The report titled China Elevator
and Escalator Industry Outlook to 2017 Affordable Housing to Bolster Demand
provides a comprehensive understanding of the market size of China Elevator
and Escalator Industry on the basis of new equipments installed, revenue
generated from new installations and maintenance and modernization. The report
provides a brief overview of elevators sales in China by machinery types, door
types, by carriage types and by end usage. The report also entails the market
share and company profiles of major players operating in Elevator and
Escalator Industry business in China. The report also provides the major
trends and developments of the Elevator and Escalator Industry in China over
the years. Future analysis of this market in the country is provided on the
basis of revenue and new installations over the next five years.
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Complete Report Here: http://www.marketresearchreports.biz/analysis-details/china-elevator-and-escalator-industry-outlook-to-2017-affordable-housing-to-bolster-demand
Fast paced urbanization,
improvement in the people living standard, augmenting migration to the
metropolitan cities particularly on the east coast of China coupled with the
incidence of affordable housing has in turn necessitated the development of
residential sector in the country over the years, thereby providing
significant impetus to the market for elevators and escalators in China. A
significant portion of the elevator and escalator demand has been further
contributed by the inclining mall culture in the country which has picked up
considerable momentum over the past decade. Additionally, as a part of the
government planning many cities in the country has upcoming metro rail projects
most of which are due for completion in the coming 4 to 5 years, thereby
showcasing the bright prospects for the escalator market in the country in the
future. Other important factors fuelling growth in the demand for vertical
transit in the country included the hospitality sector, commercial complexes,
multiplexes and others.
Over the years, it has been
observed that the China elevators and escalators market, although slow, has
been increasingly focusing upon the installation of energy efficient and high
quality advanced machines. MRL elevators have showcased growth at the rate of
20% over the past few years. In 2012, China elevator and escalator industry
reported total sales of ~ new equipments. The industry witnessed a mild
slowdown in new equipment sales during the recessionary period of 2008 and
2009. However, a tremendous growth was encountered in the following years on
account of effective fiscal measures taken by the Chinese government towards
restoring the countrys economic prosperity. In 2012, hydraulic elevators
recorded an extremely lower share of ~% in the total number of elevators
installed in China, with total installations amounting to ~ units. The present
market for elevators in China has been majorly dominated by gearless
technology elevators which holds nearly ~% share in the market of new
installations
The elevator and escalator market
in the country has been largely bifurcated into two segments including new
equipment installations and services, which are primarily composed of
maintenance and modernization. Elevators claimed a massive share of ~% in
Chinas vertical transit space followed by escalators with ~ % share and moving
walkways with ~% share in 2012. Residential segment extensively accounts for
the largest share of ~% in elevators installations in China followed by public
infrastructure with ~% share, malls and commercial office buildings with ~%
share and hotels with ~% share in the market. On the other hand, escalators
market in the country is majorly tapped by malls accounting for ~% share in
new equipment installations. Public infrastructure, offices and other
commercial complex together held ~% share in the market followed by hotels
with ~% share as of 2012.
The elevator and escalator industry
in China remains highly concentrated with only a few major players operating
in the space. Giant Kone, Shanghai Mitsubishi, Otis, Schindler, ThyssenKrupp,
Hyundai, Hitachi and others are some of the major players existing in the
elevator and escalator market in the country. Apart from the aforementioned
players, there are also some regional players involved in the production of
elevators such as Canny elevators, Shenyang Brilliant, SJEC and others,
capturing nearly ~% share in the market while the majority being commanded by
the MNCs as witnessed during the year 2012.
KEY TOPICS COVERED IN THE REPORT
- Market Size of Elevator and
Escalator Market by New Equipment Installations, Revenue Generated from
New Installations, Revenue Generated from Maintenance and Modernization,
2007-2012.
- Market Segmentation of
Elevator Market by End Usage, Types of Machinery, Door Types, Types of
Carriage, Speed and Regional Demand
- Market Segmentation of
Traction Elevators by Gear and Gearless and MR and MRL Types, 2010-2012.
- Market Segmentation of
Escalator Market End Usage, 2010-2012
- Market Share of Major Players
in China Elevator and Escalator Industry, 2010-2012
- Trends and Developments of
China Elevator and Escalator Market.
- Profiles of Major Players
Operating in the Elevator and Escalator Business in China
- Future Outlook and Projections
of the China Vertical Transit Market by Elevators and Escalators,
2013-2017
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