UK Elevator Market Size and Statistics

Name: UK Elevator Market Size and Statistics - 2030
Creator: Supradip Baul
Published: Oct 2025

UK Elevator Market by Type (Passenger Elevator, Freight Elevator, and Others), by Technology (Traction, and Hydraulic ), by Services (New Installation, and Others), by Capacity (Less than 1500 kg, and Others), by Speed (Less than 1 M/S, and Others), by Deck Type (Single Deck, and Double Deck), by Designation control (Smart, and Conventional), by Door Type (Automatic, and Manual), By Application (Residential, Commercial, and Industrial)- Opportunity Analysis and Industry Forecast, 2025 –2030.

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Market Definition

According to NMSC, the UK Elevator Market size in 2024 was USD 3577.24 million, and is estimated to reach USD 4078.62 million in 2025 and is projected to reach USD 6397.47 million by 2030 with a CAGR of 9.42%. According to NMSC, in term of volume the market size was 11.22 thousand units in 2024, 12.60 thousand units in 2025 and is projected to reach 20.99 thousand units by 2030 with a CAGR of 10.75%. The elevator market represents a dynamic sector encompassing the design, manufacturing, installation, and maintenance of elevator systems. From conventional traction elevators to cutting-edge smart solutions, this market offers a diverse array of vertical transportation choices customized to suit the distinct requirements of various buildings and infrastructure projects. Stakeholders within the elevator market include manufacturers, suppliers, contractors, architects, building owners, and facility managers. Manufacturers continuously innovate to enhance elevator performance, safety, and sustainability, while suppliers provide critical components and materials necessary for system construction.

Additionally, sustainability considerations, including energy efficiency and material recyclability, are increasingly integral to elevator design and operation. They align with broader environmental objectives and sustainable building practices. Thus, the elevator market is a cornerstone of vertical mobility as elevators enhance functionality, accessibility, and sustainability within buildings and urban landscapes worldwide.

Surge In Urban Regeneration And Mixed-use Developments Driving New Installations

The UK is witnessing a rapid wave of urban regeneration projects, particularly in major cities such as London, Manchester, Birmingham, and Leeds. These projects are transforming old industrial zones and underutilized urban spaces into high-density residential, commercial, and mixed-use developments. With vertical construction becoming the norm in these redeveloped areas, the demand for advanced elevator systems is rising sharply. Elevators are no longer just a convenience but a compliance requirement, meeting modern accessibility, safety, and sustainability regulations. Additionally, large-scale housing programs and infrastructure investments by local councils are further accelerating elevator installations, particularly in social housing and public facilities, reinforcing long-term market demand.

Rising Demand For Modernization Driven By Net-zero And Safety Compliance

A substantial portion of the UK’s elevator stock is reaching the end of its operational life, creating robust demand for modernization solutions. Building owners are prioritizing upgrades that improve energy efficiency, reduce operational costs, and comply with the UK’s net-zero targets for carbon emissions. Modernization projects are increasingly incorporating regenerative drives, AI-powered predictive maintenance, and destination control systems to enhance passenger flow and minimize downtime. Additionally, new fire safety and accessibility regulations following Grenfell-related reforms are prompting landlords and developers to ensure compliance, making modernization a key growth driver in both residential and commercial segments.

High Cost And Logistical Challenges Of Retrofitting In Aged Building Stock

Despite the strong need for modernization, retrofitting elevators in older buildings remains a major challenge due to high costs, technical complexity, and logistical disruption. Many mid-rise and heritage buildings in the UK lack adequate space for shafts or lift pits, requiring extensive structural alterations and regulatory approvals before installation. These challenges are amplified in densely populated residential blocks where relocation or phased construction adds to project timelines and costs. As a result, many property owners delay or avoid upgrades, which slows overall market penetration, particularly in the private rental sector and older council housing stock.

Integration Of Smart Elevators With Building Automation And Esg Goals

The growing adoption of smart building technologies presents a major opportunity for elevator manufacturers and service providers in the UK. IoT-enabled elevators that integrate seamlessly with Building Management Systems (BMS) and ESG reporting tools are becoming increasingly attractive to developers and asset managers. These systems offer real-time performance monitoring, predictive maintenance, and energy optimization, aligning with corporate sustainability strategies and green building certifications such as BREEAM. With the UK’s focus on connected infrastructure and smart cities, the demand for elevators that enhance operational efficiency while supporting ESG compliance is expected to rise significantly, creating new revenue streams through service contracts and digital solutions.

Competitive Landscape

The UK elevator market comprises various market players, such as Otis Elevator Company, KONE Corporation, Schindler Group, TK Elevator, Mitsubishi Electric Corporation, Lifton Home Lifts, Cibes Lift, Lifton Home Lifts, Stannah Lifts Holdings Ltd, Toshiba Elevator and Building Systems, Kleemann Lifts UK, Alimak Group, Aritco Lift AB, Orona Group, Gartec Lifts, and others.

UK Elevator Market Key Segments

By Type

Passenger elevator
Freight elevator
Others

By Technology

Traction
- Machine Room [MR] Traction
- Machine Roomless [MRL] Traction
Hydraulic

By Service

New Installation
Maintenance
Modernization

By Capacity

Less than 1500 kg
1500 to 2500 kg
2501 to 4000 kg
More than 4000 kg

By Speed

Less than 1 M/S
Between 1 to 4 M/S
More than 5 M/S

By Deck Type

Single Deck
Double Deck

By Designation Control

Smart
Conventional

By Door Type

Automatic
Manual

By Application

Residential
- Low Rise: 10 floors
- Mid Rise: 11-30 floors
- High Rise: above 30 floors
- Villa/home
Commercial
- Airport
- Hotel & Hospitality
- Leisure and Education
- Marine & Port Facilities
- Medical & Healthcare
- Multiuse Buildings (Mixed-Use)
- Retail & Shopping Centers
- Public Transportation Hubs
- Office Buildings
  - Low Rise: 10 floors
  - Mid Rise: 11-30 floors
  - High Rise: above 30 floors
Industrial

Key Players

Otis Elevator Company
KONE Corporation
Schindler Group
TK Elevator
Mitsubishi Electric Corporation
Lifton Home Lifts
Cibes Lift
Lifton Home Lifts
Stannah Lifts Holdings Ltd
Toshiba Elevator and Building Systems
Kleemann Lifts UK
Alimak Group
Aritco Lift AB
Orona Group
Gartec Lifts

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2025	USD 3577.24 Million
Revenue Forecast in 2030	USD 4078.62 Million
Growth Rate	CAGR of 9.42 % from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Million (USD)
Growth Factors	Surge In Urban Regeneration And Mixed-use Developments Driving New Installations Rising Demand For Modernization Driven By Net-zero And Safety Compliance
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

About the Author

Sikha Haritwal is a researcher with more than 5 years of experience. She has been keeping a close eye on several industry verticals, including construction & manufacturing, personal care products, and consumer electronics. She has avid interest in writing news articles and hopes to use blog as a platform to share her knowledge with others.

About the Reviewer

Supradip Baul is an accomplished business consultant and strategist with over a decade of rich experience in market intelligence, strategy, technology and business transformation. His work has included rigorous qualitative and quantitative analysis across multiple industries, helping clients shape investment decisions and long-term roadmaps. Earlier in his career, he was associated with Gartner, where he contributed to industry-leading reports and market share analyses. He has worked with leading global companies and holds an MBA with a dual specialization in Marketing and Finance.

1. 1.1 REPORT DESCRIPTION
2. 1.2 RESEARCH METHODOLOGY
3. 1. 1.2.1 SECONDARY RESEARCH
  2. 1.2.2 DATA ANALYSIS FRAMEWORK
  3. 1.2.3 MARKET SIZE ESTIMATION
  4. 1.2.4 FORECASTING
  5. 1.2.5 PRIMARY RESEARCH AND DATA VALIDATION

1. 2.1. MARKET SNAPSHOT, 2023 - 2030, MILLION USD

1. 3.1 BARGAINING POWER OF SUPPLIERS
2. 3.2 BARGAINING POWER OF BUYERS
3. 3.3 DEGREE OF COMPETITION
4. 3.4 THREAT OF SUBSTITUTE
5. 3.5 THREAT OF NEW ENTRANTS

1. 4.1 MARKET SHARE ANALYSIS OF TOP PROVIDERS, 2023

1. 5.1 GROWTH DRIVERS
2. 1. 5.1.1 DRIVER 1
  2. 5.1.2 DRIVER 2
  3. 5.1.3 DRIVER 3
  4. 5.1.4 DRIVER 4
3. 5.2 CHALLENGES
4. 1. 5.2.1 CHALLENGE 1
  2. 5.2.2 CHALLENGE 2
  3. 5.2.3 CHALLENGE 3
  4. 5.2.4 CHALLENGE 4
5. 5.3 OPPORTUNITIES
6. 1. 5.3.1 OPPORTUNITY 1
  2. 5.3.2 OPPORTUNITY 2

1. 6.1 OVERVIEW
2. 6.2 PASSENGER ELEVATOR MARKET
3. 6.3 FREIGHT ELEVATOR MARKET
4. 6.4 OTHER ELEVATOR MARKET

1. 7.1 OVERVIEW
2. 7.2 TRACTION MARKET
3. 1. 7.2.1 MACHINE ROOM (MR) TRACTION
  2. 7.2.2 MACHINE ROOMLESSS (MRL) TRACTION
4. 7.3 HYDRAULIC MARKET

1. 8.1 OVERVIEW
2. 8.2 NEW INSTALLATION MARKET
3. 8.3 MAINTENANCE MARKET
4. 8.4 MODERNIZATION MARKET

1. 9.1 OVERVIEW
2. 9.2 LESS THAN 1500 KG MARKET
3. 9.3 1500 TO 2500 KG MARKET
4. 9.4 2501 TO 4000 KG MARKET
5. 9.5 MORE THAN 4000 KG MARKET

1. 10.1 OVERVIEW
2. 10.2 SINGLE DECK MARKET
3. 10.3 DOUBLE DECK MARKET

1. 11.1 OVERVIEW
2. 11.2 SMART MARKET
3. 11.3 CONVENTIONAL MARKET

1. 12.1 OVERVIEW
2. 12.2 AUTOMATIC MARKET
3. 12.3 MANUAL MARKET

1. 13.1 OVERVIEW
2. 13.2 LOW-RISE MARKET
3. 13.3 MID-RISE MARKET
4. 13.4 HIGH-RISE MARKET

1. 14.1 OVERVIEW
2. 14.2 RESIDENTIAL MARKET
3. 14.3 COMMERCIAL MARKET
4. 14.4 INDUSTRIAL MARKET

1. 15.1 SCHINDLER
2. 1. 15.1.1 COMPANY OVERVIEW
  2. 15.1.2 COMPANY SNAPSHOT
  3. 15.1.3 OPERATING BUSINESS SEGMENTS
  4. 15.1.4 PRODUCT PORTFOLIO
  5. 15.1.5 BUSINESS PERFORMANCE
  6. 15.1.6 BUSINESS SEGMENTS
  7. 15.1.7 GEOGRAPHIC SEGMENTS
  8. 15.1.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.1.9 PRIMARY MARKET COMPETITORS
3. 15.2 OTIS ELEVATOR COMPANY
4. 1. 15.2.1 COMPANY OVERVIEW
  2. 15.2.2 COMPANY SNAPSHOT
  3. 15.2.3 OPERATING BUSINESS SEGMENTS
  4. 15.2.4 PRODUCT PORTFOLIO
  5. 15.2.5 BUSINESS PERFORMANCE
  6. 15.2.6 BUSINESS SEGMENTS
  7. 15.2.7 GEOGRAPHIC SEGMENTS
  8. 15.2.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.2.9 PRIMARY MARKET COMPETITORS
5. 15.3 TK ELEVATOR (TKE)
6. 1. 15.3.1 COMPANY OVERVIEW
  2. 15.3.2 COMPANY SNAPSHOT
  3. 15.3.3 OPERATING BUSINESS SEGMENTS
  4. 15.3.4 PRODUCT PORTFOLIO
  5. 15.3.5 BUSINESS PERFORMANCE
  6. 15.3.6 BUSINESS SEGMENTS
  7. 15.3.7 GEOGRAPHIC SEGMENTS
  8. 15.3.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.3.9 PRIMARY MARKET COMPETITORS
7. 15.4 KONE CORPORATION
8. 1. 15.4.1 COMPANY OVERVIEW
  2. 15.4.2 COMPANY SNAPSHOT
  3. 15.4.3 OPERATING BUSINESS SEGMENTS
  4. 15.4.4 PRODUCT PORTFOLIO
  5. 15.4.5 BUSINESS PERFORMANCE
  6. 15.4.6 BUSINESS SEGMENTS
  7. 15.4.7 GEOGRAPHIC SEGMENTS
  8. 15.4.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.4.9 PRIMARY MARKET COMPETITORS
9. 15.5 FUJITEC CO. LTD
10. 1. 15.5.1 COMPANY OVERVIEW
  2. 15.5.2 COMPANY SNAPSHOT
  3. 15.5.3 OPERATING BUSINESS SEGMENTS
  4. 15.5.4 PRODUCT PORTFOLIO
  5. 15.5.5 BUSINESS PERFORMANCE
  6. 15.5.6 BUSINESS SEGMENTS
  7. 15.5.7 GEOGRAPHIC SEGMENTS
  8. 15.5.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.5.9 PRIMARY MARKET COMPETITORS
11. 15.6 OMNI LIFT SERVICES LTD
12. 1. 15.6.1 COMPANY OVERVIEW
  2. 15.6.2 COMPANY SNAPSHOT
  3. 15.6.3 OPERATING BUSINESS SEGMENTS
  4. 15.6.4 PRODUCT PORTFOLIO
  5. 15.6.5 BUSINESS PERFORMANCE
  6. 15.6.6 BUSINESS SEGMENTS
  7. 15.6.7 GEOGRAPHIC SEGMENTS
  8. 15.6.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.6.9 PRIMARY MARKET COMPETITORS
13. 15.7 MITSUBISHI ELECTRIC CORPORATION
14. 1. 15.7.1 COMPANY OVERVIEW
  2. 15.7.2 COMPANY SNAPSHOT
  3. 15.7.3 OPERATING BUSINESS SEGMENTS
  4. 15.7.4 PRODUCT PORTFOLIO
  5. 15.7.5 BUSINESS PERFORMANCE
  6. 15.7.6 BUSINESS SEGMENTS
  7. 15.7.7 GEOGRAPHIC SEGMENTS
  8. 15.7.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.7.9 PRIMARY MARKET COMPETITORS
15. 15.8 TOSHIBA CORPORATION
16. 1. 15.8.1 COMPANY OVERVIEW
  2. 15.8.2 COMPANY SNAPSHOT
  3. 15.8.3 OPERATING BUSINESS SEGMENTS
  4. 15.8.4 PRODUCT PORTFOLIO
  5. 15.8.5 BUSINESS PERFORMANCE
  6. 15.8.6 BUSINESS SEGMENTS
  7. 15.8.7 GEOGRAPHIC SEGMENTS
  8. 15.8.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.8.9 PRIMARY MARKET COMPETITORS
17. 15.9 HOME ELEVATORS BY PVE
18. 1. 15.9.1 COMPANY OVERVIEW
  2. 15.9.2 COMPANY SNAPSHOT
  3. 15.9.3 OPERATING BUSINESS SEGMENTS
  4. 15.9.4 PRODUCT PORTFOLIO
  5. 15.9.5 BUSINESS PERFORMANCE
  6. 15.9.6 BUSINESS SEGMENTS
  7. 15.9.7 GEOGRAPHIC SEGMENTS
  8. 15.9.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.9.9 PRIMARY MARKET COMPETITORS
19. 15.10 STANNAH
20. 1. 15.10.1 COMPANY OVERVIEW
  2. 15.10.2 COMPANY SNAPSHOT
  3. 15.10.3 OPERATING BUSINESS SEGMENTS
  4. 15.10.4 PRODUCT PORTFOLIO
  5. 15.10.5 BUSINESS PERFORMANCE
  6. 15.10.6 BUSINESS SEGMENTS
  7. 15.10.7 GEOGRAPHIC SEGMENTS
  8. 15.10.8 KEY STRATEGIC MOVES AND DEVELOPMENT
  9. 15.10.9 PRIMARY MARKET COMPETITORS

TABLE 1. UK ELEVATOR MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)
TABLE 2. PASSENGER ELEVATOR, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 3. FREIGHT ELEVATOR, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 4. OTHER ELEVATOR, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 5. UK ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2023-2030, (MILLION USD)
TABLE 6. TRACTION, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 7. MACHINE ROOM (MR) TRACTION, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 8. MACHINE ROOMLESSS (MRL) TRACTION, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 9. HYDRAULIC, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 10. UK ELEVATOR MARKET VALUE, BY SERVICE, 2023-2030, (MILLION USD)
TABLE 11. NEW INSTALLATION, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 12. MAINTENANCE, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 13. MODERNIZATION, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 14. UK ELEVATOR MARKET VALUE, BY CAPACITY, 2023-2030, (MILLION USD)
TABLE 15. LESS THAN 1500 KG, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 16. 1500 TO 2500 KG, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 17. 2501 TO 4000 KG, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 18. MORE THAN 4000 KG, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 19. UK ELEVATOR MARKET VALUE, BY DECK TYPE, 2023-2030, (MILLION USD)
TABLE 20. SINGLE DECK, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 21. DOUBLE DECK, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 22. UK ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2023-2030, (MILLION USD)
TABLE 23. SMART, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 24. CONVENTIONAL, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 25. UK ELEVATOR MARKET VALUE, BY DOOR TYPE, 2023-2030, (MILLION USD)
TABLE 26. AUTOMATIC, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 27. MANUAL, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 28. UK ELEVATOR MARKET VALUE, BY OPERATION, 2023-2030, (MILLION USD)
TABLE 29. LOW-RISE, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 30. MID-RISE, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 31. HIGH-RISE, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 32. UK ELEVATOR MARKET VALUE, BY APPLICATION, 2023-2030, (MILLION USD)
TABLE 33. RESIDENTIAL, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 34. COMMERCIAL, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 35. INDUSTRIAL, MARKET VALUE, 2023-2030, (MILLION USD)
TABLE 36. SCHINDLER: COMPANY SNAPSHOT
TABLE 37. SCHINDLER: OPERATING BUSINESS SEGMENTS
TABLE 38. SCHINDLER: PRODUCT PORTFOLIO
TABLE 39. SCHINDLER: SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 40. SCHINDLER: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 41. SCHINDLER: KEY STRATERGY
TABLE 42. OTIS ELEVATOR COMPANY: COMPANY SNAPSHOT
TABLE 43. OTIS ELEVATOR COMPANY: OPERATING BUSINESS SEGMENTS
TABLE 44. OTIS ELEVATOR COMPANY: PRODUCT PORTFOLIO
TABLE 45. OTIS ELEVATOR COMPANY: SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 46. OTIS ELEVATOR COMPANY: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 47. OTIS ELEVATOR COMPANY: KEY STRATERGY
TABLE 48. TK ELEVATOR (TKE): COMPANY SNAPSHOT
TABLE 49. TK ELEVATOR (TKE): OPERATING BUSINESS SEGMENTS
TABLE 50. TK ELEVATOR (TKE): PRODUCT PORTFOLIO
TABLE 51. TK ELEVATOR (TKE): SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 52. TK ELEVATOR (TKE): SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 53. TK ELEVATOR (TKE): KEY STRATERGY
TABLE 54. KONE CORPORATION: COMPANY SNAPSHOT
TABLE 55. KONE CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 56. KONE CORPORATION: PRODUCT PORTFOLIO
TABLE 57. KONE CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 58. KONE CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 59. KONE CORPORATION: KEY STRATERGY
TABLE 60. FUJITEC CO. LTD: COMPANY SNAPSHOT
TABLE 61. FUJITEC CO. LTD: OPERATING BUSINESS SEGMENTS
TABLE 62. FUJITEC CO. LTD: PRODUCT PORTFOLIO
TABLE 63. FUJITEC CO. LTD: SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 64. FUJITEC CO. LTD: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 65. FUJITEC CO. LTD: KEY STRATERGY
TABLE 66. OMNI LIFT SERVICES LTD: COMPANY SNAPSHOT
TABLE 67. OMNI LIFT SERVICES LTD: OPERATING BUSINESS SEGMENTS
TABLE 68. OMNI LIFT SERVICES LTD: PRODUCT PORTFOLIO
TABLE 69. OMNI LIFT SERVICES LTD: SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 70. OMNI LIFT SERVICES LTD: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 71. OMNI LIFT SERVICES LTD: KEY STRATERGY
TABLE 72. MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 73. MITSUBISHI ELECTRIC CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 74. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 75. MITSUBISHI ELECTRIC CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 76. MITSUBISHI ELECTRIC CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 77. MITSUBISHI ELECTRIC CORPORATION: KEY STRATERGY
TABLE 78. TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 79. TOSHIBA CORPORATION: OPERATING BUSINESS SEGMENTS
TABLE 80. TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 81. TOSHIBA CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 82. TOSHIBA CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 83. TOSHIBA CORPORATION: KEY STRATERGY
TABLE 84. HOME ELEVATORS BY PVE: COMPANY SNAPSHOT
TABLE 85. HOME ELEVATORS BY PVE: OPERATING BUSINESS SEGMENTS
TABLE 86. HOME ELEVATORS BY PVE: PRODUCT PORTFOLIO
TABLE 87. HOME ELEVATORS BY PVE: SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 88. HOME ELEVATORS BY PVE: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 89. HOME ELEVATORS BY PVE: KEY STRATERGY
TABLE 90. STANNAH: COMPANY SNAPSHOT
TABLE 91. STANNAH: OPERATING BUSINESS SEGMENTS
TABLE 92. STANNAH: PRODUCT PORTFOLIO
TABLE 93. STANNAH: SALES BY BUSINESS SEGMENTS (2021-2023)
TABLE 94. STANNAH: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)
TABLE 95. STANNAH: KEY STRATERGY

FIGURE 1. BARGAINING POWER OF SUPPLIERS
FIGURE 2. BARGAINING POWER OF BUYERS
FIGURE 3. DEGREE OF COMPETITION
FIGURE 4. THREAT OF SUBSTITUTE
FIGURE 5. THREAT OF NEW ENTRANTS
FIGURE 6. UK ELEVATOR MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)
FIGURE 7. PASSENGER ELEVATOR, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 8. FREIGHT ELEVATOR, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 9. OTHER ELEVATOR, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 10. UK ELEVATOR MARKET VALUE, BY TECHNOLOGY, 2023-2030, (MILLION USD)
FIGURE 11. TRACTION, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 12. MACHINE ROOM (MR) TRACTION, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 13. MACHINE ROOMLESSS (MRL) TRACTION, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 14. HYDRAULIC, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 15. UK ELEVATOR MARKET VALUE, BY SERVICE, 2023-2030, (MILLION USD)
FIGURE 16. NEW INSTALLATION, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 17. MAINTENANCE, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 18. MODERNIZATION, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 19. UK ELEVATOR MARKET VALUE, BY CAPACITY, 2023-2030, (MILLION USD)
FIGURE 20. LESS THAN 1500 KG, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 21. 1500 TO 2500 KG, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 22. 2501 TO 4000 KG, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 23. MORE THAN 4000 KG, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 24. UK ELEVATOR MARKET VALUE, BY DECK TYPE, 2023-2030, (MILLION USD)
FIGURE 25. SINGLE DECK, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 26. DOUBLE DECK, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 27. UK ELEVATOR MARKET VALUE, BY DESIGNATION CONTROL, 2023-2030, (MILLION USD)
FIGURE 28. SMART, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 29. CONVENTIONAL, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 30. UK ELEVATOR MARKET VALUE, BY DOOR TYPE, 2023-2030, (MILLION USD)
FIGURE 31. AUTOMATIC, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 32. MANUAL, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 33. UK ELEVATOR MARKET VALUE, BY OPERATION, 2023-2030, (MILLION USD)
FIGURE 34. LOW-RISE, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 35. MID-RISE, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 36. HIGH-RISE, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 37. UK ELEVATOR MARKET VALUE, BY APPLICATION, 2023-2030, (MILLION USD)
FIGURE 38. RESIDENTIAL, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 39. COMMERCIAL, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 40. INDUSTRIAL, MARKET VALUE, 2023-2030, (MILLION USD)
FIGURE 41. SCHINDLER: NET SALES, (2021-2023)
FIGURE 42. SCHINDLER: PRIMARY MARKET COMPETITORS
FIGURE 43. OTIS ELEVATOR COMPANY: NET SALES, (2021-2023)
FIGURE 44. OTIS ELEVATOR COMPANY: PRIMARY MARKET COMPETITORS
FIGURE 45. TK ELEVATOR (TKE): NET SALES, (2021-2023)
FIGURE 46. TK ELEVATOR (TKE): PRIMARY MARKET COMPETITORS
FIGURE 47. KONE CORPORATION: NET SALES, (2021-2023)
FIGURE 48. KONE CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 49. FUJITEC CO. LTD: NET SALES, (2021-2023)
FIGURE 50. FUJITEC CO. LTD: PRIMARY MARKET COMPETITORS
FIGURE 51. OMNI LIFT SERVICES LTD: NET SALES, (2021-2023)
FIGURE 52. OMNI LIFT SERVICES LTD: PRIMARY MARKET COMPETITORS
FIGURE 53. MITSUBISHI ELECTRIC CORPORATION: NET SALES, (2021-2023)
FIGURE 54. MITSUBISHI ELECTRIC CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 55. TOSHIBA CORPORATION: NET SALES, (2021-2023)
FIGURE 56. TOSHIBA CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 57. HOME ELEVATORS BY PVE: NET SALES, (2021-2023)
FIGURE 58. HOME ELEVATORS BY PVE: PRIMARY MARKET COMPETITORS
FIGURE 59. STANNAH: NET SALES, (2021-2023)
FIGURE 60. STANNAH: PRIMARY MARKET COMPETITORS

At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.

Research Landscape

We navigate the world of research with two primary approaches:

Qualitative Approach

Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.

Quantitative Research

In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.

Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.

Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.

Our Specialized Toolbox for Industry-Specific Market Research

We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:

Information Procurement

The stage entails acquiring market data or relevant information through various sources and methodologies.

Market Research Approach

We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.

Porters Five Forces Analysis

We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.

SWOT Analysis

We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.

Forecasting

We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.

Frequently Asked Questions

The key market players operating in the UK elevator market are Otis Elevator Company, KONE Corporation, Schindler Group, TK Elevator, Mitsubishi Electric Corporation, Lifton Home Lifts, Cibes Lift, Lifton Home Lifts, Stannah Lifts Holdings Ltd, Toshiba Elevator and Building Systems, Kleemann Lifts UK, Alimak Group, Aritco Lift AB, Orona Group, Gartec Lifts, and others

According to the Next Move Strategy Consulting, the size of the UK elevator market is estimated to be at USD 6397.47 million in 2030.

The challenges in the elevator industry include high costs, technological integration, safety regulations, environmental concerns, urbanization demands, and maintenance downtime.

According to the Next Move Strategy Consulting, the size of the UK elevator market is estimated at USD 3577.24 million in 2024.

Incorporating AI-driven predictive maintenance into elevators transforms procedures by forecasting maintenance requirements ahead of time through the analysis of sensor data.

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