In December 2025, Future Market Insights, 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 15.8%, 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 13.875 billion US dollars, accounting for 75.0% of the global total, a year-on-year increase of 18.2%, firmly ranking first in the world; 2. Japan, with a market size of 1.295 billion US dollars, accounting for 7.0% of the global total, a year-on-year increase of 10.5%; 3. South Korea, with a market size of 925 million US dollars, accounting for 5.0% of the global total, a year-on-year increase of 11.2%; 4. Germany, with a market size of 555 million US dollars, accounting for 3.0% of the global total, a year-on-year increase of 9.8%; 5. United States, with a market size of 370 million US dollars, accounting for 2.0% of the global total, a year-on-year increase of 9.5%; 6. Italy, with a market size of 277.5 million US dollars, accounting for 1.5% of the global total, a year-on-year increase of 9.2%; 7. France, with a market size of 185 million US dollars, accounting for 1.0% of the global total, a year-on-year increase of 8.8%; 8. Singapore, with a market size of 185 million US dollars, accounting for 1.0% of the global total, a year-on-year increase of 9.3%; 9. Netherlands, with a market size of 111 million US dollars, accounting for 0.6% of the global total, a year-on-year increase of 8.7%; 10. Australia, with a market size of 92.5 million US dollars, accounting for 0.5% of the global total, a year-on-year increase of 8.5%. The report also pointed out that the huge stock of old residential buildings around the world, the intensification of population aging, the continuous advancement of old community renovation policies in various countries, and the increasing demand for the improvement of residents' living quality are the core driving forces for the growth of the market for elevator installation in existing residential buildings. Miniaturized machine-room-less elevators, home elevators, barrier-free elevators, and low-noise elevators have become the core development direction of the industry. The global market for elevator installation in existing residential buildings will still maintain an average annual growth rate of more than 12% in the next 5 years.