The aerial work platform can be used in multiple scenes such as house repair, project construction, venue construction, municipal greening, film and television shooting, and has the characteristics of high construction efficiency, fast operation speed, good safety, energy conservation and environmental protection. With the gradual increase in the popularity of construction engineering, equipment manufacturing, power industry, warehousing and logistics, municipal greening, military engineering, emergency rescue and other fields, the demand for aerial work platforms is growing. At present, the aerial work platform leasing industry is still in a growing period in China, and there is a lot of room for development.
Due to its economic, safe and efficient characteristics, aerial work platform has a strong substitution effect on traditional climbing equipment such as scaffolding and hanging basket. For example, the use environment of aerial work platform and scaffold partially overlap, which has significant advantages in the construction environment of venues and viaducts with limited height. Compared with the traditional scaffolding construction method, the aerial work platform can greatly improve the work efficiency, improve the construction safety, and greatly reduce the labor costs. On the one hand, the employment of personnel can be reduced, on the other hand, the construction period can be shortened and the efficiency can be improved. The combined effect of the two aspects makes the overall human cost of the aerial work platform significantly lower than that of traditional scaffolding, and its economic advantages will become more prominent with the rise of human cost.
From the perspective of the inventory of aerial work platforms in China, the data shows that the inventory of equipment in 2017 is about 65000, and in 2021 is about 384400, with CAGR up to 55.94%.
An industry analyst from a securities firm said: "The global aerial work platform market has a scale of nearly 100 billion yuan, showing a steady growth trend as a whole, with Europe and the United States being the most important market. Considering that the aerial work platform industry in China started late, the industry awareness is not high, the per capita ownership and product penetration rate are low, but the growth rate is fast. The industry has huge development potential, and there is at least 5-10 times more room for growth in the future."
According to the ESCG research report, the average rental rate of aerial work equipment in China remains high, which reflects the high prosperity of the industry. From 2020 to 2021, the average rental rate of the domestic aerial work platform market is 74.30%/81.30%. Considering that the project is basically in a shutdown state one month before and after the Spring Festival, during which the equipment is basically idle, and the equipment needs maintenance after lease, the theoretical rental rate can reach about 90%.
"The safety and economic advantages of aerial work platforms are increasingly prominent, and the traditional aerial work vehicles, scaffolding and other climbing equipment are constantly replaced, while their application fields are expanded. Under the background of rapid urbanization and accelerated infrastructure construction in China, the industry asset scale and demand will keep growing."
