – 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Commercial for the Period 2021 – 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Public for the Period 2021 – 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Countries for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Germany for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By United Kingdom for the Period 2021 – 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By France for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Italy for the Period 2021 – 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Russia for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Spain for the Period 2021 - 2031
• Historical Data and Forecast of Europe Elevator And Escalator Market Revenues & Volume By Rest of Europe for the Period 2021 - 2031
• Europe Elevator And Escalator Market - Key Performance Indicators
• Europe Elevator And Escalator Market - Import Export Trade Statistics
• Europe Elevator And Escalator Market - Opportunity Assessment By Countries
• Europe Elevator And Escalator Market - Opportunity Assessment By Type
• Europe Elevator And Escalator Market - Opportunity Assessment By Services
• Europe Elevator And Escalator Market - Opportunity Assessment By End-User
• Europe Elevator And Escalator Market - Top Companies Market Share
• Europe Elevator And Escalator Market - Top Companies Profiles
• Europe Elevator And Escalator Market - Comparison of Players in Technical and Operating Parameters
• Europe Elevator And Escalator Market - Strategic Recommendations

Market Scope and Segmentation

The report offers a comprehensive study of the subsequent market segments:

By Types

• Elevator
• Escalator
• Moving Walkways

By Services

• Maintenance & Repair
• New Installation
• Modernization

By End-User

• Residential
• Commercial
• Public

By Countries

• Germany
• United Kingdom
• France
• Italy
• Russia
• Spain
• Rest of Europe