As a kind of special equipment, the elevator brings convenience to people's production and life, greatly extends people's living space, and improves people's quality of life. China has become the world's largest elevator manufacturing country and has formed a relatively complete industrial chain. In recent years, the output of elevators has increased, the number of elevators has steadily increased, and the export volume of elevators has increased year by year. The regional industrial agglomeration has been further strengthened and the industry concentration has been high.
The development status of the elevator industry
1. my country's elevator market has formed a relatively complete industrial chain
my country's elevator industry has gradually developed under the guidance of foreign brands. National brand enterprises have continuously deepened their technical reserves and strengthened their processing and manufacturing capabilities through the processing of complete machine parts or OEM production. With the development of the elevator industry, a relatively complete elevator industry chain has been formed in China, and a number of competitive enterprises have been formed in the complete machine manufacturing and parts supply links.
2. Increase in elevator production
Driven by the continuous development of urbanization, infrastructure investment and construction, and the installation of elevators in old buildings, the demand for the elevator industry continues to expand. According to data from the National Bureau of Statistics, my country's elevator production increased from 365,000 units in 2010 to 1.173 million units in 2019, with an average annual compound growth rate of 13.85%.
Data source: compiled by the National Bureau of Statistics and China Commercial Industry Research Institute
3. Steady increase in the number of elevators
With the continuous prosperity of my country's elevator industry, the scale of elevator ownership in my country has expanded rapidly, from 1.629 million units in 2010 to nearly 7 million units in 2019, and it has become the country with the largest number of elevators in the world. With the development of urbanization in the "13th Five-Year Plan", "Made in China 2025", "One Belt One Road" strategy, and opportunities for manufacturing industry upgrading, as well as my country's national elevator companies continue to strengthen independent innovation and break through technological bottlenecks, my country will remain a global The market with the most urgent demand for elevator equipment and related services and the most productive market.
Data source: General Administration of Market Supervision and Administration, China Elevator Industry Business Yearbook
Although the number of elevators has been increasing in recent years, in terms of the number of elevators per capita, China has about 50 elevators per 10,000 people, and the number of elevators per capita still lags behind developed countries in Europe and America. In the long run, my country still has elevators. Large room for improvement. As the world's largest elevator producer and consumer country, the elevator industry has a huge market demand for elevator components. The continuous prosperity of the elevator industry will directly drive the rapid development of the elevator component market. In the future, as my country's urbanization continues to deepen, the construction of public transportation facilities is accelerated, and the number of elevators per capita continues to rise, my country's elevator parts market will continue to develop steadily.
4. The export volume of elevators is increasing year by year
After decades of development, my country has become the world’s largest elevator manufacturer. The world’s well-known brand elevator manufacturers have set up factories in China, occupying an important market share in my country’s elevator market. With the manufacturing capacity, product quality and With the improvement of corporate management capabilities, the competitiveness of local brand elevator companies has gradually increased. With a complete elevator industry chain and excellent price-performance ratio of elevator products, my country's elevator products have been widely recognized in the international market. The export volume of elevators has increased year by year, from 37,000 units in 2010 to 90,000 units in 2018.
Data source: China Elevator Industry Association, China Elevator Industry Business Yearbook
In 2015, my country put forward the "Vision and Action to Promote the Joint Construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road", declaring that the "Belt and Road" has entered a comprehensive stage of advancement. The “Belt and Road” initiative involves more than 60 countries, with a total population of about 4.4 billion and a total economic volume of about US$20 trillion. It is an important part of China’s new opening-up strategy and the only way for China’s industrialization to mature. Countries along the “Belt and Road” have relatively high population density, low urbanization rate, and rapid economic growth. In these emerging markets, domestic elevator companies rely on price, technological advantages, and policy support to rapidly expand the markets in Southeast Asia and South Asia, and drive elevators With the expansion of exports, the domestic elevator export market has a bright future. The continuous expansion of elevator exports will drive the rapid development of the elevator component market.
5. Regional industrial agglomeration is further strengthened
my country's elevator machine and parts manufacturing enterprises are mainly concentrated in the Yangtze River Delta, Pearl River Delta, Bohai Rim, Chengyu and other regions. The company is close to the elevator consumer market, setting up factories in Jiangsu, Guangdong, and Chongqing to quickly meet the nearby needs of elevator industry clusters in the Yangtze River Delta, Pearl River Delta, and Chengdu-Chongqing regions, fully covering and serving the needs of elevator OEMs in various regions. The Yangtze River Delta and the Pearl River Delta have a large number of manufacturers of various elevator parts and complete machines. The supporting system is complete and the industry clustering effect is obvious. This provides a strong guarantee for the scale expansion, industrial integration, transformation and upgrading of elevator companies in the region. New demand in the central and western regions has grown rapidly, and some elevator machine factories and elevator component factories have successively started production in Chongqing to meet local market demand.
Data source: China Elevator Industry Business Yearbook
Elevator industry market competition pattern
The elevator industry is highly concentrated, and there is a trend of further concentration. Foreign brands such as Otis, Schindler, KONE, Thyssen, Hitachi, and Mitsubishi account for about 70% of the domestic market. With the further concentration of the downstream elevator industry market, some elevator component manufacturers with advantages in quality, process technology, and delivery speed have won the favor of downstream elevator manufacturers, maintaining a lasting and stable cooperative relationship with downstream customers, and their market share Gradually expanded with the development of the downstream elevator industry. From the perspective of elevator demand regions, the relatively developed Yangtze River Delta, Pearl River Delta and other regions account for a large market share and are the most important elevator consumer market in my country. Most of the elevator components and elevator metal companies set up factories near important customers, and the industry concentration of the entire elevator market has further increased, which has promoted the survival of the fittest by component companies. A small number of component companies have a strong competitive advantage in the market by improving technological research and development capabilities, optimizing production layout, and forming scale advantages, showing a relatively obvious industrial agglomeration effect.
The development trend of the elevator industry
1. The trend of outsourcing parts for elevator manufacturers is obvious
After years of development, my country has become the world's largest elevator manufacturing country, and the elevator manufacturing industry chain is complete. Elevators are composed of electrical parts, mechanical parts, metal parts, etc., and involve many types of parts. As a leader in the industry, elevator manufacturers have gradually stripped out various parts and components in order to improve their production efficiency and profitability, while reducing their financial pressure, and handed over to upstream parts manufacturers for supporting production. As far as elevator component manufacturing is concerned, due to the diverse types and specifications of metal component products, and the product specifications and types of different batches are also different, it is not easy to form large-scale standardized production, so the entire elevator manufacturer will hand it over to zero Produced by a component supplier. In recent years, with the enhancement of the flexible supporting capabilities of elevator component manufacturers, as well as the continuous progress and maturity of R&D technology and production technology, elevator manufacturers have gradually tended to hand over more types of elevator components to component manufacturers. , The elevator component manufacturing industry has been continuously developed.
2. The trend of complete supply of elevator components is significant
As the leader of the industry, the elevator manufacturer mainly completes the technical design of the entire elevator, the assembly of the entire elevator, and the production of some safety components. Most of the other parts are obtained through external procurement. Because there are many types of elevator parts and specifications, and as a special equipment, the elevator has very high requirements on the accuracy, strength, and technology of the supporting parts. At the same time, it requires different types and specifications of parts and components. There are also different requirements. Therefore, in order to facilitate the procurement management of various parts and components, the entire elevator manufacturer arranges product assembly of different batches and different projects to improve its own production efficiency and gradually form a market development trend of purchasing complete sets of accessories from supporting suppliers. The complete supply of parts and components such as elevator components can not only benefit the efficiency improvement and resource utilization of the entire elevator manufacturer, but also facilitate the production scheduling of the elevator component supplier, and can improve the layout of their internal production lines to a certain extent. Ensure that all product lines are fully utilized.
3. The effect of industrial clusters is significant, and the industrial structure accelerates toward a healthy direction
The industrial cluster effect of my country's elevator parts manufacturing industry is obvious. As the elevator manufacturing industry mostly implements nearby facilities from raw materials, parts manufacturing, and entire elevator assembly, my country has now formed a complete elevator manufacturing industrial chain cluster in the Yangtze River Delta and the Pearl River Delta. At the same time, with the gradual development of the economy in the southwest region, elevator manufacturing clusters in the southwest region centered on Chongqing and Chengdu have gradually formed. The development of the elevator industry cluster has a huge role in promoting the rapid acquisition of raw materials by elevator component manufacturers, improving the response speed of supporting enterprises of the same whole elevator, reducing inventory, and increasing the market response speed. In addition, it has also promoted the technical cooperation between elevator component manufacturers and the entire elevator enterprise, and improved the technology synchronization R&D and design capabilities, so that it can make rapid progress in product R&D, design and production technology. The development of industry clusters has also promoted, to a certain extent, elevator component manufacturers with technical and production advantages to increase their market share in the industry, thereby promoting the healthy development of the industrial structure.
For more information, please refer to the "Research Report on China’s Elevator Industry Market Prospects and Investment Opportunities for 2020-2025" issued by the China Commercial Industry Research Institute. At the same time, China Commercial Industry Research Institute also provides industrial big data, industrial planning and planning, industrial park planning, Industrial investment and other solutions