9. Boosting the development of construction machinery rental, the high-speed expansion of the aerial work platform market
In 2018, the aerial work platform market continued to maintain a high growth momentum, with sales increasing by more than 60%. Along with the rapid growth of the industry, the number of leasing companies has proliferated, and the operating lease market for construction machinery, which is dominated by aerial work platforms, has developed rapidly. The fleet size of the leasing industry has grown rapidly, but the small and medium-sized fleet-type leasing companies account for the vast majority, and the equipment rental level and gross profit margin have declined.
The aerial work platform market continued to maintain a high growth momentum, with sales increasing by more than 60%
In addition to many professional brands such as Gini, JLG, Oulisheng, Dingli, Xingbang, etc., Xugong, Sany Heavy Industry, Zoomlion, Liugong, Lingong and other enterprises with comprehensive engineering machinery manufacturers are also strong. It has a certain impact on the existing brand competition pattern. Construction machinery leasing can reduce the cost of machinery use and increase capital gains. It can boost investment and promote economic development for the society. At the same time, it also lowers the threshold for users to obtain equipment. It is also easy to cause repeated investment while promoting rapid expansion of the industry. It has an impact on the healthy competition of the market and is not conducive to the sustainable development of the industry. The industry should rationally consider high-speed expansion to prevent market risks.