This report is jointly compiled by the China Elevator Association and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, covering all categories of core elevator components including elevator traction machines, control systems, door systems, safety components, guide rails, steel wire ropes, buffers and compensation devices. It is the first panoramic development and export report for all categories of core elevator components in China's elevator industry. The core content and data of the report include: first, the overall industry scale data. In 2024, the total output value of China's elevator core components reached 128.6 billion yuan, a year-on-year increase of 9.2%, accounting for more than 75% of the global total output value of elevator core components; in 2024, the export value reached 8.62 billion US dollars, a year-on-year increase of 18.7%, of which general trade exports accounted for 78.3%, processing trade exports accounted for 21.7%, exports covered 196 countries and regions around the world, and the annual compound growth rate of export value from 2020 to 2024 reached 14.2%, which far exceeded the average growth rate of global elevator parts trade; second, the export structure ranking of subdivided categories. The top 10 categories of China's elevator core components by export value in 2024 are: elevator door systems and components (1.68 billion US dollars, accounting for 19.5%), elevator control systems (1.42 billion US dollars, accounting for 16.5%), elevator traction machines (1.26 billion US dollars, accounting for 14.6%), elevator guide rails and components (980 million US dollars, accounting for 11.4%), elevator safety components (safety gear, speed governor, buffer, etc., 850 million US dollars, accounting for 9.9%), elevator steel wire ropes (560 million US dollars, accounting for 6.5%), elevator compensation devices (320 million US dollars, accounting for 3.7%), elevator car and decorative components (290 million US dollars, accounting for 3.4%), elevator hydraulic systems (180 million US dollars, accounting for 2.1%), special frequency converters for elevators (80 million US dollars, accounting for 0.9%). The top ten categories together account for 98.5% of the total export value; third, the ranking of export regional markets. The top 10 countries in terms of China's elevator core component export value in 2024 are: Russia, the United States, Turkey, Indonesia, Vietnam, India, Brazil, the United Arab Emirates, Thailand, Malaysia. Among them, countries along the Belt and Road account for 68.2% of the total export value, ASEAN countries account for 24.6%, and the EU market accounts for 12.8%, which are the three core export markets; the export value to the African market increased by 27.4% year-on-year, and the South American market increased by 22.6% year-on-year, with a significant increase in growth rate; fourth, the analysis of global market position. The report shows that in 2024, the global market share of China's elevator core components reached 72%, among which elevator guide rails accounted for 85% of the global market, elevator door systems accounted for 78%, elevator traction machines accounted for 72%, and elevator steel wire ropes accounted for 75%, all ranking first in the world. It has formed a complete whole industrial chain system of R&D, design, manufacturing and testing of elevator core components. The products meet the global mainstream certification standards such as CE, UL, AS/NZS and GOST, and are the core supply chain partners of global elevator complete machine manufacturers; fifth, the analysis of industry development trend. The report points out that the global elevator core component market shows three major development trends: first, the continuous expansion of the global old elevator renewal and transformation market drives the rapid rise in demand for transformation core components. In 2024, the export value of China's transformation elevator core components increased by 26.3% year-on-year, and it is expected that the average annual growth rate will remain above 20% from 2025 to 2027; second, intelligence, energy saving and high reliability have become the core direction of the technological development of core components, and the export growth rate of intelligent control systems, energy-saving traction machines and IoT monitoring components all exceeded 30%; third, the localization layout of the global elevator supply chain is accelerating. Chinese elevator core component enterprises are accelerating the construction of overseas warehouses and service centers in Southeast Asia, the Middle East and Europe to improve localized service capabilities and further consolidate the global market share. This report comprehensively presents the development pattern and export trend of China's elevator core component industry, and provides authoritative data reference for global elevator complete machine manufacturers and traders to accurately connect with China's elevator core component supply chain.