| Product Code: ETC6742282 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
China elevator motor import market in 2024 saw the highest shipments coming from top exporting countries such as Japan, Germany, South Korea, Singapore, and Switzerland. Despite the diversity of sources, the market maintained low concentration with a Herfindahl-Hirschman Index (HHI) indicating a competitive landscape. However, the market experienced a negative Compound Annual Growth Rate (CAGR) of -5.12% from 2020 to 2024, with a further decline in growth rate of -6.75% from 2023 to 2024, suggesting a challenging environment for elevator motor imports in China.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 China Elevator Motors Market Overview |
3.1 China Country Macro Economic Indicators |
3.2 China Elevator Motors Market Revenues & Volume, 2021 & 2031F |
3.3 China Elevator Motors Market - Industry Life Cycle |
3.4 China Elevator Motors Market - Porter's Five Forces |
3.5 China Elevator Motors Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.6 China Elevator Motors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 China Elevator Motors Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 China Elevator Motors Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 China Elevator Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Rapid urbanization and infrastructure development in China leading to increased demand for elevators. |
4.2.2 Technological advancements in elevator motors, such as energy efficiency and IoT integration, driving market growth. |
4.2.3 Government initiatives and regulations promoting the use of energy-efficient elevator motors in buildings. |
4.3 Market Restraints |
4.3.1 Intense competition among elevator motor manufacturers leading to pricing pressures. |
4.3.2 Challenges related to supply chain disruptions and raw material availability impacting production. |
4.3.3 Economic fluctuations and market uncertainties affecting investments in new elevator installations. |
5 China Elevator Motors Market Trends |
6 China Elevator Motors Market, By Types |
6.1 China Elevator Motors Market, By Category |
6.1.1 Overview and Analysis |
6.1.2 China Elevator Motors Market Revenues & Volume, By Category, 2021- 2031F |
6.1.3 China Elevator Motors Market Revenues & Volume, By AC Motors, 2021- 2031F |
6.1.4 China Elevator Motors Market Revenues & Volume, By DC Motors, 2021- 2031F |
6.2 China Elevator Motors Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 China Elevator Motors Market Revenues & Volume, By Geared Traction Motors, 2021- 2031F |
6.2.3 China Elevator Motors Market Revenues & Volume, By Gearless Traction Motors, 2021- 2031F |
6.3 China Elevator Motors Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 China Elevator Motors Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.3 China Elevator Motors Market Revenues & Volume, By Commercial, 2021- 2031F |
6.4 China Elevator Motors Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 China Elevator Motors Market Revenues & Volume, By Online, 2021- 2031F |
6.4.3 China Elevator Motors Market Revenues & Volume, By Offline, 2021- 2031F |
6.4.4 China Elevator Motors Market Revenues & Volume, By Direct Sales, 2021- 2031F |
6.4.5 China Elevator Motors Market Revenues & Volume, By Indirect Sales, 2021- 2031F |
7 China Elevator Motors Market Import-Export Trade Statistics |
7.1 China Elevator Motors Market Export to Major Countries |
7.2 China Elevator Motors Market Imports from Major Countries |
8 China Elevator Motors Market Key Performance Indicators |
8.1 Adoption rate of energy-efficient elevator motors in new constructions. |
8.2 Number of new high-rise buildings and commercial complexes under construction. |
8.3 Rate of technological innovation and patents filed for elevator motor designs. |
8.4 Average age of elevator motors in existing buildings. |
8.5 Energy consumption savings achieved through the use of modern elevator motors. |
9 China Elevator Motors Market - Opportunity Assessment |
9.1 China Elevator Motors Market Opportunity Assessment, By Category, 2021 & 2031F |
9.2 China Elevator Motors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 China Elevator Motors Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 China Elevator Motors Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 China Elevator Motors Market - Competitive Landscape |
10.1 China Elevator Motors Market Revenue Share, By Companies, 2024 |
10.2 China Elevator Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here