Reportlinker Adds Elevators in China

Jan 07, 2010, 13:59 ET from Reportlinker

NEW YORK, Jan. 7 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Elevators in China

http://www.reportlinker.com/p0170901/Elevators-in-China.html

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

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    Nicolas Bombourg
    Reportlinker
    Email: nbo@reportlinker.com
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