In December 2025, Global Info Research, a global authoritative industry research institution, officially released the 2025 Global Elevator and Escalator Industry Market Report, announcing the 2025 global top 10 countries by elevator market size. According to the report, the total size of the global elevator and escalator market reached 51.2 billion US dollars in 2025, a year-on-year increase of 2.8%, maintaining a steady growth trend. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 19.86 billion US dollars, accounting for 38.8% of the global total, a year-on-year increase of 3.1%, firmly ranking first in the world; 2. United States, with a market size of 5.83 billion US dollars, accounting for 11.4% of the global total, a year-on-year increase of 2.2%; 3. EU 27 countries, with a market size of 5.27 billion US dollars, accounting for 10.3% of the global total, a year-on-year increase of 1.9%; 4. Japan, with a market size of 3.25 billion US dollars, accounting for 6.3% of the global total, a year-on-year increase of 1.5%; 5. India, with a market size of 2.89 billion US dollars, accounting for 5.6% of the global total, a year-on-year increase of 11.8%, ranking first among the top ten countries in the world in terms of growth rate; 6. South Korea, with a market size of 2.14 billion US dollars, accounting for 4.2% of the global total, a year-on-year increase of 2.6%; 7. Brazil, with a market size of 1.87 billion US dollars, accounting for 3.7% of the global total, a year-on-year increase of 4.5%; 8. Turkey, with a market size of 1.53 billion US dollars, accounting for 3.0% of the global total, a year-on-year increase of 5.7%; 9. Indonesia, with a market size of 1.38 billion US dollars, accounting for 2.7% of the global total, a year-on-year increase of 10.2%, ranking second in the world in terms of growth rate; 10. Russia, with a market size of 1.26 billion US dollars, accounting for 2.5% of the global total, a year-on-year increase of 3.3%. The report also pointed out that the growth rate of emerging markets such as Southeast Asia, South Asia, the Middle East and Africa is significantly higher than the global average, which is the core driving force for the growth of the global elevator market in the future.