Study #: 2541

Published: 12/2009

Pages: 188

Full Study Price: US$ 5,200

Per Page Price: US$ 30.00

Elevators in China to 2013 - Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

The market in China for elevator and escalator products and services will grow 10.9 percent annually through 2013, driven by new construction and ongoing urbanization. Products will remain the dominant sector, while services grow the fastest. Nonresidential buildings will be the fastest growing markets.

This study analyzes the 66.2 billion yuan elevator industry in China. It presents historical demand data for the years 1998, 2003 and 2008, and forecasts for 2013 and 2018 by product (passenger elevators, freight elevators, escalators and moving walkways), service (installation, maintenance and repair), market (nonresidential, residential, nonbuilding) and geographic region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 30 industry participants, including Otis Elevator, Hitachi and Mitsubishi Electric.

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TABLE OF CONTENTS


SECTION                                                                         PAGE


                INTRODUCTION                                                    viii

          I.    EXECUTIVE SUMMARY                                                  1

         II.    MARKET ENVIRONMENT                                                 4
                General                                                            4
                Economic Overview                                                  5
                    Recent Economic Performance                                    5
                    Economic Outlook                                               9
                Demographic Overview                                              11
                    Population Trends                                             12
                    Urbanization                                                  14
                    Households                                                    15
                New Construction Spending Outlook                                 16
                    Residential Building Construction                             18
                    Nonresidential Building Construction                          21
                      Office & Commercial                                         23
                      Industrial, Institutional & Other                           24
                    Nonbuilding Construction                                      24
                Improvement & Repair Spending Outlook                             26
                Building Stock Trends                                             27
                    Residential Building Stock                                    28
                    Nonresidential Building Stock                                 29
                Industrialization & Manufacturing Trends                          30
                Gross Fixed Capital Formation Outlook                             32
                Cost & Pricing Dynamics                                           33
                Regulatory & Safety Issues                                        35
                Technological Trends                                              36
                The Eleventh Five-Year Plan                                       37
                International Environment                                         39
                    World Elevator & Escalator Market                             40
                    Foreign Trade & Multinational Investment                      42
                    
        III.    PRODUCTS & SERVICES                                               45
                General                                                           45
                Elevator & Escalator Products                                     47
                    Passenger & Freight Elevators                                 49 
                      Passenger                                                   50
                      Freight                                                     53
                    Escalators & Moving Walkways                                  54
                    Associated Products                                           56
                      Parts & Components                                          58
                      Controls & Electronics                                      60
                Elevator & Escalator Services                                     62
                    Installation                                                  63
                    Maintenance & Repair                                          64
                    
         IV.    MARKETS                                                           67
                General                                                           67
                Nonresidential Buildings                                          69
                    Offices                                                       72
                    Retail Establishments                                         74
                    Government & Institutional Facilities                         76
                    Industrial Facilities                                         78
                    Lodging & Other Commercial Buildings                          80
                    Transportation Facilities                                     82
                Residential Buildings                                             84
                Nonbuilding Settings                                              86
                
          V.    REGIONAL TRENDS                                                   89
                General                                                           89
                Regional Demographic & Economic Trends                            91
                    Population Patterns                                           92
                    Economic Outlook                                              94
                    Regional New Construction Expenditures                        95
                Regional Demand for Elevators & Escalators                        97
                    Central-North                                                 99
                      Overview                                                    99
                      Elevator & Escalator Demand                                101
                    Northeast                                                    103
                      Overview                                                   103
                      Elevator & Escalator Demand                                106                                         
                    Central-East                                                 108
                      Overview                                                   108
                      Elevator & Escalator Demand                                110
                    Central-South                                                112
                      Overview                                                   112
                      Elevator & Escalator Demand                                114
                    Southwest                                                    116
                      Overview                                                   116
                      Elevator & Escalator Demand                                118
                    Northwest                                                    120
                      Overview                                                   120
                      Elevator & Escalator Demand                                122
                      
         VI.    INDUSTRY STRUCTURE                                               125
                General                                                          125
                Industry Composition                                             126
                Market Share                                                     131
                Product Development & Manufacturing                              135
                Marketing & Distribution                                         136
                Financial Issues & Requirements                                  138
                Cooperative Agreements                                           139
                Company Profiles                                                 142
                    Beijing Jingcheng Zhong'ao Elevator Company Limited          143
                    Canny Elevator Company Limited                               144
                    China Ningbo Xinda Group Company Limited                     145
                    Chongqing Eastern Elevators Company Limited, 
                      see Eastern Elevators Pty Limited                             
                    Eastern Elevators Pty Limited                                147
                    Fujitec Company Limited                                      149
                    Giant KONE Elevator Company, see KONE Corporation               
                    Guangdong Ryoden Lift and Escalator Company Limited, 
                      see Mitsubishi Electric Corporation                           
                    Guangdong Winone Elevator Company Limited                    151
                    Guangzhou Eastern Elevators Company Limited, 
                      see Eastern Elevators Pty Limited                             
                    Hitachi Limited                                              152
                    Huasheng Fujitec Elevator Company, see Fujitec Company
                    KONE Corporation                                             154
                    Mitsubishi Electric Corporation                              157
                    Ningbo Hongda Elevator Company Limited, 
                      see China Ningbo Xinda Group Company Limited                  
                    Otis Elevator China Investment Company Limited, 
                      see United Technologies Corporation                           
                    Schindler Management Limited                                 160
                    Shandong Bester Elevator Company Limited                     162
                    Shanghai Huasheng Fujitec Escalator Company Limited, 
                      see Fujitec Company Limited                                   
                    Shanghai Mitsubishi Elevator Company Limited, 
                      see Mitsubishi Electric Corporation                           
                    Shanghai Yungtay Elevator Equipment Company Limited, 
                      see Yungtay Engineering Company Limited                       
                    Shenyang Brilliant Elevator Company Limited                  163
                    SIGMA Elevator Company                                       164
                    Suzhou DIAO Elevator Company Limited                         165
                    Suzhou Dongnan Hydraulic Elevator Company Limited            167
                    Suzhou Jiangnan Jiajie Elevator Company Limited              168
                    Suzhou Schindler Elevator Company Limited, 
                      see Schindler Management Limited                              
                    Suzhou Shenlong Elevator Company Limited                     169
                    ThyssenKrupp AG                                              171
                    Toshiba Corporation                                          173
                    United Technologies Corporation                              175
                    Wellift Elevator Company Limited                             177
                    Wuxi Lanling Elevator Company Limited                        178
                    Xi'an Elevator Factory                                       179
                    XJ Siemens Elevator Company Limited                          180
                    Yungtay Engineering Company Limited                          181
                    Zhejiang Anliso Elevator Company Limited                     183
                    Zhejiang AOLINGDA Elevator Company Limited                   184
                    Zhejiang SYNEY Elevator Company Limited                      185
                    Zhejiang United Elevator Company Limited                     186
                    Zhujiang Fuji Elevator Company Limited                       188
                
                                   LIST OF TABLES
                                         
TABLE NUMBER                                                                    PAGE



                SECTION I -- EXECUTIVE SUMMARY
                Summary Table                                                      3

                SECTION II -- MARKET ENVIRONMENT
           1    Gross Domestic Product of China                                   11
           2    Population of China                                               13
           3    Households in China by Region                                     16
           4    New Construction Expenditures in China                            18
           5    New Residential Building Construction Expenditures in China       21
           6    New Nonresidential Building Construction Expenditures 
                    in China                                                      23
           7    New Nonbuilding Construction Expenditures in China                26
           8    Construction Improvement & Repair Expenditures in China           27
           9    Building Stock in China                                           28
          10    Manufacturing Value Added in China                                32
          11    Gross Fixed Capital Formation in China                            33
          12    Elevator & Escalator Pricing in China                             34
          13    World Elevator & Escalator Demand                                 42
          14    Chinese Foreign Trade in Elevators & Escalators                   44

                SECTION III -- PRODUCTS & SERVICES
           1    Elevator & Escalator Product & Service Demand in China            46
           2    Elevator & Escalator Product Supply & Demand in China             48
           3    Passenger & Freight Elevator Supply & Demand in China             50
           4    Passenger Elevator Demand in China by Type                        52
           5    Freight Elevator Demand in China by Type                          54
           6    Escalator & Moving Walkway Supply & Demand in China               56
           7    Associated Product Supply & Demand in China                       58
           8    Elevator & Escalator Parts & Components Demand in China           60
           9    Elevator & Escalator Controls & Electronics Demand in China       62
          10    Elevator & Escalator Service Revenues in China                    63
          11    Elevator & Escalator Installation Revenues in China               64
          12    Elevator & Escalator Maintenance & Repair Revenues in China       66
            
                SECTION IV -- MARKETS
           1    Elevator & Escalator Product & Service Demand in China 
                    by Market                                                     68
           2    Nonresidential Building Elevator & Escalator Market in China 
                    by Type                                                       71
           3    Office Elevator & Escalator Market in China                       74
           4    Retail Establishment Elevator & Escalator Market in China         76
           5    Government & Institutional Facility Elevator & Escalator 
                    Market in China                                               78
           6    Industrial Facility Elevator & Escalator Market in China          80
           7    Lodging & Other Commercial Building Elevator & Escalator
                    Market in China                                               82
           8    Transportation Facility Elevator & Escalator Market in China      84
           9    Residential Building Elevator & Escalator Market in China         86
          10    Nonbuilding Elevator & Escalator Market in China                  88

                SECTION V -- REGIONAL TRENDS
           1    Population of China by Region                                     94
           2    Gross Domestic Product of China by Region                         95
           3    New Construction Expenditures in China by Region                  97
           4    Elevator & Escalator Demand in China by Region                    98
           5    Central-North Region of China: Elevator & Escalator Demand       103
           6    Northeast Region of China: Elevator & Escalator Demand           108
           7    Central-East Region of China: Elevator & Escalator Demand        112
           8    Central-South Region of China: Elevator & Escalator Demand       116
           9    Southwest Region of China: Elevator & Escalator Demand           120
          10    Northwest Region of China: Elevator & Escalator Demand           124

                SECTION VI -- INDUSTRY STRUCTURE
           1    Revenue Data: Selected Elevator & Escalator Companies, 
                    2008                                                         128
           2    Selected Cooperative Agreements                                  140
                
                                   LIST OF CHARTS
                                         
CHART NUMBER                                                                    PAGE


                SECTION II -- MARKET ENVIRONMENT
           1    Population of China by Age, 1998-2018                             14
           2    Elevator & Escalator Pricing in China, 1998-2018                  35

                SECTION III -- PRODUCTS & SERVICES
           1    Elevator & Escalator Demand in China by Product/Service, 
                    2008                                                          47

                SECTION IV -- MARKETS
           1    Elevator & Escalator Product & Service Demand in China
                    by Market, 2008                                               69
           2    Nonresidential Building Elevator & Escalator Market in China 
                    by Building Type, 2008                                        72

                SECTION V -- REGIONAL TRENDS
           1    Elevator & Escalator Demand in China by Region, 2008              99
           2    Central-North Region of China                                    101
           3    Northeast Region of China                                        106
           4    Central-East Region of China                                     110
           5    Central-South Region of China                                    114
           6    Southwest Region of China                                        118
           7    Northwest Region of China                                        122
                
                SECTION VI -- INDUSTRY STRUCTURE
           1    Elevator & Escalator Market Share in China by Company, 
                    2008                                                         132
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