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Overview of elevator industry development

Sicher Elevator Co.,Ltd | Updated: Feb 06, 2018

Our country has become the veritable elevator production and marketing and the largest country, the world's leading elevator famous enterprises have established a sole proprietorship or joint venture in China. Look from the industry layout, the domestic elevator industry cluster effect, the elevator machine and parts manufacturing base mainly concentrated in the Yangtze river delta, the pearl river delta and the beijing-tianjin-hebei region, except for a few high-end elevators at present, the rest of the elevator components has been basically achieved localization.

With the continuous development of the national economy, China's elevator production and sales have maintained a high growth momentum. According to the China elevator association, the production of elevators in China increased from 72,000 in 2003 to 472,000 in 2012, with a compound annual growth rate of 23.31%.

At present, although China has become the most important production base and consumer market of the global elevator, there is still a wide gap between the level of elevator popularization in China and the level of developed countries in Europe and America. According to the data of China merchants securities institute, in the end of 2011, there were about 700 elevators per person in China, near the world average, but still well below the level of 100-200 people in developed countries.

Based on the principles of conservatism, according to the elevator in the developed countries, per capita ownership 200 / sets minimum standards for calculation, the saturation ownership of the elevator market in China is about 7 million, compared with 2012 about 2.45 million sets of domestic elevator ownership (source: China merchants securities research institute), China's elevator market will still be about 4.5 million units of space to grow up. In the future, in the growth of the commercial real estate, urban infrastructure construction, housing construction, old elevator update and old building renovation, jointly promote the development of export market factors, elevator production in China will continue to maintain rapid growth momentum.

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