Forklift Rental Market
Forklift Rental Market Analysis by Electric, Diesel, and Gasoline / LPG / CNG in Below 3.5 Tons, 3.5 to 7 Tons, 7 to 10 Tons, and Above 10 Tons from 2023 to 2033
Analysis of Forklift Rental Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Forklift Rental Market Growth Outlook (2023 to 2033)
The global forklift rental market is expected to reach a valuation of US$ 10.3 billion in 2023, up from US$ 9.9 billion in 2022 and the market is expected to grow at a CAGR of 6.5% during the forecast period.
Various industries, such as warehousing, logistics, manufacturing, and construction, require forklifts for their day-to-day operations. Renting allows businesses in these sectors to access specialized forklift models tailored to their specific needs, such as rough-terrain forklifts or narrow-aisle forklifts.
| Report Attributes | Details |
|---|---|
|
Forklift Rental Market Size (2022A) |
US$ 9.9 Billion |
|
Estimated Market Value (2023E) |
US$ 10.3 Billion |
|
Forecasted Market Value (2033F) |
US$ 16.3 Billion |
|
Global Market Growth Rate (2023-2033) |
4.7% CAGR |
|
United States Market Share (2023) |
24.7% |
|
China Market Growth Rate (2023-2033) |
5.0% CAGR |
|
United States Market Growth Rate (2023-2033) |
4.9% CAGR |
|
Market Share of Top 3 Countries |
52.9% |
|
Key Companies Profiled |
|
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Comprehensive Analysis of the Forklift Rental Market
The forklift is a vehicle that has power operated fork platform, mainly used for lifting and moving goods for short distances. The forklift is gaining popularity due to the reason of easy and efficient solution to warehouse management. As with the digitalization and expansion of the e-commerce industry, there is a rise in the demand for warehouse management. Resulting in to increase in the demand for forklifts.
- Short Term (2023-2026): Continuous expansion in the logistics sector will drive the market as the increase in the market growth of the e-commerce industry will lead to an increase in demand for forklift rental depending on the requirement and tenure of the project and warehouse requirements.
- Medium Term (2026-2029): Electric forklifts will lead the market growth with the rising concern of the environment and sustainability. The industry is shifting towards eco-friendly ways in order to reduce the carbon footprint along with cost-cutting technology.
- Long Term (2029-2033): Efforts led by market players to curb the demand pool and gain high-profit margins coupled with strategic investment in digital presence are likely to drive the market growth in coming years.
Over the 2018-2022 historical period, the global forklift rental market registered a CAGR of 4.9%, and according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 4.7% CAGR between 2023 and 2033.
Market share analysis of forklift rental based on the power source and region is illustrated briefly in the above image. Under the power source segment, the electric sub-segment will dominate with 69.1% market share in 2023.
Market Dynamics Outlook
“Growing E-commerce Industry to Drive Forklift Rental Market Growth”
The demand and expansion for the forklift rental business are significantly impacted by the e-commerce industry's trend. There is a boom in warehouse and logistics activities as a result of the popularity of online shopping, which calls for effective material-handling tools like forklifts.
Forklift rentals are an excellent option for e-commerce enterprises to satisfy their changing needs without making the long-term commitment of acquiring equipment because these businesses frequently encounter seasonal peaks and fluctuating order volumes. Rental firms for forklifts offer various alternatives, enabling e-commerce companies to increase their operations during peak times and cut costs during off-peak times.
Renting forklifts enables firms to access the newest models with innovative features, enhancing productivity and operational efficiency. Additionally, the e-commerce sector needs short turnaround times and effective order fulfillment. As a result, the demand for forklift rentals, a vital part of the industry's supply chain infrastructure, has increased due to the development of e-commerce.
“Factors Affecting Market Growth”
Some rental providers require businesses to sign long-term contracts or commitments, which is a deterrent for companies with fluctuating or uncertain needs. Businesses that prefer short-term rentals or flexible arrangements are likely to be hesitant to engage in long-term contracts, limiting their participation in the rental market.
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Country-wise Insights
Why US Market is Flourishing for the Forklift Rental Market?
The United States has a robust economy with a diverse range of industries, including manufacturing, construction, warehousing, logistics, and retail. As these sectors experience growth and expansion, there is an increased demand for material-handling equipment like forklifts. Renting forklifts offers businesses in the US flexibility and cost optimization.
Companies can adapt their forklift fleet size and types based on their fluctuating needs, allowing them to efficiently manage operational demands without making long-term investments in purchasing equipment. Rental eliminates the upfront costs associated with purchasing forklifts, such as acquisition, maintenance, and storage, providing cost savings and capital allocation for other business priorities.
What Factors Drive the Chinese Forklift Rental Market?
China is known as the "world's factory" due to its robust manufacturing sector. The country's industrial and manufacturing activities continue to grow, leading to an increased demand for material-handling equipment like forklifts. As new manufacturing facilities are established or existing ones expand their operations, the need for forklifts to handle materials, transport goods, and support production processes rises correspondingly.
Renting forklifts provides manufacturing companies with flexibility and scalability. As production requirements fluctuate or change, businesses can easily adjust their forklift fleet size and types based on their immediate needs. Rental allows manufacturers to quickly scale their operations without significant upfront costs, providing the agility required to adapt to market demand and maintain operational efficiency.
Category-wise Insights
Why Demand for Electric Forklift is Surging?
There is increasing global awareness and emphasis on environmental sustainability and reducing carbon emissions. Electric forklifts have zero emissions at the point of use, as they do not burn fossil fuels like diesel or LPG. This makes them an attractive choice for businesses looking to align with sustainable practices and meet regulatory requirements related to emissions and environmental impact.
Electric forklifts are generally more energy-efficient compared to internal combustion engine (ICE) forklifts. They have lower operating costs as electricity is often cheaper than fuel, especially in regions with high fuel prices. Additionally, electric forklifts have fewer moving parts, reducing maintenance and repair costs over time. Renting electric forklifts allows businesses to benefit from these cost savings without the upfront investment in purchasing electric equipment. On the back of the aforementioned factors demand for electric forklifts is high in the market.
How Does Logistics Industry Growth Drives Forklift Rental Market Growth?
The logistics sector heavily relies on efficient material handling operations to manage the movement, storage, and distribution of goods. Forklifts are essential equipment in logistics warehouses, distribution centers, and transportation hubs for tasks like loading/unloading, stacking, and order picking. The expansion of the logistics sector translates into higher demand for forklifts, leading to increased rental opportunities.
Logistics operations are becoming more complex and adaptive due to changing consumer expectations, e-commerce growth, and global supply chain dynamics. This necessitates agile and versatile equipment solutions. Forklift rental allows logistics companies to access a wide range of forklift models and attachments, enabling them to adapt to diverse operational requirements, such as narrow-aisle forklifts, reach trucks, or specialized handling attachments.
The logistics industry operates in a highly competitive environment with tight margins. Renting forklifts can be a cost-effective strategy to optimize expenses and improve operational efficiency. Renting eliminates the upfront costs associated with purchasing forklifts, such as acquisition costs, maintenance, repairs, and depreciation. Logistics companies can allocate their capital resources to other critical areas while relying on rental providers to maintain and service the forklift fleet.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Prominent forklift rental service providers are United Rentals, Sunbelt Rentals, Herc Rentals, BlueLine Rental, Ryder Material Handling, Crown Rental Services, The Home Depot Rental, and BigRentz.
Forklift rental providers often diversify their offerings to cater to a broader range of customer needs. This may include expanding the types of forklifts available for rent, such as electric forklifts, specialized forklifts, or high-capacity forklifts. Additionally, rental providers offer complementary services like maintenance, training, and consulting to provide a comprehensive solution to their customers.
Fact.MR has provided detailed information about the key rental service providers of forklifts, their total fleet, service portfolio, and revenue growth, in the recently published report.
Segmentation of Forklift Rental Industry Research
-
By Operation :
- Class 1
- Class 2
- Class 3
- Class 4
- Class 5
- Class 6
- Class 7
-
By Operating Capacity :
- Below 3.5 Tons
- 3.5-7 Tons
- 7-10 Tons
- Above 10 Tons
-
By Power Source :
- Electric
- Diesel
- Gasoline / LPG / CNG
-
By End-Use Sector :
- Retail / Contracting
- Logistics
- Industrial & Manufacturing
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & ASEAN
- Oceania
- Middle East & Africa
Table of Content
1. Market – Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. Introduction of Forklift Market 3.2. Recent Developments and Technological Evolution Analysis 3.3. Market: Application Mapping 3.4. Market Opportunity Assessment 3.4.1. Total Available Market (US$ million) 3.4.2. Serviceable Addressable Market (US$ million) 3.4.3. Serviceable Obtainable Market (US$ million) 3.5. Market Dynamics 3.5.1. Market Growth Drivers 3.5.2. Market Restraints 3.5.3. Market Opportunity 3.5.4. Market Trends 3.6. Industry Value and Supply Chain Analysis 3.6.1. Value Added at Each Node of Supply Chain 3.6.2. Gross Profitability Margins (at Every Level) 3.6.3. List of Key Participants 3.7. Forecast and Macro–Economic Factors – Relevance and Impact 3.8. Key Success Factors 4. Global Market Value (US$ million) Analysis and Forecast 4.1. Historical Market Value (US$ million) Analysis, 2018–2022 4.2. Current and Future Market Value (US$ million) Projections, 2023–2033 4.2.1. Y–o–Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis and Forecast, By Power Source 5.1. Introduction / Key Findings 5.2. Historical Market Size (US$ million) Analysis By Power Source, 2018–2022 5.3. Current and Future Market Size (US$ million) Analysis and Forecast By Power Source, 2023–2033 5.3.1. Electric 5.3.2. Diesel 5.3.3. Gasoline / LPG / CNG 5.4. Market Attractiveness Analysis By Power Source 6. Global Market Analysis and Forecast, By Operating Capacity 6.1. Introduction / Key Findings 6.2. Historical Market Size (US$ million) Analysis By Operating Capacity, 2018–2022 6.3. Current and Future Market Size (US$ million) Analysis and Forecast By Operating Capacity, 2023–2033 6.3.1. Below 3.5 Tons 6.3.2. 3.5-7 Tons 6.3.3. 7-10 Tons 6.3.4. Above 10 Tons 6.4. Market Attractiveness Analysis By Operating Capacity 7. Global Market Analysis and Forecast, By Operation 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ million) Analysis By Operation, 2018–2022 7.3. Current and Future Market Size (US$ million) Analysis and Forecast By Operation, 2023–2033 7.3.1. Class 1 7.3.2. Class 2 7.3.3. Class 3 7.3.4. Class 4 7.3.5. Class 5 7.3.6. Class 6 7.3.7. Class 7 7.4. Market Attractiveness Analysis By Operation 8. Global Market Analysis and Forecast, By End Use Sector 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ million) Analysis By End Use Sector, 2018–2022 8.3. Current and Future Market Size (US$ million) Analysis and Forecast By End Use Sector, 2023–2033 8.3.1. Retail / Contracting 8.3.2. Logistics 8.3.3. Industrial & Manufacturing 8.3.4. Others 8.4. Market Attractiveness Analysis By End Use Sector 9. Global Market Analysis and Forecast, By Region 9.1. Introduction 9.2. Historical Market Size (US$ million) Analysis By Region, 2018–2022 9.3. Current Market Size (US$ million) Analysis and Forecast By Region, 2023–2033 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. East Asia 9.3.5. South Asia & Oceania 9.3.6. Middle East & Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis and Forecast 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2018–2022 10.3. Market Size (US$ million) Forecast By Market Taxonomy, 2023–2033 10.3.1. By Country 10.3.1.1. U.S. 10.3.1.2. Canada 10.3.2. By Power Source 10.3.3. By Operating Capacity 10.3.4. By Operation 10.3.5. By End Use Sector 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Power Source 10.4.3. By Operating Capacity 10.4.4. By Operation 10.4.5. By End Use Sector 11. Latin America Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2018–2022 11.3. Market Size (US$ million) Forecast By Market Taxonomy, 2023–2033 11.3.1. By Country 11.3.1.1. Brazil 11.3.1.2. Mexico 11.3.1.3. Argentina 11.3.1.4. Rest of Latin America 11.3.2. By Power Source 11.3.3. By Operating Capacity 11.3.4. By Operation 11.3.5. By End Use Sector 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Power Source 11.4.3. By Operating Capacity 11.4.4. By Operation 11.4.5. By End Use Sector 12. Europe Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2018–2022 12.3. Market Size (US$ million) Forecast By Market Taxonomy, 2023–2033 12.3.1. By Country 12.3.1.1. Germany 12.3.1.2. France 12.3.1.3. Italy 12.3.1.4. Spain 12.3.1.5. U.K. 12.3.1.6. BENELUX 12.3.1.7. Russia 12.3.1.8. Rest of Europe 12.3.2. By Power Source 12.3.3. By Operating Capacity 12.3.4. By Operation 12.3.5. By End Use Sector 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Power Source 12.4.3. By Operating Capacity 12.4.4. By Operation 12.4.5. By End Use Sector 13. East Asia Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2018–2022 13.3. Market Size (US$ million) Forecast By Market Taxonomy, 2023–2033 13.3.1. By Country 13.3.1.1. China 13.3.1.2. Japan 13.3.1.3. South Korea 13.3.2. By Power Source 13.3.3. By Operating Capacity 13.3.4. By Operation 13.3.5. By End Use Sector 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Power Source 13.4.3. By Operating Capacity 13.4.4. By Operation 13.4.5. By End Use Sector 14. South Asia & Oceania Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2018–2022 14.3. Market Size (US$ million) Forecast By Market Taxonomy, 2023–2033 14.3.1. By Country 14.3.1.1. India 14.3.1.2. Thailand 14.3.1.3. Indonesia 14.3.1.4. Malaysia 14.3.1.5. Australia & New Zealand 14.3.1.6. Rest of South Asia & Oceania 14.3.2. By Power Source 14.3.3. By Operating Capacity 14.3.4. By Operation 14.3.5. By End Use Sector 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Power Source 14.4.3. By Operating Capacity 14.4.4. By Operation 14.4.5. By End Use Sector 15. Middle East & Africa Market Analysis and Forecast 15.1. Introduction / Key Findings 15.2. Historical Market Size (US$ million) Trend Analysis By Market Taxonomy, 2018–2022 15.3. Market Size (US$ million) Forecast By Market Taxonomy, 2023–2033 15.3.1. By Country 15.3.1.1. GCC Countries 15.3.1.2. South Africa 15.3.1.3. Northern Africa 15.3.1.4. Turkiye 15.3.1.5. Rest of Middle East & Africa 15.3.2. By Power Source 15.3.3. By Operating Capacity 15.3.4. By Operation 15.3.5. By End Use Sector 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Power Source 15.4.3. By Operating Capacity 15.4.4. By Operation 15.4.5. By End Use Sector 16. Country–level Market Analysis and Forecast 16.1. Introduction / Key Findings 16.1.1. Market Value Proportion Analysis, By Key Countries 16.1.2. Global Vs. Country Growth Comparison 16.2. US Market Analysis 16.2.1. Value Proportion Analysis by Market Taxonomy 16.2.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.2.2.1. By Power Source 16.2.2.2. By Operating Capacity 16.2.2.3. By Operation 16.2.2.4. By End Use Sector 16.3. Canada Market Analysis 16.3.1. Value Proportion Analysis by Market Taxonomy 16.3.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.3.2.1. By Power Source 16.3.2.2. By Operating Capacity 16.3.2.3. By Operation 16.3.2.4. By End Use Sector 16.4. Brazil Market Analysis 16.4.1. Value Proportion Analysis by Market Taxonomy 16.4.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.4.2.1. By Power Source 16.4.2.2. By Operating Capacity 16.4.2.3. By Operation 16.4.2.4. By End Use Sector 16.5. Mexico Market Analysis 16.5.1. Value Proportion Analysis by Market Taxonomy 16.5.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.5.2.1. By Power Source 16.5.2.2. By Operating Capacity 16.5.2.3. By Operation 16.5.2.4. By End Use Sector 16.6. Argentina Market Analysis 16.6.1. Value Proportion Analysis by Market Taxonomy 16.6.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.6.2.1. By Power Source 16.6.2.2. By Operating Capacity 16.6.2.3. By Operation 16.6.2.4. By End Use Sector 16.7. Germany Market Analysis 16.7.1. Value Proportion Analysis by Market Taxonomy 16.7.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.7.2.1. By Power Source 16.7.2.2. By Operating Capacity 16.7.2.3. By Operation 16.7.2.4. By End Use Sector 16.8. France Market Analysis 16.8.1. Value Proportion Analysis by Market Taxonomy 16.8.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.8.2.1. By Power Source 16.8.2.2. By Operating Capacity 16.8.2.3. By Operation 16.8.2.4. By End Use Sector 16.9. Italy Market Analysis 16.9.1. Value Proportion Analysis by Market Taxonomy 16.9.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.9.2.1. By Power Source 16.9.2.2. By Operating Capacity 16.9.2.3. By Operation 16.9.2.4. By End Use Sector 16.10. Spain Market Analysis 16.10.1. Value Proportion Analysis by Market Taxonomy 16.10.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.10.2.1. By Power Source 16.10.2.2. By Operating Capacity 16.10.2.3. By Operation 16.10.2.4. By End Use Sector 16.11. BENELUX Market Analysis 16.11.1. Value Proportion Analysis by Market Taxonomy 16.11.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.11.2.1. By Power Source 16.11.2.2. By Operating Capacity 16.11.2.3. By Operation 16.11.2.4. By End Use Sector 16.12. Russia Market Analysis 16.12.1. Value Proportion Analysis by Market Taxonomy 16.12.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.12.2.1. By Power Source 16.12.2.2. By Operating Capacity 16.12.2.3. By Operation 16.12.2.4. By End Use Sector 16.13. U.K. Market Analysis 16.13.1. Value Proportion Analysis by Market Taxonomy 16.13.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.13.2.1. By Power Source 16.13.2.2. By Operating Capacity 16.13.2.3. By Operation 16.13.2.4. By End Use Sector 16.14. China Market Analysis 16.14.1. Value Proportion Analysis by Market Taxonomy 16.14.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.14.2.1. By Power Source 16.14.2.2. By Operating Capacity 16.14.2.3. By Operation 16.14.2.4. By End Use Sector 16.15. Japan Market Analysis 16.15.1. Value Proportion Analysis by Market Taxonomy 16.15.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.15.2.1. By Power Source 16.15.2.2. By Operating Capacity 16.15.2.3. By Operation 16.15.2.4. By End Use Sector 16.16. South Korea Market Analysis 16.16.1. Value Proportion Analysis by Market Taxonomy 16.16.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.16.2.1. By Power Source 16.16.2.2. By Operating Capacity 16.16.2.3. By Operation 16.16.2.4. By End Use Sector 16.17. India Market Analysis 16.17.1. Value Proportion Analysis by Market Taxonomy 16.17.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.17.2.1. By Power Source 16.17.2.2. By Operating Capacity 16.17.2.3. By Operation 16.17.2.4. By End Use Sector 16.18. ASEAN Countries Market Analysis 16.18.1. Value Proportion Analysis by Market Taxonomy 16.18.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.18.2.1. By Power Source 16.18.2.2. By Operating Capacity 16.18.2.3. By Operation 16.18.2.4. By End Use Sector 16.19. Australia Market Analysis 16.19.1. Value Proportion Analysis by Market Taxonomy 16.19.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.19.2.1. By Power Source 16.19.2.2. By Operating Capacity 16.19.2.3. By Operation 16.19.2.4. By End Use Sector 16.20. GCC Countries Market Analysis 16.20.1. Value Proportion Analysis by Market Taxonomy 16.20.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.20.2.1. By Power Source 16.20.2.2. By Operating Capacity 16.20.2.3. By Operation 16.20.2.4. By End Use Sector 16.21. Turkiye Market Analysis 16.21.1. Value Proportion Analysis by Market Taxonomy 16.21.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.21.2.1. By Power Source 16.21.2.2. By Operating Capacity 16.21.2.3. By Operation 16.21.2.4. By End Use Sector 16.22. South Africa Market Analysis 16.22.1. Value Proportion Analysis by Market Taxonomy 16.22.2. Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 16.22.2.1. By Power Source 16.22.2.2. By Operating Capacity 16.22.2.3. By Operation 16.22.2.4. By End Use Sector 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration of Players 17.3. Market Share Analysis of Top Players 17.4. Market Presence Analysis 18. Market Competition Analysis 18.1. Competition Dashboard 18.2. Competition Deep Dive: 18.2.1. BigRentz 18.2.1.1. Overview 18.2.1.2. Key Financials 18.2.1.3. SWOT Analysis 18.2.1.4. Key Developments 18.2.1.5. Strategy Overview 18.2.2. BlueLine Rental 18.2.2.1. Overview 18.2.2.2. Key Financials 18.2.2.3. SWOT Analysis 18.2.2.4. Key Developments 18.2.2.5. Strategy Overview 18.2.3. Crown Rental Services 18.2.3.1. Overview 18.2.3.2. Key Financials 18.2.3.3. SWOT Analysis 18.2.3.4. Key Developments 18.2.3.5. Strategy Overview 18.2.4. Herc Rentals 18.2.4.1. Overview 18.2.4.2. Key Financials 18.2.4.3. SWOT Analysis 18.2.4.4. Key Developments 18.2.4.5. Strategy Overview 18.2.5. Ryder Material Handling 18.2.5.1. Overview 18.2.5.2. Key Financials 18.2.5.3. SWOT Analysis 18.2.5.4. Key Developments 18.2.5.5. Strategy Overview 18.2.6. Sunbelt Rentals 18.2.6.1. Overview 18.2.6.2. Key Financials 18.2.6.3. SWOT Analysis 18.2.6.4. Key Developments 18.2.6.5. Strategy Overview 18.2.7. The Home Depot Rental 18.2.7.1. Overview 18.2.7.2. Key Financials 18.2.7.3. SWOT Analysis 18.2.7.4. Key Developments 18.2.7.5. Strategy Overview 18.2.8. United Rentals 18.2.8.1. Overview 18.2.8.2. Key Financials 18.2.8.3. SWOT Analysis 18.2.8.4. Key Developments 18.2.8.5. Strategy Overview 18.2.9. Other Prominent Players 18.2.9.1. Overview 18.2.9.2. Key Financials 18.2.9.3. SWOT Analysis 18.2.9.4. Key Developments 18.2.9.5. Strategy Overview 19. Assumptions & Acronyms Used 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) by Region, 2018–2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023–2033
Table 03. Global Market Value (US$ million) By Power Source, 2018–2022
Table 04. Global Market Value (US$ million) and Forecast By Power Source, 2023–2033
Table 05. Global Market Value (US$ million) By Operating Capacity, 2018–2022
Table 06. Global Market Value (US$ million) and Forecast By Operating Capacity, 2023–2033
Table 07. Global Market Value (US$ million) By Operation, 2018–2022
Table 08. Global Market Value (US$ million) and Forecast By Operation, 2023–2033
Table 09. Global Market Value (US$ million) By End Use Sector, 2018–2022
Table 10. Global Market Value (US$ million) and Forecast By End Use Sector, 2023–2033
Table 11. North America Market Value (US$ million) by Country, 2018–2022
Table 12. North America Market Value (US$ million) and Forecast by Country, 2023–2033
Table 13. North America Market Value (US$ million) By Power Source, 2018–2022
Table 14. North America Market Value (US$ million) and Forecast By Power Source, 2023–2033
Table 15. North America Market Value (US$ million) By Operating Capacity, 2018–2022
Table 16. North America Market Value (US$ million) and Forecast By Operating Capacity, 2023–2033
Table 17. North America Market Value (US$ million) By Operation, 2018–2022
Table 18. North America Market Value (US$ million) and Forecast By Operation, 2023–2033
Table 19. North America Market Value (US$ million) By End Use Sector, 2018–2022
Table 20. North America Market Value (US$ million) and Forecast By End Use Sector, 2023–2033
Table 21. Latin America Market Value (US$ million) by Country, 2018–2022
Table 22. Latin America Market Value (US$ million) and Forecast by Country, 2023–2033
Table 23. Latin America Market Value (US$ million) By Power Source, 2018–2022
Table 24. Latin America Market Value (US$ million) and Forecast By Power Source, 2023–2033
Table 25. Latin America Market Value (US$ million) By Operating Capacity, 2018–2022
Table 26. Latin America Market Value (US$ million) and Forecast By Operating Capacity, 2023–2033
Table 27. Latin America Market Value (US$ million) By Operation, 2018–2022
Table 28. Latin America Market Value (US$ million) and Forecast By Operation, 2023–2033
Table 29. Latin America Market Value (US$ million) By End Use Sector, 2018–2022
Table 30. Latin America Market Value (US$ million) and Forecast By End Use Sector, 2023–2033
Table 31. Europe Market Value (US$ million) by Country, 2018–2022
Table 32. Europe Market Value (US$ million) and Forecast by Country, 2023–2033
Table 33. Europe Market Value (US$ million) By Power Source, 2018–2022
Table 34. Europe Market Value (US$ million) and Forecast By Power Source, 2023–2033
Table 35. Europe Market Value (US$ million) By Operating Capacity, 2018–2022
Table 36. Europe Market Value (US$ million) and Forecast By Operating Capacity, 2023–2033
Table 37. Europe Market Value (US$ million) By Operation, 2018–2022
Table 38. Europe Market Value (US$ million) and Forecast By Operation, 2023–2033
Table 39. Europe Market Value (US$ million) By End Use Sector, 2018–2022
Table 40. Europe Market Value (US$ million) and Forecast By End Use Sector, 2023–2033
Table 41. East Asia Market Value (US$ million) by Country, 2018–2022
Table 42. East Asia Market Value (US$ million) and Forecast by Country, 2023–2033
Table 43. East Asia Market Value (US$ million) By Power Source, 2018–2022
Table 44. East Asia Market Value (US$ million) and Forecast By Power Source, 2023–2033
Table 45. East Asia Market Value (US$ million) By Operating Capacity, 2018–2022
Table 46. East Asia Market Value (US$ million) and Forecast By Operating Capacity, 2023–2033
Table 47. East Asia Market Value (US$ million) By Operation, 2018–2022
Table 48. East Asia Market Value (US$ million) and Forecast By Operation, 2023–2033
Table 49. East Asia Market Value (US$ million) By End Use Sector, 2018–2022
Table 50. East Asia Market Value (US$ million) and Forecast By End Use Sector, 2023–2033
Table 51. South Asia & Oceania Market Value (US$ million) by Country, 2018–2022
Table 52. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023–2033
Table 53. South Asia & Oceania Market Value (US$ million) By Power Source, 2018–2022
Table 54. South Asia & Oceania Market Value (US$ million) and Forecast By Power Source, 2023–2033
Table 55. South Asia & Oceania Market Value (US$ million) By Operating Capacity, 2018–2022
Table 56. South Asia & Oceania Market Value (US$ million) and Forecast By Operating Capacity, 2023–2033
Table 57. South Asia & Oceania Market Value (US$ million) By Operation, 2018–2022
Table 58. South Asia & Oceania Market Value (US$ million) and Forecast By Operation, 2023–2033
Table 59. South Asia & Oceania Market Value (US$ million) By End Use Sector, 2018–2022
Table 60. South Asia & Oceania Market Value (US$ million) and Forecast By End Use Sector, 2023–2033
Table 61. MEA Market Value (US$ million) by Country, 2018–2022
Table 62. MEA Market Value (US$ million) and Forecast by Country, 2023–2033
Table 63. MEA Market Value (US$ million) By Power Source, 2018–2022
Table 64. MEA Market Value (US$ million) and Forecast By Power Source, 2023–2033
Table 65. MEA Market Value (US$ million) By Operating Capacity, 2018–2022
Table 66. MEA Market Value (US$ million) and Forecast By Operating Capacity, 2023–2033
Table 67. MEA Market Value (US$ million) By Operation, 2018–2022
Table 68. MEA Market Value (US$ million) and Forecast By Operation, 2023–2033
Table 69. MEA Market Value (US$ million) By End Use Sector, 2018–2022
Table 70. MEA Market Value (US$ million) and Forecast By End Use Sector, 2023–2033
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List Of Figures
Figure 01. Global Market Value (US$ million) Forecast, 2023–2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 03. Global Market Value (US$ million) by Region, 2023 & 2033
Figure 04. Global Market Y–o–Y Growth Rate by Region, 2023–2033
Figure 05. Global Market Value (US$ million) By Power Source, 2023 & 2033
Figure 06. Global Market Y–o–Y Growth Rate By Power Source, 2023–2033
Figure 07. Global Market Value (US$ million) By Operating Capacity, 2023 & 2033
Figure 08. Global Market Y–o–Y Growth Rate By Operating Capacity, 2023–2033
Figure 09. Global Market Value (US$ million) By Operation, 2023 & 2033
Figure 10. Global Market Y–o–Y Growth Rate By Operation, 2023–2033
Figure 11. Global Market Value (US$ million) By End Use Sector, 2023 & 2033
Figure 12. Global Market Y–o–Y Growth Rate By End Use Sector, 2023–2033
Figure 13. North America Market Value (US$ million) Forecast, 2023–2033
Figure 14. North America Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 15. North America Market Value (US$ million) by Country, 2023 & 2033
Figure 16. North America Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 17. North America Market Value (US$ million) By Power Source, 2023 & 2033
Figure 18. North America Market Y–o–Y Growth Rate By Power Source, 2023–2033
Figure 19. North America Market Value (US$ million) By Operating Capacity, 2023 & 2033
Figure 20. North America Market Y–o–Y Growth Rate By Operating Capacity, 2023–2033
Figure 21. North America Market Value (US$ million) By Operation, 2023 & 2033
Figure 22. North America Market Y–o–Y Growth Rate By Operation, 2023–2033
Figure 23. North America Market Value (US$ million) By End Use Sector, 2023 & 2033
Figure 24. North America Market Y–o–Y Growth Rate By End Use Sector, 2023–2033
Figure 25. North America Market Attractiveness Analysis by Country, 2023–2033
Figure 26. North America Market Attractiveness Analysis By Power Source, 2023–2033
Figure 27. North America Market Attractiveness Analysis By Operating Capacity, 2023–2033
Figure 28. North America Market Attractiveness Analysis By Operation, 2023–2033
Figure 29. North America Market Attractiveness Analysis By End Use Sector, 2023–2033
Figure 30. Latin America Market Value (US$ million) Forecast, 2023–2033
Figure 31. Latin America Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 32. Latin America Market Value (US$ million) By Country, 2023 & 2033
Figure 33. Latin America Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 34. Latin America Market Value (US$ million) By Power Source, 2023 & 2033
Figure 35. Latin America Market Y–o–Y Growth Rate By Power Source, 2023–2033
Figure 36. Latin America Market Value (US$ million) By Operating Capacity, 2023 & 2033
Figure 37. Latin America Market Y–o–Y Growth Rate By Operating Capacity, 2023–2033
Figure 38. Latin America Market Value (US$ million) By Operation, 2023 & 2033
Figure 39. Latin America Market Y–o–Y Growth Rate By Operation, 2023–2033
Figure 40. Latin America Market Value (US$ million) By End Use Sector, 2023 & 2033
Figure 41. Latin America Market Y–o–Y Growth Rate By End Use Sector, 2023–2033
Figure 42. Latin America Market Attractiveness Analysis by Country, 2023–2033
Figure 43. Latin America Market Attractiveness Analysis By Power Source, 2023–2033
Figure 44. Latin America Market Attractiveness Analysis By Operating Capacity, 2023–2033
Figure 45. Latin America Market Attractiveness Analysis By Operation, 2023–2033
Figure 46. Latin America Market Attractiveness Analysis By End Use Sector, 2023–2033
Figure 47. Europe Market Value (US$ million) Forecast, 2023–2033
Figure 48. Europe Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 49. Europe Market Value (US$ million) By Country, 2023 & 2033
Figure 50. Europe Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 51. Europe Market Value (US$ million) By Power Source, 2023 & 2033
Figure 52. Europe Market Y–o–Y Growth Rate By Power Source, 2023–2033
Figure 53. Europe Market Value (US$ million) By Operating Capacity, 2023 & 2033
Figure 54. Europe Market Y–o–Y Growth Rate By Operating Capacity, 2023–2033
Figure 55. Europe Market Value (US$ million) By Operation, 2023 & 2033
Figure 56. Europe Market Y–o–Y Growth Rate By Operation, 2023–2033
Figure 57. Europe Market Value (US$ million) By End Use Sector, 2023 & 2033
Figure 58. Europe Market Y–o–Y Growth Rate By End Use Sector, 2023–2033
Figure 59. Europe Market Attractiveness Analysis by Country, 2023–2033
Figure 60. Europe Market Attractiveness Analysis By Power Source, 2023–2033
Figure 61. Europe Market Attractiveness Analysis By Operating Capacity, 2023–2033
Figure 62. Europe Market Attractiveness Analysis By Operation, 2023–2033
Figure 63. Europe Market Attractiveness Analysis By End Use Sector, 2023–2033
Figure 64. East Asia Market Value (US$ million) Forecast, 2023–2033
Figure 65. East Asia Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 66. East Asia Market Value (US$ million) By Country, 2023 & 2033
Figure 67. East Asia Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 68. East Asia Market Value (US$ million) By Power Source, 2023 & 2033
Figure 69. East Asia Market Y–o–Y Growth Rate By Power Source, 2023–2033
Figure 70. East Asia Market Value (US$ million) By Operating Capacity, 2023 & 2033
Figure 71. East Asia Market Y–o–Y Growth Rate By Operating Capacity, 2023–2033
Figure 72. East Asia Market Value (US$ million) By Operation, 2023 & 2033
Figure 73. East Asia Market Y–o–Y Growth Rate By Operation, 2023–2033
Figure 74. East Asia Market Value (US$ million) By End Use Sector, 2023 & 2033
Figure 75. East Asia Market Y–o–Y Growth Rate By End Use Sector, 2023–2033
Figure 76. East Asia Market Attractiveness Analysis by Country, 2023–2033
Figure 77. East Asia Market Attractiveness Analysis By Power Source, 2023–2033
Figure 78. East Asia Market Attractiveness Analysis By Operating Capacity, 2023–2033
Figure 79. East Asia Market Attractiveness Analysis By Operation, 2023–2033
Figure 80. East Asia Market Attractiveness Analysis By End Use Sector, 2023–2033
Figure 81. South Asia & Oceania Market Value (US$ million) Forecast, 2023–2033
Figure 82. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 83. South Asia & Oceania Market Value (US$ million) By Country, 2023 & 2033
Figure 84. South Asia & Oceania Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 85. South Asia & Oceania Market Value (US$ million) By Power Source, 2023 & 2033
Figure 86. South Asia & Oceania Market Y–o–Y Growth Rate By Power Source, 2023–2033
Figure 87. South Asia & Oceania Market Value (US$ million) By Operating Capacity, 2023 & 2033
Figure 88. South Asia & Oceania Market Y–o–Y Growth Rate By Operating Capacity, 2023–2033
Figure 89. South Asia & Oceania Market Value (US$ million) By Operation, 2023 & 2033
Figure 90. South Asia & Oceania Market Y–o–Y Growth Rate By Operation, 2023–2033
Figure 91. South Asia & Oceania Market Value (US$ million) By End Use Sector, 2023 & 2033
Figure 92. South Asia & Oceania Market Y–o–Y Growth Rate By End Use Sector, 2023–2033
Figure 93. South Asia & Oceania Market Attractiveness Analysis by Country, 2023–2033
Figure 94. South Asia & Oceania Market Attractiveness Analysis By Power Source, 2023–2033
Figure 95. South Asia & Oceania Market Attractiveness Analysis By Operating Capacity, 2023–2033
Figure 96. South Asia & Oceania Market Attractiveness Analysis By Operation, 2023–2033
Figure 97. South Asia & Oceania Market Attractiveness Analysis By End Use Sector, 2023–2033
Figure 98. MEA Market Value (US$ million) Forecast, 2023–2033
Figure 99. MEA Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 100. MEA Market Value (US$ million) By Country, 2023 & 2033
Figure 101. MEA Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 102. MEA Market Value (US$ million) By Power Source, 2023 & 2033
Figure 103. MEA Market Y–o–Y Growth Rate By Power Source, 2023–2033
Figure 104. MEA Market Value (US$ million) By Operating Capacity, 2023 & 2033
Figure 105. MEA Market Y–o–Y Growth Rate By Operating Capacity, 2023–2033
Figure 106. MEA Market Value (US$ million) By Operation, 2023 & 2033
Figure 107. MEA Market Y–o–Y Growth Rate By Operation, 2023–2033
Figure 108. MEA Market Value (US$ million) By End Use Sector, 2023 & 2033
Figure 109. MEA Market Y–o–Y Growth Rate By End Use Sector, 2023–2033
Figure 110. MEA Market Attractiveness Analysis by Country, 2023–2033
Figure 111. MEA Market Attractiveness Analysis By Power Source, 2023–2033
Figure 112. MEA Market Attractiveness Analysis By Operating Capacity, 2023–2033
Figure 113. MEA Market Attractiveness Analysis By Operation, 2023–2033
Figure 114. MEA Market Attractiveness Analysis By End Use Sector, 2023–2033
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- FAQs -
What is the Global Forklift Rental Market Size?
The global forklift rental market is currently valued at US$ 9.9 billion in 2022.
What will be the Growth Rate of the Global Forklift Market From 2023 to 2033?
The global forklift rental market is expected to grow with a 4.7% CAGR from 2023 to 2033.
How did the Market Perform Over the Last Few Years?
During 2018-2022, demand for forklift rental increased by 4.9% CAGR.
Which Country Forklift Rental Market Accounts for a Leading Market Share?
The United States tops the global forklift rental market, which accounts for a 24.7% market share in 2023.
Which Segment is Dominating the global Forklift rental market during 2022?
The electric forklift is predicted to account for a 69.1% share of the global market in 2023.
How is the US Forklift rental market projected to grow during 2023-2033?
The US region is predicted to grow by 4.9% during 2023-2033.
What was the outlook of the Chinese Forklift rental market during 2023-2033?
The Chinese region is predicted to grow by 4.5% during 2023-2033.
Forklift Rental Market