United Kingdom: Market for Lifts, Elevators, Moving Stairways and Draglines 2025

Market Size for Lifts, Elevators, Moving Stairways and Draglines in the UK

The UK market for lifts, elevators, moving stairways and draglines rose sharply to $X in 2022, with an increase of 14% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Lifts, Elevators, Moving Stairways and Draglines in the UK

In value terms, lift, elevator, stairway and dragline production fell remarkably to $X in 2022 estimated in export price. Overall, production showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 57%. Lift, elevator, stairway and dragline production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from the UK

In 2022, the amount of lifts, elevators, moving stairways and draglines exported from the UK shrank dramatically to X units, waning by -15.2% on the previous year. Over the period under review, exports saw a slight descent. The growth pace was the most rapid in 2017 when exports increased by 66%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, lift, elevator, stairway and dragline exports contracted modestly to $X in 2022. In general, exports saw a pronounced setback. The pace of growth was the most pronounced in 2013 when exports increased by 17% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for lift, elevator, stairway and dragline exports from the UK, accounting for a 23% share of total exports. Moreover, lift, elevator, stairway and dragline exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X units), twofold. The United States (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+10.9% per year) and the United States (-6.5% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for lifts, elevators, moving stairways and draglines exports from the UK, comprising 26% of total exports. The second position in the ranking was held by Ireland ($X), with an 11% share of total exports. It was followed by the United States, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+8.0% per year) and the United States (-8.3% per year).

Export Prices by Country

The average export price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, growing by 14% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The pace of growth was the most pronounced in 2018 an increase of 24%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per unit) and Australia ($X per unit), while the average price for exports to the Philippines ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into the UK

For the third consecutive year, the UK recorded growth in supplies from abroad of lifts, elevators, moving stairways and draglines, which increased by 9.4% to X units in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, lift, elevator, stairway and dragline imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), China (X units) and Spain (X units) were the main suppliers of lift, elevator, stairway and dragline imports to the UK, with a combined 64% share of total imports. Italy, Sweden, the Netherlands, Greece, the United States, Finland and France lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lift, elevator, stairway and dragline suppliers to the UK were Germany ($X), China ($X) and Spain ($X), together comprising 61% of total imports. Italy, Sweden, the Netherlands, Greece, the United States, France and Finland lagged somewhat behind, together comprising a further 32%.

Among the main suppliers, Greece, with a CAGR of +25.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $X per unit, leveling off at the previous year. In general, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 7.1% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :