The aerial work platform can be divided into scissor type, arm type, mast type, sleeve cylinder type and so on. In China's aerial work platform market, the proportion of scissor type is about 65%, and the proportion of arm type is about 25%. In the developed market of North America, arm type accounts for nearly 40%. Compared with the arm type, the entry threshold of the scissor type is lower, and the investment payback period of the scissor type is shorter. The scissor type takes the lead in the volume production in the Chinese market. In the future, with the market gradually becoming mature, the volume of the arm type products can be expected.
At present, many enterprises focus on ARM products, arm products have become the focus of future development of the industry. Zhejiang Dingli has completed the layout of arm products and production capacity. At present, its upgraded arm products have been produced in small batch and put on the market. In the first half of 2019, the domestic sales of arm products in Zhejiang Dingli reached 71.592 million yuan, a year-on-year increase of 88.2%. The growth rate of arm products sales is far higher than the overall growth level of the company. The company's fund-raising project "large-scale intelligent aerial work platform construction project" has also completed the construction of the main plant, and the boom type production capacity is expected to be released rapidly in 2020.
Shandong Lingong will put into operation the first arm car production line in 2018, with a planned capacity of 1200 sets. In 2019, the original industrial park will expand the phase II manufacturing plant, with a construction area of 26000 square meters and a total investment of 700 million yuan. It is planned to form a capacity of 4200 sets of straight arm aerial work platforms. In addition, XCMG, Zoomlion, simbond heavy industries and other enterprises are expected to increase their arm type production capacity rapidly.
In recent years, the number of high-altitude platform renters in China has increased rapidly. Since 2015, a large number of high-altitude work platform renters have entered the market, and the number of renters has increased from less than 200 at the end of 2014 to thousands in 2019. However, the overall scale of lessors is relatively small. In 2019, there are more than 1200 national scale lessors, of which 81.4% are lessors with less than 100 units. The proportion of more than one thousand lessors increased year by year, and 1.1% of lessors owned 43.9% of the equipment in China.
At present, the major Lessors in the aerial work platform market are Hongxin Jianfa, Zhongneng united, Huatie technology, Xugong Guanglian, Zhejiang Bumblebee, Tongguan machinery, etc. In 2018, Hongxin Jianfa succeeded in breaking 10000 sets of high-altitude operation equipment; in 2019, Zhongneng United broke 10000 sets of equipment; Huatie technology entered the high-altitude machine rental market in 2019, and in half a year, the scale of high-altitude operation platform fleet rapidly increased to about 6000 sets.
The sharp increase in the number of leasers and the significant expansion of major leasing companies also reflect the fierce competition in the rental market of aerial work platforms. The price war in the rental market continues to heat up, and the rental level of aerial work platforms has dropped significantly. The average decline of 10 meter scissor equipment is 21%, and that of 18 meter curved arm equipment is 18%.
