What is the current status of the elevator industry?

Industry data show that in the first half of 2014, the growth rate of China's whole elevator production exceeded 10%, and the proportion of shipments and orders decreased in the second half of the year, but the annual production and sales growth rate remained at about 10%, which slowed down compared with the previous year. However, it is a foregone conclusion that the total output of the whole elevator will exceed 700,000 units throughout the year, and the number of elevators in the country will reach more than 3.5 million units.

China has become the world's largest elevator production and consumption market, the world's major elevator brand enterprises are in China to establish wholly-owned or joint ventures, is the elevator field of the world's factory and manufacturing center. 70% of the world's elevators are made in China, and 60% to 65% of the elevators are sold in the Chinese market.

According to the analysis of industry insiders, the industrial concentration of China's elevator industry continues to increase, and the development trend is improving. The industrial development pattern has undergone significant changes, showing that the strong are stronger and the weak are weaker, and the industry has entered a period of reshuffle. Some brands have begun to be put into production in the central and western regions, making the industrial layout more reasonable.