United Kingdom Elevators and Escalators Market, Competition, Forecast & Opportunities, 2026 - ResearchAndMarkets.com
The United Kingdom Elevators and Escalators Market stood at USD 3168.47 million in 2020 and is forecast to grow at a CAGR of over 6.14% until 2026.
- The United Kingdom Elevators and Escalators Market stood at USD 3168.47 million in 2020 and is forecast to grow at a CAGR of over 6.14% until 2026.
- Growth in the United Kingdom Elevators and Escalators Market is driven by their widespread usage in residential, commercial, and industrial areas, including shopping malls, railway and metro stations, hotels, airports, public buildings, high-rise apartments, etc.
- The market has been primarily swayed by rapid urbanization, substantial evolution of architecture and increased government initiatives for construction sector.
- The high demand for escalators is backed by the increase in the demand for better traffic management spaces and updated government standards for smart infrastructure.