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In-Depth Analysis: 12 Key Words for China’s Elevator Industry in 2026

Published Time:

2026-01-12

Before we know it, 2026 has arrived. Building on the industry’s transformation in 2025, China’s elevator industry has officially entered a new stage characterized by “deepening efforts in the existing stock and enhancing quality and efficiency.” Haokun Technology has compiled and provides a detailed interpretation of these 12 key keywords for China’s elevator industry in 2026.

I. Transformation of Market Structure: Structural Optimization Under the Dominance of Existing Stock

1. Deepening the Existing Stock: The core manifestation is that the existing market has transitioned from the “transformation initiation” phase to the “deep operation” phase, with the share of the after-sales service market steadily increasing. By the end of 2024, the number of elevators in use in China had exceeded 11 million units. Following the preparatory groundwork laid in 2025, by 2026 the annualized scale of the after-sales service market—centered on maintenance, retrofitting, and upgrades—will surpass 120 billion yuan. Over the next three years, the rolling market potential will climb to between 380 billion and 420 billion yuan. The focus of market competition has completely shifted from “grabbing new customers” to “retaining existing ones,” and the differentiation of enterprises’ service capabilities has become the key competitive edge. Particularly in first- and second-tier cities where older elevators are concentrated, comprehensive lifecycle service solutions have become the critical factor for winning market share.
2. Accelerating Retrofitting: The core of this initiative is to include elevator installations in older residential communities within the scope of national subsidies, thereby leveraging policy benefits to stimulate demand from residents. In 2026, the national “Two New” policy explicitly incorporated elevator retrofitting in older residential communities into the equipment renewal subsidy program. The subsidy standards have been adjusted from fixed amounts to tiered, differentiated subsidies based on the number of floors (or stations), effectively addressing the longstanding funding challenges that previously made it difficult to launch such projects. Many regions are now accelerating the implementation of these projects. Since the start of the 14th Five-Year Plan, Beijing has completed over 3,300 elevator installations, while Chongqing alone completed 6,073 installations in 2025. It is projected that by 2026, the total number of elevators installed nationwide will exceed 150,000 units, creating a substantial new addition to the market.
3. Precision in Renewal: The core shift in upgrading aging elevators is from “comprehensive promotion” to “targeted measures,” creating a closed-loop system that aligns policies with actual needs. Building on the continued support provided by ultra-long-term special government bonds, by 2026 localities will establish a system of “one file per elevator, one inspection per elevator, and one recommendation per elevator,” with a particular focus on replacing elevators that are over 15 years old and have high failure rates. Coupled with the concentrated release of demand—over 4 million elevators entering the renewal pipeline over the next 1-5 years—the market size for renovation and upgrade projects is expected to reach 68 billion yuan, becoming the industry’s key growth engine. Moreover, the direction of renewal is increasingly emphasizing the integration of safety enhancements and smart upgrades.
4. Service Upgrade: At the core of this upgrade is a shift in the business model—from “fully managed services” to “customized service packages,” with a clear trend toward service segmentation. Leading companies, building on their 5- to 10-year all-inclusive maintenance and upkeep offerings, are now introducing tiered service packages tailored to specific elevator usage scenarios (residential/commercial/hospital), service life, and owner needs. These packages cover various modules, including basic maintenance, smart monitoring, and emergency support. The order structure has been further optimized, evolving from the “333 structure” to the “244 structure” (with 20% for new elevators, 40% for residential elevators, and 40% for renovation and service upgrades), and the proportion of service revenue continues to rise.

II. The Anchor of Technology and Security: Parallel Progress in Regulatory Enhancement and Intelligent Empowerment

5. Stepping Up Safety Measures: The core shift in regulation is from “comprehensive inspections” to “targeted governance,” with a particular focus on rectifying irregularities in maintenance and upkeep. The three-year initiative to solidify elevator safety, launched in 2026, continues to deepen its efforts. Guangdong and other regions have initiated pilot programs for special governance aimed at combating “reverse involution” in maintenance and upkeep, concentrating on addressing issues such as using repairs in place of regular maintenance and engaging in low-price, low-quality competition. Meanwhile, local standards such as the “Risk Assessment Guidelines for In-Service Passenger and Freight Elevators” are being widely implemented, clearly defining technical criteria for scrapping critical components and promoting a shift in safety management—from “post-event accountability” to “preemptive prevention.” The coverage of the 96333 emergency response platform has now exceeded 11 million units.
6. Standard Implementation: The core of this initiative is the formal enforcement of mandatory delivery standards, which will establish a robust safety defense from the very outset. The mandatory national standard “Safety Requirements for Elevator Manufacturing and Installation—Part 3: Elevator Delivery Verification,” developed and promoted in 2025, will be officially implemented in 2026. This standard will rigorously specify self-inspection procedures, inspection items, and verification requirements, thereby completely addressing the disconnect between enterprises’ self-inspections and product standards. At the same time, the industry will benchmark against international advanced levels, raising standards for energy conservation, carbon reduction, and pollutant emissions, and driving a dual enhancement of product safety and green attributes.

7. Smart Hub: At its core, intelligent elevator control transcends single-functionality and evolves into a smart transportation hub for buildings. By 2026, intelligent elevator control will achieve breakthroughs in “full perception, autonomous decision-making, and deep integration.” It will enable seamless passage through multi-modal biometric recognition, such as facial recognition, and leverage AI-powered intelligent elevator dispatching to enhance operational efficiency. Moreover, it will achieve deep integration with building access gates, parking systems, and logistics robots. Utilizing digital twin technology, it will simulate passenger flows and emergency scenarios, thereby becoming the central connector of the smart building ecosystem.

8. Green Advancement: The core shift is from energy-saving technologies being “optional” to becoming “standard features,” with low-carbon metrics emerging as a key competitive advantage. As the dual-carbon goals continue to be deepened, permanent-magnet synchronous motors and regenerative braking technologies are becoming fully widespread, while photovoltaic-powered elevators and energy-storage elevators are beginning pilot deployments. By optimizing product design and system control, the industry has achieved a reduction in elevator energy consumption. In some commercial buildings, elevators are now linked with building automation systems to participate in integrated energy management. Green certification has become an important threshold for market entry.

III. Advancing Products and Industries: Upgrading Quality and Efficiency, and Expanding the Ecosystem

9. Scenario Segmentation: The core lies in extending customized solutions to more specialized segments, precisely matching diverse needs. In the residential sector, policies promoting elevator installation in newly built residential buildings of four stories or higher continue to gain momentum, generating a steady demand of 150,000 to 200,000 units annually. The market size for household elevators has surpassed 40 billion yuan, with the share of smart household elevators steadily increasing. Specialized scenarios are becoming increasingly refined: “barrier-free + antibacterial + emergency rescue” elevators tailored specifically for hospitals, “passenger flow prediction + intelligent dispatch” elevators for commercial complexes, and “low-speed and smooth operation + voice interaction” elevators for elderly care facilities have become hotspots in the market.
10. Deepening Intelligent Manufacturing: The core lies in advancing intelligent manufacturing from “pilot programs at the top” to “widespread industrial adoption,” thereby addressing personalized demands. Industries are accelerating their “intelligent transformation and digital upgrading” by building smart production lines and deploying digital twin technologies, enabling full-process digitalization—from component machining and assembly to inspection. Leading enterprises are further boosting their production efficiency, with delivery cycles for small-batch custom orders compressed to within five working days. Meanwhile, SMEs are achieving intelligent manufacturing upgrades through shared processing centers, enhancing the overall competitiveness of the industry.
11. Deepening Overseas Presence: The core shift lies in transitioning from “scale-driven growth” to “localized deployment,” making overseas markets a key growth engine. By 2026, China’s passenger elevator exports will continue their high-growth trajectory, with market shares steadily expanding in Belt and Road countries such as Russia and Kazakhstan. Domestic enterprises are accelerating the establishment of overseas production capacities, setting up localized manufacturing bases and service centers to enhance their responsiveness in foreign markets. They are shifting from “product export” to “brand export plus technology export,” and the proportion of revenue from overseas operations continues to rise.
12. Integrated Construction and Management: The core lies in innovating the business model to address the persistent challenge of “difficult maintenance and upkeep” in elevator retrofitting projects. Taking Shanghai’s Changning District’s “15-Year Full Lifecycle Maintenance” model as a benchmark, the industry is promoting an integrated “construction-management-maintenance” service. Maintenance agreements are signed concurrently with retrofitting projects, covering the entire service spectrum—from elevator maintenance and component replacement to electricity bill management and cleaning. By adopting a “single contract with phased payments” model, we can ease the financial burden on residents, ensure high-quality maintenance, and drive the elevator retrofitting market toward a shift from “emphasizing construction” to “balancing construction and maintenance,” thereby unlocking more projects that benefit people’s livelihoods.
Looking forward to 2026—let’s deepen our commitment and forge ahead! 2026 marks a pivotal year for China’s elevator industry as it fully embarks on a journey toward high-quality development. The underlying theme of deepening existing strengths, the vibrant colors of technological innovation, and the warm hues of people-oriented initiatives are interwoven to form the main trajectory of industry growth. May every industry professional seize the trends, focus precisely on key areas, and write a new chapter amid the tide of transformation and upgrading!

Previous Page

A New Beginning, New Hope—Ride the Horse and Embark on a New Journey.

Year-End Review: The Top 10 Events in China’s Elevator Industry in 2025

Next Page

The New Year ushers in a new journey—start-up means sprinting ahead!

The New Year ushers in a new journey—start-up means sprinting ahead!

Summary: A new year, a new journey; new sails, a fresh voyage—galloping forward on horseback, the future holds great promise. In 2026, opportunities and challenges coexist, and hope walks hand in hand with hard work.

2026-02-24

A New Beginning, New Hope—Ride the Horse and Embark on a New Journey.

A New Beginning, New Hope—Ride the Horse and Embark on a New Journey.

Summary: On February 6, 2026, Haokun Technology Co., Ltd. successfully held its annual gala event under the theme “A New Beginning, New Hope—Leading the Way to a New Journey.” All colleagues from the Hangzhou headquarters and the Zhongshan branch gathered together to review the hard work and remarkable achievements of 2025, creating a platform for rallying unity, deepening collaboration, and setting the stage for an inspiring new year of development in 2026.

2026-02-11

In-Depth Analysis: 12 Key Words for China’s Elevator Industry in 2026

In-Depth Analysis: 12 Key Words for China’s Elevator Industry in 2026

Summary: In the blink of an eye, 2026 has arrived. Building on the industry’s transformation in 2025, China’s elevator industry has officially entered a new stage characterized by “deepening efforts on existing stock and enhancing quality and efficiency.”

2026-01-12

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