What is the current Forklift Rental Market size?

The Forklift Rental Market is projected to register a CAGR of 4.78% during the forecast period (2024-2029) Read More

Who are the key players in Forklift Rental Market?

Caterpillar Inc, Crown Equipment Corporation , Sunbelt Rentals, Inc., Toyota Industries Corporation and Combilift Depot are the major companies operating in the Forklift Rental Market. Read More

Which is the fastest growing region in Forklift Rental Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Forklift Rental Market?

In 2024, the Asia-Pacific accounts for the largest market share in Forklift Rental Market. Read More

What years does this Forklift Rental Market cover?

The report covers the Forklift Rental Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Forklift Rental Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Forklift Rental Market Size & Share Analysis - Industry Research Report

Forklift Rental Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Forklift Rental Market is Segmented by Load Type (3.5 Tons, 10 Tons, and Above 10 Tons), End-use Type (Construction, Automotive, Aerospace and Defense, Warehouse and Logistics, and Other End-use Types), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecast for the forklift rental market in value (USD billion) for all the above segments.

Forklift Rental Industry Overview

The forklift rental market is fragmented, with the presence of several domestic and international players operating in the market. Partnerships, mergers, and acquisitions happen in the forklift rental industry. To install the newest features and technologies that will make the vehicle suitable for the needs of customers right now, OEMs are producing white-label vehicles for technology companies. For example,

In October 2022, H&E Equipment Services Inc. acquired One Source Equipment Rentals Inc. With the completion of the transaction, H&E expanded its branch network by 10 equipment rental locations. These locations include initial locations in Illinois, Indiana, and Kentucky. Furthermore, the company will expand its operational presence in the southern United States while investing approximately USD 138 million in the fleet, as measured by the original equipment cost.
In June 2022, to assist in the decarbonization of the construction and equipment rental industries, Sunbelt Rentals, a rental company for forklifts, and Britishvolt will collaborate closely to support the development of heavy plant and equipment battery solutions. Britishvolt, a leader in battery technology, has begun a strategic partnership with the largest equipment rental company in the United Kingdom to support the construction of the business's first fully operational 38 GWh battery Gigaplant in Northumberland and to foster "economies of carbon."