MRO Magazine

Research and Markets: Strategic Assessment of the Elevator and Escalator Market in China 2015-2019 – Kone, Otis, Schindler & ThyssenKrupp Dominate the Market

October 20, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Strategic Assessment of the Elevator and Escalator Market in China 2015-2019” report to their offering.

The elevator and escalator market in China to grow at a CAGR of 14.04% in terms of volume during 2014-2020.

This report covers the present scenario and the growth prospects of the elevator and escalator market in China for 2015-2020. To calculate the market size, the report considers revenue generated from the installation of new units, and maintenance and modernization of existing elevators and escalators in China. The report also presents the vendor landscape and a corresponding detailed analysis of four key vendors and a brief description of other prominent vendors operating in the market. It also discusses the major drivers that influence the growth of the market, outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

Vendors are increasing their R&D for the development of energy-efficient equipment that operates on minimum energy requirements. Companies such as Hitachi and Otis Elevator (China) Investment are developing energy-efficient systems to ensure they meet energy-saving requirements with regard to both function and design. Features such as energy regeneration, automatic light shutdown in idle state, and other energy-saving technologies are in demand in the elevator and escalator market in China.

According to the report, the population of China is aging rapidly. China’s aging population is expected to surpass that of Japan and become the world’s most aged society by 2030. The older population in China is expected to escalate to 330 million, accounting for a quarter of the total population by 2050. This aging population will require advanced healthcare services as well as assistance, thus generating demand for elevators and escalators and driving market growth.

Further, the report states that the high installation costs reduce the profit margins of vendors.

Key customer segments

  • Commercial customers
  • Non-commercial customers

Key vendors

  • Kone
  • Otis
  • Schindler
  • ThyssenKrupp

Other prominent vendors

  • Canny Elevator
  • Fujitec
  • Hitachi

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Industry overview

Part 06: Market landscape

Part 07: Elevator market in China

Part 08: Escalator market in China

Part 09: Elevator and escalator market in China

Part 10: Market drivers

Part 11: Impact of drivers

Part 12: Market challenges

Part 13: Impact of drivers and challenges

Part 14: Market trends

Part 15: Vendor landscape

Part 16: Key vendor analysis

Part 17: Appendix

For more information visit

Research and Markets
Laura Wood, Senior Manager

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Sector: Elevators and Escalators