About Forklift Rental
A forklift is a small industrial vehicle. It is highly demanded by various industries such as construction, textile, pharmaceuticals, etc. Forklift Rental refers to services industries providing all equipment and tools of all sizes and kinds for a limited duration to end-users, such as the construction industry and individual consumers. It provides different rental plans like monthly and yearly.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.7% |
The global Forklift Rental market is fragmented with the presence of various players. Rental companies offer flexibility in terms of periods of hiring, hiring types, and also providing maintenance packages. Companies investing in the launch of different types of rental software. The player is also participating in strategic activities like mergers & acquisitions to enhance their market presence. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
United Rentals, Inc. (United States), Ashtead Group plc. (United Kingdom), AKTIO Corporation. (Japan), Aggreko (United Kingdom), Herc Rentals Inc. (United States), Loxam (United Kingdom), Kanamoto Co., Ltd. (Japan), NISHIO RENT ALL Co., Ltd. (Japan), Boels Rental. (Netherlands), Jungheinrich AG (Germany) and International Forklift Co. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Al Faris (United Arab Emirates), Emirates Forklifts Rental (United Arab Emirates), Avis Forklift (South Africa), Elite Truck Hire (South Africa) and EquipmentShare (United States).
Segmentation Overview
AMA Research has segmented the market of Global Forklift Rental market by and Region.
On the basis of geography, the market of Forklift Rental has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industries, the sub-segment i.e. Textile will boost the Forklift Rental market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Forklifts Type, the sub-segment i.e. Warehouse Forklift will boost the Forklift Rental market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Rental Rates, the sub-segment i.e. Daily will boost the Forklift Rental market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in the Technology of Forklift Rental Market Offering Solutions for Contactless Pick-Up and Delivery
Market Growth Drivers:
Increasing Demand For Flexible and Efficiency in Operation during Rapid Growth Season among The Industries
Challenges:
High Maintenance Cost Hampering the Forklift Rental Market
Restraints:
Geographical Location may be The Restraint for Forklift Rental Market
Opportunities:
Growing Construction Business and Industries in the World Creating Opportunities in the Forklift Rental Market
Market Leaders and their expansionary development strategies
In November 2022, United Rentals, Inc. announced it has provided all-electric trucks to Shell for use at its Geismar (La.) Chemical Manufacturing site. Shell is using the rental equipment to support plant maintenance operations as part of an on-site electric vehicle (EV) mobility pilot program. The program will test and evaluate electric vehicle use at the manufacturing facility to support future development of low-carbon, green fleet strategies for rental and Shell-owned vehicles.
In May 2023, Toyota Material Handling is launching three new electric forklift models, adding to the company’s lineup of material handling products and solutions. The new electric product launch features a Side-Entry End Rider, a Center Rider Stacker, and an Industrial Tow Tractor.
Key Target Audience
Forklift Rental Service Providers, Forklift Rental International Traders, Forklift Rental Potential Investors, Research and Development Institutes, Industry Associations, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.