NEW YORK, Jan. 7 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
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Demand in China to expand 10.9% yearly through 2013
The market in China for elevator and escalator products and services is forecast to reach 111 billion yuan in 2013, rising at an annual rate of 10.9 percent from 2008. New construction and ongoing urbanization will support market gains. An increasing installed base of elevators and escalators will provide opportunities for maintenance and repair services, as the surge in product penetration of recent years is expected to continue through the forecast period.
Elevator services to outpace dominant products
Products will continue to record the majority of industry sales, accounting for 71 percent of the total elevator and escalator market in 2013. This reflects the developing nature of the Chinese market. In the mature US market, by contrast, product demand accounts for only about one-third of total sales. The brisk pace of new construction activity in China -- itself fundamentally an outcome of the country's rapid industrialization -- has made product sales the key driver of industry revenues. However, revenues generated from the provision of elevator and escalator-related services will witness better growth prospects through 2013. Market gains will be fostered by an expanding base of installed systems (which will offer favorable opportunities for maintenance and repair business) and strong growth in new system sales (requiring installation services). A larger installed base of elevators and escalators will also contribute to rapid acceleration of sales of associated products, the majority of which are purchased in the aftermarket.
Nonresidential buildings to be fastest growing market
The nonresidential building sector is forecast to outpace growth in other markets, and will account for 65 percent of total demand in 2013. Each of the major nonresidential building types -- offices, retail establishments, government and institutional facilities, industrial facilities, lodging and other commercial buildings, and transportation facilities (airports, train and bus terminals) -- offers considerable opportunities for elevator and escalator products and services. The well developed Central-East region will remain the top geographic elevator and escalator market, accounting for 42 percent of total industry sales in 2013. The Central-North region, however, will experience the most robust growth, supported by surging investment in elevator-intensive office buildings and retail establishments. Market advances in the Central-East and the Northwest regions will outperform the national average, benefiting from improving business conditions in the Central-East and low base numbers of existing elevators and escalators in the Northwest.
Study coverage
This new study presents historical demand data (1998, 2003, 2008) as well as forecasts for 2013 and 2018 by product, service, market and region. The study also details market environment factors, evaluates company market share and profiles 30 industry competitors.
TABLE OF CONTENTS
INTRODUCTION viii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Economic Overview 5
Recent Economic Performance 5
Economic Outlook 9
Demographic Overview 11
Population Trends 12
Urbanization 14
Households 15
New Construction Spending Outlook 16
Residential Building Construction 18
Nonresidential Building Construction 21
Office & Commercial 23
Industrial, Institutional & Other 24
Nonbuilding Construction 24
Improvement & Repair Spending Outlook 26
Building Stock Trends 27
Residential Building Stock 28
Nonresidential Building Stock 29
Industrialization & Manufacturing Trends 30
Gross Fixed Capital Formation Outlook 32
Cost & Pricing Dynamics 33
Regulatory & Safety Issues 35
Technological Trends 36
The Eleventh Five-Year Plan 37
International Environment 39
World Elevator & Escalator Market 40
Foreign Trade & Multinational Investment 42
III. PRODUCTS & SERVICES 45
General 45
Elevator & Escalator Products 47
Passenger & Freight Elevators 49
Passenger 50
Freight 53
Escalators & Moving Walkways 54
Associated Products 56
Parts & Components 58
Controls & Electronics 60
Elevator & Escalator Services 62
Installation 63
Maintenance & Repair 64
IV. MARKETS 67
General 67
Nonresidential Buildings 69
Offices 72
Retail Establishments 74
Government & Institutional Facilities 76
Industrial Facilities 78
Lodging & Other Commercial Buildings 80
Transportation Facilities 82
Residential Buildings 84
Nonbuilding Settings 86
V. REGIONAL TRENDS 89
General 89
Regional Demographic & Economic Trends 91
Population Patterns 92
Economic Outlook 94
Regional New Construction Expenditures 95
Regional Demand for Elevators & Escalators 97
Central-North 99
Overview 99
Elevator & Escalator Demand 101
Northeast 103
Overview 103
Elevator & Escalator Demand 106
Central-East 108
Overview 108
Elevator & Escalator Demand 110
Central-South 112
Overview 112
Elevator & Escalator Demand 114
Southwest 116
Overview 116
Elevator & Escalator Demand 118
Northwest 120
Overview 120
Elevator & Escalator Demand 122
VI. INDUSTRY STRUCTURE 125
General 125
Industry Composition 126
Market Share 131
Product Development & Manufacturing 135
Marketing & Distribution 136
Financial Issues & Requirements 138
Cooperative Agreements 139
Company Profiles 142
Beijing Jingcheng Zhong'ao Elevator Company Limited 143
Canny Elevator Company Limited 144
China Ningbo Xinda Group Company Limited 145
Chongqing Eastern Elevators Company Limited,
see Eastern Elevators Pty Limited
Eastern Elevators Pty Limited 147
Fujitec Company Limited 149
Giant KONE Elevator Company, see KONE Corporation
Guangdong Ryoden Lift and Escalator Company Limited,
see Mitsubishi Electric Corporation
Guangdong Winone Elevator Company Limited 151
Guangzhou Eastern Elevators Company Limited,
see Eastern Elevators Pty Limited
Hitachi Limited 152
Huasheng Fujitec Elevator Company, see Fujitec Company
KONE Corporation 154
Mitsubishi Electric Corporation 157
Ningbo Hongda Elevator Company Limited,
see China Ningbo Xinda Group Company Limited
Otis Elevator China Investment Company Limited,
see United Technologies Corporation
Schindler Management Limited 160
Shandong Bester Elevator Company Limited 162
Shanghai Huasheng Fujitec Escalator Company Limited,
see Fujitec Company Limited
Shanghai Mitsubishi Elevator Company Limited,
see Mitsubishi Electric Corporation
Shanghai Yungtay Elevator Equipment Company Limited,
see Yungtay Engineering Company Limited
Shenyang Brilliant Elevator Company Limited 163
SIGMA Elevator Company 164
Suzhou DIAO Elevator Company Limited 165
Suzhou Dongnan Hydraulic Elevator Company Limited 167
Suzhou Jiangnan Jiajie Elevator Company Limited 168
Suzhou Schindler Elevator Company Limited,
see Schindler Management Limited
Suzhou Shenlong Elevator Company Limited 169
ThyssenKrupp AG 171
Toshiba Corporation 173
United Technologies Corporation 175
Wellift Elevator Company Limited 177
Wuxi Lanling Elevator Company Limited 178
Xi'an Elevator Factory 179
XJ Siemens Elevator Company Limited 180
Yungtay Engineering Company Limited 181
Zhejiang Anliso Elevator Company Limited 183
Zhejiang AOLINGDA Elevator Company Limited 184
Zhejiang SYNEY Elevator Company Limited 185
Zhejiang United Elevator Company Limited 186
Zhujiang Fuji Elevator Company Limited 188
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Gross Domestic Product of China 11
2 Population of China 13
3 Households in China by Region 16
4 New Construction Expenditures in China 18
5 New Residential Building Construction Expenditures in China 21
6 New Nonresidential Building Construction Expenditures
in China 23
7 New Nonbuilding Construction Expenditures in China 26
8 Construction Improvement & Repair Expenditures in China 27
9 Building Stock in China 28
10 Manufacturing Value Added in China 32
11 Gross Fixed Capital Formation in China 33
12 Elevator & Escalator Pricing in China 34
13 World Elevator & Escalator Demand 42
14 Chinese Foreign Trade in Elevators & Escalators 44
SECTION III -- PRODUCTS & SERVICES
1 Elevator & Escalator Product & Service Demand in China 46
2 Elevator & Escalator Product Supply & Demand in China 48
3 Passenger & Freight Elevator Supply & Demand in China 50
4 Passenger Elevator Demand in China by Type 52
5 Freight Elevator Demand in China by Type 54
6 Escalator & Moving Walkway Supply & Demand in China 56
7 Associated Product Supply & Demand in China 58
8 Elevator & Escalator Parts & Components Demand in China 60
9 Elevator & Escalator Controls & Electronics Demand in China 62
10 Elevator & Escalator Service Revenues in China 63
11 Elevator & Escalator Installation Revenues in China 64
12 Elevator & Escalator Maintenance & Repair Revenues in China 66
SECTION IV -- MARKETS
1 Elevator & Escalator Product & Service Demand in China
by Market 68
2 Nonresidential Building Elevator & Escalator Market in China
by Type 71
3 Office Elevator & Escalator Market in China 74
4 Retail Establishment Elevator & Escalator Market in China 76
5 Government & Institutional Facility Elevator & Escalator
Market in China 78
6 Industrial Facility Elevator & Escalator Market in China 80
7 Lodging & Other Commercial Building Elevator & Escalator
Market in China 82
8 Transportation Facility Elevator & Escalator Market in China 84
9 Residential Building Elevator & Escalator Market in China 86
10 Nonbuilding Elevator & Escalator Market in China 88
SECTION V -- REGIONAL TRENDS
1 Population of China by Region 94
2 Gross Domestic Product of China by Region 95
3 New Construction Expenditures in China by Region 97
4 Elevator & Escalator Demand in China by Region 98
5 Central-North Region of China: Elevator & Escalator Demand 103
6 Northeast Region of China: Elevator & Escalator Demand 108
7 Central-East Region of China: Elevator & Escalator Demand 112
8 Central-South Region of China: Elevator & Escalator Demand 116
9 Southwest Region of China: Elevator & Escalator Demand 120
10 Northwest Region of China: Elevator & Escalator Demand 124
SECTION VI -- INDUSTRY STRUCTURE
1 Revenue Data: Selected Elevator & Escalator Companies,
2008 128
2 Selected Cooperative Agreements 140
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Population of China by Age, 1998-2018 14
2 Elevator & Escalator Pricing in China, 1998-2018 35
SECTION III -- PRODUCTS & SERVICES
1 Elevator & Escalator Demand in China by Product/Service,
2008 47
SECTION IV -- MARKETS
1 Elevator & Escalator Product & Service Demand in China
by Market, 2008 69
2 Nonresidential Building Elevator & Escalator Market in China
by Building Type, 2008 72
SECTION V -- REGIONAL TRENDS
1 Elevator & Escalator Demand in China by Region, 2008 99
2 Central-North Region of China 101
3 Northeast Region of China 106
4 Central-East Region of China 110
5 Central-South Region of China 114
6 Southwest Region of China 118
7 Northwest Region of China 122
SECTION VI -- INDUSTRY STRUCTURE
1 Elevator & Escalator Market Share in China by Company,
2008 132
To order this report:
Construction and Building Industry: Elevators in China
Nicolas Bombourg
Reportlinker
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