UK Elevator And Escalator Market (2019-2025) | Size, Share, Revenue, Forecast, Analysis, Growth, value, industry & Outlook

Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), and Competitive Landscape.

Product Code: ETC001694 Publication Date: Sep 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Latest Development (2022) in UK Elevator and Escalator Market

UK Elevator and Escalator Market are developing by leveraging IoT, any sort of elevator solution may perform proactive, condition-based analysis, and predictive maintenance. Smart elevators can monitor performance, make real-time maintenance decisions, provide updated status, and advanced reporting, among other things, allowing us to remotely manage and monitor the elevator. Smarter Grid Solutions, a UK-based DER management software vendor has agreed to be acquired by Mitsubishi Electric Power and its US subsidiary Mitsubishi Electric Power Products.

Mergers And Acquisition:

The Otis Elevator company was acquired by United Technologies in 1976, but it was spun off as an independent company 44 years later in April 2020 as Otis Worldwide Corporation.

On 17 Aug 2020, Otis Worldwide Corporation acquired Bay State Elevator.

UK Elevator And Escalator Market Synopsis

UK Elevator and Escalator Market are expected to gain momentum during the forecast period owing to increasing construction activities and the establishment of high-rise buildings. The growing population coupled with increasing demand towards maintaining the level of comfort is adding to the UK Elevator and Escalator Market Share. Moreover, the surging aging population along with the adoption of an unhealthy lifestyle is proliferating the need for UK Elevator and Escalator Market. Increasing innovation of products by the manufacturers coupled with the growing advancement of technology is adding to the UK Elevator Market Share. Increasing disposable income along with surging urbanization and increasing penetration towards modern infrastructure is providing lucrative opportunities for the growth of the market.

UK elevator and escalator market report thoroughly covers the elevator and escalator market by components, verticals, and regions. The UK elevator and escalator market outlook report provides an unbiased and detailed analysis of the ongoing UK elevator and escalator market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.

UK elevator and escalator markets are expected to witness constant growth during the forecast period. The elevator and escalator market has been largely characterized by contracting growth in the construction sector owing to a high degree of political and economic instability due to Brexit. However, as the cities continue to grow vertically as a result of rising population and urbanization the market is expected to stay afloat due to vertical growth and is anticipated to recover during the forecast period.

According to 6Wresearch, UK Elevator and Escalator Market size is projected to grow at a CAGR of 1.8% during 2019-2025F. The UK elevator and escalator market witnessed a period of slowdown and declining demand due to severe political and economic turmoil resulting from Brexit as the macroeconomic outlook and investment sentiment remain shaken in the region. The demand in the industry is expected to further witness a slowing trend in near future. However, due to anticipated recovery in the future on account of upcoming major projects such as Heathrow expansion, and London Crossrail. Furthermore, as the housing demand continues to increase the residential construction sector is expected to witness growth over the coming years.

Elevators and escalators have been of multi-utility use since their evolution. Their increased use in buildings backed by massive construction of office buildings in the country has led to an increase in the deployment of elevators and escalators and as a result, is expected to leave a positive impact on the overall market growth in the coming timeframe. The success of the technological equipment in vertical transportation has made it an ideal utility product in the face of the traditional rack and track methods used in various industrial applications previously and is expected to be a growth contributing factor for the UK elevator and escalator market in the coming years. Additionally, the use of electro-mechanical enabled gearless turbulence provided by the elevators is expected to increase the adoption of the same in the commercial and the residential sector and is expected to proliferate the market growth in the near future and bring in new horizons for the potential industrialists and to be investors of the market to witness a promising future business growth in the coming years.

Market Analysis By Application

By Application, commercial application accounted for the highest revenue share which is closely followed by the residential application. The residential application is likely to take precedence in the coming year due to factors such as increasing population, immigration, and affordability.

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2015 to 2018.
  • Base Year: 2018.
  • Forecast Data until 2025.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • UK Elevator and Escalator Market Overview
  • UK Elevator and Escalator Market Outlook
  • UK Elevator and Escalator Market Forecast
  • UK Elevator and Escalator Market Size and Historical Data of UK Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
  • UK Elevator and Escalator Market Forecast of Revenues & Volume, Until 2025
  • Historical Data & Forecast of UK Elevator and Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
  • Historical Data & Forecast of UK Elevator Market Revenues & Volume for the Period 2015-2025F
  • Historical Data & Forecast of UK Escalator Market Revenues & Volume for the Period 2015-2025F
  • Historical Data & Forecast of UK Elevator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
  • Historical Data & Forecast of UK Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
  • Market Drivers, Restraints, and Trends
  • UK Elevator and Escalator Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • UK Elevator and Escalator Market Opportunity Assessment
  • UK Elevator and Escalator Market Share, By Players
  • UK Elevator and Escalator Market Overview, By Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations 

Markets Covered

The UK elevator and escalator market report provides a detailed analysis of the following market segments:

By Types:

o   Elevator

  • Passenger
  • Cargo
  • Home

o   Escalator

  • Moving Stairs
  • Moving Walks

By Applications:

  • Commercial
  • Residential
  • Industrial

By Services:

  • New Installations
  • Maintenance
  • Modernization

Frequently Asked Questions About the Market Study: FAQs

1). Which segment based on application accounted for the highest revenue share?

By Application, commercial applications accounted for the highest revenue share.

2). Which factor is declining the demand for elevators and escalators?

UK elevator and escalator market witnessed a period of slowdown and declining demand due to severe political and economic turmoil resulting from Brexit as the macroeconomic outlook and investment sentiment remain shaken in the region.

3). How much growth is expected in UK Elevator & Escalator Market?

UK Elevator and Escalator Market size is projected to grow at a CAGR of 1.8% during 2019-2025.

4). Which factor is providing the lucrative opportunity for the growth of the UK Elevator & Escalator Market?

Increasing disposable income along with surging urbanization and increasing penetration towards modern infrastructure is providing lucrative opportunities for the growth of the market.

1 Executive Summary
2 Introduction
2.1 Report Description
2.2 Key Highlights
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 UK Elevator and Escalator Market Overview
3.1 UK Country Indicators
3.2 UK Elevator & Escalator Market Revenues, 2015-2025F
3.3 UK Elevator & Escalator Market - Industry Life Cycle
3.4 UK Elevator & Escalator Market - Porter’s Five Forces
4 UK Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F
4.1 UK Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F
4.2 UK Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F
4.3 UK Elevator & Escalator Market Dynamics
5 Impact Analysis
6 Market Drivers
6.1 Market Restraints
6.2 UK Elevator & Escalator Market Trends
6.3 UK Elevator Market Overview
6.4 UK New Installation Elevator Market Revenues & Volume, 2015-2025F
6.4.1 UK New Installation Elevator Market Revenue & Volume Share, By Elevator Types, 2018 & 2025F
6.4.2 UK New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F
6.4.2.1 UK Elevator Services Market Revenues, 2015-2025F
6.4.2.2 UK Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F
6.4.3 UK Elevator Services Market Revenues, By Service Types, 2015-2025F
6.4.3.1 UK Elevator Market Overview, By Applications, 2015-2025F
6.4.3.2 UK Elevator Market Revenue Share, By Applications, 2018 & 2025F
6.5 UK Elevator Market Revenues, By Applications, 2015-2025F
6.5.1 UK Escalator Market Overview
6.5.2 UK New Installation Escalator Market Revenues & Volume, 2015-2025F
6.5.2.1 UK New Installation Escalator Market Revenue & Volume Share, By Escalator Types, 2018 & 2025F
6.5.2.2 UK New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F
6.5.3 UK Escalator Services Market Revenues, 2015-2025F
6.5.3.1 UK Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F
6.5.3.2 UK Escalator Services Market Revenues, By Service Types, 2015-2025F
6.6 UK Escalator Market Overview, By Applications, 2015-2025F
6.6.1 UK Escalator Market Revenue Share, By Applications, 2018 & 2025F
6.6.2 UK Escalator Market Revenues, By Applications, 2015-2025F
6.6.2.1 UK Elevator & Escalator Market Overview, By Applications
6.6.2.2 UK Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F
6.6.3 UK Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F
6.6.3.1 UK Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F
6.6.3.2 UK Elevator & Escalator Market Key Performance Indicators
6.7 UK Elevator & Escalator Market Opportunity Assessment
6.8 UK Elevator & Escalator Market Opportunity Assessment, By Types, 2025F
6.8.1 UK Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F
6.9 UK Elevator & Escalator Market Competitive Landscape
6.9.1 UK Elevator & Escalator Market Competitive Benchmarking, By Product Types
6.9.2 UK Elevator & Escalator Market Revenue Share, By Company, 2018
7 Company Profiles
8 Key Strategic Recommendations
9 Disclaimer
LIST OF FIGURES
Figure 1. UK Elevator & Escalator Market Revenues, 2015-2025F ($ Million)
Figure 2. UK Elevator & Escalator Market - Industry Life Cycle
Figure 3. UK Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F
Figure 4. UK Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F
Figure 5. UK Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F 
Figure 6. UK New Installation Elevator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units)
Figure 7. UK New Installation Elevator Market Revenue Share, By Elevator Types, 2018 & 2025F
Figure 8. UK New Installation Elevator Market Volume Share, By Elevator Types, 2018 & 2025F
Figure 9. UK Elevator Services Market Revenues, 2015-2025F ($ Million) 
Figure 10. UK Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F
Figure 11. UK Elevator Market Revenue Share, By Applications, 2018 & 2025F
Figure 12. UK New Installation Escalator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units)
Figure 13. UK New Installation Escalator Market Revenue Share, By Escalator Types, 2018 & 2025F
Figure 14. UK New Installation Escalator Market Volume Share, By Escalator Types, 2018 & 2025F
Figure 15. UK Escalator Services Market Revenues, 2015-2025F ($ Million)
Figure 16. UK Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F  
Figure 17. UK Escalator Market Revenue Share, By Applications, 2018 & 2025F 
Figure 18. UK Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F ($ Million)
Figure 19. UK Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F ($ Million)
Figure 20. UK Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F  ($ Million)
Figure 21. UK Elevator & Escalator Market Opportunity Assessment, By Types, 2025F
Figure 22. UK Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F
LIST OF TABLES
Table 1. UK New Installation Elevator Market Revenues, By Elevator Types ($ Million)
Table 2. UK New Installation Elevator Market Volume, By Elevator Types (Thousand Units)
Table 3. UK Elevator Services Market Revenues, By Service Types ($ Million)
Table 4. UK Elevator Market Revenues, By Applications, 2015-2025F, ($ Million)
Table 5. UK New Installation Escalator Market Revenues, By Escalator Types ($ Million)
Table 6. UK New Installation Escalator Market Volume, By Escalator Types (Thousand Units)
Table 7. UK Escalator Services Market Revenues, By Service Types ($ Million)
Table 8. UK Escalator Market Revenues, By Applications, 2015-2025F, ($ Million)

Spain Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance) and Competitive Landscape.

South Africa Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance) and Competitive Landscape.

Mexico Elevator And Escalator Market (2020-2026): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance) and Competitive Landscape.

Azerbaijan Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), By Regions (Eastern Region & Western Region) and Competitive Landscape.

Georgia Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), By Regions (Eastern Region & Western Region) and Competitive Landscape.

Indonesia Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), By Regions (Sumatra, Kalimantan, Sulawesi & Papua) and Competitive Landscape.

Thailand Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), By Regions (Northern Region, North Eastern Region, Central Region, Bangkok, Vicinity and Southern Region) and Competitive Landscape.

Canada Elevator And Escalator Market (2019-2025): Market Report By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks)), By Applications (Commercial, Residential, Industrial), By Services (Maintenance, Modernization) And Competitive Landscape.

US Elevator And Escalator Market (2019-2025): Market Report By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks)), By Applications (Commercial, Residential, Industrial), By Services (Maintenance, Modernization) And Competitive Landscape.

Global Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

China Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

Eastern Europe Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

France Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

Kenya Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), By Regions (Northern Region, East Coast, Central Region, Eastern Region, and Southern Region) and Competitive Landscape.

Japan Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance) and Competitive Landscape.

Italy Elevator and Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance) and Competitive Landscape.

 
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