Since the screw elevator entered China, after years of development, China's gearless screw elevator market has increased from thousands to hundreds of thousands.
 
Experts say that China has become the world's largest new elevator market for new villas outside Japan. Due to the rapid development of real estate, urban public buildings and other industries, China's Screw Elevator market will grow at an average annual rate of 20% in the next decade, and annual average sales are expected to reach at least 50 billion US dollars.
 
At present, China's screw elevator technology has reached international standards in some aspects, but the popularity of screw elevators is still low. Experts believe that the market scale of China's screw elevator industry has been greatly improved, and some independent brands have gradually improved. The quality and technical content of our products have improved, and the conservation-oriented society proposed by the Chinese government has given the screw elevator technology company an opportunity to develop in the screw elevator industry. In addition, foreign users prefer Chinese products more than ever. Many commercial or screw elevator companies in China have a large export volume, which provides an opportunity for the rise of China's screw elevators.
 
China's screw elevators have a very impressive market capacity in the future.
 
First of all, the real estate market is developing rapidly, and the demand for screw elevators is expanding. Experts estimate that by 2019, China's new housing area will reach 20 billion square meters. The living space and villa decoration market will reach its peak in 2019-2020. The demand for screw elevators is also impressive.
 
Second, the construction speed of the second and third phases of the city is accelerating. After more than 20 years of development, the urbanization level of some developing countries has reached 80%, basically saturated, and even urbanized. In recent years, the GDP growth rate in the western region has been consistent with the GDP level required for the rapid development of screw elevator demand.