WATCH HOW: China has taken over the elevator manufacturing industry

by Inside China Business [1-26-2026].

Most of the world's elevators and components are built and exported from China, even if branded by companies in Japan, Europe, or the United States.

Thirty years ago, the elevator market in China was tiny. But by 2020, two thirds of all the elevators in the world were being installed here.

Africa, South America, and Central Asia are urbanizing at historic rates, and demand for passenger elevators is booming. Industrial and high-capacity freight elevators are in high demand by mining and shipping companies.

Today it is domestic Chinese companies who lead exports of elevators and equipment to these markets. Strong diplomatic ties and investments in the Global Majority countries, and increasing settlements in RMB and in local currencies are key drivers of this transition from leading Western suppliers.

Special thanks to:

Siglen Elevator, HQ in Foshan, Guangdong

Hassan Ablajan, Global Sales Director, Tacheng, Xinjiang

Jessie Ye, Marketing Director, Foshan, Guangdong

Tina A, Translator for Uyghur / Mandarin / English

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