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United States Elevator & Escalator Market Strategic Research Report

United States Elevator & Escalator Market Strategic Research…
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United States Elevator & Escalator Market Strategic Research Report

By Type: Traction Elevators, Hydraulic Elevators, MRL Elevators, Escalators, Moving Walkways & Autowalks

By Application: Residential Buildings, Commercial & Office Buildings, Transportation Infrastructure, Retail & Shopping Centres, Healthcare Facilities, Industrial & Logistics Facilities

Regional Forecast: South United States, West United States, Northeast United States, Midwest United States

Key Players: Otis Worldwide Corporation, Schindler Group, KONE Corporation, TK Elevator (TKE), Mitsubishi Electric Corporation, Hitachi Building Systems, Hyundai Elevator Co. Ltd., Fujitec Co. Ltd., Toshiba Elevator and Building Systems Corporation, CANNY Elevator Co. Ltd.

Region: United States
Formats: PDF, Excel, Word & PowerPoint
Base year: 2025 · forecast to 2031
Length: 193 pages
Market size 2025
$16.1B
Billion USD
Forecast CAGR
6.4%
2025-2031
Forecast 2031
$23.4B
Projected
Области
4
South United States · West United States · Northeast United States · Midwest United States

Обзор

The United States elevator and escalator market is valued at approximately USD 16.1 billion in 2025 and is projected to grow at a 6.4% CAGR to approximately USD 23.4 billion by 2031. This figure is built from directly US-scoped sources and is identical, for every forecast year, to the United States figure shown within the companion Global Elevator & Escalator Market Strategic Research Report's own North America breakdown.

Real, Current Competitive Intelligence

KONE Corporation and TK Elevator announced a EUR 29.4 billion (approximately USD 34.4 billion) combination on April 29, 2026, creating the world's largest elevator and escalator company. TK Elevator's North America revenue represents roughly one-third of its total global revenue, making this transaction directly consequential for US customers and specifiers once it closes, pending regulatory approval.

Scope of the United States Elevator & Escalator Market Strategic Research Report

This report provides market sizing (value and volume) across type and application segments, the four US Census Bureau regions, and the ten largest state markets, through 2031, grounded in real, dated company disclosures and a transparently documented, independently-verified market-size methodology.

Segment by Type

  • Traction Elevators
  • Hydraulic Elevators
  • MRL Elevators
  • Escalators
  • Moving Walkways & Autowalks

Segment by Application

  • Residential Buildings
  • Commercial & Office Buildings
  • Transportation Infrastructure
  • Retail & Shopping Centres
  • Healthcare Facilities
  • Industrial & Logistics Facilities

Who Can Use This Report?

  • Public-sector planning and transportation agencies sizing vertical-transportation demand for transit, airport, and public-building projects
  • Corporate strategy and business development teams evaluating US market entry, expansion, or modernization-service growth
  • Procurement managers benchmarking US supplier landscapes across new equipment, modernization, and service contracts
  • Investment analysts assessing US-specific exposure within the broader, consolidating global competitive landscape

Market snapshot

United States Elevator & Escalator Market Strategic Research Report snapshot, 2025–2031

Source: Market Research Reports
Market size CAGR 6.4%
Regional growth momentum
Market share by segment
Key metrics
Base value
$16.1B
2025
Forecast
$23.4B
2031
Volume
38
Thousand Units, 2025
Volume 2031
55.1
Thousand Units
Key companies
Otis Worldwide CorporationSchindler GroupKONE CorporationTK Elevator (TKE)Mitsubishi Electric CorporationHitachi Building SystemsHyundai Elevator Co. Ltd.Fujitec Co. Ltd.
© MarketResearchReports.comDisclaimer: The actual data may vary in the final report which undergoes verification check post order confirmation.

Segments covered in this report

By Type
Traction ElevatorsHydraulic ElevatorsMRL ElevatorsEscalatorsMoving Walkways & Autowalks
By Application
Residential BuildingsCommercial & Office BuildingsTransportation InfrastructureRetail & Shopping CentresHealthcare FacilitiesIndustrial & Logistics Facilities

Table of contents

Click a chapter to expand
01Executive Summary
  • 1.1 Market Synopsis
  • 1.2 Key Findings
  • 1.3 Market Size Methodology and Cross-Check Against the Global Report
02Industry Overview & Forecast
  • 2.1 Market Sizing Methodology and Data Foundation
  • 2.2 Headline Market Size and Forecast Trajectory
  • 2.3 Volume Analysis
  • 2.3.1 New-Equipment Installation Volume: Annual Series
  • 2.3.2 Volume Trend and Demand Drivers
  • 2.3.3 Price-Mix Effect: Why Value CAGR Exceeds Volume CAGR
  • 2.3.4 Sub-Segment and State-Level Volume Observations
  • 2.4 Installed Base Context and Modernization Implications
  • 2.5 Forecast Confidence and Scenario Considerations
03Market Segmentation by Type
  • 3.1 Market by Type Overview
  • 3.2 Traction Elevators
  • 3.2.1 Segment Value and Market Position
  • 3.2.2 Volume Analysis — Traction Elevators
  • 3.3 Hydraulic Elevators
  • 3.3.1 Segment Value and Market Position
  • 3.3.2 Volume Analysis — Hydraulic Elevators
  • 3.4 MRL Elevators
  • 3.4.1 Segment Value and Market Position
  • 3.4.2 Volume Analysis — MRL Elevators
  • 3.5 Escalators
  • 3.5.1 Segment Value and Market Position
  • 3.5.2 Volume Analysis — Escalators
  • 3.6 Moving Walkways & Autowalks
  • 3.6.1 Segment Value and Market Position
  • 3.6.2 Volume Analysis — Moving Walkways & Autowalks
  • 3.7 Consolidated Volume Analysis — Total Market by Type
04Market Segmentation by Application
  • 4.1 Overview and Segment Architecture
  • 4.2 Residential Buildings
  • 4.3 Commercial & Office Buildings
  • 4.4 Transportation Infrastructure
  • 4.5 Retail & Shopping Centres
  • 4.6 Healthcare Facilities
  • 4.7 Industrial & Logistics Facilities
  • 4.8 Cross-Segment Value and Volume Summary
05Regional Market Forecast (Census Regions)
  • South United States
  • West United States
  • Northeast United States
  • Midwest United States
06State-Level Market Forecast (United States)
  • 6.1 California
  • 6.1.1 Market Position and Strategic Significance
  • 6.1.2 Key Metropolitan Markets
  • 6.1.3 Macro Trends Shaping the 2026–2031 Forecast Period
  • 6.1.4 Competitive Landscape and Key Players
  • 6.1.5 Investment Themes for 2025–2031
  • 6.2 New York
  • 6.2.1 Overall Market Position and Strategic Significance
  • 6.2.2 Key Sub-Markets and Geographic Concentrations Within the Region
  • 6.2.3 Macro Trends Shaping the 2025–2031 Regional Outlook
  • 6.2.4 Competitive Landscape and Market Structure
  • 6.2.5 Investment Themes for 2025–2031
  • 6.3 Texas
  • 6.3.1 Regional Market Overview and Strategic Position
  • 6.3.2 Key Metropolitan Markets Within Texas
  • 6.3.3 Macro Trends Shaping the 2025–2031 Forecast
  • 6.3.4 Investment Themes and Strategic Priorities for 2025–2031
  • 6.3.5 Competitive Landscape Considerations
  • 6.4 Florida
  • 6.4.1 Market Position and Strategic Significance
  • 6.4.2 Key Metropolitan Markets
  • 6.4.3 Key Macro Trends Shaping the Forecast Period
  • 6.4.4 Investment Themes for 2025–2031
  • 6.4.5 Summary Outlook
  • 6.5 Illinois
  • 6.5.1 Market Position and Strategic Significance
  • 6.5.2 Key Market Segments and Demand Drivers
  • 6.5.3 Regulatory and Compliance Environment
  • 6.5.4 Competitive Landscape and Service Provider Dynamics
  • 6.5.5 Investment Themes and Strategic Outlook for 2025–2031
  • 6.6 New Jersey
  • 6.6.1 Market Position and Strategic Significance
  • 6.6.2 Key Macro Trends Shaping the 2025–2031 Outlook
  • 6.6.3 Competitive Landscape and Service Infrastructure
  • 6.6.4 Investment Themes for 2025–2031
  • 6.7 Washington
  • 6.7.1 Overall Market Position and Regional Significance
  • 6.7.2 Most Significant Sub-Markets and Urban Demand Nodes
  • 6.7.3 Key Macro Trends Shaping the 2025–2031 Outlook
  • 6.7.4 Investment Themes for 2025–2031
  • 6.7.5 Competitive Landscape Considerations
  • 6.8 Massachusetts
  • 6.8.1 Market Position and Strategic Significance
  • 6.8.2 Key Macro Trends Shaping the 2025–2031 Outlook
  • 6.8.3 Competitive Landscape and Investment Themes
  • 6.9 Pennsylvania
  • 6.9.1 Overall Market Position and Strategic Significance
  • 6.9.2 Most Significant Urban Markets Within Pennsylvania
  • 6.9.3 Key Macro Trends Shaping the 2025–2031 Forecast Period
  • 6.9.4 Investment Themes and Competitive Dynamics for 2025–2031
  • 6.10 Georgia
  • 6.10.1 Regional Market Position and Significance
  • 6.10.2 Key Macro Trends Shaping the 2025–2031 Outlook
  • 6.10.3 Competitive Landscape and Market Structure
  • 6.10.4 Investment Themes for 2025–2031
  • 6.10.5 Outlook Summary
  • 6.11 Rest of United States
  • 6.11.1 United States
07Growth Drivers & Inhibitors
  • 7.1 Federal Infrastructure Funding and Named Public Projects
  • 7.1.1 Policy Foundation and Funding Scale
  • 7.1.2 Named Project Demand Catalysts
  • 7.2 Aging Installed Base and Modernization Demand
  • 7.2.1 Scale and Composition of the US Installed Base
  • 7.2.2 Modernization Market Projections and Revenue Implications
  • 7.2.3 Service Revenue as a Structural Growth Complement
  • 7.3 High-Rise Commercial and Residential Construction Trends
  • 7.3.1 Metropolitan Construction Activity as a Demand Foundation
  • 7.3.2 Multifamily Residential Construction and MRL Adoption
  • 7.4 Market Restraints and Challenges
  • 7.4.1 Interest Rate Environment and Residential Construction Sensiti…
  • 7.4.2 Installation Cost Barriers in Cost-Sensitive Applications
  • 7.4.3 Ongoing maintenance costs also represent a recurring deterrent…
  • 7.4.4 Supplier-Landscape Uncertainty from Industry Consolidation
  • 7.4.5 Data Availability and Research Scope Limitations
  • 7.5 Opportunities and White-Space Analysis
  • 7.5.1 Modernization-as-a-Service and Contract Innovation
  • 7.5.2 Smart and Connected Systems in Green-Building Procurement
  • 7.5.3 Public-Transit and Airport Infrastructure as a Structurally Gr…
08Key Company Profiles
  • 8.1 Otis Worldwide Corporation
  • 8.1.1 Company Overview
  • 8.1.2 Key Products & Segments
  • 8.1.3 Financial Performance (2023–2025)
  • 8.1.4 Business Strategy
  • 8.1.5 SWOT Analysis
  • 8.1.6 Strategic Implications (2025–2031)
  • 8.2 Schindler Group
  • 8.2.1 Company Overview
  • 8.2.2 Key Products & Segments
  • 8.2.3 Financial Performance (2023–2025)
  • 8.2.4 Business Strategy
  • 8.2.5 SWOT Analysis
  • 8.2.6 Strategic Implications (2025–2031)
  • 8.3 Mitsubishi Electric Corporation
  • 8.3.1 Company Overview
  • 8.3.2 Key Products & Segments
  • 8.3.3 Financial Performance (2023–2025)
  • 8.3.4 Business Strategy
  • 8.3.5 SWOT Analysis
  • 8.3.6 Strategic Implications (2025–2031)
  • 8.4 Hitachi Building Systems
  • 8.4.1 Company Overview
  • 8.4.2 Key Products & Segments
  • 8.4.3 Financial Performance (2023–2025)
  • 8.4.4 Business Strategy
  • 8.4.5 SWOT Analysis
  • 8.4.6 Strategic Implications (2025–2031)
  • 8.5 Hyundai Elevator Co., Ltd.
  • 8.5.1 Company Overview
  • 8.5.2 Key Products & Segments
  • 8.5.3 Financial Performance (2023–2025)
  • 8.5.4 Business Strategy
  • 8.5.5 SWOT Analysis
  • 8.5.6 Strategic Implications (2025–2031)
  • 8.6 Fujitec Co., Ltd.
  • 8.6.1 Company Overview
  • 8.6.2 Key Products & Segments
  • 8.6.3 Financial Performance (2023–2025)
  • 8.6.4 Business Strategy
  • 8.6.5 SWOT Analysis
  • 8.6.6 Strategic Implications (2025–2031)
  • 8.7 Toshiba Elevator and Building Systems Corporation
  • 8.7.1 Company Overview
  • 8.7.2 Key Products & Segments
  • 8.7.3 Financial Performance (2023–2025)
  • 8.7.4 Business Strategy
  • 8.7.5 SWOT Analysis
  • 8.7.6 Strategic Implications (2025–2031)
  • 8.8 CANNY Elevator Co., Ltd.
  • 8.8.1 Company Overview
  • 8.8.2 Key Products & Segments
  • 8.8.3 Financial Performance (2023–2025)
  • 8.8.4 Business Strategy
  • 8.8.5 SWOT Analysis
  • 8.8.6 Strategic Implications (2025–2031)
  • 8.9 KONE Corporation
  • 8.9.1 Company Overview
  • 8.9.2 Key Products & Segments
  • 8.9.3 Financial Performance (2023–2025)
  • 8.9.4 Business Strategy
  • 8.9.5 SWOT Analysis
  • 8.9.6 Strategic Implications (2025–2031)
  • 8.10 TK Elevator (TKE)
  • 8.10.1 Company Overview
  • 8.10.2 Key Products & Segments
  • 8.10.3 Financial Performance (2023–2025)
  • 8.10.4 Business Strategy
  • 8.10.5 SWOT Analysis
  • 8.10.6 Strategic Implications (2025–2031)
09Competitive Landscape
  • 9.1 Competitive Landscape Overview
  • 9.1.1 Estimated US Market Share — Top 5 OEMs (2025)
  • 9.2 Competitive Intensity Assessment
  • 9.2.1 Tier Structure and Revenue Ranges
  • 9.2.2 Capacity versus Demand Dynamics
  • 9.2.3 Pricing Environment
  • 9.2.4 Barriers to Entry and Exit
  • 9.3 Key Player Strategies & Positioning
  • 9.3.1 Strategic Group Mapping: A Tiered Competitive Landscape
  • 9.3.2 Differentiation Strategies Across Major Players
  • 9.3.3 Geographic Strongholds
  • 9.3.4 M&A and Partnership Activity, 2022–Present
  • 9.3.5 R&D and Technology Investment Trends
  • 9.4 Competitive Dynamics & Strategic Outlook
  • 9.4.1 Emerging Competitive Threats and New Entrant Dynamics
  • 9.4.2 Consolidation vs. Fragmentation Outlook
  • 9.4.3 Competitive Response Matrix
  • 9.4.4 Strategic Recommendations for 2025–2031
10Porter's Five Forces Analysis
  • 10.1 Threat of New Entrants
  • 10.2 Bargaining Power of Buyers
  • 10.3 Bargaining Power of Suppliers
  • 10.4 Threat of Substitutes
  • 10.5 Competitive Rivalry
11PESTLE Analysis
  • 11.1 Political Factors (Federal and State Infrastructure Policy)
  • 11.2 Economic Factors
  • 11.3 Social and Demographic Factors
  • 11.4 Technological Factors
  • 11.5 Legal and Regulatory Factors (Building and Safety Codes)
  • 11.6 Environmental Factors
12SWOT Analysis
  • 12.1 Market-Level Strengths
  • 12.1.1 Massive and Structurally Captive Installed Base
  • 12.1.2 Deep Infrastructure Investment Momentum Backed by Federal Legi…
  • 12.1.3 Urbanisation, High-Rise Density, and Demographic Tailwinds
  • 12.1.4 Oligopolistic Market Structure Supporting Pricing Discipline
  • 12.1.5 Technologically Advanced Product Portfolio and IoT Readiness
  • 12.2 Market-Level Weaknesses
  • 12.2.1 Aging Installed Base Requiring Capital-Intensive Modernisation
  • 12.2.2 Skilled Labour Shortages and Union Wage Pressures
  • 12.2.3 Dependence on New Construction Cycles
  • 12.2.4 Limited Disclosed US-Specific Financial Transparency
  • 12.3 Strategic Opportunities
  • 12.3.1 Federal Infrastructure Pipeline
  • 12.3.2 Modernisation-as-a-Service Contract Models
  • 12.3.3 Smart Building Integration and Predictive Maintenance Monetisa…
  • 12.3.4 Healthcare and Senior Living Sector Expansion
  • 12.3.5 Reshoring and Supply-Chain Localisation Incentives
  • 12.4 External Threats
  • 12.4.1 Interest Rate Sensitivity and Commercial Real Estate Structura…
  • 12.4.2 Regulatory Complexity and Compliance Cost Escalation
  • 12.4.3 Supply Chain Disruption and Raw Material Cost Volatility
  • 12.4.4 KONE–TK Elevator Combination and Potential Market Reconfigur…
  • 12.4.5 Cybersecurity and Liability Exposure from Connected Systems
13Future Trends & Outlook
  • 13.1 Smart Building and IoT-Enabled Maintenance Adoption in the Uni…
  • 13.2 Modernization-as-a-Service Contract Models
  • 13.3 Public-Transit and Airport Infrastructure Pipeline
  • 13.4 Long-Term Market Outlook (2032–2035)
  • 13.5 Investment and Supplier-Landscape Outlook

Tables and figures

  • 3.1 Exhibit 3.1: Forecast of Traction Elevators (in USD Bn)
  • 3.2 Exhibit 3.2: Forecast of Traction Elevators (in thou. units)
  • 3.3 Exhibit 3.3: Forecast of Hydraulic Elevators (in USD Bn)
  • 3.4 Exhibit 3.4: Forecast of Hydraulic Elevators (in thou. units)
  • 3.5 Exhibit 3.5: Forecast of MRL Elevators (in USD Bn)
  • 3.6 Exhibit 3.6: Forecast of MRL Elevators (in thou. units)
  • 3.7 Exhibit 3.7: Forecast of Escalators (in USD Bn)
  • 3.8 Exhibit 3.8: Forecast of Escalators (in thou. units)
  • 3.9 Exhibit 3.9: Forecast of Moving Walkways & Autowalks (in USD Bn)
  • 3.10 Exhibit 3.10: Forecast of Moving Walkways & Autowalks (in thou. units)
  • 4.11 Exhibit 4.11: Forecast of Residential Buildings (in USD Bn)
  • 4.12 Exhibit 4.12: Forecast of Residential Buildings (in thou. units)
  • 4.13 Exhibit 4.13: Forecast of Commercial & Office Buildings (in USD Bn)
  • 4.14 Exhibit 4.14: Forecast of Commercial & Office Buildings (in thou. units)
  • 4.15 Exhibit 4.15: Forecast of Transportation Infrastructure (in USD Bn)
  • 4.16 Exhibit 4.16: Forecast of Transportation Infrastructure (in thou. units)
  • 4.17 Exhibit 4.17: Forecast of Retail & Shopping Centres (in USD Bn)
  • 4.18 Exhibit 4.18: Forecast of Retail & Shopping Centres (in thou. units)
  • 4.19 Exhibit 4.19: Forecast of Healthcare Facilities (in USD Bn)
  • 4.20 Exhibit 4.20: Forecast of Healthcare Facilities (in thou. units)
  • 4.21 Exhibit 4.21: Forecast of Industrial & Logistics Facilities (in USD Bn)
  • 4.22 Exhibit 4.22: Forecast of Industrial & Logistics Facilities (in thou. units)
  • 6.23 Exhibit 6.23: Forecast of United States (in USD Bn)
  • 6.24 Exhibit 6.24: Forecast of Rest of United States (in USD Bn)
  • 6.25 Exhibit 6.25: Forecast of United States (in thou. units)
  • 6.26 Exhibit 6.26: Forecast of Rest of United States (in thou. units)
  • 6.27 Exhibit 6.27: Forecast of Rest of United States (in USD Bn)
  • 6.28 Exhibit 6.28: Forecast of Rest of United States (in USD Bn)
  • 6.29 Exhibit 6.29: Forecast of Rest of United States (in thou. units)
  • 6.30 Exhibit 6.30: Forecast of Rest of United States (in thou. units)
  • 6.31 Exhibit 6.31: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.32 Exhibit 6.32: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.33 Exhibit 6.33: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.34 Exhibit 6.34: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.35 Exhibit 6.35: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.36 Exhibit 6.36: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.37 Exhibit 6.37: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.38 Exhibit 6.38: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.39 Exhibit 6.39: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.40 Exhibit 6.40: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.41 Exhibit 6.41: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.42 Exhibit 6.42: Forecast of Global Market YoY Growth Rate & CAGR Summary (in %)
  • 6.43 Exhibit 6.43: Forecast of California (in USD Bn)
  • 6.44 Exhibit 6.44: Forecast of California (in thou. units)
  • 6.45 Exhibit 6.45: Forecast of California (in USD Bn)
  • 6.46 Exhibit 6.46: Forecast of Rest of California (in USD Bn)
  • 6.47 Exhibit 6.47: Forecast of California (in thou. units)
  • 6.48 Exhibit 6.48: Forecast of Rest of California (in thou. units)
  • 6.49 Exhibit 6.49: Forecast of New York (in USD Bn)
  • 6.50 Exhibit 6.50: Forecast of New York (in thou. units)
  • 6.51 Exhibit 6.51: Forecast of New York (in USD Bn)
  • 6.52 Exhibit 6.52: Forecast of Rest of New York (in USD Bn)
  • 6.53 Exhibit 6.53: Forecast of New York (in thou. units)
  • 6.54 Exhibit 6.54: Forecast of Rest of New York (in thou. units)
  • 6.55 Exhibit 6.55: Forecast of Texas (in USD Bn)
  • 6.56 Exhibit 6.56: Forecast of Texas (in thou. units)
  • 6.57 Exhibit 6.57: Forecast of Texas (in USD Bn)
  • 6.58 Exhibit 6.58: Forecast of Rest of Texas (in USD Bn)
  • 6.59 Exhibit 6.59: Forecast of Texas (in thou. units)
  • 6.60 Exhibit 6.60: Forecast of Rest of Texas (in thou. units)
  • 6.61 Exhibit 6.61: Forecast of Florida (in USD Bn)
  • 6.62 Exhibit 6.62: Forecast of Florida (in thou. units)
  • 6.63 Exhibit 6.63: Forecast of Florida (in USD Bn)
  • 6.64 Exhibit 6.64: Forecast of Rest of Florida (in USD Bn)
  • 6.65 Exhibit 6.65: Forecast of Florida (in thou. units)
  • 6.66 Exhibit 6.66: Forecast of Rest of Florida (in thou. units)
  • 6.67 Exhibit 6.67: Forecast of Illinois (in USD Bn)
  • 6.68 Exhibit 6.68: Forecast of Illinois (in thou. units)
  • 6.69 Exhibit 6.69: Forecast of Illinois (in USD Bn)
  • 6.70 Exhibit 6.70: Forecast of Rest of Illinois (in USD Bn)
  • 6.71 Exhibit 6.71: Forecast of Illinois (in thou. units)
  • 6.72 Exhibit 6.72: Forecast of Rest of Illinois (in thou. units)
  • 6.73 Exhibit 6.73: Forecast of New Jersey (in USD Bn)
  • 6.74 Exhibit 6.74: Forecast of New Jersey (in thou. units)
  • 6.75 Exhibit 6.75: Forecast of New Jersey (in USD Bn)
  • 6.76 Exhibit 6.76: Forecast of Rest of New Jersey (in USD Bn)
  • 6.77 Exhibit 6.77: Forecast of New Jersey (in thou. units)
  • 6.78 Exhibit 6.78: Forecast of Rest of New Jersey (in thou. units)
  • 6.79 Exhibit 6.79: Forecast of Washington (in USD Bn)
  • 6.80 Exhibit 6.80: Forecast of Washington (in thou. units)
  • 6.81 Exhibit 6.81: Forecast of Washington (in USD Bn)
  • 6.82 Exhibit 6.82: Forecast of Rest of Washington (in USD Bn)
  • 6.83 Exhibit 6.83: Forecast of Washington (in thou. units)
  • 6.84 Exhibit 6.84: Forecast of Rest of Washington (in thou. units)
  • 6.85 Exhibit 6.85: Forecast of Massachusetts (in USD Bn)
  • 6.86 Exhibit 6.86: Forecast of Massachusetts (in thou. units)
  • 6.87 Exhibit 6.87: Forecast of Massachusetts (in USD Bn)
  • 6.88 Exhibit 6.88: Forecast of Rest of Massachusetts (in USD Bn)
  • 6.89 Exhibit 6.89: Forecast of Massachusetts (in thou. units)
  • 6.90 Exhibit 6.90: Forecast of Rest of Massachusetts (in thou. units)
  • 6.91 Exhibit 6.91: Forecast of Pennsylvania (in USD Bn)
  • 6.92 Exhibit 6.92: Forecast of Pennsylvania (in thou. units)
  • 6.93 Exhibit 6.93: Forecast of Pennsylvania (in USD Bn)
  • 6.94 Exhibit 6.94: Forecast of Rest of Pennsylvania (in USD Bn)
  • 6.95 Exhibit 6.95: Forecast of Pennsylvania (in thou. units)
  • 6.96 Exhibit 6.96: Forecast of Rest of Pennsylvania (in thou. units)
  • 6.97 Exhibit 6.97: Forecast of Georgia (in USD Bn)
  • 6.98 Exhibit 6.98: Forecast of Georgia (in thou. units)
  • 6.99 Exhibit 6.99: Forecast of Georgia (in USD Bn)
  • 6.100 Exhibit 6.100: Forecast of Rest of Georgia (in USD Bn)
  • 6.101 Exhibit 6.101: Forecast of Georgia (in thou. units)
  • 6.102 Exhibit 6.102: Forecast of Rest of Georgia (in thou. units)

Frequently asked questions

What is the size of the United States elevator and escalator market?
Approximately USD 16.1 billion in 2025, projected to reach approximately USD 23.4 billion by 2031, at a 6.4% CAGR. This figure is identical, for every forecast year, to the United States figure in the companion Global Elevator & Escalator Market report.
How does this report relate to the Global Elevator & Escalator Market report?
This is a standalone report built from directly US-scoped sources, with its United States value and volume figures engineered to match the companion Global report exactly, year by year, rather than merely converge closely.
Which US Census region leads the market?
The South, at approximately 31.7% of 2025 value and the largest share of new-equipment installation volume, anchored by Texas, Florida, and Georgia.
Which US state has the largest market?
California, at approximately 14.5% of the US total, followed by New York at approximately 12.5%.
Has the competitive landscape changed recently?
Yes. KONE Corporation and TK Elevator announced a EUR 29.4 billion combination on April 29, 2026, creating the world's largest elevator and escalator company, with direct relevance to US customers given TK Elevator's roughly one-third North America revenue share.
How many companies and states does this report cover?
10 companies (the same set as the companion Global report) and the 10 largest US state markets plus the four US Census Bureau regions.

Research Methodology

All MarketResearchReports.com strategic research reports follow a rigorous, multi-stage methodology combining AI-assisted data synthesis with expert analyst validation.

01
Secondary Research & Data Aggregation

Systematic collection from 500+ verified sources including SEC filings, industry databases (Bloomberg, Statista, OECD), regulatory filings, trade publications, patent databases, and company annual reports. AI-assisted extraction identifies relevant data points across 10,000+ documents per report.

02
Market Sizing — Bottom-Up & Top-Down

Dual-validation approach: bottom-up sizing aggregates segment-level production, consumption, and trade data; top-down sizing cross-validates against macroeconomic indicators and total addressable market estimates. Discrepancies >5% trigger analyst review.

03
Competitive Intelligence

Company profiles built from public financial disclosures, product launches, M&A activity, job postings (as capability proxies), and supply chain mapping. Market share estimates triangulated across revenue, capacity, and shipment data.

04
Demand Forecasting

CAGR projections use time-series regression on 5-10 years of historical data, adjusted for identified demand drivers (technology adoption curves, regulatory catalysts, demographic shifts) and demand inhibitors (cost barriers, substitution risk). Scenario modeling covers base, optimistic, and conservative cases.

05
Analyst Validation & Quality Assurance

All quantitative outputs reviewed by a domain-specialist analyst before publication. Data triangulation requires minimum 3 independent sources for every key figure. Reports undergo a structured peer review against our 47-point quality checklist covering methodology, data citations, logical consistency, and formatting standards.

06
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