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China Elevator Market Status
- May 17, 2018 -

 The elevator market in China is still unsaturated compared with the mature elevator market..The per capita elevator ownership is an important indicator to reflect the level of urbanization.。In 1990, there were only two sets/10,000 people in China. By the end of 2016, the number of elevators in China had reached 49369 million, with a total population of 138,2710, and the per capita elevator ownership increased to 35.70/10,000 people..Despite the rapid increase in per capita elevator ownership, there is still a large gap between the per capita elevator ownership in China and the per capita elevator ownership in developed countries. The huge gap indicates that China's urbanization process still has a large gap with the developed countries, and it also indicates that the market of China's elevators is still unsaturated.

In 2014, the number of single elevator service in China was 381, and the number of single elevator service was still far higher than that of the single elevator service in the developed countries of Europe, America and Asia.This comparison also shows that there is still a lot of room for elevator market demand in China compared with developed countries and regions.


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