The rental rate index for aerial work platforms in March 2024 was 603 points, up 131.0% month-on-month and down 18.7% year-on-year. Due to the Chinese New Year holiday in February 2024, the rental rate index in March increased significantly, and all models showed an increase month-on-month. In contrast, all models in March 2024 were down year-on-year, with the 14-16m model showing the largest decline of 26.1%. (The rental rate is calculated based on the number of days of the machine, with 1000 points corresponding to a 100% rental rate.)
Rental Price IndexAccording to the reported data, the rental price index for aerial work platforms in March 2024 decreased by 4.2% month-on-month, and the rental price index for all models showed different degrees of decline month-on-month. Among them, the rental price index for ≥40m models had the largest month-on-month decline, reaching 7.7%. The smallest decline was 1.1% for 36-39m. Due to the differences in climate in different regions in winter, some provinces and cities did not start construction projects until the end of March, which had a certain impact on the rental price index. The rental price index for aerial work platforms in March 2024 was down 9.8% compared to the same period in 2024, and all models showed a general downward trend in rental prices year-on-year, with the 26-28m model showing the largest year-on-year decline of 14.6%.
Since the start of the construction machinery leasing branch's work on the rental prosperity index for aerial work platforms in July 2022, the statistical calculation method has been continuously optimized. In the future, the statistical indicators and methods will continue to be improved in order to more scientifically and accurately reflect the market situation for reference by enterprises in the industry.
