EASTLIFT

Regions with Strong Demand for Aerial Work Platform Rental Markets

Domestic demand for aerial work platform (AWP) rentals is highly concentrated in the Yangtze River Delta, Pearl River Delta and Beijing-Tianjin-Hebei urban agglomerations, followed by major central and western cities including Chengdu-Chongqing, Wuhan and Zhengzhou. The overall market pattern features mature markets in eastern China and rapid growth in central and western regions.

Tier 1: Highest Demand & Equipment Density (Accounting for roughly 60% of the national market)

Yangtze River Delta (Shanghai, Jiangsu, Zhejiang)

This region holds over 37% of the country’s total AWP inventory. By 2024, it had around 180,000 units in service, with an annual rental revenue of approximately 4.7 billion yuan and an equipment utilization rate of 78.5%.

Core cities: Shanghai, Suzhou, Nanjing, Hangzhou, Ningbo

Driving factors: Construction of semiconductor and new energy factories, data centers, urban renewal projects, and development of Lingang, Jiangbei and other new districts.

Pearl River Delta (Primarily Guangdong Province)

It accounts for about 21% of the national market, with the overall market size reaching roughly 10 billion yuan in 2024.

Core cities: Shenzhen, Guangzhou, Dongguan, Foshan

Driving factors: Dense manufacturing clusters, curtain wall installation for commercial complexes, urban renewal, and supporting projects for photovoltaic and wind power industries.

Beijing-Tianjin-Hebei Region

It takes up around 19% of the national market. Xiongan New Area and urban renewal initiatives in Beijing have driven robust market demand.

Core cities: Beijing, Tianjin, Xiongan, Shijiazhuang

Driving factors: Municipal engineering, venue operation and maintenance, rail transit construction, and industrial park development for industrial relocation.

Tier 2: Core Cities in Central & Western China (Annual growth rate: 20%–30%)

• Chengdu-Chongqing Area: The largest market in western China, boosted by construction of electronics and new energy industrial bases as well as major transportation hubs.
• Middle Yangtze River Region (Hubei, Hunan, Jiangxi): Covering Wuhan, Changsha and Nanchang. Growth is fueled by infrastructure construction and manufacturing relocation.
• Central Plains (Henan Province): Centered on Zhengzhou, where demand surges from logistics warehouses and new energy projects.
• Guanzhong Area (Shaanxi Province): Including Xi’an and Xianyang, with booming demand driven by high-tech zones and data center construction.

Tier 3: Potential Markets (Rapid growth with relatively low market base)

• Shandong Peninsula (Qingdao, Jinan, Yantai): A major manufacturing hub. Strong demand comes from factory operations, port facilities and petrochemical maintenance.
• Minnan & Haixi Economic Zone (Xiamen, Fuzhou): Fast-growing demand supported by cultural tourism infrastructure and new energy projects.
• Beibu Gulf (Nanning, Haikou): Growth driven by projects in free trade ports and coastal harbors.

Criteria for Demand Level

• High demand: First-tier and new first-tier cities, national-level new districts, major manufacturing clusters, and areas with concentrated new energy, semiconductor and data center projects.
• Medium demand: Provincial capitals, prefecture-level cities, industrial relocation hubs and large transportation hubs.
• Low demand: Regions with population outflow, underdeveloped industry and insufficient infrastructure investment.

Market Trends in 2026

• Yangtze River Delta & Pearl River Delta: Fierce stock market competition, alongside equipment upgrades featuring higher penetration of electric-powered models and boom lifts.
• Central & Western China: Sustained rapid growth. Scissor lifts dominate the market, accompanied by intense price competition.
• Northern China: Steady growth in the Beijing-Tianjin-Hebei region; market recovery in Shandong and Northeast China along with manufacturing revival.