Top Industry Leaders in the Construction Scaffolding Rental Market
Construction Scaffolding Rental Market
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November 2023- China's largest equipment rental company, Horizon Construction Development, has begun to expand into Southeast Asia with planned rental locations in Indonesia, Thailand, Vietnam, and Singapore. Horizon, which is part of Hong Kong-based Far East Horizon, will use the new sites to rent used aerial platforms from its main fleet in China as well as offer new power generators. Speaking to IRN at the CeMat Asia and APEX Asia exhibitions in Shanghai at the end of October, Dailin Feng, general manager of Horizon's sales business unit, said the aim was to create rental businesses using Horizon's used fleet of aerial platforms, with one target market being major Chinese contractors working in the region. Dailin said Horizon could open as many as 20 to 30 new rental locations in Southeast Asia in 2024. The company already sells around 2000 used AWPs a year to customers in Asia and the Middle East. The strategy - which mirrors that of the major Japanese rental businesses - reflects the growing maturity of Horizon's rental business as well as the changing market situation in China. The last five years have seen remarkable growth in the Chinese AWP rental fleet, with resulting pressures on pricing and competition. Horizon’s MEWP fleet alone has grown from around 115,000 units in mid-2022 to more than 160,000 by the middle of this year. Dailin said the pace of growth in the fleet would slow, with the likelihood of the fleet stabilizing at between 170,000 and 200,000 units over the next few years.
Key Companies in the Construction Scaffolding Rental market include
- Altrad Investment Authority S.A.S.
- Condor S.P.A.
- Sunbelt Rentals Inc.
- Ulma C Y E
- Coop.
- United Rentals, Inc.
- Apollo Scaffold Services Ltd.
- Asa Scaffolding Services Ltd.
- Asw Scaffolding Ltd.
- Atlantic Pacific Equipment (At-Pac), Inc.
- Brand Energy & Infrastructure Holdings, Inc.