Turkey Elevator and Escalator Market (2025-2031) | Size, Growth, Revenue, Segmentation, Analysis, Share, Trends, Industry & Outlook

Turkey Elevator and Escalator Market Growth Rate

Turkey Elevator and Escalator Market Highlights

Topics Covered in the Turkey Elevator and Escalator Market Report

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

Turkey Elevator and Escalator Market Synopsis

Turkey Elevator and Escalator Market is projected to grow at rapid pace over the coming years, backed by significantly growing urban population as rural population is actively shifting to cities, growing construction activities, and modernization of outdated systems in both residential and commercial complexes. Apart from this, elevators and escalators are vital components of Turkey’s urban mobility, ensuring smooth passenger movement in residential towers, office buildings, shopping malls, and transport hubs.

Evaluation of Growth Drivers in the Turkey Elevator and Escalator Market

Below mentioned are some prominent drivers and their influence to the market dynamics:

Turkey Elevator and Escalator Market size is projected to grow at the CAGR of 6.8% during the forecast period of 2025-2031. The continued investment in housing projects, public transportation, and commercial properties is a main driver of Turkey Elevator and Escalator Market Growth. The increasing penetration of smart elevators that include IoT-based monitoring and touchless technology is also pushing market expansion. Additionally, the updating of obsolete residential apartment systems and municipal systems is simply settling again on recurrent revenue. Rental and service-based maintenance models are gaining popularity as property owners seek operational safety, efficiency, and Turkish building compliance.

Evaluation of Restraints in the Turkey Elevator and Escalator Market

Below mentioned are some major restraints and their influence to the market dynamics:

Turkey Elevator and Escalator Market Challenges

On the other hand, the Turkey Elevator and Escalator Market faces obstacles such as related to high dependency on imports of components, shortage of trained service personnel, and fluctuating construction cycles. In addition to this, pricing pressures in new installation segments, coupled with complex compliance requirements, remain hurdles for OEMs and service providers operating in Turkey.

Turkey Elevator and Escalator Market Trends

Some of the emerging trends shaping the Turkey Elevator and Escalator Industry dynamics include:

• Smart Elevators using IoT technology: real-time monitoring, predictive maintenance, and touchless interfaces have become key elements in premium projects.
• Modernization demand: renovations in older residential and municipal buildings have driven upgrades to meet safety codes and improve aesthetics.
• Public-private infrastructure partnerships (PPP): combined public-private ownership models have contributed to an increase in escalator and moving walkway requests for metro and airport projects. 
• Luxury segment growth: advances in aesthetic looks and digital displays have resulted in more requests to use premium elevators in luxury residential and hotel projects. 

Investment Opportunities in the Turkey Elevator and Escalator Industry

Below are some prominent investment opportunities in the Turkey elevator and escalator industry:

• Residential high-rise growth – with increasing apartment construction, elevator installations continue to grow.
• Metro & airport projects – larger investments in Istanbul Metro and airport terminal need escalators and moving walkway installations.
• Green building & smart home – increased demand for energy-efficient elevators with IoT technology can provide huge growth potential.
• Service & maintenance contracts – developing recurring revenue opportunities in predictive maintenance and modernization services.

Top 5 Leading Players in the Turkey Elevator and Escalator Market

Here is the list of notable players dominating the landscape of Turkey Elevator and Escalator Market:

1. KONE Corporation

KONE is a global leader in elevators, escalators, and smart building solutions. In Turkey, it emphasizes energy-efficient elevators and escalators integrated with digital services.

2. Otis Elevator Company

Otis offers innovative passenger and freight elevators. Its focus in Turkey includes modernization services for residential and public infrastructure projects.

3. Schindler Group

Schindler specializes in escalators and elevators with advanced safety features. It caters to Turkey’s urban transport and shopping mall projects.

4. Thyssenkrupp Elevator (TK Elevator)

TK Elevator is a major supplier of smart and sustainable elevators. It plays a vital role in Turkey’s modernization and metro expansion projects.

5. Mitsubishi Electric Corporation

Mitsubishi Electric provides advanced high-speed elevators and escalators. Its offerings are prominent in Turkey’s high-rise commercial and residential buildings.

Government Regulations Introduced in the Turkey Elevator and Escalator Market

According to Turkish Government Data, the implementation of rigorous and compliant safety and energy efficiency regulations with the European Union have helped expand the market. For instance, the Ministry of Environment, Urbanization, and Climate Change require inspections and upgrades for older elevators. In addition, the National Energy Efficiency Action Plan encourages the construction of energy-efficient escalators and elevators in new projects. The Istanbul Metro Extension Project and the New Istanbul Airport are examples of government-backed, engineered projects that promote elevator and escalator consumption.

Future Insights of the Turkey Elevator and Escalator Market

Turkey Elevator and Escalator Market is poised to flourish in the foreseeable future due to continued urbanization, infrastructure, and an emphasis on sustainability. The incorporation of digital monitoring, smart controls, and green technologies will also influence the market's direction. In addition, the modernization of older residential buildings and ongoing governmental investments in metro rail and airports mean OEMs and service companies will continue to see steady revenue and market share growth.

Market Segmentation Analysis

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

By Types – Elevator to Dominate the Market

Among types, Elevators are projected to dominate the Turkey Elevator and Escalator Market due to their essential role in residential complexes, commercial towers, and public facilities. Rapid rise in high-rise apartment construction across Istanbul and Ankara, combined with the modernization of existing residential buildings, has spurred demand for advanced, energy-efficient passenger elevators.

By Services – Maintenance & Repair to Dominate the Market

According to Ayush, Senior Research Analyst, 6Wresearch, Maintenance & Repair is expected to lead due to mandatory safety inspections and long operational lifespans of equipment. The Turkish government’s regulations mandating periodic service checks, along with growing reliance on predictive maintenance, contribute to the dominance of this segment.

By End-User – Residential to Dominate the Market

Among end-users, the Residential Sector is projected to hold the largest share owing to Turkey’s rising population, urbanization, and apartment-oriented housing policies. Increasing vertical construction in metropolitan regions and ongoing government housing projects are fueling strong demand for residential elevators.

Key Attractiveness of the Report

• 10 Years of 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:

• Turkey Elevator and Escalator Market Outlook
• Market Size of Turkey Elevator and Escalator Market, 2024
• Forecast of Turkey Elevator and Escalator Market, 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Revenues & Volume for the Period 2021 - 2031
• Turkey Elevator and Escalator Market Trend Evolution
• Turkey Elevator and Escalator Market Drivers and Challenges
• Turkey Elevator and Escalator Price Trends
• Turkey Elevator and Escalator Porter's Five Forces
• Turkey Elevator and Escalator Industry Life Cycle
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Types for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Services for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021 - 2031
• Historical Data and Forecast of Turkey Elevator and Escalator Market Revenues & Volume By Public for the Period 2021 - 2031
• Turkey Elevator and Escalator Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Services
• Market Opportunity Assessment By End-User
• Turkey Elevator and Escalator Top Companies Market Share
• Turkey Elevator and Escalator Competitive Benchmarking By Technical and Operational Parameters
• Turkey Elevator and Escalator Company Profiles
• Turkey Elevator and Escalator Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Elevator
• Escalator
• Moving Walkways

By Services

• Maintenance & Repair
• New Installation
• Modernization

By End-User

• Residential
• Commercial
• Public