China elevator & escalator market was valued USD 26.25 Billion in 2019 and is expected to reach USD 33.38 Billion by 2025, in term of value. Growing urbanization, increasing infrastructure development and construction activities and surging adoption of technologically advanced elevators are some of the prominent factors driving the growth of China elevator & escalator market. The government has also enforced policies for elevator installation in old buildings and replacement of old elevators with new ones which in turn is positively influencing the growth of the market.

Additionally, growing aging population, development of high-rise commercial and residential buildings and demand for cost-effective elevators are drivers for the growth of China elevator & escalator market. Apart from that, Law on Safety of Special Equipment which came into force on January 1, 2014 is also leading to increasing demand for elevator & escalator in the country as this law holds property managers responsible for monitoring and fixing elevator problems.

China elevator & escalator market can be segmented based on type, service, elevator technology, elevator door, end user and region. Based on service, the market can be categorized into maintenance & repair, new installation and modernization. Among them, the new installation segment is poised to hold 71.23% market share during the forecast period on account of inclining mall culture in the country which is leading to construction of new malls at a faster pace.

Based on end user, China elevator & escalator market is split into residential, commercial, institutional, infrastructural and others. Among them, the residential sector is expected to dominate the market during the forecast period owing to rising development of high-rise residential buildings in the country as well as mandatory installation of elevators in old buildings.

Major companies operating in China elevator & escalator market include KONE Corporation, Hitachi Group, Otis Elevator Company (UTC), Mitsubishi Electric Corporation, Schindler Holding Ltd., Shanghai Mechanical & Electrical Group, thyssenkrupp AG and Canny Elevator Co., Ltd., among others. Furthermore, key growth strategies being adopted by leading market players are mergers & acquisitions, collaborations, partnerships and new product launches.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyse and forecast the market size of China Elevator & Escalator market.
  • To forecast China Elevator & Escalator market based on type, service, elevator technology, elevator door, end user, company and regional distribution.
  • To identify drivers and challenges for China Elevator & Escalator market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in China Elevator & Escalator market.
  • To identify and analyse the profile of leading players operating in the China Elevator & Escalator market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of elevator & escalator companies across China. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated China elevator & escalator market size using a bottom-up approach, where data for various end users and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.


Key Target Audience:

  • Escalators & elevator manufacturers/companies/partners
  • Suppliers and distributers
  • Government bodies such as regulating authorities and policy makers
  • Organizations, industry associations, forums and alliances related to elevator & escalator market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as escalator & elevator manufacturing companies and end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, China Elevator & Escalator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • China Elevator & Escalator Market, By Type:
    • Elevator
    • Escalator
    • Moving Walkways
  • China Elevator & Escalator Market, By Service:
    • Maintenance & Repair
    • New Installation
    • Modernization
  • China Elevator & Escalator Market, By Elevator Technology:
    • Traction
    • Hydraulic
    • Machine Room-Less Traction
  • China Elevator & Escalator Market, By Elevator Door Type:
    • Automatic
      Manual
  • China Elevator & Escalator Market, By End User:
    • Residential
    • Commercial
    • Institutional
    • Infrastructural
    • Others
  • China Elevator & Escalator Market, By Region:
    • East
    • North
    • North East
    • South Central
    • South West
    • North West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in China Elevator & Escalator market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on China Elevator & Escalator Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

5.4.  Annual Maintenance Service

6.    China Elevator & Escalator Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Elevator, Escalator and Moving Walkways)

6.2.1.1.         By Elevator Technology (Hydraulic, Traction and Machine Room-Less Traction)

6.2.1.2.         By Elevator Door Type (Automatic and Manual)

6.2.2.     By Service (Modernization and Maintenance & Repair, New Installation)

6.2.3.     By End User (Residential, Commercial, Institutional, Infrastructural and Others)

6.2.4.     By Region

6.2.5.     By Company (2020)

6.3.  Product Market Map

7.    China Modernization and Maintenance & Repair Elevator & Escalator Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By End User

8.    China New Installation Elevator & Escalator Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume (New Installations)

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By End User

9.    Market Dynamics

9.1.     Drivers/Opportunities

9.2.     Challenges/Restraints

10.  Trade Dynamics

11.  Value Chain Analysis

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  China Economic Profile

15.  Competitive Landscape

15.1.    Competition Outlook

15.2.    Company Profiles (Partial List of Leading Companies)

15.2.1.  KONE Corporation

15.2.1.1.      Company Overview

15.2.1.2.      Products & Services

15.2.1.3.      Financials (If available)

15.2.1.4.      Current & Future Strategy

15.2.1.5.      Key Management

15.2.1.6.      Contact Details

15.2.2.  Hitachi Group

15.2.3.  Otis Elevator Company (UTC)

15.2.4.  Mitsubishi Electric Corporation

15.2.5.  Schindler Holding Ltd.

15.2.6.  Shanghai Mechanical & Electrical Group

15.2.7.  thyssenkrupp AG

15.2.8.  Canny Elevator Co., Ltd.

16.  Strategic Recommendations

17.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

  • List of Figure

    Figure 1:               China Elevator & Escalator Market Size, By Value, 2015-2025F (USD Million)

    Figure 2:               China Elevator & Escalator Market Size, By Volume, 2015-2025F (Thousand Units)

    Figure 3:               China Industry Contribution to GDP, 2015-2019 (%)

    Figure 4:               China Gross Domestic Product Per Capita, 2015-2019 (Current USD)

    Figure 5:               China Construction Output Value, 2015-2019 (USD Trillion)

    Figure 6:               China Total Population Growth Rate, 2015-2019 (Billion)

    Figure 7:               China GDP, 2015-2019 (USD Trillion)

    Figure 8:               China GDP Growth Rate, 2015-2019 (%)

    Figure 9:               China Elevator & Escalator Market Share, By Type, By Value, 2015 - 2025F

    Figure 10:            China Elevator & Escalator Market Share, By Service, By Value, 2015 - 2025F

    Figure 11:            China Elevator & Escalator Market Share, By Elevator Technology, By Value, 2015 - 2025F

    Figure 12:            China Elevator & Escalator Market Share, By Elevator Door Type, By Value, 2015 - 2025F

    Figure 13:            China Elevator & Escalator Market Share, By End User, By Value, 2015 - 2025F

    Figure 14:            China Elevator & Escalator Market Share, By Region, By Value, 2015 - 2025F

    Figure 15:            China Elevator & Escalator Market Share, By Company, By Value, 2015 - 2025F

    Figure 16:            China Elevator & Escalator Market Map, By Type - Market Size (USD Million) & Growth Rate (%)

    Figure 17:            China Elevator & Escalator Market Map, By Service - Market Size (USD Million) & Growth Rate (%)

    Figure 18:            China Elevator & Escalator Market Map, By Elevator Technology - Market Size (USD Million) & Growth        Rate (%)

    Figure 19:            China Elevator & Escalator Market Map, By Elevator Door Type - Market Size (USD Million) & Growth Rate (%)

    Figure 20:            China Elevator & Escalator Market Map, By End-User - Market Size (USD Million) & Growth Rate (%)

    Figure 21:            China Maintenance & Repair Elevator & Escalator Market Size, By Value, 2015-2025F (USD Million)

    Figure 22:            China Maintenance & Repair Elevator & Escalator Market Size, By Volume, 2015-2025F (Thousand Units)

    Figure 23:            China Maintenance & Repair Elevator & Escalator Market Share, By Type, By Value, 2015 - 2025F               

    Figure 24:            China Maintenance & Repair Elevator & Escalator Market Share, By End User, By Value, 2015-2025F

    Figure 25:            China New Installation Elevator & Escalator Market Size, By Value, 2015-2025F (USD Million)      

    Figure 26:            China New Installation Elevator & Escalator Market Size, By Volume, 2015-2025F (Million Units)

    Figure 27:            China New Installation Elevator & Escalator Market Share, By Type, By Value, 2015 - 2025F           

    Figure 28:            China New Installation Elevator & Escalator Market Share, By End User, By Value, 2015-2025F     

    Figure 29:            China Modernization Elevator & Escalator Market Size, By Value, 2015-2025F (USD Million)         

    Figure 30:            China Modernization Elevator & Escalator Market Size, By Volume, 2015-2025F (Thousand Units)               

    Figure 31:            China Modernization Elevator & Escalator Market Share, By Type, By Value, 2015 - 2025F               

    Figure 32:            China Modernization Elevator & Escalator Market Share, By End User, By Value, 2015 - 2025F     

     

    List of Table

    Table 1: List of Upcoming Construction Projects in China, By Building Name, By City, By Height (Meter),

    By Number of Floors, By End-User, By Completion Year, As of 2019