In December 2025, QYResearch, a global authoritative industry research institution, officially released the 2025 Global Market Report on Elevator Installation in Existing Residential Buildings, announcing the 2025 global top 10 countries by market size of elevator installation in existing residential buildings. According to the report, the total size of the global market for elevator installation in existing residential buildings reached 18.5 billion US dollars in 2025, a year-on-year increase of 12.3%, maintaining a rapid growth trend. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 13.2 billion US dollars, accounting for 71.4% of the global total, a year-on-year increase of 15.7%, firmly ranking first in the world; 2. South Korea, with a market size of 1.28 billion US dollars, accounting for 6.9% of the global total, a year-on-year increase of 8.7%; 3. Japan, with a market size of 1.05 billion US dollars, accounting for 5.7% of the global total, a year-on-year increase of 7.2%; 4. Germany, with a market size of 580 million US dollars, accounting for 3.1% of the global total, a year-on-year increase of 6.5%; 5. United States, with a market size of 420 million US dollars, accounting for 2.3% of the global total, a year-on-year increase of 5.8%; 6. Italy, with a market size of 350 million US dollars, accounting for 1.9% of the global total, a year-on-year increase of 6.2%; 7. France, with a market size of 280 million US dollars, accounting for 1.5% of the global total, a year-on-year increase of 5.5%; 8. Singapore, with a market size of 220 million US dollars, accounting for 1.2% of the global total, a year-on-year increase of 7.8%; 9. Netherlands, with a market size of 180 million US dollars, accounting for 1.0% of the global total, a year-on-year increase of 5.2%; 10. Spain, with a market size of 150 million US dollars, accounting for 0.8% of the global total, a year-on-year increase of 4.9%. The report also pointed out that population aging, old residential building transformation, and barrier-free city construction are the core driving forces for the growth of the global elevator installation market. Benefiting from the continuous advancement of the old community transformation policy, the Chinese market maintains a rapid growth in the elevator installation market. The global elevator installation market will still maintain an average annual growth rate of more than 10% in the next 5 years.