China Elevator & Escalator Market is Expected to grow at a robust CAGR of 6.78% through 2030F
The increasing China elevator &
escalator market is driven by smart elevators and IoT integration driving
market modernization, Surge in green and energy-efficient elevators during the
forecast period 2026-2030F.
According to TechSci Research report, “China Elevator & Escalator
Market – By Region, Competition, Forecast and Opportunities, 2020-2030F”, The
China Elevator & Escalator Market was valued at USD 34.87 Billion in 2024
and is expected to reach USD 52.15 Billion by 2030 with a CAGR of 6.78% during
the forecast period. The China elevator and escalator market is experiencing a
rapid technological shift with the adoption of smart elevators and Internet of
Things (IoT) technology. As urban centers evolve into smart cities, there is an
increasing demand for elevators integrated with intelligent systems capable of
predictive maintenance, remote monitoring, and enhanced passenger experience.
In 2024, over 60% of new installations in major Chinese cities were equipped
with IoT-enabled monitoring systems. These technologies enable real-time
tracking of elevator performance, reduce downtime, and help optimize energy
usage. The push towards modernization is further bolstered by regulatory
mandates promoting safety and energy efficiency, encouraging building owners to
upgrade legacy systems. Innovations such as AI-powered diagnostics, touchless
controls, and real-time analytics platforms are gaining traction, especially in
high-traffic commercial buildings. Leading elevator manufacturers are investing
in R&D to offer cloud-connected solutions that can integrate seamlessly
with building management systems. The trend reflects a broader industry
movement to enhance user safety, comfort, and system longevity while
contributing to sustainable urban development.
Environmental sustainability has become
a key driver in China's elevator market, especially as the country targets
carbon neutrality by 2060. There is a growing trend toward adopting
energy-efficient elevators that utilize regenerative drives, energy-saving
lighting, and standby modes. In 2024, it is estimated that over 45% of newly
installed elevators in urban residential and commercial projects were
energy-efficient models. The construction of green buildings certified under
national programs like China’s Three Star Rating and LEED (Leadership in Energy
and Environmental Design) further accelerates this shift. Manufacturers are
responding by offering models that consume significantly less power and
incorporate eco-friendly materials. For instance, elevators now feature
LED-based lighting, improved insulation, and smart ventilation systems.
Regenerative braking systems are increasingly common, allowing elevators to
convert kinetic energy into reusable power, which can reduce total energy
consumption by up to 30%. These innovations are also aligned with government
procurement preferences, incentivizing developers to adopt environmentally
conscious designs. As sustainability gains strategic importance across
industries, energy-efficient elevators are poised to become the market
standard.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the " China Elevator & Escalator Market"
Based on type, Escalator is the fastest
growing segment in the China Elevator & Escalator market during the
forecast period, due to several key factors driving its demand across multiple sectors.
First, rapid urbanization and modernization of commercial spaces, such as
shopping malls, airports, metro stations, and office complexes, are
significantly boosting the need for escalators to efficiently manage high foot
traffic and enhance user convenience. Unlike elevators, escalators provide
continuous movement and can handle large volumes of passengers, making them
indispensable in busy public and commercial environments.
China’s extensive investment in public transportation
infrastructure, especially in expanding metro and railway networks, is a major
catalyst for escalator demand. New metro lines and station upgrades require the
installation of numerous escalators to ensure smooth passenger flow and
accessibility, especially in large transit hubs. This focus on improving urban
mobility and reducing congestion further accelerates the adoption of
escalators.
Technological advancements are also contributing to
the segment’s rapid growth. Modern escalators feature enhanced safety systems,
energy-efficient motors, and smart control technologies, which appeal to
developers and facility managers focused on reducing operational costs and
improving passenger safety. Additionally, the integration of IoT and predictive
maintenance technologies is reducing downtime and extending escalator
lifespans, making them more cost-effective in the long run.
Furthermore, the growing trend of mixed-use
developments and large-scale commercial complexes in tier 2 and tier 3 cities
is expanding the market beyond traditional metropolitan areas. These
developments demand scalable vertical transportation solutions, with escalators
playing a crucial role in multi-level retail, entertainment, and office spaces.
The combination of urban infrastructure development,
technological innovation, and increasing commercial construction is positioning
escalators as the fastest growing type segment in China’s elevator and
escalator market, meeting the rising demand for efficient, safe, and
user-friendly vertical mobility solutions.
Based on region, East China is the
fastest growing region in the China Elevator & Escalator Market during the
forecast period due to its dynamic economic growth, rapid urbanization, and extensive
infrastructure development. The region, which includes key provinces like
Jiangsu, Zhejiang, and Anhui, as well as the major metropolis Shanghai, is a
crucial hub for manufacturing, finance, and technology sectors. This economic
vitality drives a strong demand for modern commercial and residential
buildings, directly boosting the need for elevators and escalators.
Shanghai, as one of the world’s leading global cities,
continually expands its skyline with numerous high-rise office towers, luxury
residential complexes, and large commercial centers. These developments
necessitate advanced vertical transportation systems, stimulating market growth
in elevators and escalators. Moreover, the government’s focus on sustainable
urban planning in East China promotes the adoption of energy-efficient and
smart elevator solutions, aligning with broader environmental and safety regulations.
The region is also a focal point for transport
infrastructure investment, including the expansion of metro lines, airports,
and railway stations, all of which require extensive escalator installations to
handle growing passenger volumes efficiently. This focus on improving public
transit accessibility creates consistent demand for escalators and elevators
that can support high traffic flows.
Additionally, East China’s relatively higher
disposable incomes and consumer awareness encourage property developers to
incorporate premium elevator technologies and enhanced safety features, further
fueling market growth. The concentration of industrial parks and business
districts also leads to the modernization of existing buildings, where
upgrading elevators and escalators becomes essential.
Key market players in the China Elevator
& Escalator market are: -
- KONE Elevators Co., Ltd.
- Schindler China Elevator Co. Ltd.
- Otis Elevator China Co Ltd
- Shanghai Mitsubishi Elevator Co., Ltd.
- Toshiba Elevator China Co Ltd.
- Hitachi Elevator (China) Co., Ltd.
- Disheng Elevator (China) Co., Ltd
- Xizi United Holdings Limited
- CANNY Elevator Co., Ltd
- General Elevator Co., Ltd.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The China Elevator & Escalator market offers
significant opportunities driven by rapid urbanization, infrastructure
expansion, and smart city initiatives. Increasing demand for high-rise
residential and commercial buildings fuels the need for advanced vertical
transportation solutions. Government investments in public transit systems and
airport expansions also boost escalator installations. Growing focus on
energy-efficient, smart, and connected elevators opens avenues for
technological innovation and premium product offerings. Additionally,
modernization and replacement of aging elevator fleets in existing buildings
present lucrative prospects. As safety regulations tighten, there is rising
demand for compliant, reliable systems, making the market highly promising for
manufacturers and service providers”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“China
Elevator & Escalator Market By Type (Elevator, Escalator, and Moving
Walkways), By Elevator Technology (Traction, Hydraulic, and Machine Room-Less
Traction), By Elevator Door Type (Automatic, Manual), By Service (Maintenance
& Repair, New Installation, and Modernization), By End User (Residential,
Commercial, Institutional, Infrastructural, and Others), By Region,
Competition, Forecast and Opportunities, 2020-2030F”, has evaluated the future
growth potential of China Elevator & Escalator Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in China Elevator & Escalator Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com