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Elevators and Escalators Market in the UK 2015-2019

About elevators and escalators

Elevators and escalators are positioned in buildings for efficient movement of people and goods within a building's premises. They are installed in residential buildings and commercial buildings such as IT parks, hotels, restaurants, and retail outlets. They are also installed in public places to improve vehicle parking management.

Technavio's analysts forecast the elevator and escalator market in the UK to grow at a CAGR of 6.08% in terms of new installed units during 2014-2019.

Covered in this report

In this report, Technavio includes the present scenario and growth prospects of the elevator and escalator market in the UK for 2015-2019. To calculate the market size, we consider the number of new elevator and escalator units installed in the country during the forecast period. The report also presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description on the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the elevator and escalator market in the UK, outlines the challenges faced by the vendors and the market at large, and highlights the key trends in the market.

Key customer segments

  • Commercial customers
  • Non-commercial customers
Key vendors
  • Fujitec UK
  • KONE GB
  • Otis UK and Ireland
  • Schindler UK
  • ThyssenKrupp Elevator UK
Other prominent vendors
  • Mitsubishi Electric Europe
  • Stannah Lifts
  • Titan Elevators
  • UKLE
Market driver
  • Boom in high-rise construction
  • For a full, detailed list, view our report
Market challenge
  • Elevator and escalator accidents
  • For a full, detailed list, view our report
Market trend
  • Adoption of green elevators and escalators
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Elevators and Escalators Market in the UK 2015-2019

Technavio recognizes the following companies as the key players in the Elevators and Escalators Market in the UK: Fujitec UK, KONE GB, Otis UK and Ireland, Schindler UK and ThyssenKrupp Elevator UK

Other Prominent Vendors in the market are: Mitsubishi Electric Europe, Stannah Lifts, Titan Elevators and UKLE

Commenting on the report, an analyst from Technavio’s team said: “With the government of UK focusing extensively on providing accessibility and mobility to the aged and disabled population of the country, the elevator and escalator market is witnessing emergence of incline elevators in the country. Incline elevators are traction elevators that run on a non-perpendicular angle unlike standard elevators. These elevators can be used in place of escalators or in-line with a staircase so as to provide step-free access to specific floors. They are also called incline platform lifts or hillside trams.”

According to the report, a boom in the construction of high-rise buildings in the UK has led to the growth of the elevators and escalator market in the country. A major chunk of the high-rise developments are confined to London and its neighboring areas. As of 2014, around 270 buildings (each of 20 stories or more) are scheduled for construction. Out of these projects, 70 are currently under construction and 200 are in the planning phase. As much as 80% of these high-rise developments are residential buildings. The land price in the UK is growing at annually. This has led to an increased pressure on construction companies and developers to use their sites optimally.

Further, the report states that mitigation of risks associated with accidents is one of the major challenges for OEMs in the elevator and escalator market in the UK.

Companies Mentioned

Fujitec UK, KONE GB, Otis UK and Ireland, Schindler UK, ThyssenKrupp Elevator UK, Mitsubishi Electric Europe, Stannah Lifts, Titan Elevators, UKLE

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Country overview
    • Table UK: Economic snapshot
  • Industry overview
    • Elevator and escalator overview
      • Table Classification of elevators
      • Table Classification of escalators
    • Life cycle of elevators and escalators
      • Table Life cycle of elevators and escalators
    • Supply chain of elevators and escalators in UK
      • Table Elevator and escalator market in UK: Supply chain
    • Key investment opportunities in the elevator and escalator market in UK
  • Market landscape
    • Market overview
      • Table Elevator and escalator market in UK: Installed base 2014
    • Market size and forecast
      • Table Elevator and escalator market in UK 2014-2019 (units)
      • Table Elevator and escalator market in UK 2014-2019 by revenue ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Elevator and escalator market in UK: Segmentation by product 2014
      • Table Growth rate comparison for elevators and escalators 2014-2019
    • Elevator market in UK
      • Table Elevator market in UK 2014-2019 by new units (units)
      • Table Elevator market in UK 2014-2019 by revenue ($ millions)
      • Table Elevator and escalator market in UK modernization revenue 2014-2019 ($ millions)
    • Escalator market in UK
      • Table Escalator market in UK 2014-2019 (units)
      • Table Escalator market in UK revenue 2014-2019 ($ millions)
  • Market drivers
    • Table Average age of population in UK by country 2010-2015 (years)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Comparison of electrical and hydraulic elevators 2011-2014 (units)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Fujitec UK
    • KONE
    • Otis UK and Ireland
    • Schindler UK
    • ThyssenKrupp Elevator UK
  • Appendix
    • List of abbreviations
  • Explore Technavio

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