U.K. Equipment As A Service Market Size & Outlook, 2024-2030
Global Market
Related Markets
UK equipment as a service market highlights
- The UK equipment as a service market generated a revenue of USD 118.2 million in 2023 and is expected to reach USD 2,569.4 million by 2030.
- The UK market is expected to grow at a CAGR of 56.6% from 2024 to 2030.
- In terms of segment, cnc machines was the largest revenue generating equipment in 2023.
- CNC machines is the most lucrative equipment segment registering the fastest growth during the forecast period.
Equipment as a service market data book summary
| Market revenue in 2023 | USD 118.2 million |
| Market revenue in 2030 | USD 2,569.4 million |
| Growth rate | 56.6% (CAGR from 2024 to 2030) |
| Largest segment | Cnc machines |
| Fastest growing segment | CNC machines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Compressor, Pump, Power Tools, Ground Power Units, Laser cutting machines, Printing Machines, CNC machines, Material handling system, Packaging Machine, Excavators, Cranes, Turning and milling machines |
| Key market players worldwide | Atlas Copco AB ADR, Heidelberger Druckmaschinen AG, Desktop Metal Inc Ordinary Shares - Class A, Siemens AG, Dmg Mori Co Ltd, Hilti Group, Metso Corp, TRUMPF, Kaeser Kompressoren, SMS Group, Arnold Machine Inc., Uteco Converting, Volvo AB Class B, Maschinenfabrik HEID, Sk Laser, Tamturbo |
Other key industry trends
- In terms of revenue, UK accounted for 7.8% of the global equipment as a service market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany equipment as a service market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,569.4 million by 2030.
The utilization of equipment as a service enables companies in the UK to access different types of machinery without any upfront capital investments. This increased access to different types of machinery can help them enhance their production efficiency at a low cost.
Moreover, technological advancements taking place across different industries in the country are expected to encourage the use of equipment as a service in the UK in the coming years. Technological advancements in the form of IoT, data analytics, and artificial intelligence are expected to surge the implementation of equipment as a service in the country during the forecast period.
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Equipment As A Service Market Scope
Equipment As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Hilti Group | View profile | 10001+ | Schaan, Schaan, Liechtenstein, Europe | www.hilti.group/content/hilti/CP/XX/en.html |
| Atlas Copco AB ADR | View profile | 53,728 | Sickla Industrivag 19, Nacka, Stockholm, Sweden, SE-105 23 | www.atlascopcogroup.com |
| Heidelberger Druckmaschinen AG | View profile | 9,565 | Kurfursten-Anlage 52-60, Heidelberg, BW, Germany, 69115 | www.heidelberg.com |
| Metso Corp | View profile | 17,121 | Rauhalanpuisto 9, Helsinki, Finland, 02330 | www.metso.com |
| Desktop Metal Inc Ordinary Shares - Class A | View profile | 950 | 63 3rd Avenue, Burlington, MA, United States, 01803 | www.desktopmetal.com |
| Dmg Mori Co Ltd | View profile | 13,484 | 2-35-16 Meieki, Nakamura-ku, Aichi, Nagoya City, Japan, 450-0002 | www.dmgmori.co.jp |
| TRUMPF | View profile | 1001-5000 | Ditzingen, Baden-Wurttemberg, Germany, Europe | www.trumpf.com/de_DE/ |
| Kaeser Kompressoren | View profile | 5001-10000 | Coburg, Bayern, Germany, Europe | www.kaeser.com/ |
| SMS Group | View profile | 10001+ | Düsseldorf, Nordrhein-Westfalen, Germany, Europe | www.sms-group.com/ |
U.K. Equipment As A Service Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Equipment As A Service Market Outlook will help companies and investors design strategic landscapes.
Cnc Machines was the largest segment with a revenue share of 23.18% in 2023.
Horizon Databook has segmented the U.K. equipment as a service market based on air compressor, pump, power tools, ground power units, laser cutting machines, printing machines, cnc machines, material handling system, packaging machine, excavators, cranes, turning and milling machines covering the revenue growth of each sub-segment from 2018 to 2030.
The utilization of equipment as a service enables companies in the UK to access different types of machinery without any upfront capital investments. This increased access to different types of machinery can help them enhance their production efficiency at a low cost.
Moreover, technological advancements taking place across different industries in the country are expected to encourage the use of equipment as a service in the UK in the coming years. Technological advancements in the form of IoT, data analytics, and artificial intelligence are expected to surge the implementation of equipment as a service in the country during the forecast period.
- U.K. Equipment As A Service Market Equipment Outlook (Revenue, USD Million , 2018-2030)
- Air Compressor
- Pump
- Power Tools
- Ground Power Units
- laser cutting machines
- Printing Machines
- CNC machines
- Material handling system
- Packaging Machine
- Excavators
- Cranes
- Turning and milling machines
- U.K. Equipment As A Service Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Construction
- Material Handling
- Mining
- Manufactruing
- Packaging
- U.K. Equipment As A Service Market Financing Models Outlook (Revenue, USD Million , 2018-2030)
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Horizon Databook provides a detailed overview of country-level data and insights on the U.K. Equipment As A Service Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Equipment As A Service Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.K. Equipment As A Service Market, 2018-2030 (US$M)
UK equipment as a service market statistics, by equipment, 2018-2030 (US$M)
