As of 2023, the sold production of pneumatic and other continuous action elevators and conveyors in the UK stood at 28.56 thousand items. Forecasts show a steady annual growth, reaching 28.80 thousand items by 2028.
Year-on-year variations reflect stable growth:
- 2024: 0.11% increase from 2023
- 2025: 0.17% increase from 2024
- 2026: 0.21% increase from 2025
- 2027: 0.17% increase from 2026
- 2028: 0.17% increase from 2027
This translates to a compound annual growth rate (CAGR) of approximately 0.17% from 2024 to 2028.
Future trends to watch for include advancements in automation and smart manufacturing, which could drive demand in the industry. Additionally, supply chain innovations and sustainability efforts may influence production practices and market dynamics.
