LONG-TERM GROWTH PATH
• China is the fastest growing access equipment market in the world. The country now boasts an access rental fleet with more than 400,000 – 450,000 machines.
• China’s access market is on course to expand further. Access equipment is penetrating new markets, rental companies are opening new depots, and much of the country still offers enormous opportunities for expansion of aerial platforms.
• The Chinese market for construction equipment, although lower than 2020 and 2021 following government stimulus actions, remains at historically high levels. (Source: Off-Highway Research).
• In the past 10 years China has become a key part of the access industry’s Asian and global supply chain, offering machines as well as components such as batteries, engines and drivetrains: it has become a world hub of access activity.