China's aerial work platform industry has entered a high-speed growth period. In 2013-2017, the sales growth of China's aerial work platform in the past five years is about 40%. It is estimated that the sales volume of the industry in 2017 will be about 17,000-18,000 units, a year-on-year growth rate of 50%. By the end of 2017, the number of Chinese aerial work platforms will reach about 65,000 units. In 2018, the overall demand in the Chinese market will increase to 25,000 units, a year-on-year growth rate of 39%-47%. Leasers are generally optimistic about future market demand.
In 2013-2017, China's aerial work platform sales increased by 5% in 5 years.

The demographic dividend disappeared and the machine changed the trend. The era of China's aging population has arrived. With the continuous increase of labor costs and the disappearance of the demographic dividend, the comparative advantages of the aerial work platform in terms of safety and economy will become more prominent compared with the climbing equipment such as traditional scaffolding. Will prefer the choice of aerial work platforms. At the same time, high-altitude fall in construction accidents accounted for more than 50%. At present, China's security incidents are not optimistic. It is not only easy to cause concern about safety production in the national society, but also the compensation for safety accidents is high, which also makes the construction party increasingly favor the aerial work platform.
After 2014, the proportion of the working population aged 15-64 fell rapidly, and the demographic dividend disappeared.

Demand in the terminal market was strong and the number of leasing companies exploded. The aerial work platform has strong versatility, high liquidity, moderate price and good return rate, and its product characteristics make it more suitable for the rental model. From the perspective of domestic and international industry development, the aerial work platform products are mainly satisfied by the leasing method. The leasing business has become an important link between the connected equipment manufacturers and the end users, and it is essential to promote the high-altitude operation platform industry to accelerate the growth life cycle. With the rapid growth of China's aerial work platforms in recent years, the number of leasing companies has also increased greatly. According to the data of the elite Zhihui research report, there are more than 200 domestic high-altitude platform leasing companies in 2016, and it has increased to about 550 in 2017. More and more investors are optimistic about the aerial work platform industry, and the leasing market has entered a stage of rapid development.
At the same time, from the scale of equipment owned by leasing companies, the overall size of China's leasing companies is still small. Take China's largest aerial work platform leasing company, Hongxin Equipment, as an example. The number of aerial work platforms in 2017 is 5,027 (compared with 16 years and 16 years). The growth rate is over 60%), which is only about 1/25 of the US joint lease. However, the company's high-speed growth in equipment in recent years has also become the epitome of the industry's rapid growth period. In 2017, there were 28 leasers with more than 500 equipments (an increase of 12 over 16 years), of which the largest increase was for small and medium-sized tenants with equipment sizes below 100 and between 100-299.
China's aerial work platform leasing companies have grown rapidly in recent years, reaching 550 in 2017