Global healthcare spending is projected to increase from around $7.7 trillion in 2014 to around $10.4 trillion by 2020, growing at a CAGR of around 5.15%. Globally, hospitals account for a significant proportion of healthcare spending. For instance, in 2015, around $3.02 trillion was spent on healthcare in the US, with hospitals accounting for 32% of total healthcare expenditure.

电梯应用领域较广，电梯行业最主要的下游行业是房地产，电梯在房地产项目接近竣工阶段开始大量安装，因此电梯行业需求与房地产行业周期密切相关。从06 年以来的前三个房地产“销售-竣工”周期看，周期前期一般会出现竣工面积增速低于销售面积增速。而在周期后期，竣工面积增速往往会超越销售面积增速。因为受期房的交付特征影响，房屋竣工会滞后于期房销售，但当接近达交付时限时，房屋竣工增速会大幅上升。

下游市场需求扩大，产品更新周期加速。2018 年至2019 年4 月，国家发改委共批复了超2 万亿的重大项目，供给侧改革、国家相关政策项目带动等利好因素依然存在。2018 年全年基础设施建设固定资产投资完成额达17.62 万亿元,基础设施补短板政策的实施有望带动基建投资加快增长,基建投资完成额将维持高位，带动工程机械行业将保持稳健发展。