UK Equipment As A Service Market Size & Outlook, 2023-2030
UK equipment as a service market, 2018-2030 (US$M)
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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 55.2% from 2024 to 2030.
- In terms of segment, laser cutting 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 | 55.2% (CAGR from 2023 to 2030) |
| Largest segment | Laser cutting 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.
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Equipment As A Service Market Scope
Equipment As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 will help companies and investors design strategic landscapes.
Laser cutting machines was the largest segment with a revenue share of 15.65% in 2023. Horizon Databook has segmented the UK 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.
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Target buyers of UK equipment as a service market databook
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Our clientele includes a mix of equipment as a service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK equipment as a service market , including forecasts for subscribers. This country databook contains high-level insights into UK equipment as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK equipment as a service market size, by equipment, 2018-2030 (US$M)
UK Equipment As A Service Market Outlook Share, 2023 & 2030 (US$M)
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