China's Elevator Production Growth Slowed Down The Market Gradually Into The Stock Era.
With the increase of living standards, the user requirements for elevator convenience, make the elevator configuration density gradually increase, compared with previous years, high-rise buildings, the lower ladder, villa elevator, etc. Demand is increasing. According to prospectie database statistics, in 2000 China's 1.65 per square meters (completed real estate area) configuration elevators, by 2014, the elevator configuration density 6.51 / per million square meters, about four times that of 2000.
According to forward-looking industry institute released the elevator industry market demand forecast and investment opportunity analysis report, according to our rapid growth of elevator production in 2002 from 2002 to 2016, 776000 units, compound annual growth rate as high as 19.6%. By the end of 2016, the number of elevators in China had reached 493.69 million, ranking the first in the world.
From the national elevator production and the growth rate of the population, the growth rate will slow down, and enter the plateau phase. According to the data, the cumulative output of elevators in China in 2017 was 679, 000, up by 5.1%. According to the forecasted database, the total output of elevators in China in 2018 is 7253,000, with a cumulative growth of about 6.8 percentage points.
However, the number of elevator enterprises in China is increasing gradually, and the pressure of competition in the industry is increasing. By the end of 2015, the number of enterprises holding elevator complete machine manufacturing has increased to 696, and the number of elevator installation and maintenance license enterprises has reached 10326, and the elevator parts industry is about 200. At present, China's elevator market is mainly occupied by foreign brands such as us (Otis), Europe (thyssenkrupp, schinda, kone), Japan (mitsubishi, Hitachi, Fujitsu, Toshiba). After more than 10 years of development, national brands account for about 30% of the domestic market share.
About 70% of China's elevator market share is occupied by foreign brands. Among them, Otis, mitsubishi, Hitachi, occupy about 45% market share, schindler, kone, thyssen, Toshiba, iso9000, and other foreign brand occupies 25% market share, national brands accounted for about 30% of the market. In larger industry competition under pressure, has the strength to face the impact of the customer to the company not only provides a good ability to resist risks, is also likely to benefit from the industry concentration, bring the performance of steady growth.