Predicting for China Elevator Industry in the Following 3 Years

With an increase of 2.69%, China elevator market held a demand for 650 thousand sets of elevator and escalator devices, while compared to the situation in 2010 to 2014, the demand has shown a downtrend. However the urbanization in China would induce the elevator demand by focusing more on residential real estate, commercial facilities and public infrastructure construction, such as transit system and social housing project.

Moreover, the huge possessing quantity of elevators would gradually raise the need of regeneration, modernization and renovation. As more elevators and escalators are required in one construction, the elevator industry still enjoys a potential to reach a new peak.

Elevators for low-rise buildings and energy-saving ones are becoming well received.