China Elevator Manufacturer Development Trend 2022


With the global population growth, accelerated urbanization, and people's demand for a convenient life, elevators have now become an indispensable part of people's lives, and also one of the essential construction equipment in the urbanization construction of modern society. The manufacturing volume and demand for elevators are also increasing, and the upper production technology of Chinese elevator manufacturers is gradually catching up with the world's top enterprises and grabbing more markets.


Current situation of China's elevator industry development

  • China has become the largest elevator market in the world

    Due to the uneven regional economic and social development, more than half of the elevators in use are located in Europe and America, while more than half of the newly installed elevators are in the Asia-Pacific region, and China, located in the Asia-Pacific region, has become the world's largest elevator producer and consumer.

    In recent years, with the improvement of China's economic level, the promotion of urbanization, and the improvement of people's quality of life, China's elevator industry has been showing a continuous development trend. According to the statistics of the China Elevator Association, China's elevator industry has always maintained a relatively fast growth rate since 2000. More domestic elevators and fewer imported elevators

    Driven by the continuous development of urbanization, infrastructure investment and construction, and the addition of elevators to old buildings, the output of the elevator industry has gradually increased. According to the statistics of the National Bureau of Statistics, the output of elevators, escalators, and lifts in China reached 1.173 million units in 2019, up 63.1% year-on-year. in 2020, the national output of elevators, escalators, and lifts was 1.282 million units, with a cumulative growth of 7.9%.

    China's elevator production accounts for more than half of the total global production. From the supply of elevator imports in China, from 2017 to 2019, the number of elevator imports in China shows fluctuating changes, and the total amount shows fluctuating decreasing changes. in 2019, the total amount of elevator imports in China reaches 751 million yuan, with a total of 2,578 elevators imported. in 2020, the total amount of elevator imports in China is 600 million yuan, with a total of 2,520 elevators imported.

  • China's elevator market still has great potential

    In recent years, China's elevator industry has developed rapidly. The products of domestic elevator enterprises are almost synchronized with foreign big enterprises in technology, performance, and quality, and have obvious advantages compared with imported elevators. China's elevator industry will become a global elevator manufacturing center like the textile, garment, electronics, and computer industries, further absorbing elevator production capacity from other parts of the world.

    With China's continuous rapid economic growth, rapid urbanization, improvement of people's living standards, and aging population, China's elevator industry is also developing rapidly. Therefore, it is expected that China's elevator production will continue to grow at a high rate in the future, and by 2026, the new incremental volume of elevators in China will reach 2.3 million units.

    Matching with the rapid growth of elevator production and sales, China's elevator ownership continues to increase, and there is huge space for the future elevator renewal market and after-sales service market. According to the data of the State Administration of Market Supervision and Administration, as of the end of 2019, there were 7,097,500 units of special equipment elevators registered in use in the country, ranking first in the world. The huge number of elevator owners will bring great development space for the elevator maintenance market and the renewal market.


  • Chinese and foreign enterprises fully compete in the domestic market

    There are many enterprises in the domestic elevator industry, mainly including foreign elevator enterprises and local elevator enterprises. According to the statistics of the China Elevator Association, as of 2015, foreign brands accounted for 54% of the domestic market share and domestic elevator brands accounted for 46% of the market share, among which the proportion of elevators made in China is getting higher and higher. The manufacturing of complete elevator machines and parts in China is basically concentrated in the Yangtze River Delta and Pearl River Delta regions, among which the total volume of elevator production in the Yangtze River Delta region accounts for more than 60% of the country, with a large number of complete machine and parts enterprises, forming an industrial cluster of elevators, escalators, and parts.

    After years of development, the elevator machine industry has evolved from a foreign monopoly to a state of full competition between Chinese and foreign enterprises, and the profit level of the industry has also changed from the original monopoly profit to the present profit of a fully competitive market. Foreign brand elevator enterprises have strong profitability by virtue of their brand and technical advantages.

    In recent years, the technical strength of China's national elevator enterprises has been increasing, the production scale has been expanding, and the competitiveness in the field of medium and low-speed elevators and escalators has been strengthened with the advantage of product cost performance, and the profit level has been enhanced. In the future, with the increasingly fierce competition in the market, some small and medium-sized elevator manufacturers will be gradually eliminated from the market because they do not have cost scale and technical advantages, while national elevator manufacturers with their own brands and a certain market position will be better developed and their market share will be further improved.


Intelligent manufacturing indicates the direction for the development of elevator enterprises

As special equipment with electromechanical integration, elevator products are the centralized embodiment of mechanical devices, electric drive, and computer control. The core technology of the elevator machine is concentrated in the drive technology and control technology, and the symbol of the renewal of elevator products is also the upgrade of these key technologies.

At present, the technical level of the elevator machine of China's major elevator enterprises is close to the world's advanced level, and the gap between Chinese brands and foreign brands is mainly concentrated in the high-end products of the vertical elevator, but they have gradually caught up in terms of technical level.

On the one hand, in the process of elevator manufacturing, elevator enterprises need to realize intelligent transformation, promote the upgrading of elevator manufacturing technology, realize the upgrading of existing production equipment and technology, and actively explore the construction of intelligent factories in the field of elevators, so that elevator products can get more space for development in the field of automation and intelligent equipment.

On the other hand, the level of intelligence of elevators determines the quality of elevator products and services and is also the key to the progress of the industry. Elevator enterprises should increase the investment in the field of intelligence and high-end technology as well as the mastery of core technology in order to continuously upgrade the intelligence level of the elevator systems, realize the intelligence of products, production, management, and service, so as to realize the transformation and upgrading of enterprises and enhance the competitiveness of the industry and the status of national elevator brands.


Internet of Things realizes intelligent elevator safety supervision

With the increase of elevator ownership, higher requirements for elevator safety supervision have been put forward. In the face of the huge number of elevators, how to reduce the rate of elevator safety accidents has become a problem that regulators, elevator enterprises, and users need to solve.

The combination of IoT technology and elevator system can effectively solve the problem of elevator safety monitoring and reflect the development direction of China's elevator industry technology intelligence. The application of IoT technology in the elevator field will play an important role in creating an elevator information system, realizing intelligent elevator safety supervision, and promoting the development of the elevator industry. It can enable the effective exchange of information and data among elevator machine enterprises, quality supervision departments, maintenance enterprises, accessory enterprises, property enterprises, elevator passengers, and real estate enterprises, so as to realize intelligent management of elevators and guarantee the reliability of elevator operation.

On the one hand, once a fault occurs in the elevator, it can be found in time, and the cause of the fault can be analyzed by using a large amount of elevator operation data to improve the maintenance efficiency; on the other hand, the key information can be monitored in real-time during the operation of the elevator, and if certain parameters are abnormal, it can be maintained and handled in advance to avoid the occurrence of elevator faults, which effectively improves the safety of the elevator and protects the safety of passengers. Therefore, elevator IoT has become a new profit point for safety maintenance of many enterprises, and more and more manufacturers will introduce IoT technology into the elevator system, which is also one of the main development directions of the future elevator after-market.



The continuous catching up of Chinese elevator manufacturers in technology and the continued growth of market demand have created a good development environment for Chinese elevator manufacturers. With the absolute advantage in price, Chinese elevator manufacturers are continuously competing for the global market. If you are looking for the right elevator manufacturer and supplier to source from, then a Chinese elevator manufacturer would be an excellent choice.

If you are interested, you can contact us to get more information about elevators.

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