Analysis of the development of China's elevator industry

2019-05-09  From: Xi'an Husheng Mechanical-Electronic Co., Ltd. Browsing times:170


China is not only the largest elevator market in the world, but also the world's strongest elevator production capacity, becoming the world's factory and manufacturing center in the elevator field.

 

Despite the rapid growth in elevator production, it is not enough for the market demand. The market capacity of the elevator industry is closely related to the investment in social fixed assets such as buildings and infrastructure, as well as the improvement of the quality of life in society.

 

Till the end of 2017, the number of elevators in use in China was 917,313 units, about 1/10 of the total number of elevators in the world. One-fifth of the world's population uses 1/10 elevators, and China's per capita elevator usage is half of the world average. Compared with developed countries, it is only 1/10 - 1/20.

 

In the long run, if the world average can be reached in the future, the total number of elevators in China should be around 1.5 million units, which means that the total number of elevators will be double. If so, and the average life expectancy of elevators is 20 years, there will be 75,000 units of demand per year.

Despite the slowdown in economic growth and the impact of real estate regulation, the elevator industry has slowed down in recent years. However, with the promotion of new urbanization, the construction of civilian housing, commercial facilities and public infrastructure will bring a new increase demand, it is expected that the elevator industry will maintain a certain growth in the future.



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Keywords: elevator   elevator parts   lift   lift parts  

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