Zhejiang Dingli Machinery

What Zhejiang Dingli Machinery does

Zhejiang Dingli Machinery Co., Ltd. (浙江鼎力机械股份有限公司, SSE: 603338) is a leading Chinese manufacturer of aerial work platforms (AWPs), ranked among the top three globally and 40th among global construction machinery manufacturers by AWP segment. Founded in 2003 (with some sources citing 2005) and headquartered in Deqing, Zhejiang Province, the company designs, manufactures, and sells a comprehensive AWP portfolio spanning scissor lifts (work height 6-32m, max load 1,000kg), arm/boom lifts (16-44m, including self-developed D-Series and co-developed M-Series with Italian MAGNI and T-Series with German TEUPEN), mast lifts (7-14m), and differentiated/specialized equipment including the world's first batch-produced fully electric oil-free PA series scissor lifts, ship rust removal and painting robots, and tunnel drilling robots. Core technology emphasizes modular platform architecture (D/M/T series sharing 85% common parts across electric, diesel, and hybrid variants), full electrification with no-oil electric push rod systems replacing hydraulics, and algorithmic automation in robotic subsystems. The company holds 265 patents including 120 invention patents and 81 overseas patents.

The company operates a multi-channel go-to-market combining direct enterprise sales, an authorized dealer/distributor network spanning 80+ countries, and active participation in international exhibitions (CONEXPO-CON/AGG Las Vegas, CSPI EXPO Japan, regional engineering expos). Revenue is generated primarily through hardware sales of aerial work platforms to equipment rental companies, construction firms, and industrial end-users, with supplementary streams from financial leasing services (融资租赁), remanufacturing services, and 24/7 after-sales support. The customer base spans equipment rental companies (core B2B channel across North America, Europe, Asia, Latin America, Middle East, Australia), Japanese semiconductor factories and automotive manufacturers (via oil-free PA series), global shipbuilding and repair firms, Chinese hydropower projects (e.g., Yeba Tan Hydropower Station), National Power Grid (国家电网), nuclear power facilities, COMAC (中国商飞) in aerospace, and Jiangnan Shipyard (江南造船厂). Eight+ multilingual websites support localized digital presence across English, Spanish, Portuguese, French, German, Dutch, Korean, Japanese, and Chinese markets.

Financial performance shows revenue growing from approximately $789M (2022) to $1.23B (2025), a ~16% three-year CAGR, with EBITDA expanding from ~$185M to ~$311M over the same period and gross margins consistently in the mid-30% range. The company faces material trade policy headwinds: the U.S. Department of Commerce increased the countervailing duty rate on Dingli's mobile access equipment from 11.97% to 32.26% in the final results of the 2022 CVD review (2025-12-18), and its 2024 acquisition of California Manufacturing & Engineering Company has drawn national security scrutiny. Strategic responses include the 2024 U.S. acquisition, new robotics product lines for shipbuilding and tunnel engineering, and deeper penetration of cleanroom and precision manufacturing verticals.

Name

Zhejiang Dingli Machinery

Legal name

浙江鼎力机械股份有限公司 (Zhejiang Dingli Machinery Co., Ltd.)

Website

https://cndingli.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Zhejiang Dingli Machinery is a top-3 global manufacturer of aerial work platforms, producing electric, diesel, and hybrid scissor lifts, boom lifts, mast lifts, and specialized robotics for construction, manufacturing, shipbuilding, and infrastructure clients across 80+ countries.

Ownership category

akta.pro rank

Product category

Aerial Work Platform Manufacturing

NAICS

Material Handling Equipment Manufacturing (33392), Construction Machinery Manufacturing (33312), Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530), Construction Machinery & Equip (3531), Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Lifting Platforms & Aerial Work Platforms (MEWPs) (IMAHAJAJ)

Keywords

• Aerial work platforms
• Boom lifts
• Scissor lifts
• Mast work platforms
• Construction equipment manufacturing

Headquarters

HQ city

Deqing

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Aerial Work Platform Sales: Manufacture and sale of aerial work platforms including scissor lifts, boom lifts, mast lifts, and specialized robotic equipment. Revenue generated from direct sales to rental companies, construction firms, and industrial end-users globally.
2. Financial Services - Financing Lease: Company offers financing lease services to support customer equipment purchases, providing installment payment options for buyers.
3. Remanufacturing Services: Full lifecycle product services including remanufacturing, repair, and maintenance extending product life and generating recurring service revenue.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Zhejiang Dingli Machinery designs and manufactures aerial work platforms including boom lifts (16-44m), scissor lifts (6-32m), mast lifts (7-14m), and specialized robotic equipment (ship rust removal/painting robots, tunnel drilling robots). The company pioneered fully electric, oil-free scissor lift technology and offers modular platforms with electric, diesel, and hybrid power options. Complementary services include financial leasing, remanufacturing, and 24/7 support, serving rental companies, construction firms, and industrial manufacturers across 80+ countries.

Product overview

Zhejiang Dingli Machinery is a leading global manufacturer of aerial work platforms (高空作业平台), ranked among the Top 3 worldwide and #40 among global construction machinery manufacturers. The product portfolio comprises four main categories: (1) Arm/Boom Aerial Work Platforms (臂式) - including D series (16-22m, self-developed), M series (22-34m, co-developed with MAGNI Italy), and T series (36-44m, co-developed with TEUPEN Germany), available in electric, diesel, and hybrid; (2) Scissor Aerial Work Platforms (剪叉式) - mini electric, small electric dual-AC, and large rough terrain models (6-32m); (3) Mast-type Aerial Work Platforms (桅柱式) - self-propelled and mobile configurations (7-14m); (4) Specialized/Differentiated Equipment (差异化) - including glass suction trucks, tunnel drilling robots, shipyard rust removal/painting robots, and bridge platforms. The company pioneered the world's first fully electric oil-free PA series scissor lifts and offers comprehensive services including financial leasing, remanufacturing, and 24/7 support. Products serve construction, industrial manufacturing, shipbuilding, tunnel engineering, and infrastructure sectors across 80+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Arm/Boom Aerial Work Platforms (臂式高空作业平台) Self-propelled boom-type aerial work platforms including straight boom and articulating boom models. Modular design with electric, diesel, and hybrid power options. Work height coverage: 16-44m, max load 454kg. Targeted at construction companies, rental fleets, and industrial end-users.
• Scissor Aerial Work Platforms (剪叉式高空作业平台) Self-propelled scissor lifts including mini electric, small electric dual-AC, and large rough terrain models. Work height: 6-32m, max load 1000kg. Modular design with all-terrain capabilities and high-capacity battery systems for extended runtime. Used in construction, installation, and indoor maintenance.
• Mast-type Aerial Work Platforms (桅柱式高空作业平台) Mast-climbing work platforms available in self-propelled and mobile configurations. Over 20 specifications. Work height: 7-14m, max load 300kg. Battery-powered with compact design, zero noise, zero emissions. Suitable for warehouses, supermarkets, hotels, and airports.
• Differentiated/Specialized Aerial Work Platforms (差异化高空作业平台) Specialized aerial work equipment including glass suction trucks, tunnel drilling robots, aerial material handlers, template lifting trucks, and bridge-type aerial work platforms. Features robotic capabilities for specific industrial applications.
• PA Series Fully Electric Oil-Free Scissor Lifts (PA系列全电无油剪叉) World's first batch-produced fully electric, oil-free scissor lift series. No hydraulic system - uses electric push rods instead of traditional cylinders. Work height: 5-16m, load capacity: 230-450kg. Features low energy consumption, higher safety, easier maintenance, greater comfort, and environmental protection. Targets precision manufacturing environments such as semiconductor and automotive facilities.
• AC+ Series Electric Scissor Lifts (AC+系列电动剪叉) Upgraded electric scissor lift series with enhanced performance specifications. Features improved reliability, easier maintenance, and high market adoption. Includes lithium battery options.
• Shipyard Rust Removal and Painting Robots (船坞除锈喷涂机器人) Three models of collaborative robots for unmanned ship hull rust removal and painting. Operates on ship hulls, cargo holds, shipyards, and corner spaces. Uses core algorithms for automatic pressure adjustment based on rust level and distance. Includes ship bottom painting robot with compact design.
• Tunnel Drilling Robots (隧道打孔机器人) Globally pioneering tunnel drilling robots with automatic positioning, drilling, and dust collection capabilities. Provides high safety and efficiency, solving problems of high dust and aerial work risks in traditional tunnel construction. Models include DH0308E (3.5m), DH0512E (5.6m), DH1025RR-E (10.6m).
• BA17NE Compact Electric Boom Lift (BA17NE小型电动臂式) Compact electric boom lift designed for narrow spaces and indoor construction. Features small size, minimal turning radius, excellent crossing ability and flexibility. Solves overhead work challenges in complex working conditions.
• Financial Leasing Services (融资租赁服务) Financing lease services to support customer equipment acquisition, providing installment payment options for buyers.
• Remanufacturing Services (再制造服务) Complete machine remanufacturing services providing full lifecycle services for customers. Part of green manufacturing initiatives.
• 24/7 Service Support (7×24小时服务) Round-the-clock 'nanny-style' service support for customers.

Quantifiable outcome

• 40% higher action efficiency in T-Series compared to competitors
• +2 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered minor and core.

• California Manufacturing & Engineering CompanyminorOthers · 1 January 2024Acquisition of California Manufacturing & Engineering Company in 2024 by Zhejiang Dingli Machinery. Note: This acquisition was cited in a critical news article regarding PLA security clearances.
• MAGNI (Italy)coreStrategic or Co-development PartnerJoint development partnership with Italian company MAGNI for M-Series 22-34m arm-type aerial work platforms. M-Series features component downshift design with integrated axle, maximum load 454kg, strong power, easy maintenance. Products developed jointly under this partnership are marketed globally.
• TEUPEN (Germany)coreStrategic or Co-development PartnerJoint development partnership with German company TEUPEN for T-Series 36-44m arm-type aerial work platforms. T-Series features original expandable bridge patent design, globally unique standard container transport capability, and 40% higher action efficiency than competitors. Only arm series with full redundancy in electronic control.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Skyjack (Linamar Corporation): Canadian AWP manufacturer owned by Linamar. Direct scissor and boom lift competitor to Dingli, with strong North American rental channel relationships that compete head-to-head with Dingli's North America business.
• Niftylift: UK-based manufacturer of mobile elevating work platforms, including tracked and trailer-mounted booms. Competes with Dingli in niche boom and specialty MEWP categories, with strong European and U.S. presence.
• Manitou Group: French manufacturer of aerial work platforms, telehandlers, and rough-terrain material handling equipment. Competes with Dingli in scissor lifts and booms, with a strong European dealer footprint.
• Genie (Terex Corporation): Terex's AWP and telehandler brand, a top-tier global competitor to Dingli in boom and scissor lifts. Strong U.S./European rental channel penetration and broad electric portfolio make it a primary direct competitor.
• JLG Industries (Oshkosh): Industry-leading global AWP and telehandler manufacturer, owned by Oshkosh. Directly competes with Dingli across boom, scissor, and mast lifts, and is the dominant incumbent in the U.S. market where Dingli now faces elevated CVD.
• Haulotte Group: French global AWP manufacturer with a broad electric and diesel product line. Direct competitor to Dingli in scissor and articulating booms, particularly in Europe, the Middle East, and emerging markets.
• Aichi Corporation: Japan-based AWP and truck-mounted platform manufacturer. Directly comparable to Dingli in boom and truck-mounted lifts, with particular overlap in the Japanese and broader APAC markets where Dingli also has presence.
• Bronto Skylift (Moreton Group): Finnish manufacturer of truck-mounted aerial platforms with very high working heights. Comparable to Dingli in the truck-mounted and high-reach boom segments, with a strong European municipal and fire/rescue customer base.
• Time Manufacturing Company: U.S.-based manufacturer of truck-mounted aerial platforms and other specialized MEWPs. Competes with Dingli in truck-mounted booms and specialized work platforms, particularly in the U.S. and Latin America.

Emerging players

• Socage: Italian manufacturer of truck-mounted and compact aerial platforms. Competes in the European mid-market with a focus on truck-mounted and tracked platforms that overlap with Dingli's differentiated/specialized equipment line.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/zhejiangdingli
• LinkedInlinkedin.com/company/zhejiang-dingli-machinery-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zhejiang Dingli Machinery