In December 2025, Global Info Research, a global authoritative industry research institution, officially released the 2025 Global Old Elevator Renovation Industry Market Report, announcing the 2025 global top 10 countries by old elevator renovation market size. According to the report, the total size of the global old elevator renovation market reached 8.65 billion US dollars in 2025, a year-on-year increase of 8.7%, the growth rate far exceeded that of the new elevator market, making it one of the fastest growing sub-sectors in the elevator industry. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 2.87 billion US dollars, accounting for 33.2% of the global total, a year-on-year increase of 10.5%, firmly ranking first in the world; 2. United States, with a market size of 1.52 billion US dollars, accounting for 17.6% of the global total, a year-on-year increase of 7.8%; 3. EU 27 countries, with a market size of 1.28 billion US dollars, accounting for 14.8% of the global total, a year-on-year increase of 6.9%; 4. Japan, with a market size of 870 million US dollars, accounting for 10.1% of the global total, a year-on-year increase of 6.5%; 5. South Korea, with a market size of 420 million US dollars, accounting for 4.9% of the global total, a year-on-year increase of 7.2%; 6. Canada, with a market size of 350 million US dollars, accounting for 4.0% of the global total, a year-on-year increase of 6.8%; 7. Australia, with a market size of 280 million US dollars, accounting for 3.2% of the global total, a year-on-year increase of 7.5%; 8. Russia, with a market size of 220 million US dollars, accounting for 2.5% of the global total, a year-on-year increase of 8.1%; 9. Brazil, with a market size of 190 million US dollars, accounting for 2.2% of the global total, a year-on-year increase of 5.9%; 10. India, with a market size of 180 million US dollars, accounting for 2.1% of the global total, a year-on-year increase of 12.3%, ranking first in the world in terms of growth rate. The report also pointed out that the global elevator industry has gradually transformed from "new elevator sales-oriented" to "stock renovation-oriented". The total number of elevators in use worldwide exceeds 20 million, of which more than 30% are old elevators with a service life of more than 15 years. The global old elevator renovation market will still maintain an average annual growth rate of more than 8% in the next 5 years.