Elevator Industry 2016-2020 (Sales Volume, Maintenance) Forecast Research Reports

05 Aug, 2016, 12:45 ET from RnR Market Research

PUNE, India, August 5, 2016 /PRNewswire/ --

RnRMarketResearch.com adds "Global and China Elevator Industry Report, 2016-2020" and "Global Elevator Industry 2016 Market Research Report" with 2020 and 2021 forecasts data and information to its online business intelligence library.

In 2015, the global elevator sales volume dropped for the first time within 20 years to 803,000, down 3% year on year. This was mainly due to the decline in the housing demand in China. In 2016, the sluggish Chinese market may further drag down the global elevator sales volume to 783,000 million. At present, China has become the world's largest elevator industry in terms of production and consumption. Major global brands have established sole proprietorships or joint ventures in China which acts as the world's elevator factory and manufacturing center.

Complete elevator industry report on global and Chinese markets, of 168 pages and 234 list of charts is available at http://www.rnrmarketresearch.com/global-and-china-elevator-industry-report-2016-2020-market-report.html .

In 2015-2016, Chinese elevator industry characterizes these points: The new elevator sales volume slumped, but it had little effect on several large elevator companies. In 2015, the real estate downturn and frequent elevator accidents led to the decline in China's elevator sales volume for the first time in recent years, from 500,000 in 2014 to 480,000, down 4% year on year. In 2016, the sales volume will continue to drop. Sharp fall in new elevator sales exerted greater impact on SMEs (Small- and Medium-sized Enterprises) instead of several large elevator companies which saw higher sales volume by holding abundant capital, stable customers and stronger competitiveness. In 2015, Shanghai Mechanical & Electrical Industry Co., Ltd., Canny Elevator Co., Ltd. and Guangzhou Guangri Stock Co., Ltd. achieved the respective sales volume of 61,898 units, 19,530 units and 11,016 units, up 4.5%, 10.6% and 2.0% separately.

Key Elevator Companies in China are Shanghai Mechanical & Electrical Industry Co., Ltd., Guangzhou Guangri Stock Co., Ltd., Canny Elevator Co., Ltd., SJEC Corporation, Shenyang Yuanda Intellectual Industry Group Co., Ltd., Shenlong Elevator Co., Ltd., Dongnan Elevator Co., Ltd., Shandong Bunse Elevator Co., Ltd., Hunan Sinda Elevator Co., Ltd. and Rhine Elevator. Key Foreign Elevator Companies are Otis, Hitachi, Schindler, ThyssenKrupp, Toshiba, Fujitec and Kone. Purchase a copy of Global and China Elevator Industry Report, 2016-2020 at http://www.rnrmarketresearch.com/contacts/purchase?rname=650644 .

The maintenance market turned to be a new profit growth engine, so that major companies intensified layout. Based on the elevator stock market, the elevator maintenance business is featured with high margin and huge market space. By the end of 2015, China had owned a total of 4 million elevators. Assuming the unit maintenance is RMB8,000 / year, Chinese elevator maintenance market size will be RMB32 billion. Although the maintenance revenue contributes little, most of Chinese enterprises have realized that the maintenance market becomes a new profit growth engine for the elevator industry; in this case, they have stepped up the layout of a nationwide marketing network to seize the market.

Elevator exports increased steadily thanks to the main exporters -- Jiangsu and Zhejiang. In 2015, China exported 74,101 passenger elevators, escalators and moving walkways, increasing by 5,191 units from a year ago; the export value jumped 8% year on year to USD2.1202 billion. Zhejiang and Jiangsu are the main provinces exporting passenger elevators and escalators in China. In 2015, Jiangsu ranked first in the country with the export volume of 25,999, equivalent to 48.5% of total exports. 6,911 escalators were exported, accounting for 33.6%. The new elevator industry is expected to rebound in recent years; the maintenance market based on the stock market will grow stably.

In 2017-2020, the elevator industry sales volume may rebound under the impetus of urbanization, aging population, fast-growing urban rail transit, gradual enforcement of elevator installation policies as well as an increasing number of old elevators to be replaced. By 2020, the sales volume is expected to reach 650,000, the elevator ownership 5.9 million, and the maintenance market size RMB47.2 billion.

Explore more Construction Technology market reports at http://www.rnrmarketresearch.com/reports/manufacturing-construction/construction/construction-technology .

On Similar lines, another research titled Global Elevator Industry 2016 Market Research Report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. Key manufacturers included in this report are Otis, Mitsubishi Electric, Schindler Group, Hitachi, Kone, ThyssenKrupp, Toshiba, Fujitec, Yungtay Engineering, SANYO, Hyundai, Canny Elevator, Volkslift , SJEC, Syney Elevator, Hangzhou XiOlift, Sicher Elevator, Guangri Elevator, CNYD, Edunburgh Elevator, Shenlong Elevator, Suzhou Diao, Meilun Elevator, IFE Elevators, FEIYA Elevator, Aolida Elevator, Tailing Elevators, Yongri Elevator, Hosting Elevators, Dongnan Elevator,Hopmann Elevator, SSEC, Beijing Sunwa, Winone Elevator, Zhongfu Elevator, Joylive Elevator, Tairi Elevator, ELLY Elevator and Xinma Elevator. Order a copy of this Global Elevator Industry 2016 Market Research Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=458600 .

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