Home Nucleus Semiconductors U.K. Elevator Market to 2032

U.K. Elevator Market to 2032

Overview

The U.K. Elevator Market is expected to reach a 3.28 USD Billion by 2032 and is projected to grow at a CAGR of 7.50% from 2025 to 2032.

Revenue, 2024 (USD Billion)
1.85
Forecast, 2032 (USD Billion)
3.28
CAGR, 2024 - 2032
7.50%
Report Coverage
U.K.

U.K. Elevator Market 2018-2032 USD Billion

U.K. Elevator Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 1.85 USD Billion
  • Projected Market Size (2032): 3.28 USD Billion
  • CAGR (2025-2032): 7.50%

Key Findings of U.K. Elevator Market

  • The U.K. Elevator Market was valued at 3.28 USD Billion in 2024.
  • The U.K. Elevator Market is likely to grow at a CAGR of 7.50% during the forecast period of 2024 to 2032.
  • In 2024, the Largest segment Single Deck in Deck Segment accounted for the largest share of the market with a revenue of 1.35 USD Billion
  • The fastest growing segment 630kg (or less) in Capacity Segment grew Fastest with a CAGR of 8.76% during the forecast period from 2024 to 2032.

U.K. Elevator Market Scope

U.K. Elevator Market Segmentation & Scope
End Use
  • Industrial
  • Residential
  • Commercial
Capacity
  • Over 2500kg
  • 2000–2500kg
  • 1600–2000kg
  • 1050–1600kg
  • 630–1050kg
  • 630kg (or less)
Elevation
  • High Rise Elevators
  • Mid Rise Elevators
  • Low Rise Elevators
Destination Control
  • Smart
  • Conventional
Door Type
  • Others
  • Swinging Door
  • Manual Door
  • Sliding Door
  • Automatic Door
Mechanism
  • D.C. Elevators
  • A.C. Elevators
  • Others
  • Hydraulic Elevators
  • Traction / Cable Driven Elevators
  • Machine Room Reduced (MRL) Elevators
Speed
  • 5.0 mps (or more)
  • 3.5 - 4.0 mps
  • 2.5 - 3.0 mps
  • 1.5 - 2.0 mps
  • 1.0 mps (or less)
Component
  • Services
  • Hardware
Deck
  • Double Deck
  • Single Deck
Type
  • Others
  • Home Elevators
  • Service Elevator
  • Freight/ Cargo Elevator
  • Passenger Elevator

U.K. Elevator Market Data Coverage Insights

Study Period 2024-2032
Base Year 2024
Unit Revenue in USD Billion
Market Value in 2024 1.85 USD Billion
Market Value in 2032 3.28 USD Billion
CAGR (2025-2032) 7.50%
Historic Data 2016-2023
Market Segments Covered End Use,Capacity,Elevation,Destination Control,Door Type,Mechanism,Speed,Component ,Deck ,Type

Regional Insights:

  • Leading Market (2024-2032): U.K., leading in terms of revenue 1.85 USD Billion in 2024
    • Key Country: U.K., leading in terms of revenue with value of 1,853.20 USD Million in 2024.

Segments and Scope

  • U.K. Elevator Market to 2032, By End Use
    • Commercial is the largest segment in U.K. Elevator Market to 2032 with a revenue of 966.18 USD Billion in the year 2024.
    • Commercial is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 7.71 % in forecast period 2025-2032.
  • U.K. Elevator Market to 2032, By Capacity
    • 630kg (or less) is the largest segment in U.K. Elevator Market to 2032 with a revenue of 621.49 USD Billion in the year 2024.
    • 630kg (or less) is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 8.76 % in forecast period 2025-2032.
  • U.K. Elevator Market to 2032, By Elevation
    • Low Rise Elevators is the largest segment in U.K. Elevator Market to 2032 with a revenue of 936.58 USD Billion in the year 2024.
    • Low Rise Elevators is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 7.75 % in forecast period 2025-2032.
  • U.K. Elevator Market to 2032, By Destination Control
    • Conventional is the largest segment in U.K. Elevator Market to 2032 with a revenue of 1.07 USD Billion in the year 2024.
    • Conventional is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 7.61 % in forecast period 2025-2032.
  • U.K. Elevator Market to 2032, By Door Type
    • Automatic Door is the largest segment in U.K. Elevator Market to 2032 with a revenue of 806.52 USD Billion in the year 2024.
    • Automatic Door is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 8.18 % in forecast period 2025-2032.
  • U.K. Elevator Market to 2032, By Mechanism
    • Machine Room Reduced (MRL) Elevators is the largest segment in U.K. Elevator Market to 2032 with a revenue of 715.97 USD Billion in the year 2024.
    • Machine Room Reduced (MRL) Elevators is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 8.28 % in forecast period 2025-2032.
  • U.K. Elevator Market to 2032, By Speed
    • 1.0 mps (or less) is the largest segment in U.K. Elevator Market to 2032 with a revenue of 877.20 USD Billion in the year 2024.
    • 1.0 mps (or less) is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 7.91 % in forecast period 2025-2032.
  • U.K. Elevator Market to 2032, By Component
    • Hardware is the largest segment in U.K. Elevator Market to 2032 with a revenue of 1.23 USD Billion in the year 2024.
    • Hardware is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 7.83 % in forecast period 2025-2032.
  • U.K. Elevator Market to 2032, By Deck
    • Single Deck is the largest segment in U.K. Elevator Market to 2032 with a revenue of 1.35 USD Billion in the year 2024.
    • Single Deck is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 7.56 % in forecast period 2025-2032.
  • U.K. Elevator Market to 2032, By Type
    • Passenger Elevator is the largest segment in U.K. Elevator Market to 2032 with a revenue of 991.53 USD Billion in the year 2024.
    • Freight/ Cargo Elevator is the Fastest growing segment in U.K. Elevator Market to 2032 with a Growth rate of 7.59 % in forecast period 2025-2032.

U.K. Elevator Market Company Share Analysis

 
Company Name Company Share Analysis
Hitachi, Ltd.
TOSHIBA CORPORATION
TK Elevator
Schindler
Otis Worldwide Corporation
U.K. Elevator Market Company Share Analysis

U.K. Elevator Market Geographical Sales Distribution, 2018-2032 USD Billion

U.K. Elevator Market Geographical Sales Distribution, 2018-2032 USD Billion

U.K. Elevator Market Company Profiling

U.K. Elevator Market Company Profiling

Industry Related Reports

South America Application-Specific Integrated Circuit (ASIC) Market
Middle East & Africa Application-Specific Integrated Circuit (ASIC) Market
North America Application-Specific Integrated Circuit (ASIC) Market
Europe Application-Specific Integrated Circuit (ASIC) Market
Asia-Pacific Application-Specific Integrated Circuit (ASIC) Market
Argentina Application-Specific Integrated Circuit (ASIC) Market
Australia Application-Specific Integrated Circuit (ASIC) Market
Belgium Application-Specific Integrated Circuit (ASIC) Market
Brazil Application-Specific Integrated Circuit (ASIC) Market
Canada Application-Specific Integrated Circuit (ASIC) Market
Frequently Asked Questions
The U.K. Elevator Market is segmented based on Segmentation End Use,Capacity,Elevation,Destination Control,Door Type,Mechanism,Speed,Component ,Deck ,Type.
U.K. Elevator Market was valued at USD 1.85(Revenue in USD Billion) in 2024.
U.K. Elevator Market is projected to grow at a CAGR of 7.50% during the forecast period of 2024 to 2032.
The Single Deck segment is expected to dominate the U.K. Elevator Market, holding a largest market share of 1.35 USD Billion in 2024

U.K. Elevator Market Scope

U.K. Elevator Market Segmentation & Scope
End Use
  • Industrial
  • Residential
  • Commercial
Capacity
  • Over 2500kg
  • 2000–2500kg
  • 1600–2000kg
  • 1050–1600kg
  • 630–1050kg
  • 630kg (or less)
Elevation
  • High Rise Elevators
  • Mid Rise Elevators
  • Low Rise Elevators
Destination Control
  • Smart
  • Conventional
Door Type
  • Others
  • Swinging Door
  • Manual Door
  • Sliding Door
  • Automatic Door
Mechanism
  • D.C. Elevators
  • A.C. Elevators
  • Others
  • Hydraulic Elevators
  • Traction / Cable Driven Elevators
  • Machine Room Reduced (MRL) Elevators
Speed
  • 5.0 mps (or more)
  • 3.5 - 4.0 mps
  • 2.5 - 3.0 mps
  • 1.5 - 2.0 mps
  • 1.0 mps (or less)
Component
  • Services
  • Hardware
Deck
  • Double Deck
  • Single Deck
Type
  • Others
  • Home Elevators
  • Service Elevator
  • Freight/ Cargo Elevator
  • Passenger Elevator
Frequently Asked Questions
The U.K. Elevator Market is segmented based on Segmentation End Use,Capacity,Elevation,Destination Control,Door Type,Mechanism,Speed,Component ,Deck ,Type.
U.K. Elevator Market was valued at USD 1.85(Revenue in USD Billion) in 2024.
U.K. Elevator Market is projected to grow at a CAGR of 7.50% during the forecast period of 2024 to 2032.
The estimated market value of the U.K. Elevator Market for final year is USD 3.28 (USD Billion).

U.K. Elevator Market Company Profiling

U.K. Elevator Market Company Profiling
Frequently Asked Questions
The U.K. Elevator Market is segmented based on Segmentation End Use,Capacity,Elevation,Destination Control,Door Type,Mechanism,Speed,Component ,Deck ,Type.
U.K. Elevator Market was valued at USD 1.85(Revenue in USD Billion) in 2024.
U.K. Elevator Market is projected to grow at a CAGR of 7.50% during the forecast period of 2024 to 2032.
The estimated market value of the U.K. Elevator Market for final year is USD 3.28 (USD Billion).

Related Markets

HAVE A QUESTION?

Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.

BROWSE RELATED PAGES