https://tankie.tube/videos/watch/bd1ea6bb-ee46-4da6-a0c3-9121471b0b7f 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 Closing scene, Zhuhai Opera House, Guangdong Lift & elevator market is on the rise in China https://seoagencychina.com/lift-elevator-market-is-on-the-rise-in-china/ China: The world’s largest elevator and escalator markets https://seoagencychina.com/lift-elevator-market-is-on-the-rise-in-china/ Elevator and Escalator Market Report 2026 https://www.thebusinessresearchcompany.com/report/elevator-and-escalator-global-market-report Production locations in Guangdong: Which kind of products are being made where? https://www.guangzhousourcing.com/blog/procurement-services-2/production-locations-in-guangdong-which-kind-of-products-are-being-made-where-10 A Look Inside Shenzhen's High-Tech Empire https://www.forbes.com/sites/wadeshepard/2016/07/14/a-look-inside-shenzhens-high-tech-empire/ The Impact of Consolidation and Globalization on the U.S. Market https://elevatorworld.com/article/the-impact-of-consolidation-and-globalization-on-the-u-s-market/ China leads expansion of industrial robot installations https://www.globaltimes.cn/page/202502/1328647.shtml Thu, 09 Apr 2026 01:36:44 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/bd1ea6bb-ee46-4da6-a0c3-9121471b0b7f All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.