U.K. Vertical-Transportation Market Expected to Grow

According to the latest research report by Arizton reported by GlobeNewswire, the U.K. elevators and escalators market is expected to grow at a compound annual growth rate (CAGR) of 4.7% during 2022-2028. In 2021, the modernization segment of the U.K. elevators and escalators market accounted for a revenue share of US$135.9 million, which is expected to grow at a CAGR of 3.05% to reach US$167.7 million in 2028. Also, the market was valued at 9,300 units in 2021 and is expected to reach 12,800 units by 2028. The construction of high-rise buildings has increased considerably in the U.K. in recent years in both the height and number of buildings, and the pipeline of high-rise buildings across the country is around 549 buildings, of which approximately 58% are in London, according to GlobeNewswire. The U.K. has just 33 high-rise buildings that exceed a height of 150 m. According to the Council on Tall Buildings and Urban Habitat, the U.K. has the third-tallest buildings in Europe and the 22nd-tallest buildings worldwide based on the number of buildings with an elevation of 150 m and above. The report also shows that, according to the World Bank, the population across the U.K. will rise by 25% from a little over 61 million to almost 77 million by 2060. This surge in the country’s urban population will result in congestion, particularly in the commercial sector, and drive demand for escalators.

Get more of Elevator World. Sign up for our free e-newsletter.

Please enter a valid email address.
Something went wrong. Please check your entries and try again.

(l-r) Late NYBMA Association Vice President Anton Rukaj, John Mezzo and NYBMA Financial Secretary Marat Olfir; image courtesy of NYBMA

Dynasty Elevator President Mezzo Joins NYBMA BoD

INTERLIFT 2025 PREPARATIONS UNDERWAY FOR NÃœREMBERG EVENT

Interlift 2025 Preparations Underway for Nuremberg Event

ADA elevator taking passengers from street level to the mezzanine; image courtesy of MTA

Mid-American Provides Two ADA Elevators For NYC MTA Station

SLM WORLD EXPO 2026 ORGANIZERS INVITE PARTICIPATION

SLM World Expo 2026 Organizers Invite Participation

Hutchinson presents Hyprlift; image courtesy of Hyprlift.

Hyprlift Showcases Ropeless Elevator At Dubai Event

Manhattan Place Condominium; photo by Transpoman for Wikipedia

Dynasty Elevator Completes Five-Elevator Modernization In Manhattan

The Fermator team at Lift Expo Poland 2024; image courtesy of Fermator

Fermator Wins Best Stand Award At Lift Expo Poland

FATALITY OCCURS IN ELEVATOR INCIDENT IN THE PHILIPPINES

Fatality Occurs In Elevator Incident In The Philippines