Elevator industry in China
At present, China has become the world's largest elevator market in terms of production and consumption. Major global brands have established sole proprietorships or joint ventures in China which acts as the world's elevator factory and manufacturing center.
The maintenance market turned to be a new profit growth engine, so that major companies intensified layoutBased on the elevator stock market, the elevator maintenancebusiness is featured with high margin and huge market space. By the end of 2015, China had owned a total of 4 million elevators. Assuming the unit maintenance is RMB8,000 / year, Chinese elevator maintenance market size will be RMB32 billion.
In 2015, China exported 74,101 passenger elevators, escalators and moving walkways, increasing by 5,191 units from a year ago; the export value jumped 8% year on year to USD2.1202 billion.
In 2017-2020, the sales volume may rebound under the impetus of urbanization, aging population, fast-growing urban rail transit, gradual enforcement of elevator installation policies as well as an increasing number of old elevators to be replaced. By 2020, the sales volume is expected to reach 650,000, the elevator ownership 5.9 million, and the maintenance market size RMB47.2 billion.
Overview of China elevator industry, embracing new elevator market, maintenance market, development trend and competitive landscape between major companies;Demand of China elevator industry, covering demand structure and main influencing factors;Operation, elevator business, output, sales volume, major projects and major customers of 10 domestic elevator companies; operation, elevator business and development in China of seven foreign elevator companies.
