The UK's Lifts, Skip Hoists, Escalators, and Moving Walkways market has experienced fluctuations over the last decade, with the market size standing at 249.34 million euros in 2023. Past years showed notable decreases in 2015 and 2016, but saw recovery from 2017 to 2018. The pandemic impacted growth in 2020 with a 14.95% drop, but the market rebounded in 2021. Between 2022 and 2023, growth was steady, although not as robust, showing a year-on-year increase of 1.71%. The 5-year CAGR holds at 0.74%, reflecting moderate long-term growth.
Future trends to watch include:
- Increased demand for modernization and smart building integration.
- Rising need for energy-efficient mobility solutions.
- The impact of urbanization on market expansion.
- Potential disruptions from geopolitical situations or regulatory changes.
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 474,760,000 | 2023 | +0.89% | +1.31% | View data |
| 2 | 2 France | 435,520,000 | 2023 | +1.5% | +2.27% | View data |
| 3 | 3 United Kingdom | 249,340,000 | 2023 | +1.71% | +0.74% | |
| 4 | 4 Finland | 231,920,000 | 2023 | +2.11% | +5.9% | View data |
| 5 | 5 Czech Republic | 174,920,000 | 2023 | +3.62% | +0.38% | View data |
