Albany, NY -- (SBWIRE) -- 07/15/2016 -- Elevators and escalators are positioned in buildings for efficient movement of people and goods within a building's premises. They are installed in residential buildings and commercial buildings such as IT parks, hotels, restaurants, and retail outlets. They are also installed in public places to improve vehicle parking management.

The elevator and escalator market in the UK to grow at a CAGR of 6.08% in terms of new installed units during 2014-2019. In this report, Technavio includes the present scenario and growth prospects of the elevator and escalator market in the UK for 2015-2019. To calculate the market size, we consider the number of new elevator and escalator units installed in the country during the forecast period.

The report also presents the vendor landscape and a corresponding detailed analysis of the four key vendors in the market, and a brief description on the other prominent vendors. In addition, the report discusses the major drivers that influence the growth of the elevator and escalator market in the UK, outlines the challenges faced by the vendors and the market at large, and highlights the key trends in the market.

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Key customer segments
- Commercial customers
- Non-commercial customers

Key vendors
- Fujitec UK
- KONE GB
- Otis UK and Ireland
- Schindler UK
- ThyssenKrupp Elevator UK

Other prominent vendors
- Mitsubishi Electric Europe
- Stannah Lifts
- Titan Elevators
- UKLE

Market driver
- Boom in high-rise construction
- For a full, detailed list, view our report

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Key questions answered in this report:-

- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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