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Market supply of global elevator parts industry

By Evan on Jan 25 in News.

Global elevator accessories industry as an important part of the elevator industry chain, its market supply has been widely concerned. Elevator accessories include traction machine, control system, door system, guide rail, cable, buffer, etc. The quality of these accessories directly affects the safety performance and operation efficiency of the elevator.
At present, the main suppliers of the global elevator parts industry are concentrated in Asia, Europe and North America. Among them, China is one of the world’s largest elevator parts production bases, with many strong enterprises, such as Shanghai Mitsubishi Elevator Co., LTD., KONE Group. These enterprises have strong competitiveness in terms of production scale, technical level and product quality. Europe and North America are important consumer markets for elevator accessories, as well as centers for technological innovation and high-end product development. For example, enterprises such as ThyssenKrupp Group in Germany and Otis Elevator Company in the United States have been in a leading position in the research and development and manufacturing of elevator accessories .
Asian market: Asia is one of the world’s largest elevator parts consumer markets, especially in China, India and other countries, the market demand is growing rapidly. As the world’s largest elevator manufacturing and sales country, China has a huge demand for elevator accessories. In addition, Southeast Asian countries such as Vietnam and Thailand have also increased investment in infrastructure in recent years, which has promoted the rapid development of the elevator accessories market.
European market: The European market is relatively mature, and the demand for elevator parts in Germany, France, Britain and other countries is stable. The European market has high requirements for product quality and environmental standards, so companies in the European region occupy a dominant position in the field of high-end elevator accessories.
North America, especially the United States, is the world’s second largest elevator parts market. The US market has high requirements for technological innovation and product performance, which has promoted the development of the elevator parts industry in the region. In addition, Canada and Mexico and other countries have gradually become an important elevator accessories consumer market.
The demand of the global elevator accessories market is mainly affected by the accelerated urbanization process, the increase in the number of high-rise buildings and the aging population. With more and more people moving into the city, the number of high-rise residential and commercial buildings has also increased, which provides a broad market space for elevators and their accessories. In addition, with the growth of the service life of the elevator, the need to replace the old elevator is increasingly prominent, especially in developed countries, many elevators have been used for decades, facing the problem of reduced performance and increased maintenance costs, so the need to replace new elevators and accessories.
The improvement of urbanization level is one of the important factors to promote the growth of elevator accessories market demand. Technological advances not only improve the operating efficiency and safety of elevators, but also reduce the production cost of elevator accessories, thus increasing market acceptance. For example, intelligent, energy-saving and environmentally friendly elevator accessories have gradually become the mainstream of the market and are favored by consumers.
Although the global elevator parts industry as a whole shows a good development trend, the market competition is still fierce. On the one hand, technological progress and cost control have become the key for enterprises to compete for market share. On the other hand, the increasingly stringent environmental regulations have also brought new challenges to enterprises. It is expected that the global elevator accessories industry will continue to maintain stable growth in the next few years.
In order to better serve global customers, Hangzhou Purros Technology Co., Ltd. will speed up its strategic layout on a global scale, and improve its market response speed and customer service capabilities by establishing more production bases and service networks. In the face of complex and changing market environment, we should seize opportunities, actively respond to challenges, constantly innovate and change, and occupy a favorable position in the global elevator accessories market.

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