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China Has Become the Main Market for Global Elevator Industry Competition

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In recent years, with the improvement of my country's economic level, the advancement of urbanization, and the improvement of people's quality of life, China's elevator industry has been showing a continuous development trend. At present, China has become the country with the largest number of elevators in the world.

At present, China has become the world's largest elevator consumer market, and the huge demand has attracted the world's most competitive elevator companies to invest in China. Foreign-funded elevator brands have entered the Chinese elevator market through sole proprietorship or joint ventures, equipped with top-notch equipment, introduced new technologies, and shifted their production centers and R&D centers to China. Based on the international technical standards, management models, and business philosophy brought by foreign brands, Chinese private elevator companies have achieved a high starting point of development, and have quickly stepped into the ranks of internationalization in terms of technology, quality, management, and service. Up to now, the world's well-known brand elevator companies have established wholly-owned or joint ventures in China, and China has become the main market for global elevator industry competition.

 

Industry prospect

 

1. National industrial policy support

 

In recent years, judging from the series of policy documents, industry regulations and fiscal and taxation implementation rules promulgated by the state on the equipment manufacturing industry, elevators are one of the main industries, and the industrial policy environment has been continuously optimized. "Central Committee of the Communist Party of China on Formulating the Thirteenth Five-Year Plan for Post-National Economic and Social Development", "Several Opinions on Accelerating the Revitalization of Equipment Manufacturing Industry", "Plan for Adjustment and Revitalization of Equipment Manufacturing Industry", "Outline of Special Equipment Safety Development Strategy", The "Industrial Transformation and Upgrading Plan (2011-2015)" and other documents propose to revitalize the equipment manufacturing industry, strive to break through the core technology, focus on the development of intelligent equipment and intelligent products, promote the intelligentization of the production process, and guide the formation of a group of R&D, design and manufacturing As an integrated and highly competitive enterprise, the government has provided good policy support for the development of the equipment manufacturing industry, created a good market environment, and provided a good opportunity for the future growth and development of elevator companies.

 

2. The elevator industry has a large market development space

 

With the rapid growth of my country's national economy, the total output of the domestic elevator market has maintained a sustained and rapid growth. Although affected by the domestic economic downturn and the slowdown of domestic real estate investment growth in recent years, the growth rate of the elevator industry has slowed down, but it is still in a booming stage. Against the backdrop of consumption upgrades and accelerated urbanization in my country's entire society, investment in urban public infrastructure construction and affordable housing construction has increased year by year, which has driven the growth in demand for my country's elevator industry; at the same time, in recent years, the installation of elevators in old buildings and The demand for old elevator renovation is also increasing year by year, which provides a good market environment for the rapid development of my country's elevator machine manufacturing enterprises. In addition, the country vigorously promotes the development strategy of "One Belt, One Road", involving more than 60 countries and more than 4 billion people. National elevator enterprises will benefit from the construction of "One Belt, One Road" in the future, which will give birth to a huge elevator export market. It is expected that the elevator industry will have a relatively large market in the future. Large market development space.

 

3. Gradual optimization of elevator industry structure

 

At present, the dual competition structure between local brands and foreign brands in the domestic elevator market will continue for a long time, but with the improvement of manufacturing capabilities, product quality, service levels, and management capabilities of local brand elevator companies, the competitiveness of local brand elevator companies will gradually increase. Strengthening, breaking the monopoly of foreign-funded brand enterprises on the domestic elevator market, the market share has gradually increased, and the market competition pattern has been gradually optimized. In the future, with the increasingly fierce market competition, some small and medium-sized elevator manufacturers will gradually withdraw from the market competition due to the loss of cost advantages, the disorderly competition situation in the industry will be improved to a certain extent, and the market concentration will be increased. National elevator manufacturing enterprises with independent brands and a certain market position will be better developed and their market share will be further increased.


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