China's construction machinery rental market has entered a period of great development, and the rental of aerial work platforms has risen. China's construction machinery leasing industry has expanded rapidly. In 2005, the fixed assets investment in construction machinery and equipment leasing industry was only 661 million yuan. In 2015, it reached 15.388 billion yuan and CAGR reached 36.98%. With the great development of the domestic machinery leasing industry, China's aerial work platform leasing industry has experienced market cultivation, slow development and rapid development stage, and the number of leasing companies and downstream application scenarios have been greatly improved.
The output value of China's aerial work platform rental market has grown rapidly. In 2016, the number of high-altitude platform leasing companies in China was about 430; among them, 243 leasing companies with more than three years of operation had 42116 sets of aerial work platform equipment, with an output value of 2.078 billion yuan. Compared with 2014, in 2016, there were 8 provinces in China, and the rental value of aerial work platforms increased by more than 5 times. With the rapid development of the leasing market, the capital threshold for building enterprises to apply aerial work platforms has gradually decreased, and the economic advantages of aerial work platforms have become more prominent.
In 2016, the number of high-altitude platforms for renters reached 42,116 units
2016 high-altitude platform rental business value reached 2.078 billion yuan.
The output value of the construction industry calculated by China's GDP has exceeded that of the United States, but the number of aerial work platforms is about 1/8 of that of the United States. The construction industry is the main downstream industry of aerial work platforms. China's construction industry is developing rapidly, and the output value of the construction industry continues to grow. From 2012 to 2015, China's construction industry output value calculated by GDP is over the United States. At the same time, the number of aerial work platforms in the United States remained at more than 420,000 units, and in 2014 it reached 520,300 units. The International Association of Aerial Workplaces (IPAF) conducted a statistic of 243 three-year data-laden leasing companies in China's 430 high-altitude platform leasing companies. The stock of the 2014 aerial work platform rental market was the International Association of Aerial Operations (IPAF). The 1.6 times of the statistics estimate that China's 2014 aerial work platform rental market has a stock of about 20,700 units, about 1/25 of the US. Taking China's 2016 aerial work platform rental market inventory as 1.6 times of IPAF statistics, China's 2016 aerial work platform rental market stock is about 67,000 units. The US aerial work platform rental market stock is closely related to the construction industry added value, assuming 2016. In the United States, the stock of the US aerial work platform market was 570,000 units, and the number of aerial work platforms in China was still less than 1/8 of that of the United States.
China's construction industry added value exceeded the US in 2012-2015.
China's aerial work platform industry is facing an explosive period. It is expected that the number of high-altitude operation platforms in China will grow rapidly. In 2020, the number of rental market is expected to reach 250,000 units. Affected by the three major driving forces, we expect that the domestic high-altitude operation platform will enter a period of rapid growth, rapidly increase the penetration rate through the rental market, and continuously replace the scaffolding, hanging baskets and other equipment in the high-altitude operating environment. The output value of the construction industry is in line with that of the United States, which is close to China. In 2020, China's high-altitude platform rental market is estimated to be 30%/40%/50%/60%/70% of the US's 2014 holdings. China's 2020 high-altitude platform market share is about 16/21/ 26/31/36 million units. Taking into account the time required for market education, as well as the limited capacity of domestic manufacturers and the high price of international manufacturers, the 2020 China's aerial work platform rental market has reached 50% of the US estimate, and is expected to reach 250,000 by 2020.
It is estimated that the number of high-altitude platform rental market in China will reach 250,000 units in 2020.
It is estimated that China's high-altitude platform manufacturing industry will have a market space of 30.5 billion in 2017-2020 and a CAGR of 33.51% in 5 years. China's aerial work platform market has a small base and a large target, and it is expected to maintain a high growth rate in the growth period. The average price of aerial work platforms that began to be sold in 2012 is generally on the rise. At the same time, as the demand for aerial work platforms gradually develops from low-end scissor to high-end straight-arm, we believe that the average price of aerial work platforms in China has a clear upward trend. In China's rental market purchases accounted for 90% of all aerial work platform purchases (refer to Europe and the United States), we judge that 2017-2020 China's aerial work platform market will reach 30 billion scale, 2016-2020 CAGR33.51%, if Considering the current situation of China's high proportion of construction machinery, China's aerial work platform market space will be even larger.
The average price of AWP in the domestic market is expected to rise.
It is estimated that China's AWP sales in 2011 will be 11.8 billion yuan.