DUBLIN, May 13, 2022 /PRNewswire/ — The “UK Elevators and Escalators – Market Size & Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The UK elevators and escalators market is expected to grow at a CAGR of 4.7% during the forecast period. The UK stands seventh amongst all the European countries in terms of installed base with Spain being top market. The great majority of UK cities, including several very prosperous regions with dense populations, nonetheless have a very low Elevator & Escalator density ratio. As a result, the regions provide opportunities for the country’s general density expansion. In the UK, little over 80% of housing is classified as urban, while 19% is classified as rural. This varies by country, with Wales and Northern Ireland having the most rural areas.
The report considers the present scenario of the UK elevators & escalators market and market dynamics for 2022-2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the UK elevators & escalators market.
KEY HIGHLIGHTS IN THE REPORT
- According to the World Economic Forum, more than 500 smart cities are being built around the UK. For instance, the Cloud Valley project launched in April 2021 with a 13 million square feet area that uses Wi-Fi-connected devices and sensors to gather data on everything from people’s food habits to pollution.
- In the UK, little over 80% of housing is classified as urban, …