China Elevator And Escalator Market (2019-2025) | Size, Growth, Revenue, Outlook, Share, Analysis, Trends, Value, Industry & Segmentation

Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization) And Competitive Landscape.

Product Code: ETC001513 Publication Date: May 2022 Updated Date: May 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

China Elevator And Escalator Market | Country-Wise Share and Competition Analysis

On the basis of value, Sweden was the leading importer of China Elevator and Escalator Market in 2021, followed by Japan. The country has registered a decline of -7.21% over the past few years, while Japan has registered a decline of 40.73%. Japan emerged as a major importer of the market in 2017, followed by Sweden. The graph given below demonstrates the growth of Sweden as a leading importer of elevator and escalator in China in the past few years and how the dominance of Japan changed from a leading importer to the second major importer. As per Herfindahl Hirschman Index (HHI), China possesses the Herfindahl index of 3721 in the year 2017 which shows high concentration. In 2021, the country registered a Herfindahl Index of 2766 also shows a high concentration in the market. Based on the graph, Sweden is likely to dominate the market as a major importer in the future.

China Elevator And Escalator Market - Country Wise Share and Competition Analysis

China Elevator And Escalator Market - Export Market Opportunities

The countries mentioned in this graph are the potential markets for China. The export opportunities for China in these countries will grow more with time. Higher the capability, the lesser the chance for export opportunities and the market size. The forecast attractiveness of the year 2027 is calculated on the basis of forecast GDP growth rates. The United States is the major potential market for China to export elevators and escalators, followed by the United Kingdom, France, and Australia. China Elevator And Escalator Market - Export Market Opportunities

Latest 2023 Developments of the China Elevator and Escalator Market

The China Elevator and Escalator Market is growing since the demand for elevators and escalators is rising in the country. The number of players in the market is growing, which is stimulating the progression of the market. Domestic players like Otis, Schindler, and KONE have dominated the market but they are still facing competition from local manufacturers like SJEC Corporation. There is also a rising focus on innovation in the China Elevator and Escalator Industry as players introduce new technologies in order to enhance efficiency as well as maintain safety standards. For instance, manufacturers in the country unveiled an elevator that has the potential to travel horizontally and vertically. Emphasis on safety regulations is another essential development of the sector. The sector will continue to progress more and more in the near future.

Topics Covered in the China Elevator and Escalator Market Report

The China Elevator and Escalator Market report thoroughly covers the market by types, applications, and services. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Mergers and Acquisitions:

  • Thyssenkrupp sold its elevator technology business to a confederation led by Cinven, Advent, and RAG Foundation (Feb 2020)

China Elevator and Escalator Market Synopsis

China Elevator and escalator market are largely characterized by the unique nature of a developing market reaching its saturation. The China elevator and escalator market are expected to witness steady growth over the coming years with the majority of growth being driven by development in tier 2 and 3 regions of Chengdu and Wuhan. China Elevator called Lift in British English is a type of transport equipment that can easily carry passengers and can simply freight between the multistory building. There is a modern elevator with an electric motor with a counterweight system of cables and sheaves. Elevators include escalators for the moving walkways. An escalator is a moving staircase used in different sectors such as buildings, and subways. According to the research elevator and escalator market will grow more in the upcoming years in the country. The demand going to increase in china for the elevator and escalator revenue also generated a lot in the market. 

According to 6Wresearch, China Elevator And Escalator Market size is projected to grow at a CAGR of 1.9% during 2019-2025. With the majority of the construction boom coming to an end in the major metro cities of China, the growth of the elevator and escalator market is expected to be driven by the development in the western China region and the implementation of policies such as the Go west strategy have already added to the economic prosperity of a region. Additionally, initiatives such as Belt Road are also likely to give a boost to the construction activities in the region. The surging population and growing urbanization coupled with increasing construction and infrastructure activities are driving the growth of the market. Additionally, growing investment in the residential and non-residential sectors is proliferating the China Elevator and  Escalator Market Share.

China Elevator and Escalator Market: Key Players

Some of the most prominent players that help effectively in the smooth functioning of the Elevator and Escalator Market in China are:

  • Otis Elevator Company
  • KONE Corporation
  • Schindler Group
  • Mitsubishi Electric Corporation
  • Thyssenkrupp AG
  • Toshiba Elevator & Building Systems Corp.

Market Analysis by Services

On the basis of services, the Chinese market will continue to witness the dominance of new installations and these will act as the major contributor to the revenue generation. However, the growth rate of the new installation market is expected to slow down over the coming years and is likely to be overtaken by the modernization and maintenance segment due to the majority of the installed base reaching its maturity point. Further, the increasing number of accidents has raised the demand for modernization and maintenance of these aging installed bases. China also saw the introduction of new safety regulations which is further anticipated to give a boost to the modernization and maintenance segment.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2015 to 2018.
  • Base Year: 2018.
  • Forecast Data until 2025.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • China Elevator and Escalator Market Overview
  • China Elevator and Escalator Market Outlook
  • China Elevator and Escalator Market Forecast
  • China Elevator and Escalator Market Size and Historical Data of China Elevator and Escalator Market Revenues & Volume for the Period 2015-2018
  • China Elevator and Escalator Market Forecast of Revenues & Volume until 2025
  • Historical data & Forecast of China Elevator and Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
  • Historical data & Forecast of China Elevator Market Revenues & Volume for the Period 2015-2025F
  • Historical data & Forecast of China Escalator Market Revenues & Volume for the Period 2015-2025F
  • Historical data & Forecast of China Elevator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
  • Historical data & Forecast of China Escalator Market Revenues, By Types, Applications, and Services for the Period 2015-2025F
  • Historical data & Forecast of China Elevator and Escalator Regional Market Revenues for the Period 2015-2025F
  • Market Drivers, Restraints, and Trends
  • China Elevator and Escalator Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • China Elevator and Escalator Market Opportunity Assessment
  • China Elevator and Escalator Market Share, By Players
  • China Elevator and Escalator Market Overview, By Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The China elevator and escalator market report provides a detailed analysis of the following market segments:

By Types

  • Elevator
    • Passenger
    • Cargo
    • Home
  • Escalator
    • Moving Stairs
    • Moving Walks

By Applications

  • Commercial
  • Residential
  • Industrial

By Services

  • New Installations
  • Maintenance
  • Modernization
China Elevator And Escalator Market: FAQs
The China elevator and escalator market are expected to witness steady growth over the coming years.
The surging population and growing urbanization coupled with increasing construction and infrastructure activities are driving the growth of the market. Additionally, growing investment in the residential and non-residential sectors is proliferating the China Elevator and Escalator Market Share.
Some prominent players in the market are Otis Elevator Company, KONE Corporation, Schindler Group, Mitsubishi Electric Corporation, Thyssenkrupp AG, and Toshiba Elevator & Building Systems Corp.
Segments that are covered in the market report are by types, applications, and services.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Report Description
2.2 Key Highlights
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 China Elevator and Escalator Market Overview
3.1 China Elevator & Escalator Market Revenues, 2015-2025F
3.2 China Elevator & Escalator Market - Industry Life Cycle
3.3 China Elevator & Escalator Market - Porter’s Five Forces
3.4 China Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F
3.5 China Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F
3.6 China Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F
4 China Elevator & Escalator Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 China Elevator & Escalator Market Trends
6 China Elevator Market Overview
6.1 China New Installation Elevator Market Revenues & Volume, 2015-2025F
6.1.1 China New Installation Elevator Market Revenue & Volume Share, By Elevator Types, 2018 & 2025F
6.1.1.1  China New Installation Elevator Market Revenues & Volume, By Elevator Types, 2015-2025F
6.2 China Elevator Services Market Revenues, 2015-2025F
6.2.1 China Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F
6.2.1.1 China Elevator Services Market Revenues, By Service Types, 2015-2025F
6.3 China Elevator Market Overview, By Applications, 2015-2025F
6.3.1 China Elevator Market Revenue Share, By Applications, 2018 & 2025F
6.3.1.1 China Elevator Market Revenues, By Applications, 2015-2025F
7 China Escalator Market Overview
7.1 China New Installation Escalator Market Revenues & Volume, 2015-2025F
7.1.1 China New Installation Escalator Market Revenue & Volume Share, By Escalator Types, 2018 & 2025F
7.1.1.1 China New Installation Escalator Market Revenues & Volume, By Escalator Types, 2015-2025F
7.2 China Escalator Services Market Revenues, 2015-2025F
7.2.1 China Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F
7.2.1.1 China Escalator Services Market Revenues, By Service Types, 2015-2025F
7.3 China Escalator Market Overview, By Applications, 2015-2025F
7.3.1 China Escalator Market Revenue Share, By Applications, 2018 & 2025F
7.3.1.1 China Escalator Market Revenues, By Applications, 2015-2025F
8 China Elevator & Escalator Market Overview, By Applications
8.1 China Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F
8.2 China Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F
8.3 China Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F
9 China Elevator & Escalator Market Key Performance Indicators
10 China Elevator & Escalator Market Opportunity Assessment
10.1 China Elevator & Escalator Market Opportunity Assessment, By Types, 2025F
10.2 China Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F
11 China Elevator & Escalator Market Competitive Landscape
11.1 China Elevator & Escalator Market Competitive Benchmarking, By Product Types
11.2 China Elevator & Escalator Market Revenue Share, By Company, 2018
12 Company Profiles
13 Key Strategic Recommendations
14 Disclaimer
 LIST OF FIGURES
 Figure 1. China Elevator & Escalator Market Revenues, 2015-2025F ($ Million)
 Figure 2. China Elevator & Escalator Market - Industry Life Cycle
 Figure 3. China Elevator & Escalator Market Revenue Share, By Types, 2018 & 2025F
 Figure 4. China Elevator & Escalator Market Revenue Share, By Product Types, 2018 & 2025F
 Figure 5. China Elevator & Escalator Market Revenue Share, By Applications, 2018 & 2025F 
 Figure 6. China New Installation Elevator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units)
 Figure 7. China New Installation Elevator Market Revenue Share, By Elevator Types, 2018 & 2025F
 Figure 8. China New Installation Elevator Market Volume Share, By Elevator Types, 2018 & 2025F
 Figure 9. China Elevator Services Market Revenues, 2015-2025F ($ Million) 
 Figure 10. China Elevator Services Market Revenue Share, By Service Types, 2018 & 2025F
 Figure 11. China Elevator Market Revenue Share, By Applications, 2018 & 2025F
 Figure 12. China New Installation Escalator Market Revenues & Volume, 2015-2025F ($ Million, Thousand Units)
 Figure 13. China New Installation Escalator Market Revenue Share, By Escalator Types, 2018 & 2025F
 Figure 14. China New Installation Escalator Market Volume Share, By Escalator Types, 2018 & 2025F
 Figure 15. China Escalator Services Market Revenues, 2015-2025F ($ Million)
 Figure 16. China Escalator Services Market Revenue Share, By Service Types, 2018 & 2025F  
 Figure 17. China Escalator Market Revenue Share, By Applications, 2018 & 2025F 
 Figure 18. China Elevator & Escalator Market Revenues, By Residential Application, 2015-2025F ($ Million)
 Figure 19. China Elevator & Escalator Market Revenues, By Commercial Application, 2015-2025F ($ Million)
 Figure 20. China Elevator & Escalator Market Revenues, By Industrial Application, 2015-2025F  ($ Million)
 Figure 21. China Elevator & Escalator Market Opportunity Assessment, By Types, 2025F
 Figure 22. China Elevator & Escalator Market Opportunity Assessment, By Applications, 2025F
 LIST OF TABLES
 Table 1. China New Installation Elevator Market Revenues, By Elevator Types ($ Million)
 Table 2. China New Installation Elevator Market Volume, By Elevator Types (Thousand Units)
 Table 3. China Elevator Services Market Revenues, By Service Types ($ Million)
 Table 4. China Elevator Market Revenues, By Applications, 2015-2025F, ($ Million)
 Table 5. China New Installation Escalator Market Revenues, By Escalator Types ($ Million)
 Table 6. China New Installation Escalator Market Volume, By Escalator Types (Thousand Units)
 Table 7. China Escalator Services Market Revenues, By Service Types ($ Million)
 Table 8. China Escalator Market Revenues, By Applications, 2015-2025F, ($ Million)

Azerbaijan Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), By Regions (Eastern Region & Western Region) and Competitive Landscape.

Georgia Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), By Regions (Eastern Region & Western Region) and Competitive Landscape.

Indonesia Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), By Regions (Sumatra, Kalimantan, Sulawesi & Papua) and Competitive Landscape.

Thailand Elevator & Escalator Market (2019-2025): Market Forecast By Types (Elevator(Passenger, Cargo & Home), Escalator (Moving Stairs & Moving Walkways), By Applications (Residential, Commercial & Industrial), By Services (New Installation, Modernization, and Maintenance), By Regions (Northern Region, North Eastern Region, Central Region, Bangkok, Vicinity and Southern Region) and Competitive Landscape.

Canada Elevator And Escalator Market (2019-2025): Market Report By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks)), By Applications (Commercial, Residential, Industrial), By Services (Maintenance, Modernization) And Competitive Landscape.

US Elevator And Escalator Market (2019-2025): Market Report By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks)), By Applications (Commercial, Residential, Industrial), By Services (Maintenance, Modernization) And Competitive Landscape.

Global Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

Eastern Europe Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

France Elevator And Escalator Market (2019-2025): Market Forecast By Types (Elevator (Passenger, Cargo, Home), Escalator (Moving Stairs, Moving Walks), By Applications (Commercial, Residential, Industrial), By Services (New Installations, Maintenance, Modernization), By Regions (Asia Pacific, Middle East, North America, Latin America, Europe, Africa) And Competitive Landscape.

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