Rental Rate Index 

In November 2024, the rental rate index for aerial work platforms was 624 points, a slight month-on-month decrease of 1.1% and a year-on-year decrease of 13.5%. Overall, the month-on-month rental rate index fluctuated between plus and minus 6%, among which the 14–16m segment saw the largest month-on-month increase at 5.4%, while the 26–28m models saw a month-on-month decrease of 5.8%. In November 2024, the year-on-year rental rate index remained on a general downward trend, with all models above 30m showing year-on-year declines of more than 15%, among which the 36–39m models saw the largest decline at 21.7%. (The rental rate is calculated on the basis of unit-days, with a 100% rental rate corresponding to 1,000 points.)

November 2024 Rental Rate Index for the Aerial Work Platform Leasing Industry

Rental Price Index 

According to statistics calculated from reported data, in November 2024 the rental price index for aerial work platforms fell below 10,000 points for the first time, down 3.7% month-on-month. Except for models above 40m, whose month-on-month decline exceeded 8%, the month-on-month trends of the rental value index for all other models were relatively stable, with fluctuations within plus or minus 3%. In stark contrast, the year-on-year rental price index continued its downward trend; in November 2024 the rental price index for aerial work platforms fell 20.6% year-on-year, with all models showing general year-on-year declines in the rental price index. Among them, the 8–12m models saw the smallest year-on-year decline at 14.4%, while models above 40m saw the largest decline, reaching 28.0%.    

November 2024 Rental Price Index for the Aerial Work Platform Leasing Industry

Since July 2022, when the Construction Machinery Leasing Branch began compiling statistics for the aerial work platform leasing prosperity index, it has continuously optimized the statistical calculation methods. It will further improve the statistical indicators and methods in the future, in order to reflect market conditions more scientifically and accurately for the reference of industry enterprises.