As of 2023, the UK imported lifts and skip hoists amounting to approximately 18 million kilograms. Forecasts suggest a downward trend from 2024 to 2028, with imports decreasing steadily from 17.922 million kilograms to 17.407 million kilograms. Year-on-year, this represents a smaller annual decrease, averaging around 0.72% annually, and a five-year compound annual growth rate (CAGR) that reflects a consistent, albeit gradual, decline in import volumes.
Future trends to watch for include technological advancements in domestic lift manufacturing, potential regulatory changes post-Brexit, and shifts in construction and infrastructure investment that could restrain or rejuvenate demand for imported lifts and skip hoists.
