UK Elevator and Escalator Market - Size & Growth Forecast 2025-2030

THE U.K. ELEVATOR AND ESCALATOR MARKET SIZE BY NEW INSTALLATIONS WAS VALUED AT 8.21 THOUSAND UNITS IN 2024 AND IS EXPECTED TO REACH 9.87 THOUSAND UNITS BY 2030, GROWING AT A CAGR OF 3.11% FROM 2024-2030

UK Elevator and Escalator Report

The U.K. Elevator and Escalator Market Size in Volume (Thousand Units) and Value (In Millions) (Installation Base, New Installation Type, Modernization (In Millions), Maintenance (In Millions)

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12 tables

51 charts

1 region

01 countries

12 company

06 segments

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UK Elevator and Escalator Market - Size & Growth Forecast 2025-2030

THE U.K. ELEVATOR AND ESCALATOR MARKET SIZE BY NEW INSTALLATIONS WAS VALUED AT 8.21 THOUSAND UNITS IN 2024 AND IS EXPECTED TO REACH 9.87 THOUSAND UNITS BY 2030, GROWING AT A CAGR OF 3.11% FROM 2024-2030

U.K. Elevator and Escalator Market Size (Volume)

  1. Installation Base
  2. New Installation Type
  3. Modernization (In Million)
  4. Maintenance (In Million)

U.K. Elevator Market Size (Volume)

  1. Installation Base
  2. New Installation Type
  3. Modernization & Maintenance (In Million)

U.K. Escalator Market Size by Volume

  1. Installation Base
  2. New Installation Type
  3. Modernization & Maintenance (In Million)

U.K. Elevator and Escalator Market Size, Share, & Trends Analysis Report by

Elevator Market Segmentation

  1. Machine Type: Hydraulic and Pneumatic, Machine Room Traction, Machine Room Less Traction, and Others (Climbing Elevators and Industrial Elevators)
  2. Carriage Type: Passenger and Freight
  3. Capacity: 2-15 Persons, 16-24 Persons, 25-33 Persons, and 34 Persons and Above 
  4. End-User: Commercial, Residential, Industrial, and Others (Public Transit, Institutional, and Infrastructural)

Escalator Market Segmentation

  1. Product Type: Parallel, Multi Parallel, Walkway, and Crisscross
  2. End-User: Public Transit, Commercial, and Others (Institutional Sector, Infrastructure & Industrial)

The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Industry Size, Sales, and Growth Forecast for 2025-2030.

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U.K. ELEVATOR AND ESCALATOR MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
MARKET SIZE BY NEW INSTALLATIONS (2030)9.87 Thousand Units
MARKET SIZE BY NEW INSTALLATIONS (2024)8.21 Thousand Units
CAGR - NEW INSTALLATIONS (2024-2030)3.11%
MARKET SIZE BY INSTALLED BASE (2030)407.62 Thousand Units
MARKET SIZE BY MODERNIZATION (2030)USD 344.18 Million
HISTORIC YEAR2021-2023
BASE YEAR2024
FORECAST YEAR2025-2030
SEGMENTATION BY CARRIAGE TYPEPassenger and Freight
SEGMENTATION BY CAPACITY2-15 Persons, 16-24 Persons, 25-33 Persons, and 34 Persons and Above
SEGMENTATION BY END-USERCommercial, Residential, Industrial, and Others
SEGMENTATION BY MACHINE TYPEHydraulic and Pneumatic, Machine Room Traction, Machine Room Less Traction, and Others
KEY VENDORSOtis, KONE, TK Elevator, Schindler, Mitsubishi Electric, Hitachi, Stannah, and Fujitec
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UK ELEVATOR AND ESCALATOR MARKET SIZE & OVERVIEW

The U.K. elevator and escalator market by new installations accounted for 8.21 thousand units in 2024 and is expected to reach 9.87 thousand units by 2030, growing at a CAGR of 3.11% during the forecast period. Increasing urbanization and construction industry growth significantly contribute to the year-over-year growth of the market. Also, growing government investment in infrastructure development projects under the National Infrastructure Strategy which focuses on enhancing public transport and urban development is expected to support the U.K. elevator and escalator market growth.

The UK government is also investing in the development of railways across the country. The investment is also directed at the modernization of escalators at various railway networks across the UK. In 2024, the government announced to investment of over USD 12.5 million to replace fourteen aging escalators across Liverpool Lime Street, James Street, Moorfield & Hamilton Square. The project is expected to be concluded by 2027. However, inflationary pressures, along with rising costs of construction materials, and skilled labor shortages are a few challenges faced by the UK’s economy. This can hamper the U.K. elevator and escalator market growth. Despite the ongoing challenges, the country is projected to witness robust growth in its construction sector, fuelled by increased infrastructure spending.

UK Elevator and Escalator Market - Size & Growth Forecast 2025-2030

Elevator and Escalator Market News

  1. In June 2024, Otis installed 26 vertical transportation (VT) units at One Exchange Square, a 13-story office building at London's Broadgate Campus. The units included four LinkTM escalators, seven platform lifts, and fifteen Gen2 lifts. The elevator has facilities such as Compass 360 destination-dispatch system, EMS PanoramaTM 2.0 elevator-management system, and Internet of Things connectivity with Otis ONETM.
  2. KONE won the order to modernize escalators along Liverpool’s commuter rail network in 2024. The order comprises the complete replacement of fourteen escalators with KONE EcoMod 140, which is energy-efficient and can transport 7,300 passengers per hour. The modernization project is expected to be completed in Q4 2026.

IMPACT OF TARIFF

  1. The U.S. administration implemented a high baseline tariff, introducing 10% on goods from all countries, which was effective from April 5, 2025. Additionally, higher reciprocal tariffs were imposed on specific trading partners, including the European Union and the U.K., which was effective from April 9, 2025.
  2. The U.S. government announced a temporary pause in tariff hikes, but the situation remains uncertain after 90 days, with a 10% minimum tariff in effect. This trade tension significantly impacts the manufacturer of the U.K. elevator and escalator market, which significantly imports motor parts, lumber, and other raw materials from different countries.
  3. The U.K. imports significant amounts of aluminum, copper, and other raw materials from China and other countries such as Canada & Mexico.
  4. These added costs are likely to be passed on to U.K. consumers, causing a notable increase in the prices of elevators & escalators. As a result, demand for locally manufactured elevators & escalators is expected to grow.
  5. Major elevator & escalator companies such as Otis, KONE, Schindler & others are importing raw materials & motor parts from China and the Japanese market. The surge in tariff rates is expected to increase the prices of elevators & escalators manufactured by them.
  6. However, in May 2025, the U.K. decided not to impose tariffs on imported copper, lumber, and aluminum from the U.S.

SEGMENTATION INSIGHTS

  1. The U.K. elevator market by the installed base is expected to reach 393 thousand units by 2030.
  2. The machine roomless traction segment accounted for the largest market share due to its space-saving design, energy efficiency, and ability to support green building initiatives.
  3. The U.K. installed base escalators market is expected to reach 14 thousand units by 2030.
  4. Escalators used in the commercial sector accounted for the largest share in 2024 due to increasing retail projects in the pipeline.
  5. The parallel escalators segment accounted for the largest market share in 2024 due to the high construction of commercial buildings.
  6. The modernization market in the U.K. elevator and escalator market is expected to reach USD 344.18 million by 2030.

UK ELEVATOR AND ESCALATOR MARKET OPPORTUNITIES & DRIVERS

Integration of Artificial Intelligence (AI) in the U.K. Elevator and Escalator Market is Expected to Create Opportunities in the Market

  1. The integration of AI in the U.K. elevator and escalator market reflects a growing trend in the modernization of urban infrastructure. AI-driven solutions enhance safety, efficiency, and user experience in public and private transportation systems.
  2. AI Monitors real-time data from IoT-enabled sensors attached to escalators and elevators to anticipate and stop problems before they happen. This improves equipment reliability and drastically cuts downtime. AI-based predictive maintenance systems have been implemented in several U.K. commercial and residential buildings by multinational corporations with significant operations in the U.K., including KONE and Otis.

Urbanization and Population Growth in the U.K.

  1. Rapid urbanization and rising population are key drivers of the construction market. By 2024, the population is expected to reach approximately 36 million people, with 84.4% living in urban areas. This urbanization requires extensive development in housing, infrastructure, and utilities, thereby supporting the U.K. elevator and escalator market growth.
  2. In addition, the U.K. government is investing to support population growth, focusing on housing, healthcare, education, and infrastructure. In 2024-2025, over 6.64 billion has been allocated for Affordable housing to address the growing demand. It is also investing in healthcare, and millions of dollars are expected to be allocated in the market.

Growing Investments in the U.K.’s Housing Sector

  1. The housing sector in the U.K. is experiencing strong and stable growth, supporting high demand for new homes and active government initiatives to make housing more affordable. Urban regeneration projects and a growing focus on sustainable construction are creating modern, eco-friendly communities across cities and towns. The sector is appealing to significant domestic and international investment, which leads to innovation and developed building standards.
  2. Furthermore, the U.K. government revealed a USD 2.66 billion investment to build 18,000 new affordable homes, with construction expected to begin in March 2027 and be finished by June 2029. This investment is part of the high demand for affordable housing programs. Moreover, they also planned to allocate more funds for 2026-27 and the coming years, ensuring constant support is available for the construction of affordable housing.

Expansion and Development of the Growing Airport Industry

  1. The U.K. is actively developing its transport industry to improve global connectivity, supporting the rising passenger demand as well as economic growth. Major airports in the country are undergoing large-scale upgrades, including runway expansion, terminal enhancements, and digital infrastructure improvements. These developments aim to strengthen the U.K.’s position as a leading international aviation hub while also creating new jobs and boosting the economy. It is taking steps to address airport capacity issues by investing in airport expansion projects at Heathrow, Gatwick, and Luton airports in 2025. Such steps are projected to support the U.K. elevator and escalator market growth.
  2. Meanwhile, London City Airport has been approved for an expansion that will accommodate up to 9 million passengers every year by 2031. In addition, London Stansted is also investing USD 1.47 billion in terminal expansions and improvements to passenger services. In addition, the UK has the third-largest aviation network in the world, behind China and the United States, and London's airports serve more routes than any other European city.

INDUSTRY RESTRAINTS

High Construction Cost in the United Kingdom

  1. In the U.K., the cost of construction has risen in recent years. Industry reports advise that construction costs have risen by around 15-20% since 2020, mainly due to the rising prices of resources such as steel, timber, and cement. These price increases have been intensified by supply chain disruptions affected by the pandemic, as well as ongoing geopolitical tensions affecting global trade.
  2. In 2024, the U.K.'s construction industry recorded a real term of 0.7% primarily due to high price increases, rising construction material costs and energy prices, and a significant weakness in the residential construction sector.
  3. Furthermore, the rise in construction costs is also impacting U.K. housing prices. It’s making it more expensive to buy a new home, as developers are passing on the increased costs to buyers. Moreover, they are facing a challenging era, as they try to balance the need to build new homes and commercial properties with rising costs.

Skilled Labor Shortage and Regulatory Challenge

  1. The U.K.'s ambitious Vision 2030 focuses on infrastructure development, which is facing significant challenges due to a severe shortage of skilled labor, particularly in the installation and maintenance of elevators and escalators, and can subsequently hamper the U.K. elevator and escalator market growth.
  2. Additionally, the U.K. construction sector is facing a general skills shortage, with 62% of organizations reporting difficulty finding workers with the right skills. This is particularly important in the construction industry, which needs at least 225,000 additional workers by 2027.
  3. The construction, manufacturing, and industrial sectors are now facing a shortage of skilled employees with the right qualifications or experience. The construction market is experiencing insistent labor shortages, particularly among bricklayers, carpenters, electricians, and plumbers. These shortages have led to project delays and increased costs.

UK ELEVATOR AND ESCALATOR MARKET VENDOR LANDSCAPE

  1. Schindler, TK Elevators, KONE, OTIS, Mitsubishi Electric, Hitachi Elevator, Stannah Elevators, & Fujitec are key players in the U.K. elevator and escalator market.
  2. Other prominent players in the U.K. elevator and escalator market are Toshiba Elevator, Delaware Elevator, Orana, Kleemann, Cibes Lifts, & Aritco Lifts.

SNAPSHOT

The U.K. elevator and escalator market size by new installations was estimated at 8.21 thousand units in 2024 and is expected to reach 9.87 thousand units by 2030, growing at a CAGR of 3.11% during the forecast period.

The following factors are likely to contribute to the growth of the U.K. elevator and escalator market during the forecast period:

  1. Growing Investments in the UK’s Housing Sector
  2. Expansion and Development of the Growing Airport Industry
  3. Growth in the Tourism and Hospitality Industry

Base Year: 2024

Forecast Year: 2025-2030

The report considers the present U.K. elevator and escalator market scenario and market dynamics from 2025 to 2030. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the volume and value sales with a segment analysis of the U.K. elevator & escalator market.

Key Vendors

  1. Otis
  2. KONE
  3. TK Elevator
  4. Schindler
  5. Mitsubishi Electric
  6. Hitachi
  7. Stannah elevators
  8. Fujitec

Other Prominent Vendors

  1. Toshiba Elevator and Building Systems Corporation
  2. Delfar Elevator Co., Ltd.
  3. Orona
  4. KLEEMANN
  5. Cibes Lift
  6. Aritco

Elevator Market Segmentation by

Machine Type

  1. Hydraulic and Pneumatic
  2. Machine Room Traction
  3. Machine Room Less Traction
  4. Others 
  5. Climbing
  6. Elevators
  7. Industrial Elevators

Carriage Type

  1. Passenger
  2. Freight 

Capacity

  1. 2-15 Persons
  2. 16-24 Persons
  3. 25-33 Persons
  4. 34 Persons and Above 

End-User

  1. Commercial
  2. Residential
  3. Industrial
  4. Others 
  5. Public Transit
  6. Institutional
  7. Infrastructural

Escalator Market Segmentation by

Product Type

  1. Parallel
  2. Multi Parallel
  3. Walkway
  4. Crisscross

End-User

  1. Public Transit
  2. Commercial
  3. Others
  4. Institutional Sector
  5. Infrastructure
  6. Industrial

U.K. ELEVATOR AND ESCALATOR MARKET FAQ's

How big is the U.K. elevator and escalator market?

The U.K. elevator and escalator market size by new installations accounted for 8.21 thousand units in 2024 and is expected to reach 9.87 thousand units by 2030.

What is the number of installed bases in the U.K. elevator and escalator market in 2024?

The number of installed bases in the U.K. elevator and escalator market accounts for approximately 354.60 thousand units in 2024.

What will be the growth rate of the U.K. elevator and escalator market?

The U.K. elevator and escalator market share by new installations is expected to grow at a CAGR of 3.11% during the forecast period.

What are the key U.K. elevator and escalator market players?

The key players in the U.K. elevator and escalator market are Otis, KONE, TK Elevator, Schindler, Mitsubishi Electric, Hitachi, Stannah, and Fujitec.

What are the key opportunities in the U.K. elevator and escalator market?

Integration of Artificial Intelligence (AI) in the elevators and escalators industry and urbanization and population growth in the UK presents key opportunities in the U.K. elevator and escalator market.

1) UK ELEVATOR & ESCALATOR INSTALLED BASE BY VOLUME 2021-2030 (UNITS)

2) UK ELEVATOR & ESCALATOR NEW INSTALLATIONS BY VOLUME 2021-2030 (UNITS)

3) MARKET SHARE 2024: MAINTENANCE

4) MARKET SHARE 2024: MODERNIZATION

5) UK ELEVATORS & ESCALATORS INSTALLED BASE: VOLUME (UNITS IN THOUSANDS)

6) UK ELEVATORS & ESCALATORS NEW INSTALLATIONS: VOLUME (UNITS IN THOUSANDS)

7) ELEVATORS, INSTALLED BASE, VOLUME (UNITS)

8) ELEVATORS, NEW INSTALLATIONS, VOLUME (UNITS)

9) ELEVATORS: MAINTENANCE & MODERNIZATION, VALUE ($ MILLION)

10) ELEVATORS: MAINTENANCE & MODERNIZATION, 2024 (%)

11) ESCALATORS, INSTALLED BASE, VOLUME (UNITS)

12) ESCALATORS, NEW INSTALLATIONS, VOLUME (UNITS)

13) ESCALATORS: MAINTENANCE & MODERNIZATION, VALUE ($ MILLION)

14) ESCALATORS: MAINTENANCE & MODERNIZATION, 2024 (%)

15) ELEVATORS, INSTALLED BASE, AND NEW INSTALLATIONS (UNITS)

16) ELEVATORS, NEW INSTALLATIONS (UNITS)

17) HYDRAULIC & PNEUMATIC ELEVATORS INSTALLED BASE AND NEW INSTALLATIONS (UNITS)

18) MACHINE ROOM LESS TRACTION ELEVATORS INSTALLED BASE AND NEW INSTALLATIONS (UNITS)

19) MACHINE ROOM TRACTION ELEVATORS INSTALLED BASE AND NEW INSTALLATIONS (UNITS)

20) OTHER MACHINE ELEVATORS INSTALLED BASE AND NEW INSTALLATION (UNITS)

21) INSTALLED BASE AND NEW INSTALLATIONS OF PASSENGER ELEVATORS (UNITS)

22) INSTALLED BASE AND NEW INSTALLATIONS OF FREIGHT ELEVATORS (UNITS)

23) INSTALLED BASE AND NEW INSTALLATIONS OF 2–15 PERSONS ELEVATORS (UNITS)

24) INSTALLED BASE AND NEW INSTALLATIONS OF 16-24 PERSONS ELEVATORS (UNITS)

25) INSTALLED BASE AND NEW INSTALLATIONS OF 25-33 PERSONS ELEVATORS (UNITS)

26) INSTALLED BASE AND NEW INSTALLATIONS OF 34 PERSONS AND ABOVE ELEVATORS (UNITS)

27) INSTALLED BASE AND NEW INSTALLATIONS OF COMMERCIAL ELEVATORS (UNITS)

28) INSTALLED BASE AND NEW INSTALLATIONS OF RESIDENTIAL ELEVATORS (UNITS)

29) INSTALLED BASE AND NEW INSTALLATIONS OF INDUSTRIAL ELEVATORS (UNITS)

30) INSTALLED BASE AND NEW INSTALLATIONS OF OTHER END-USER ELEVATORS (UNITS)

31) INSTALLED BASE AND NEW INSTALLATIONS OF ESCALATORS (UNITS)

32) NEW INSTALLATIONS OF ESCALATORS (UNITS)

33) INSTALLED BASE AND NEW INSTALLATIONS OF PARALLEL ESCALATORS (UNITS)

34) INSTALLED BASE AND NEW INSTALLATIONS OF MULTI PARALLEL ESCALATORS (UNITS)

35) INSTALLED BASE AND NEW INSTALLATIONS OF MOVING WALKWAY ESCALATORS (UNITS)

36) INSTALLED BASE AND NEW INSTALLATIONS OF CRISSCROSS ESCALATORS (UNITS)

37) INSTALLED BASE AND NEW INSTALLATIONS OF PUBLIC TRANSIT ESCALATORS (UNITS)

38) INSTALLED BASE AND NEW INSTALLATIONS OF COMMERCIAL ESCALATORS (UNITS)

39) INSTALLED BASE AND NEW INSTALLATIONS OF OTHER END USER ESCALATORS (UNITS)

40) UK ELEVATORS & ESCALATORS MAINTENANCE MARKET ($ MN)

41) UK ELEVATORS & ESCALATORS MODERNIZATION MARKET ($ MN)

42) U.K HOTELS’ GUEST SPENDING (IN BILLIONS $)

43) UK HOUSING STARTS AS OF FEBRUARY 2025 (THOUSAND UNITS)

44) MARKET SHARE 2024 (% SHARE) BY VALUE

45) OTIS: TOTAL SALES 2020-2024 ($ BILLION)

46) KONE: TOTAL SALES BY SEGMENT 2024 (% SHARE)

47) TK ELEVATOR: REVENUE 2021-2024 ($ BILLION)

48) SCHINDLER: TOTAL SALES 2020-2024 ($ BILLION)

49) HITACHI LTD.: TOTAL REVENUE BY SEGMENT 2023 (%)

50) STANNAH ELEVATOR: TOTAL SALES 2022-2023 ($BILLION)

51) FUJITEC: NET SALES 2021-2023 ($ BILLION)


LIST OF TABLES



1) NUMBER OF TALL BUILDINGS BY COUNTRIES AS OF 2024

2) KEY BUILDING PROJECTS DRIVING THE DEMAND IN UK

3) ELEVATOR BY MACHINE: NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITIES, 2024–2030

4) ELEVATOR BY CARRIAGE TYPE: NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITIES, 2024–2030

5) ELEVATOR BY CAPACITY: NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITIES, 2024–2030

6) ELEVATOR BY END-USER: NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITIES, 2024–2030

7) MAJOR UPCOMING STADIUMS IN THE UK

8) MAJOR UPCOMING PUBLIC TRANSIT PROJECTS AS OF 2024

9) ESCALATOR BY PRODUCT: NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITIES, 2024–2030

10) MAJOR UPCOMING MIXED-USE BUILDINGS IN UK 2025

11) ESCALATOR BY END-USER: NEW INSTALLATIONS, TOTAL INCREMENTAL OPPORTUNITIES, 2024–2030

12) LIST OF ABBREVIATIONS



1. Market Scope

2. Executive Summary

3. Introduction

3.1. Market Overview

3.1.1. Market Snapshot of Elevators

3.1.2. Market Snapshot of Escalators

3.1.3. Impact of the Ongoing Tariff War

4. Elevator Market

4.1. Market Overview

4.1.1. Growth in Sky-scrappers

4.1.2. Key Infrastructure Projects Under Construction

4.1.3. Life Cycle of Elevators (Age of Elevators)

4.1.4. Elevator Market Size: New Installation & Installed Base

4.2. Market Segmentation: Elevators

4.2.1. By Machine

4.2.2. By Carriage Type

4.2.3. By Capacity

4.2.4. By End-user

5. Escalator Market

5.1. Escalator Market Size: New Installation & Installed Base

5.2. Market Segmentation: Escalator

5.2.1. Product

5.2.2. End-user

6. Service (Maintenance & Modernization)

6.1. Maintenance Market

6.2. Modernization Market

7. Geographical Analysis

8. Market Dynamics

9. Technological Development

10. Competitive Landscape

10.1.1 Elevators & Escalators Market Share

10.1.2 Prominent Vendors

10.1.3 Other Prominent Vendors

11. Report Summary

11.1.1 Quantitative Summary

11.1.2 List of Abbreviations

12. Appendix (Definition, Inclusions & Exclusions)

121.1 Research Methodology

12.1.2 Market Definition & Scope


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Frequently Asked Questions

How big is the U.K. elevator and escalator market?

The U.K. elevator and escalator market size by new installations accounted for 8.21 thousand units in 2024 and is expected to reach 9.87 thousand units by 2030.

What is the number of installed bases in the U.K. elevator and escalator market in 2024?

The number of installed bases in the U.K. elevator and escalator market accounts for approximately 354.60 thousand units in 2024.

What will be the growth rate of the U.K. elevator and escalator market?

The U.K. elevator and escalator market share by new installations is expected to grow at a CAGR of 3.11% during the forecast period.

What are the key U.K. elevator and escalator market players?

The key players in the U.K. elevator and escalator market are Otis, KONE, TK Elevator, Schindler, Mitsubishi Electric, Hitachi, Stannah, and Fujitec.

What are the key opportunities in the U.K. elevator and escalator market?

Integration of Artificial Intelligence (AI) in the elevators and escalators industry and urbanization and population growth in the UK presents key opportunities in the U.K. elevator and escalator market.