China Elevator Association Released 2024-2025 Development and Export Report of China's Hydraulic Lift Industry
This report is jointly compiled by the China Elevator Association and the National Technical Committee for Hydraulics and Pneumatics Standardization of China, covering all categories of hydraulic lifts including direct-acting type and side-mounted type, including home hydraulic lifts, cargo hydraulic lifts, car lifts and special hydraulic lifts. It is the first panoramic development and export report for the segmented field of hydraulic lifts in China's elevator industry. The core content and data of the report include: first, the overall industry scale data. In 2024, the annual output of China's hydraulic lifts reached 14,200 units, a year-on-year increase of 7.8%, accounting for more than 52% of the global total output of hydraulic lifts; in 2024, the export volume reached 6,800 units, a year-on-year increase of 19.7%, the export value exceeded 360 million US dollars, a year-on-year increase of 17.2%, and the exports cover 96 countries and regions around the world. The annual compound growth rate of export volume from 2020 to 2024 reached 14.6%, which far exceeded the average growth rate of global hydraulic lift trade; second, the export structure ranking of subdivided products. Among the export categories of China's hydraulic lifts in 2024, cargo hydraulic lifts accounted for 48.6%, ranking first; home hydraulic lifts accounted for 26.4%, ranking second; car hydraulic lifts accounted for 15.7%, ranking third; special hydraulic lifts (explosion-proof, cold storage, marine) accounted for 9.3%, ranking fourth. Among them, the export growth rate of home hydraulic lifts was the fastest, with a year-on-year increase of 32.4%, and the main export markets were high-end residential and villa markets in Europe, Oceania and Southeast Asia; third, the ranking of export regional markets. The top 10 countries in terms of China's hydraulic lift export value in 2024 are: Russia, Australia, United Arab Emirates, Thailand, Malaysia, Vietnam, Saudi Arabia, Kazakhstan, Poland, Mexico. Among them, countries along the Belt and Road account for 71.2% of the total export value, and ASEAN countries account for 29.5%, which are the core export markets; the export value to the European market increased by 23.8% year-on-year, with a significant increase in growth rate; fourth, the analysis of global market position. The report shows that in 2024, China's hydraulic lift output accounts for 52% of the global total output, and the export volume accounts for 46% of the global total trade volume of hydraulic lifts, ranking first in the world. China has mastered the core technology of low-noise, energy-saving and heavy-load hydraulic lifts, and has formed a complete whole industrial chain system of R&D, design, manufacturing, installation and operation and maintenance. The products meet international standards such as CE and UL, and have been widely recognized by the global market; fifth, the analysis of industry development trend. The report points out that the global hydraulic lift market shows three major development trends: first, the continuous implementation of global residential buildings, low-rise commercial buildings and underground garage construction drives the continuous rise in demand for home hydraulic lifts, car lifts and low-rise cargo lifts. It is expected that the average annual growth rate of the global hydraulic lift market will remain above 8% from 2025 to 2027; second, energy saving, low noise, intelligence and environmental protection have become the core direction of the technological development of hydraulic lifts. The export growth rate of variable frequency energy-saving hydraulic lifts, intelligent monitoring hydraulic lifts, and biodegradable environmental protection hydraulic oil lifts all exceeded 25%; third, the global elevator installation and transformation market for old low-rise buildings is gradually expanding. In 2024, the export value of China's hydraulic lift transformation components increased by 18.6% year-on-year, becoming a new export growth engine. This report comprehensively presents the development pattern and export trend of China's hydraulic lift industry, and provides authoritative data reference for global elevator purchasers and traders in low-rise buildings and industrial scenarios to accurately connect with China's hydraulic lift supply chain.