Current Status Of China's Aerial Work Platform Rental Industry

- Nov 12, 2019-

With the development of society and market demand, aerial work platforms are increasingly used in various fields.

The aerial work platform can be mainly divided into the following categories: scissor lift aerial work platform, vehicle-mounted aerial work platform, articulating boom lifts, telescopic boom lifts,self-propelled aerial work platform, aluminum alloy aerial work platform, explosion-proof aerial work platform, trailer type aerial work platform, electric aerial work platform, self-propelled straight-arm aerial work platform, off-road aerial work platform, omnidirectional self-propelled aerial work platform.

The use of aerial work platforms in Europe and the United States is extremely popular, and the annual sales of overseas aerial work platforms have exceeded 50 billion yuan. Warehouse tally, equipment maintenance, construction, cleaning operations, etc. ,use a large number of aerial work platforms: 1.,US aerial work platform market stocks continue to grow, holding 561,000 units in 2016, reaching 583,000 units in 2017, an increase of 3.92%, Leasing industry revenue increased by 4.5% year-on-year in 2018, reaching US$9.72 billion. 2. According to the statistics of the International Association of Aerial Working Platforms, the ten European countries (Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden and the United Kingdom) account for about 88% of the European market. At the end of 2017, Europe 10 The rental income of the national leasing market exceeds 2.54 billion euros, while the equipment stock exceeds 300,000 units.

The scale of China's aerial work platforms is relatively small. Compared with developed countries in Europe and America, large-scale development of aerial work platforms began in the 1970s. China's aerial work platforms started late, and foreign products were introduced for research and development and imitation from the end of the last century. Due to the gap between the quantity of possession and the penetration rate, the market size of China's aerial work platform is only about 2 billion yuan, far less than the scale of the global aerial work platform  market of 50 billion yuan.

In recent years,XCMG, Liugong, ZOOMLION and other construction machinery manufacturing crocodiles have entered the aerial work platform market, which is fast-paced, rapid development, and frequent action.

According to the "China Aerial Work Equipment Leasing Industry Research and Investment Prospect Report (2019 Edition)" published by Tate Information Consulting, the average annual growth rate of domestic aerial work platform sales is about 40% in 2013-2017, and the growth rate in 2017 is 50%. The sales volume of the industry is about 17,000-18,000 units. In 2018, the sales volume of the industry exceeds 30,000 units. It is estimated that the sales volume will exceed 45,000 units in 2019. The industry is in a rapid growth period.

In 2013, the number of leasing companies in China was less than 100. As of the beginning of 2019, there were more than 1,000. The main leasing companies include Shanghai Hongxin Equipment, Zhongneng, Zhejiang Huatie, Hertz, and Shanghai Zhicheng.

In 2018, the rental income of the domestic aerial work platform rental market was about 4 billion yuan, while the equipment rental income of construction machinery in the whole industry reached a huge scale of 800 billion yuan.

At present, the number of rental companies in China is small, and there are not enough small and medium-sized manufacturers to explore and meet the multi-level and multi-field high-altitude operations in the market. In the international market, the application of aerial work platforms in the non-construction field has reached 30-40%, and it has been widely used in warehousing, shopping malls, outdoor cleaning and other fields. However, at present, China's leasing industry covers the construction sector, with 94.6% of leasing companies covering the plant construction sector, but only 18% of leasing companies cover the outdoor cleaning sector. The number of leasing companies is an inevitable trend in the development of the industrial chain.

With the development of the industry in depth, the diversification of aerial work platform products has become a trend. In addition to the increase in the size of the arm equipment, the trend of the forklift from 10 meters to 12 meters to the two ends is also more obvious. There are more and more differentiated products such as off-road equipment, spider cars, and insulated cars for electric power.

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