Escalator Market Analysis and Segment Forecasts, 2014 to 2024

The global escalator market is expected to grow at a CAGR of 4.4%%%% over the forecast period. Among the various growth factors, increasing urbanization and ageing population are expected to play a key role. Moreover, owing to increasing urban population, there is a drive to optimize construction space in urban areas, which is also expected to add to the growth of the market over the forecast period. Commercial segment dominates the global market with the increasing urbanization rate in multiple countries. To that end, key deployment avenues such as shopping malls and other commercial establishments are expected to add to the growth of the market.