China Construction Machinery Industry Association: The rental rate index for lifting platforms in January was 431 points, a decrease of 29.9% compared to the previous month.

In January 2025, the rental rate index of lift platforms in the Chinese construction machinery industry was reported by the China Construction Machinery Industry Association to be 431 points, a decrease of 29.9% compared to the previous month and a decrease of 27.7% compared to the same period last year. Due to the impact of the annual Spring Festival holiday and its changing schedule, the rental rate index for January and February has always shown significant fluctuations. Overall, in January, the rental rate indexes for all models decreased compared to the previous month and the same period last year, with the models below 24m experiencing the largest decrease of over 30%, while models above 40m saw the smallest decrease of 11.4%. In January 2025, the rental rate index for each model compared to the same period last year showed that models below 12m had a decrease of over 30%, 14-28m models had a decrease of over 20%, and models above 30m had the smallest decrease, all exceeding 10%. In January 2025, the rental rate index for lift platform leasing industry: Rental Price Index According to the reported data, the rental price index for lift platforms in January 2025 continued to decrease by 2.0% compared to the previous month. The rental price indexes for each model showed relatively small fluctuations, with only a slight increase in the 40m and above models, while other models experienced slight decreases, with the smallest decrease for the 14-16m models of less than 1%. The rental price index for lift platforms in January 2025 also decreased by 18.0% compared to the same period last year, with all models showing a downward trend in rental prices, the 20-24m models experiencing the largest decrease of 21.5%, and the 14-16m models having the smallest decrease of 12.8%. In January 2025, the rental price index for lift platforms leasing industry: