The U.S Elevator and Escalator Market to Witness Installation of 43.32 Thousand New Units by 2030- Arizton

According to Arizton’s latest research report, the U.S. elevator and escalator market is growing at a CAGR of 2.65% during 2024-2030. 

Looking for More Information? Click: https://www.arizton.com/market-reports/united-states-elevator-and-escalator-market 

Report Summary          

Market Size- New Installations (2030): 43.32 Thousand Units 

Market Size - New Installations (2024): 37.02 Thousand Units 

CAGR (2024-2030): 2.65% 

Market Size - Installed Base (2030): 1,329.9 Thousand Units 

Market Size - Modernisation (2030): USD 3.23 Billion 

Historic Year: 2021-2023 

Base Year: 2024 

Forecast Year: 2025-2030 

Segmentation by Carriage Type: Passenger and Freight 

Segmentation by Capacity: 2-15 Persons, 16-24 Persons, 25-33 Persons, And 34 Persons and Above 

Segmentation by End-User: Commercial, Residential, Industrial, And Others 

Segmentation by Machine Type: Hydraulic and Pneumatic, Machine Room Traction, Machine Room Less Traction, And Others 

Market Overview 

The U.S. elevator and escalator market is poised for steady growth, with installations expected to reach 43,321 thousand units by 2030, reflecting a CAGR of 2.65%. Increasing urbanization and the expansion of the construction industry significantly contribute to the market's year-over-year growth. The country’s rapid urbanization and infrastructure development remain the primary growth drivers. According to the U.S. Bureau of Labor Statistics, the construction industry is projected to grow by 4.7% from 2023 to 2033. Adding to this positive outlook, the federal government has announced a $62 billion investment for infrastructure development in 2025.  

The U.S. infrastructure landscape is undergoing transformative changes, with several major projects anticipated to launch that year. Complementing these infrastructure efforts, the U.S. government also introduced a strategic initiative to address the housing crisis by developing affordable housing on federal lands, a joint effort led by the Department of Housing and Urban Development (HUD) and the Department of the Interior (DOI). These combined developments are setting the stage for sustained momentum in the elevator and escalator market across the country. 

U.S. Elevator and Escalator Market Set for Growth through AI Integration 

The integration of Artificial Intelligence (AI) within the U.S. elevator and escalator market represents a significant advancement in the modernization of urban infrastructure. AI-driven solutions are enhancing safety, operational efficiency, and user experience across both public and private transportation systems.  

Utilising real-time data from sensors embedded in elevators and escalators, AI enables predictive maintenance to identify and prevent potential malfunctions, thereby reducing downtime and improving equipment reliability. Leading industry players such as KONE and OTIS have already implemented AI-based predictive maintenance solutions globally, including in the U.S. market. This adoption underscores the sector’s transition toward intelligent, data-driven technologies designed to address the evolving demands of contemporary urban environments. The continued integration of AI technologies is expected to create substantial growth opportunities by driving innovation and improving the overall performance and safety of elevator and escalator systems. 

Increasing Investment in Public Infrastructure Development Is Driving Market Demand 

The United States is witnessing a substantial increase in public infrastructure development, underpinned by robust federal funding initiatives. According to recent data, public infrastructure projects grew by 6% during the first eight months of 2024 compared to the same period in 2023. Furthermore, total construction spending in the country surged by over 41% from April 2020 to July 2024, reflecting the scale and pace of ongoing development.  

As of February 2025, total construction spending in the U.S. reached a seasonally adjusted annual rate of $2.195 trillion, encompassing significant investments from both public and private sectors across residential and non-residential segments. This accelerated investment in infrastructure, driven by national modernization efforts and urban development strategies, is significantly boosting the demand for elevators and escalators. These systems play a critical role in enhancing mobility, accessibility, and operational efficiency in newly constructed public spaces and high-density urban environments. 

Recent Vendor Activities 

• In 2024, ATTA Elevators, a leading elevator and escalator service provider based in Ontario, announced its expansion into the U.S. with an office in St. Louis, Missouri. 
• In April 2025, Schindler Elevator Corporation announced the launch of the Schindler 5000, which is a machine-room-less (MRL) elevator designed for low- to mid-rise offices, hotels, hospitals, and apartment complexes. This model is widely available in the U.S. market. 
• In April 2025, OTIS announced the acquisition of eight of the eleven Urban Elevator locations in the US. 

Geographical Overview of Major U.S. Infrastructure Developments in 2025 

California is witnessing significant growth across transportation, housing, infrastructure, and environmental conservation, underscored by the ongoing construction of the California High-Speed Rail segment between Merced and Bakersfield, which aims to connect Los Angeles and San Francisco with high-speed service by 2030–2033. Concurrently, New York is advancing major infrastructure and sustainability initiatives, including the transformation of the South Brooklyn Marine Terminal into a strategic offshore wind port supporting the Empire Wind 1 project, capable of generating 810 MW of renewable energy. Texas is emerging as a critical hub for data center development, highlighted by AI company Crusoe’s $3.5 billion investment to establish six large-scale data centers in Abilene, complemented by a robust increase in residential construction. Meanwhile, Florida is poised for substantial infrastructure expansion with a proposed $14.8 billion investment targeting highways, rural roadways, aerospace, maritime sectors, and education, demonstrating a comprehensive approach to fostering economic development and connectivity across these pivotal regions. 

Looking for More Information? Click: https://www.arizton.com/market-reports/united-states-elevator-and-escalator-market 

Key Vendors 

• Otis 
• KONE 
• TK Elevator 
• Schindler 
• Mitsubishi Electric 
• Hyundai Elevator 
• Fujitec 

Other Prominent Vendors 

• MEI Total Elevator Solutions 
• Delaware Elevator 
• Day Elevator and Lift 
• Liberty Elevator 
• AVT Beckett 
• American Crescent Elevator Manufacturing 
• Access Elevator & Lifts, Inc. (AEL) 
• Godwin Elevator 
• Action Elevator Company 

Elevator Market Segmentation by 

Machine 

• Hydraulic and Pneumatic 
• Machine Room Traction 
• Machine Room Less Traction 
• Others  
• Climbing 
• Elevators 
• Industrial Elevators 

Carriage  

• Passenger 
• Freight  

Capacity 

• 2-15 Persons 
• 16-24 Persons 
• 25-33 Persons 
• 34 Persons and Above  

End-User 

• Commercial 
• Residential 
• Industrial 
• Others  
• Public Transit 
• Institutional 
• Infrastructural 

Escalator Market Segmentation by 

Product  

1. Parallel 
2. Multi Parallel 
3. Walkway 
4. Crisscross 

End-User 

1. Public Transit 
2. Commercial 
3. Others 
4. Institutional Sector 
5. Infrastructure 
6. Industrial 

In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the U.S. elevator and escalator market. Request for Free Sample to get a glance of the report now: https://www.arizton.com/market-reports/united-states-elevator-and-escalator-mark 

Other Related Reports that Might be of Your Business Requirement     

UAE Elevator and Escalator Market - Size & Growth Forecast 2025-2030 

https://www.arizton.com/market-reports/uae-elevator-and-escalator-market 

UK Elevators and Escalators - Market Size & Growth Forecast 2024-2029 

https://www.arizton.com/market-reports/uk-elevator-and-escalator-market 

What Key Findings Will Our Research Analysis Reveal?     

• How big is the U.S. elevator and escalator market? 
• What is the number of installed bases in the U.S. elevator and escalator market in 2024? 
• What are the key U.S. elevator and escalator market players? 
• What are the key opportunities in the U.S. elevator and escalator market? 
• What will be the growth rate of the U.S. elevator and escalator market? 

Why Arizton?                                                

100% Customer Satisfaction                                                

24x7 availability – we are always there when you need us                                                

200+ Fortune 500 Companies trust Arizton's report                                                

80% of our reports are exclusive and first in the industry                                                

100% more data and analysis                                                

1500+ reports published till date                              

Post-Purchase Benefit                                            

• 1hr of free analyst discussion                                            
• 10% off on customization                         

About Us:                                                                                     

Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. 

We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. 

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. 

Contact Us                                                                          

Call:+1-312-235-2040                                                                         

   +1 302 469 0707                                                                        

Mail: enquiry@arizton.com                                                                          

Contact Us: https://www.arizton.com/contact-us                                                                          

Blog: https://www.arizton.com/blog                                                                          

Website: https://www.focusreports.store/