Aerial work platform: potential stock of domestic machinery industry
Aerial work platform is mainly used in the construction, airport, large exhibition hall and other high altitude operation field. Compared with the scaffold, the aerial work platform has high safety performance, which can significantly improve efficiency and shorten the construction period. Xi'an construction project uses 800 scissors type aerial work platform, the construction period is shortened from 8 months to 6 months, according to the calculation, the cost can be saved by 57%, and the advantages are remarkable.
International: mature market concentration in Europe and America, giant expansion to accelerate the emerging market cultivation
In Europe and the United States, the aerial work platform is mainly leasing. In 2013, the rental income of the aerial work platform in the United States has reached 7 billion 200 million US dollars, and the rental revenue of the 10 European countries' aerial work platform has reached 2 billion 300 million euros. In recent years, it has shown the characteristics of low speed and steady growth, and the market has developed mature. Industry giants in recent years to expand the intensity of non European and American regions, is expected to accelerate the cultivation of emerging markets.
The world's largest aerial platform production enterprises Terex related business income has reached 15 billion yuan, in 2014, Terex and JLG revenue of the two companies accounted for nearly 50% of the world's top twenty income, the industry is highly concentrated. At present, ZOOMLION has offered us $3 billion 300 million to buy Terex.
High altitude operation platform: China has great potential, the stock growth rate is expected to exceed 30% in the next 5 years
In 2013, there were about 1 million 20 thousand aerial work platforms in the global rental market, of which more than 700 thousand units were in Europe and America, while in 2015, China's stock was only about 2-3 units, which had great potential for development.
Assuming that the development level of China's aerial work platform in 2020 can reach 10% of the United States in 2013, the comprehensive judgment that in 2020, China's high altitude working platform stock is expected to close to 100 thousand units, the annual compound growth rate of 31%. At present, the size of domestic aerial work platform manufacturers are small, Zhejiang as absolute leader, the ability to produce high-end products less domestic enterprises, the future strength of the leading enterprises are expected to fully benefit from the rapid development of the industry.
Investment advice: optimistic about the aerial work platform industry rapid development, the key recommendation of the leading Zhejiang daily, ZOOMLION (intends to acquire international giant Terex), nowlis shares concern.
