In the past ten years, sustained and rapid economic growth has also made China's elevator manufacturing industry enter a high-speed development stage. The output of elevators has increased from 168,000 units in 2006 to 776,600 units in 2016, with a compound annual growth rate of 16.53%. At present, the production and sales volume of elevator complete machine products and accessories products ranks first in the world, and the output of elevators accounts for more than half of the world's total output. China has become the largest elevator market in the world.

          Per capita elevator ownership is an important indicator of the level of urbanization. According to the data of the “Elevator Industry Market Demand Forecast and Investment Opportunity Analysis Report” released by the Prospective Industry Research Institute, as of the end of 2016, the number of elevators in China reached 4.936 million, the total population was 138.271 million, and the per capita elevator ownership increased to 35.70. Taiwan / 10,000 people. There is still a big gap between the current per capita elevator ownership in China and the level of per capita elevator ownership in developed countries. There is still much room for development in the future.