Elevator refers to a number of specific floors in a building, and its car runs in at least two rows perpendicular to the horizontal plane or inclined less than the vertical line.15° Rigid orbital motion for permanent transport equipment. There are also stepped, treadle mounted on the track running continuously, commonly known as escalators or automatic sidewalks. Fixed lifting equipment serving the specified floor. Elevator is an indispensable means of transportation in modern society, which is widely used in residential, commercial, public facilities and other fields.

1. elevator industry market size

According to data from the Champ Consulting Group,2022The size of the global elevator industry market in1346billion dollars, and will maintain steady growth in the future, is expected2023The global elevator market size for the full year4681Billions of dollars.

From the perspective of the international elevator market, when the elevator ownership tends to be saturated, service-oriented income will constitute the main component of income. Green elevator, intelligent, information and high-speed elevator will become the trend of global elevator product development.

From the perspective of China's elevator product output, driven by the continuous development of urbanization, infrastructure investment and construction, and the installation of elevators in old buildings, the output of the elevator industry has gradually increased.According to data from the Champ Consulting Group,2022In 2012, China's elevator production continued to grow, reaching 165.810,000 units, up 7.3 percent year-on-year。

2. elevator industry competition pattern

From the perspective of the operation of international elevator companies, Otis, Schindler, KONE, Mitsubishi Electric, etc. are the world's leading elevator brands with high market share and brand influence.According to data from the Champ Consulting Group,2022Otis's operating income reached 149.32billion, Schindler's operating income was 128.13billion, KONE's operating income was 124.51Billions of dollars.

From the perspective of the operation of Chinese elevator companies, Kangli Elevator, Senhe Elevator, Guangri Co., Ltd., and General Elevator are well-known elevator brands in China, with strong market competitiveness and technological innovation capabilities. According to data from the Champ Consulting Group,Candy Elevator 2022Operating income for the year was 51.15billion, down 22.12 percent year-on-year; Senhe Elevator 2022Operating income for the year was 67.80billion, up 163.17 percent year-on-year; Guangri shares 2022Operating income for the year was 70.64billion, down 13.42 percent year-on-year; General Elevator 2022Operating income for the year was 42.70billion, up 96.14 percent year-on-year。

Development History and Trend of 3. Elevator Industry

The development of the elevator industry has gone through the following stages:

（1) Bud stage.1853American Elisha Otis opened the history of modern elevators by demonstrating a safety device at the Crystal Palace exhibition in New York that allowed the elevator to automatically stop descending when the rope broke.1870German Siemens invented the first power-driven elevator.1880German Werner von Siemens invented the first linear induction motor and applied it to elevators.

（21) Steam drive introduction phase.1889The American company Otis Brothers installed the first steam-driven elevator on the Eiffel Tower in Paris.1892The American Schlindler Company introduced the first hydraulic elevator.1894British William Armstrong invented the first traction elevator.

（31) Introduction phase of electric drive.1887The German company Siemens installed the first AC induction motor-driven elevator in Berlin.1895In the year 2000, the American Otis Brothers Company installed the first DC induction motor-driven elevator in New York.1903In the year, the American Otis Brothers Company introduced the first elevator with automatic control system.

（4) Modern elevator growth period.1910Year1970In recent years, with the development of high-rise buildings and urbanization, as well as the progress of science and technology and materials, modern elevators have continuously improved speed, load, comfort and safety, and various types and forms of elevator products have emerged. Such:1931American Otis Brothers installed the world's first speed per minute in the Empire State Building in New York.366Meters of high-speed traction elevator;1957Japanese Hitachi introduced the world's first machine room traction elevator;1968French Schneider launched the world's first double-deck car traction elevator;1972The Japanese Toshiba company launched the world's first variable frequency speed traction elevator.

（5) Mature development period.1970Since then, the elevator industry has entered a mature period of development. The performance, quality, safety, energy saving and intelligence of elevator products have been significantly improved. The market scale, technical level and competition pattern of the elevator industry have also undergone major changes. Such:1985Japanese Hitachi launched the world's first ropeless traction elevator;1996American Otis company launched the world's first trackless traction elevator;2003German Kone company launched the world's first linear drive elevator;2016Finn Kone introduced the world's first elevator that could run horizontally and vertically.

From the perspective of the development trend of the elevator industry, the future elevator industry will face the following opportunities and challenges:

（1) opportunity

Urbanization process accelerated. With the acceleration of population growth and urbanization, the demand for high-rise buildings and urban transportation will continue to increase, which will drive the growth of demand in the elevator industry. According to data from the Champ Consulting Group,2022Global urban population as a percentage of total population58%, is expected2030The year will reach60.4%,2050The year will reach68.4%. China, as the world's largest urbanized country,2022Urban population accounts for the total population in65%, is expected2030The year will reach66.8%,2050The year will reach80.8%。

Infrastructure construction accelerated. With the economic and social development and the implementation of the national strategy, infrastructure construction will accelerate, including transportation, energy, water conservancy, education, medical and other fields, these areas need a large number of elevator products and services. According to data from the Champ Consulting Group,2022The total investment in fixed assets (excluding rural households) in the country was 572138billion, up 5.1 percent year-on-year. Among them, infrastructure investment (excluding electricity, heat, gas and water production and supply) increased by 9.4。2023In the first half of the year, the national investment in fixed assets (excluding farmers) 243113billion, up 3.8 percent year-on-year. Among them, infrastructure investment (excluding electricity, heat, gas and water production and supply) increased by 7.2. As can be seen,2022Year and2023In the first half of 2010, China's fixed asset investment and infrastructure investment both maintained a relatively rapid growth rate, demonstrating the resilience and potential of the Chinese economy.

Old building renovation speed up. With the increase of urban old buildings and the improvement of residents' living standards, the transformation of old buildings has become an important social problem and market demand. The renovation of old buildings can not only improve the safety, comfort and aesthetics of buildings, but also save land resources and energy consumption. According to data from the Champ Consulting Group,2022The year China completed10000Ten thousand square meters of old residential reconstruction tasks, including the installation of elevators and other projects.

（2) Challenge

Security issues are prominent. As a means of transportation involving personal safety, the safety of elevator has always been the focus of social attention. Elevator accidents not only cause casualties and property losses, but also affect the reputation and credibility of elevator companies and industries. According to data from the Champ Consulting Group,2022In 22 years, elevator accidents occurred in China.It leads to 17.People were killed. The main causes of elevator accidents are elevator quality is not up to standard, maintenance services are not compliant, the use of management is not standardized, etc.。

Increased environmental requirements. With the increasingly serious environmental problems and the enhancement of social responsibility awareness, the elevator industry is also facing higher environmental requirements and pressure. The elevator industry needs to achieve the goals of energy saving, emission reduction, recycling and low-carbon development in product design, manufacturing, operation, maintenance and recycling. According to data from the Champ Consulting Group,2022In, the country's gross domestic product of 10,000 yuan (GDP) Decreased energy consumption compared to the previous year0.1%Ten thousand yuanGDPDecreased CO2 emissions0.8%Energy saving and emission reduction are steadily advancing.2022Year, China UnitGDPCO2 emissions will be higher2005Annual decline65%Above, the proportion of non-fossil energy in primary energy consumption will reach25%around, the forest stock volume will be more2005Annual increase60100 million cubic meters, the total installed capacity of wind power and solar power generation will reach12More than 100 million kilowatts.

Increased demand for intelligence. With the advancement of science and technology and the development of digitalization, the elevator industry also needs to keep pace with the times and realize the intelligence, informatization and networking of products and services. The elevator industry needs to use the Internet, Internet of Things, big data, artificial intelligence and other technologies to improve the performance, efficiency, safety and convenience of elevators, and realize the functions of remote monitoring, fault warning, automatic diagnosis, and intelligent scheduling of elevators.

4. Conclusion

In summary, the elevator industry is an industry closely related to social and economic development, with a large market space and development potential. Shangpu Consulting believes that the elevator industry should seize the opportunities of urbanization, infrastructure construction, and old building renovation, while responding to challenges in safety, environmental protection, and intelligence, strengthen technological innovation, improve product quality and service levels, and expand Emerging markets and subdivisions to cope with future market changes and competitive pressures.