The industry is still in the lead-in period, opening up a new blue ocean of construction machinery
The prototype of aerial work platform was first born in the United States in the 1960s, and then gradually expanded around the world. The high-altitude work platform has greatly improved the safety of workers when working at heights. The high-altitude work platform market in Europe, America and other developed countries has taken the lead in entering the rapid development stage, and now the industry has gradually entered the mature stage. China's aerial work platform market started late, with only more than ten years of development, and the industry is still in the lead-in period. At present, a large number of aerial work in China is still based on scaffolding, and aerial work platforms are still not widely used. With the continuous acceleration of China's urbanization process, the continuous improvement of safety awareness of labor personnel, as well as the increase of labor cost and the price ratio of using aerial work platforms, China's aerial work platform market is expected to achieve explosive growth in the future.
China's aerial work platform market has been growing rapidly in recent years. The sales growth of aerial work platform in recent years has reached about 45%, which is undoubtedly the sub industry with the highest growth in the construction machinery industry. According to the statistics of 10 major lifting platform manufacturers by decoration and aerial work machinery branch of China Construction Machinery Industry Association, 6798 lifting platforms for aerial work were sold in October 2019, and 60145 lifting platforms were sold in January October 2019.
At present, the per capita possession of aerial work platforms in the United States is about 192 sets / 10000 people, and that in ten European countries is about 8 sets / 10000 people, while that in China is only 0.7 sets / 10000 people. Compared with the developed countries in Europe and the United States, China's per capita stock is still low, and there is a large growth space in the future.
In terms of the penetration rate (the ratio of number of equipment to GDP) of aerial work platform products, there is also a big gap between China and developed countries. The penetration rate of aerial work platform products in China is only 7 sets / 100 million US dollars, while that in the United States and ten European countries is 31 and 190 sets / 100 million US dollars respectively.
In 2018, China has 95000 aerial work platforms, North America 600000, Europe 300000 and other regions 600000. Compared with the developed countries in Europe and America, there is still a big gap in the number of aerial work platforms in China, and the market growth potential in China is large. It is predicted that the number of aerial work platforms in China will grow rapidly at 40% in the next three years, while the growth rate in developed countries in Europe and America is only about 5%. In 2018, the market scale of China's aerial work platform is 4.2 billion yuan, and it is expected to maintain a rapid growth rate of more than 45% in the next three years, gradually narrowing the gap with developed countries in Europe and the United States.