FAST GROWING MARKET

  • Access rental fleet in China is forecast to growth from 110,000 units to more than 550,000 by the year 2024. *

  • Sales of access platforms in China grew by a factor of five between 2014 and 2018. China is now one of the largest markets for powered access equipment in the world.

  • Annual demand for new aerial platforms in China is expected to exceed 40,000 units in 2021.

  • China is now a global scale producer of MEWPs: more than 100,000 machines were produced in the country in 2019, with around a half exported.

  • Chinese government stimulus efforts mean that China was the only major construction equipment market to grow in 2020, with sales likely to increase by 14% - the highest level since 2010-11. *

 

       * (Source: Off-Highway Research)

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