Canada Elevator And Escalator Market (2025-2031) | Outlook, Size, Growth, Revenue, Forecast, Analysis, Trends & industry
Market Forecast By Types (Elevator, Escalator, Moving Walkways), By Services (Maintenance & Repair, New Installation, Modernization), By End-User (Residential, Commercial, Public), And by Competitive Landscape
| Product Code: ETC150143 | Publication Date: Jul 2024 | Updated Date: Sep 2025 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Canada Elevator and Escalator Market Size & Growth Rate
According to 6Wresearch internal database and industry insights, The Canada Elevator and Escalator Market is projected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period (2025-2031).
Canada Elevator and Escalator Market Highlights
| Report Name | Canada Elevator and Escalator Market |
| Forecast period | 2025-2031 |
| CAGR | 5.2% |
| Growing Sector | Commercial & Residential High-Rise Construction |
Topics Covered in the Canada Elevator and Escalator Market Report
The Canada Elevator and Escalator Market report thoroughly covers the market by types, services, and end-users. 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.
Canada Elevator and Escalator Market Synopsis
Canada Elevator and Escalator Market is expected to attain major growth due to the rising demand for vertical transportation in urban centers, coupled with modernization of aging infrastructure and accessibility mandates, has spurred the deployment of elevators and escalators across Canada. These systems, which facilitate efficient mobility for people and goods, are increasingly utilized in high-rise residential towers, shopping malls, airports, hospitals, and public transit hubs.
Evaluation of Growth Drivers in the Canada Elevator and Escalator Market
Below mentioned are some prominent drivers and their influence to the market dynamics:
| Drivers | Primary Segments Affected | Why it matters (evidence) |
| Rapid Urbanization & High-Rise Projects | Elevators (Passenger & Freight); Residential, Commercial | Growth of skyscrapers upsurges demand for elevators to ensure reliable vertical mobility. |
| Airport & Metro Expansion | Escalators & Moving Walkways; Public Infrastructure | Significant expansions of Airports and metro projects increase demand for escalators and walkways. |
| Aging Infrastructure Modernization | Modernization Services; Residential, Commercial | Thousands of mid-20th century buildings require modernization to meet current safety standards, proliferating upgrades of existing systems. |
| Accessibility Regulations | Elevators; Public & Healthcare | The Accessible Canada Act and provincial elevating device codes mandate barrier-free access, stimulating demand for elevators in public facilities and healthcare institutions. |
| Sustainability Goals | All Types; Industrial & Public Infrastructure | Prevalent adoption of energy-efficient elevators and escalators with reformative braking supports Canada’s green building policies. |
The Canada Elevator and Escalator Market size is projected to grow at the CAGR of 5.2% during the forecast period of 2025-2031. The elevator and escalator market in Canada is driven by a variety of factors, including the rising demand for uninterrupted mobility in urban high-rise structures, modernization of aging infrastructure, and government accessibility regulations. The commercial sector is increasingly reliant on vertical transportation systems to ensure safe, reliable movement across malls, offices, airports, and transit hubs.
Evaluation of Restraints in the Canada Elevator and Escalator Market
Below mentioned are some major restraints and their influence to the market dynamics:
| Restraints | Primary Segments Affected | What this means (evidence) |
| High Installation Costs | New Installations; Residential & Commercial | The large upfront investment in elevators and escalators limits adoption in small to mid-size projects. |
| Skilled Labor Shortage | Maintenance & Repair | Shortage of trained technicians, especially in remote provinces, impacts regular servicing and safety compliance. |
| Regulatory Complexity | Modernization & New Installations | Stringent provincial codes and lengthy approval procedures interrupt execution of new projects. |
| Dependence on Imports | All Types | There has been increasing reliance on imported components which increases procurement costs and supply chain vulnerabilities. |
| Rising Maintenance Expenses | Residential & Commercial | Continuous operational and service costs strain property managers, particularly in mid-scale residential complexes. |
Canada Elevator and Escalator Market Challenges
Even as demand increases, the Elevator and Escalator Market in Canada does face challenges. One of the challenges includes the higher costs related to the installation and modernization of systems. These high costs also apply to spare parts and imported equipment, presenting barriers for the industry. In addition, maintenance becomes a challenge in rural settings, due to the lack of qualified technicians, as well as the associated safety risks. In addition, competition from advanced, automated walkway systems and licensing of compliance operations in the provinces.
Canada Elevator and Escalator Market Trends
Several key trends driving the Canada Elevator and Escalator Market Growth are:
- Smart Elevators with IoT Application: Predictive, maintenance, AI control of traffic, as well as remote monitoring, are increasing the efficiency and decreasing downtime of the systems.
- Green Building Inclusion: The increased use of elevators and escalators with regenerative drives is decreasing energy use and tying into Canada's green building policies.
- Touchless & Voice-Activated Systems: Replacing traditional contact panels with touchless panels, as well as AI-driven management, improves hygiene and convenience in busy situations.
- Compact & Modular Designs: Increased demand for modular designs, such as elevators and escalators, to meet the needs of suburban mid-rise apartments and metro housing.
- Digital Twin Technology: Increased use of simulation and digital twins in design and modernization to alleviate costs and improve efficiency.
Investment Opportunities in the Canada Elevator and Escalator Industry
Some prominent investment opportunities in the market include:
- Modernization Agreements in Aging Structures - The cities of Canada are encountering largescale refurbishment of aging buildings and systems. This offers a relatively long-term revenue generating potential.
- High-Rise Residential Towers - The expansion of urban housing projects and high-rise system of elevators and compact lifts are experiencing a better-than-expected increase.
- Expansion of Public Infrastructure - Currently, there are new airport and metro demand for escalator and moving walking suppliers.
- Energy Efficient & Smart Systems- Delivering no hybrid elevator, low energy, and IoT enabled elevators can pull the biggest opportunities.
Top 5 Leading Players in the Canada Elevator and Escalator Market
Some of the leading companies dominating the Canada Elevator and Escalator Market Share includes:
1. KONE Corporation
| Company Name | KONE Corporation |
| Establishment Year | 1910 |
| Headquarter | Espoo, Finland |
| Official Website | Click here |
KONE is a global leader in elevators and escalators, offering solutions across new installations, modernization, and maintenance services with a strong presence in Canada.
2. Otis Elevator Company
| Company Name | Otis Elevator Company |
| Establishment Year | 1853 |
| Headquarter | Connecticut, USA |
| Official Website | Click here |
Otis is a pioneer in the vertical transportation industry, providing passenger elevators, escalators, and moving walkways widely across Canadian urban markets.
3. Schindler Group
| Company Name | Schindler Group |
| Establishment Year | 1874 |
| Headquarter | Hergisvil, Switzerland |
| Official Website | Click here |
Schindler is renowned for energy-efficient elevators and escalators, catering to Canadian commercial and residential markets.
4. Thyssenkrupp Elevator (TK Elevator)
| Company Name | TK Elevator (formerly Thyssenkrupp Elevator) |
| Establishment Year | 1891 |
| Headquarter | Düsseldorf, Germany |
| Official Website | Click here |
TK Elevator offers advanced elevator and escalator solutions, including modernization services for Canada’s growing high-rise infrastructure.
5. Mitsubishi Electric Corporation
| Company Name | Mitsubishi Electric Corporation |
| Establishment Year | 1921 |
| Headquarter | Tokyo, Japan |
| Official Website | Click here |
Mitsubishi Electric provides advanced elevator and escalator systems with a focus on high-speed lifts for commercial and public infrastructure in Canada.
Government Regulations Introduced in the Canada Elevator and Escalator Market
According to Canadian government data, Multiple changes have been established with a focus on improving accessibility and energy efficiency. Barrier-free access is mandated in the Accessible Canada Act (2019) in public and private buildings, which helps drive demand for elevators. Ontario's Elevating Devices Act has strict safety standards for the installation and maintenance of elevators. Additionally, Canada's Green Building Strategy encourages the implementation of energy-efficient elevators and escalators through tax incentives and the use of LEED certification processes.
Future Insights of the Canada Elevator and Escalator Market
The Canada Elevator and Escalator Market is expected to increase in the next couple of years. This is expected as the result of more high-rise multi- unit residential buildings and commercial development projects, modernization of aging buildings, and toward accessibility requirements mandated by provincial and federal governments. Moreover, the development of technology will contribute to the industry's growth with IoT-enabled systems for elevators, touchless controls, and energy-efficient elevator designs.
Market Segmentation Analysis
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Elevators to Dominate the Market – By Types
According to Ravi Bhandari, Research Head, 6Wresearch, the Elevator segment holds the largest market share in the Canada Elevator and Escalator Market. This dominance is due to the growing construction of high-rise towers and residential apartments in Toronto and Vancouver. Elevators are indispensable for ensuring mobility in skyscrapers, healthcare facilities, and commercial complexes.
Maintenance & Repair to Dominate the Market – By Services
The Maintenance & Repair segment dominates the Canada Elevator and Escalator Market Share, primarily due to the aging infrastructure that requires regular upkeep. A large installed base of older elevators and escalators across cities ensures steady demand for maintenance services.
Commercial to Dominate the Market – By End-User
The Commercial segment dominates the Canada Elevator and Escalator Market, driven by demand from shopping malls, airports, metro stations, and office towers. The growing development of mixed-use hubs further contributes to this segment’s leading position.
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:
- Canada Elevator and Escalator Market Outlook
- Market Size of Canada Elevator and Escalator Market, 2024
- Forecast of Canada Elevator and Escalator Market, 2031
- Historical Data and Forecast of Canada Elevator and Escalator Revenues & Volume for the Period 2021-2031
- Canada Elevator and Escalator Market Trend Evolution
- Canada Elevator and Escalator Market Drivers and Challenges
- Canada Elevator and Escalator Price Trends
- Canada Elevator and Escalator Porter's Five Forces
- Canada Elevator and Escalator Industry Life Cycle
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Types for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Services for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By End-User for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Residential for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2021-2031
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Public for the Period 2021-2031
- Canada Elevator and Escalator Import Export Trade Statistics
- Market Opportunity Assessment By Types
- Market Opportunity Assessment By Services
- Market Opportunity Assessment By End-User
- Canada Elevator and Escalator Top Companies Market Share
- Canada Elevator and Escalator Competitive Benchmarking By Technical and Operational Parameters
- Canada Elevator and Escalator Company Profiles
- Canada Elevator and Escalator Key Strategic Recommendations
Market Covered
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
Canada Elevator And Escalator Market (2025-2031): FAQs
The Canada Elevator and Escalator Market is projected to grow at a CAGR of approximately 5.2% during the forecast period.
The Maintenance & Repair segment dominates the market, driven by the requirement to service and upgrade aging infrastructure.
The Commercial segment dominates the market, supported by strong demand from malls, airports, metro stations, and office complexes.
Opportunities include modernization of old systems, supplying escalators for public infrastructure projects, and offering energy-efficient, smart elevator solutions.
6Wresearch actively monitors the Canada Elevator And Escalator Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Canada Elevator And Escalator Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Canada Elevator and Escalator Market Overview |
| 3.1 Canada Country Macro Economic Indicators |
| 3.2 Canada Elevator and Escalator Market Revenues & Volume, 2021 & 2031F |
| 3.3 Canada Elevator and Escalator Market - Industry Life Cycle |
| 3.4 Canada Elevator and Escalator Market - Porter's Five Forces |
| 3.5 Canada Elevator and Escalator Market Revenues & Volume Share, By Types, 2021 & 2031F |
| 3.6 Canada Elevator and Escalator Market Revenues & Volume Share, By Services, 2021 & 2031F |
| 3.7 Canada Elevator and Escalator Market Revenues & Volume Share, By End-User, 2021 & 2031F |
| 4 Canada Elevator and Escalator Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Growing urbanization in Canada leading to increased construction of high-rise buildings |
| 4.2.2 Stringent government regulations promoting the installation of energy-efficient elevators and escalators |
| 4.2.3 Technological advancements in elevator and escalator systems enhancing safety and efficiency |
| 4.3 Market Restraints |
| 4.3.1 High initial installation and maintenance costs of elevators and escalators |
| 4.3.2 Economic fluctuations impacting construction activity and investment in infrastructure projects |
| 5 Canada Elevator and Escalator Market Trends |
| 6 Canada Elevator and Escalator Market, By Types |
| 6.1 Canada Elevator and Escalator Market, By Types |
| 6.1.1 Overview and Analysis |
| 6.1.2 Canada Elevator and Escalator Market Revenues & Volume, By Types, 2021-2031F |
| 6.1.3 Canada Elevator and Escalator Market Revenues & Volume, By Elevator, 2021-2031F |
| 6.1.4 Canada Elevator and Escalator Market Revenues & Volume, By Escalator, 2021-2031F |
| 6.1.5 Canada Elevator and Escalator Market Revenues & Volume, By Moving Walkways, 2021-2031F |
| 6.2 Canada Elevator and Escalator Market, By Services |
| 6.2.1 Overview and Analysis |
| 6.2.2 Canada Elevator and Escalator Market Revenues & Volume, By Maintenance & Repair, 2021-2031F |
| 6.2.3 Canada Elevator and Escalator Market Revenues & Volume, By New Installation, 2021-2031F |
| 6.2.4 Canada Elevator and Escalator Market Revenues & Volume, By Modernization, 2021-2031F |
| 6.3 Canada Elevator and Escalator Market, By End-User |
| 6.3.1 Overview and Analysis |
| 6.3.2 Canada Elevator and Escalator Market Revenues & Volume, By Residential, 2021-2031F |
| 6.3.3 Canada Elevator and Escalator Market Revenues & Volume, By Commercial, 2021-2031F |
| 6.3.4 Canada Elevator and Escalator Market Revenues & Volume, By Public, 2021-2031F |
| 7 Canada Elevator and Escalator Market Import-Export Trade Statistics |
| 7.1 Canada Elevator and Escalator Market Export to Major Countries |
| 7.2 Canada Elevator and Escalator Market Imports from Major Countries |
| 8 Canada Elevator and Escalator Market Key Performance Indicators |
| 8.1 Average waiting time for elevators/escalators in high-traffic buildings |
| 8.2 Number of new construction projects in Canada utilizing elevators and escalators |
| 8.3 Adoption rate of energy-efficient elevator and escalator systems |
| 9 Canada Elevator and Escalator Market - Opportunity Assessment |
| 9.1 Canada Elevator and Escalator Market Opportunity Assessment, By Types, 2021 & 2031F |
| 9.2 Canada Elevator and Escalator Market Opportunity Assessment, By Services, 2021 & 2031F |
| 9.3 Canada Elevator and Escalator Market Opportunity Assessment, By End-User, 2021 & 2031F |
| 10 Canada Elevator and Escalator Market - Competitive Landscape |
| 10.1 Canada Elevator and Escalator Market Revenue Share, By Companies, 2024 |
| 10.2 Canada Elevator and Escalator Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
Market Forecast By Types (Elevator, Escalator, Moving Walkways), By Services (Maintenance & Repair, New Installation, Modernization), By End-User (Residential, Commercial, Public), And by Competitive Landscape
| Product Code: ETC150143 | Publication Date: Nov 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Canada Elevator And Escalator Market are projected to grow over the coming years. Canada Elevator And Escalator Market report is a part of our periodical regional publication North America Elevator And Escalator Market outlook report. 6W tracks the elevator and escalator market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Elevator And Escalator Market outlook report annually.
Canada Elevator and Escalator Market report comprehensively covers the market by Types, Services, and End Users. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Latest Developments (2022) of Canada Elevator and Escalator Market
According to Tourism Toronto, international visitor numbers to Toronto reached a record high of 5 million in 2015, an increase of 8% over 2014. This trend is expected to continue in the coming years, fuelling demand for elevators and escalators from hotels and other tourist destinations. The Canadian elevator and escalator market is also being driven by government initiatives to improve infrastructure. The Government of Canada has earmarked CAD 33 billion (USD 25 billion) for infrastructure spending over the next ten years, which is expected to create opportunities for elevator and escalator manufacturers.
Canada Elevator and Escalator Market Synopsis
Canada elevator and escalator market are anticipated to project substantial growth during the forthcoming years on account of rising modernization. The strengthening of the infrastructure sector along with an increasing number of shopping malls, multicomplexes, and offices are driving the Canada Elevator and escalator market growth. Additionally, the increasing population and the need to carry heavy appliances in grocery stores beholds the development of the market. The Canada elevator and escalator market are also driven by the rising industrial, residential, and commercial sectors.
According to 6Wresearch, the Canada Elevator And Escalator Market size is expected to record growth during 2020-2026. The increase in the number of high-rise buildings along with rising disposable income led to an improvement in the standard of living which is further adding to the Canada elevator and escalator market share. The outburst of coronavirus has negatively impacted the growth of the market leading to disruption in the construction sector. The worldwide restriction led to a pause in infrastructure development which further led to a decline in Canada Elevator and escalator market share.
Market Analysis by Type
On the basis of type, the elevator segment accounted for the largest share and is expected to dominate the market during the upcoming years owing to the growing residential sector and upsurge in the aging population.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2019.
- Base Year: 2019
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Canada Elevator and Escalator Market Outlook
- Market Size of Canada Elevator and Escalator Market, 2019
- Forecast of Canada Elevator and Escalator Market, 2026
- Historical Data and Forecast of Canada Elevator and Escalator Revenues & Volume for the Period 2016 - 2026
- Canada Elevator and Escalator Market Trend Evolution
- Canada Elevator and Escalator Market Drivers and Challenges
- Canada Elevator and Escalator Price Trends
- Canada Elevator and Escalator Porter's Five Forces
- Canada Elevator and Escalator Industry Life Cycle
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Types for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Elevator for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Escalator for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Moving Walkways for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Services for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Maintenance & Repair for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By New Installation for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Modernization for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By End-User for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Residential for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Commercial for the Period 2016 - 2026
- Historical Data and Forecast of Canada Elevator and Escalator Market Revenues & Volume By Public for the Period 2016 - 2026
- Canada Elevator and Escalator Import Export Trade Statistics
- Market Opportunity Assessment By Types
- Market Opportunity Assessment By Services
- Market Opportunity Assessment By End-User
- Canada Elevator and Escalator Top Companies Market Share
- Canada Elevator and Escalator Competitive Benchmarking By Technical and Operational Parameters
- Canada Elevator and Escalator Company Profiles
- Canada Elevator and Escalator Key Strategic Recommendations
Market 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
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