China MEWP market to hit maturity in eight years

By Euan Youdale22 October 2019

IRC

Zhang Tan Na, president of the rental branch at China Construction Industry Association (CCIA), told the IRC conference, taking place in Shanghai on Oct. 22, that the China MEWP sector will reach equal maturity to markets in Europe and North America in the next five to eight years. 

Providing the welcome address at the International Rental Conference Asia, Zhang explained that there is a major adoption of aerial platforms, despite a flat construction market. 

”The benefits of aerial platforms have been recognised and adopted by contractors in China, and in the context of a marginal decline in the construction market, the sales volume of platforms not only did not decline, but have actually grown rapidly.”

The MEWP population in China grew by 30.5% in 2019, following growth of 45.5% in 2017. Rather than this showing a fall in market conditions, it demonstrates the increasing maturity of the market, said Zhang. 

There were more 100,000 units in the Chinese market in 2018 and Zhang said that this number was expected to increase over the next five to eight years, bringing the market up to the level found in fully developed MEWP markets.

In further flung regions outside the first AWP adopters in China like Beijing and Shanghai, growth is as still as high as 200%. “The AWP market is seeing far reaching and massive change,” said Zhang. 

In Shanghai, the rental sector is maturing in line with the expanding MEWP population, with the number of rental companies in the city growing 73% year-on-year. This is also bringing about a more diverse offering, including companies with specialised fleets. 

Zgang added, “Under the leadership of leading companies such as Shanghai Hongxin, rental companies are becoming stronger and bigger. The number with fleets exceeding 500 units has increased from 11 in 2017 to 19 last year.”

 

 

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Access, Lift & Handlers Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Featured Training From Easybook
NYC SST Online Training

The clock is ticking… Construction workers in New York City – have you fulfilled your required Site Safety Training (SST)? Get your SST card online now

Latest Events
Last chance to register for the virtual ALH Conference
The ALH Conference is set to kick off (virtually) at 9 a.m. CST on Tuesday, Sept. 14. This is your last chance to register for the live event
ALH Conference shifts to virtual format
The ALH Conference, set for September 14, will be held online, ALH and KHL Group have announced. Registration is now open
ARA Show: Rental-ready
The ARA Show will return to Las Vegas this October for the first time in eight years. ALH provides a preview to the all-things-rental event.
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website

CONNECT WITH THE TEAM
Lindsey Anderson Editor, Access, Lift & Handlers Tel: +1 312 929 4409 E-mail: lindsey.anderson@khl.com
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: tony.radke@khl.com
CONNECT WITH SOCIAL MEDIA