Elevator and escalator product and service demand in China will grow 9.7 percent annually through 2011. Gains will be driven by strong new construction spending (especially on multifamily buildings) and on nonresidential establishments. New product installations will remain dominant over the elevator service segment.
This study analyzes the 39 billion Chinese elevator/escalator industry. It presents historical demand data (1996 2001, 2006) and forecasts for 2011 and 2016 by type (e.g.| passenger and freight elevators| escalators and moving walkways| associated products| installation services| maintenance and repair services)| market (e.g.| nonresidential buildings| residential buildings| nonbuilding settings) and by geographic region.
The study also considers market environment factors| details industry structure| evaluates company market share and profiles 30 industry participants including United Technologies| Mitsubishi Electric| Hitachi| Schindler| KONE| and Toshiba.