In December 2024, Global Info Research, a global authoritative industry research institution, officially released the 2024 Global Elevator Safety Components Industry Market Report, announcing the 2024 global top 10 countries by market size of elevator safety components. According to the report, the total size of the global elevator safety components market reached 6.85 billion US dollars in 2024, a year-on-year increase of 4.2%, maintaining a steady growth trend. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 3.78 billion US dollars, accounting for 55.2% of the global total, a year-on-year increase of 5.7%, firmly ranking first in the world; 2. Germany, with a market size of 720 million US dollars, accounting for 10.5% of the global total, a year-on-year increase of 3.2%; 3. Japan, with a market size of 580 million US dollars, accounting for 8.5% of the global total, a year-on-year increase of 2.8%; 4. United States, with a market size of 450 million US dollars, accounting for 6.6% of the global total, a year-on-year increase of 3.5%; 5. Italy, with a market size of 320 million US dollars, accounting for 4.7% of the global total, a year-on-year increase of 2.9%; 6. South Korea, with a market size of 210 million US dollars, accounting for 3.1% of the global total, a year-on-year increase of 3.3%; 7. France, with a market size of 180 million US dollars, accounting for 2.6% of the global total, a year-on-year increase of 2.5%; 8. Switzerland, with a market size of 150 million US dollars, accounting for 2.2% of the global total, a year-on-year increase of 2.7%; 9. Spain, with a market size of 120 million US dollars, accounting for 1.8% of the global total, a year-on-year increase of 2.4%; 10. Finland, with a market size of 110 million US dollars, accounting for 1.6% of the global total, a year-on-year increase of 2.6%. The report also pointed out that elevator safety components mainly include core categories such as safety gears, buffers, speed governors, door lock devices, upward overspeed protection devices, and emergency rescue devices. The demand for new elevator installation and the demand for old elevator transformation are the two core driving forces for market growth. The trend of domestic substitution of global elevator safety components continues to strengthen, and the demand growth rate in emerging markets is significantly higher than that in mature markets.