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.