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Strategic Assessment of the Elevator and Escalator Market in China 2015-2019

Strategic Assessment of the Elevator and Escalator Market in China 2015-2019

About elevators and escalators

Elevators and escalators are installed in commercial, residential, and mixed-use buildings; as well as IT parks, hotels, restaurants, and retail outlets. They help move people and goods easily and efficiently. They are also installed in parking areas to help in optimum utilization of parking space.

Technavio's analysts forecast the elevator and escalator market in China to grow at a CAGR of 14.04% in terms of volume during 2014-2020.

Covered in this report

This report covers the present scenario and the growth prospects of the elevator and escalator market in China for 2015-2020. To calculate the market size, the report considers revenue generated from the installation of new units, and maintenance and modernization of existing elevators and escalators in China. The report also presents the vendor landscape and a corresponding detailed analysis of four key vendors and a brief description of other prominent vendors operating in the market. It also discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.Key customer segments

  • Commercial customers
  • Non-commercial customers
Key vendors
  • Kone
  • Otis
  • Schindler
  • ThyssenKrupp
Other prominent vendors
  • Canny Elevator
  • Fujitec
  • Hitachi
Market driver
  • Government initiatives in construction sector
  • For a full, detailed list, view our report
Market challenge
  • High cost of elevators and escalators
  • For a full, detailed list, view our report
Market trend
  • Growth of domestic vendors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Strategic Assessment of the Elevator and Escalator Market in China 2015-2019

Technavio recognizes the following companies as the key players in the Strategic Assessment of the Elevator and Escalator Market in China: Kone, Otis, Schindler and ThyssenKrupp

The other prominent vendors are: Canny Elevator, Fujitec and Hitachi

Commenting on the report, an analyst from Technavio’s team said: “Vendors are increasing their R&D for the development of energy-efficient equipment that operates on minimum energy requirements. Companies such as Hitachi and Otis Elevator (China) Investment are developing energy-efficient systems to ensure they meet energy-saving requirements with regard to both function and design. Features such as energy regeneration, automatic light shutdown in idle state, and other energy-saving technologies are in demand in the elevator and escalator market in China.”

According to the report, the population of China is aging rapidly. China's aging population is expected to surpass that of Japan and become the world's most aged society by 2030. The older population in China is expected to escalate to 330 million, accounting for a quarter of the total population by 2050. This aging population will require advanced healthcare services as well as assistance, thus generating demand for elevators and escalators and driving market growth.

Further, the report states that the high installation costs reduce the profit margins of vendors.

Companies Mentioned

Kone, Otis, Schindler and ThyssenKrupp, Canny Elevator, Fujitec and Hitachi

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research Methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Industry overview
    • Country overview
      • Table China: Economic scenario 2014
    • Mega construction projects in China (completed)
    • Mega construction projects in China (upcoming)
    • Elevators and escalators: Overview
      • Table Classification of elevators
      • Table Classification of escalators
    • Life cycle of elevators and escalators
      • Table Life cycle of elevators and escalators
    • Elevators and escalators supply chain
    • Key investment opportunities in the elevator and escalator market in China
    • Elevator and escalator market in China 2010-2013
      • Table Elevator and escalator market in China 2010-2013 ($ billions)
  • Market landscape
    • Elevator and escalator market share in China 2014-2020 (revenue)
      • Table Elevator and escalator market share in China 2014-2020 (revenue)
    • Elevator and escalator market in China 2014-2020 (revenue)
      • Table Elevator and escalator market in China 2014-2020 ($ billions)
    • Elevator and escalator market share in China 2014-2020 (new units installed)
      • Table Elevator and escalator market share in China 2014-2020 (units installed)
    • Elevator and escalator market in China 2014-2020 (new units installed)
      • Table Elevator and escalator market in China 2014-2020 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Elevator market in China
    • Segmentation of elevator market in China by revenue
      • Table Segmentation of elevator market share in China by revenue 2014-2020
    • Segmentation of elevator market in China by revenue
      • Table Elevator market in China: Size and forecast ($ billions) 2014-2020
    • Elevator market in China by new equipment installation
      • Table New elevators installed: Market size and forecast ($ billions) 2014-2020
    • Elevator market in China by modernization and maintenance
      • Table Modernization and maintenance of elevators: Market size and forecast ($ billions) 2014-2020
    • Segmentation of elevator market in China by units installed
      • Table Number of elevators installed: Market size and forecast 2014-2020 (thousands of units)
  • Escalator market in China
    • Segmentation of escalator market in China by revenue
      • Table Segmentation of escalator market share in China by revenue 2014-2020
    • Segmentation of escalator market in China by revenue
      • Table Escalator market size and forecast ($ billions) 2014-2020
    • Escalator market in China by new equipment installation
      • Table New escalators installed: Market size and forecast ($ billions) 2014-2020
    • Escalator market in China by modernization and maintenance
      • Table Modernization and maintenance of escalators: Market size and forecast ($ billions) 2014-2020
    • Segmentation of escalator market in China by units installed
      • Table Number of escalators installed: Market size and forecast 2014-2020 (thousands of units)
  • Elevator and escalator market in China
    • Elevator and escalator market in China by revenue
    • Elevator and escalator market in China by units installed
  • Market drivers
    • Table Population in China 2010-2013 (millions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Market share analysis 2014
      • Table Competitive scenario: Elevator and escalator market in China 2013 (revenue)
    • Other prominent vendors
  • Key vendor analysis
    • KONE China
    • Otis Elevator (China) Investment
    • Schindler China
    • ThyssenKrupp Elevator & Escalator (Shanghai)
    • Business categories
  • Appendix
    • List of abbreviations
  • Explore Technavio

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