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China Elevator Market Report, 2005-2006 (Chinese Version)

Research In China, Oct 2006, Pages: 130


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Currently, China has become the largest elevator market in the world. Since 1980s, along with the rapid development of economic construction, the demand for elevators in China increases accordingly. The general demand trend for elevators is ascending, but it also swung up and down in these 20 years. And now the elevator market has entered 'The Third Tide'. In 2004, the total output of elevators has reached 80,000 sets with an increasing trend. Since the founding of the People's Republic of China in 1949, about 610,000 elevators have been installed. However, the elevator market is still far from saturation. Nowadays, China still needs another 700,000 sets to achieve the world's average level. By then, the number of elevators in China will reach 1.3 million sets with upgraded elevators of 60,000 sets every year. Therefore, such a huge market demand provides a wide stage for China's elevator industry.

The booming elevator market attracts all the famous elevator companies in the world. 13 large-scale solely foreign-funded enterprises, such as USA Otis, Switzerland Schindler, Finland Kone, Germany Thyssen, Japan Mitsubishi, Hitachi, Toshiba, Fujitec etc., have occupied about 74% of the market share in China. Although some excellent domestic elevator manufacturers, such as Suzhou Jiangnan, Shandong Best, Zhejiang Giant and Dongnan Hydraulic Elevator etc, may have the possibility to be extruded out of the market, the advanced technology and management of those foreign companies promote the development of domestic manufacturers. With strong production ability, the elevator industry in China can manufacture almost all the elevator products needed in domestic market, replacing most of the imported ones.

Now the elevator industry structure is improving. While the large foreign elevator companies are entering Chinese market, some excellent elevator accessory companies like Germany Wittler, Spain Sevilla have also established joint ventures in China, and some domestic accessory manufacturers developed rapidly such as Ningbo Xinda, Ningbo Shenling, Zhangjiagang Runfa, Shanghai Step and Shenyang Bluelight. At present, more and more elevator manufactures notice the importance of installation and maintenance; therefore, the duplicated construction for expanding production ability reduced, by contrary, the service network close to customers increased. This change improves the reliability of elevator usage, shorten the distance between enterprises and users and also establish the basis for enterprises' long-term development.

Nowadays, the technical level and product quality of domestic elevators are improving steadily. Since China entered ISO/TC 178, the international organization for standardization, in 1985, the elevator industry in China successively adopted by equation or adopted by equivalent a series international standards and developed countries' standards. These high standards made the domestic elevator market own technical advantage. Due to these standards, some domestic manufacturers can master the latest technology to produce products, such as machine-roomless elevator, gearless driving machine, remote control technique etc. The domestic elevator has won more and more customers with high quality and low cost, creating advantages to enter international market gradually.

China's entry into WTO dedicates that in this economic globalization period, all the members should eliminate discrimination barriers to trade, observe the same rules, provide customers right to freedom of choice and chance of fair competition. We should know that the entry into WTO provides convenience for elevator import and export. Because basically the large elevator companies in the world have established production bases in China, the exportation of elevator will have a promising future.



This title is also available in the following language

China Elevator Market Report, 2005-2006 (English Version)



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