In December 2025, the Global Elevator Association Federation (GEEAF) officially released the "2025 Global Elevator Industry Development Report," unveiling the TOP10 ranking of countries based on the global elevator stock in 2025. The report shows that by the end of 2025, the total global elevator stock had surpassed 23 million units, marking a year-on-year increase of 4.8% and maintaining a steady growth trend. The TOP10 ranking released this time is as follows: 1. China, with a stock of 9.68 million units, accounting for 42.1% of the global total, up 5.2% year-on-year, firmly ranking first globally; 2. The United States, with a stock of 2.15 million units, accounting for 9.3% of the global total, up 2.1% year-on-year; 3. The 27 EU countries, with a stock of 2.08 million units, accounting for 9.0% of the global total, up 1.8% year-on-year; 4. Japan, with a stock of 1.02 million units, accounting for 4.4% of the global total, up 1.5% year-on-year; 5. South Korea, with a stock of 0.78 million units, accounting for 3.4% of the global total, up 2.8% year-on-year; 6. India, with a stock of 0.72 million units, accounting for 3.1% of the global total, up 12.5% year-on-year, ranking first among the top ten countries in growth rate; 7. Russia, with a stock of 0.65 million units, accounting for 2.8% of the global total, up 3.5% year-on-year; 8. Brazil, with a stock of 0.58 million units, accounting for 2.5% of the global total, up 4.2% year-on-year; 9. Türkiye, with a stock of 0.42 million units, accounting for 1.8% of the global total, up 3.8% year-on-year; 10. Indonesia, with a stock of 0.38 million units, accounting for 1.7% of the global total, up 10.8% year-on-year, ranking second globally in growth rate. The report also points out that the growth of global elevator stock mainly comes from emerging markets such as Southeast Asia, South Asia, the Middle East, and Africa, while mature markets have entered a phase of stock renewal, with the demand for renovation of old elevators continuing to rise.