Press release
Forklift Rental Market 2021 Analysis by Top Manufacturers- Zahid Tractor and Heavy Machinery, Al-Iman for Contracting & Trading
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Forklift Rental market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.The Forklift Rental Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the global Forklift Rental Market with its specific geographical regions.
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“Forklift Rental Market was valued at USD 103 billion in 2020, and it is expected to reach USD 137 billion by 2026, and is anticipated to register a CAGR of 4.78 % during the forecast period (2021 - 2026).”
Top leading Companies Profiled in Forklift Rental Market Report are Zahid Tractor and Heavy Machinery, Al-Iman for Contracting & Trading, Kanoo Machinery, Peax Equipment Rental, Byrne Equipment Rental, Al Faris, ISDC Rental Company, Bin Quraya Rental, Hertz Equipment Rental Corporation, Al Walid Equipment Rental
News and Latest Developments
Farmkart forays into agri-equipment rental biz; launches rent4farm platform- Agri startup Farmkart on Wednesday announced its foray into unstructured agriculture-equipment rental business by launching a tech-enabled platform rent4farm.
Mahindra Group Launches Agricultural Equipment Rental Startup Trringo- Mumbai-based automobile giant, Mahindra & Mahindra has announced the launch of its agricultural equipment rental services arm called Trringo.
Clark launches 8 tonne forklift- The manufacturer’s new C80D900 forklift, which can lift 8 tonnes at 900mm load centre, features a Deutz TD 3.6 l engine, a fully automatic three-speed gearbox and a maximum driving speed of 29.4km/h.
Market Overview
The construction industry is highly dynamic, and numerous factors, such as overall economy, budgets, and global economic scenario, are influencing the market’s growth. Volatility in these aspects affects the businesses of construction equipment OEMs, as well as construction rental equipment. This, in turn, is leading to price fluctuations of new, used, and rental equipment.
The ASEAN region holds significant opportunities for the growth in demand for construction machinery. With the prospects of large infrastructure projects and shifting labor dynamics, the construction equipment rental market is expected to witness growth post-2020 during the forecast period. With a sudden outbreak of COVID-19 pandemic across the world, many economic sectors, including the construction industry, have been under lockdown for a few weeks/months in the first quarter of 2020.
The Asia-Pacific is one of the largest markets that has witnessed a boom in the construction and infrastructural development, because of the growing emphasis by the governments on developing infrastructure for a sustainable economy. This region witnessed growth in the number of Special Economic Zones (SEZs), airports, metro construction, highway constructions, dams, hydroelectric projects, etc., in order to sustain high-level industrial activities, better connectivity, and growing energy demand. As a result, many international players are beginning to invest and are setting up manufacturing facilities and distribution centers in the region to meet the growing demand and to capture the regional market. Construction machinery manufacturers, such as Liebherr, Caterpillar, Hitachi, and Sumitomo Corporation, are offering rental services that face intense competition from numerous domestic and regional players, owing to the competitive pricing and technologically advanced equipment availability.
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Market Research Study Focus on these Types:
Market Research Study Focus on these Applications:
Construction
Automotive
Aerospace & Defense
Food & Beverages
Chemical Industry
Other
Global Forklift Rental Market: Regional Segment-
─North America (US, Canada)
─Europe (Germany, UK, France, Rest of Europe)
─Asia Pacific (China, Japan, India, Rest of Asia Pacific)
─Latin America (Brazil, Mexico)
─Middle East and Africa
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Key Takeaways from Forklift Rental Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Forklift Rental market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – Forklift Rental market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Forklift Rental
Forklift Rental Market Scenario:
This research report represents a detailed research overview of the competitive landscape of the Forklift Rental Market. Furthermore, it offers massive data relating to recent trends, developments, tools, and methodologies. The research report analyzes the Forklift Rental Market in a detailed manner for better insights into the businesses.
The report evaluates the growth rate and the Market value based on Market dynamics, growth-inducing factors. The complete knowledge is based on the latest industry news, threats, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
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https://www.marketinsightsreports.com/reports/10203430555/china-forklift-rental-market-report-forecast-2021-2027?Mode=S21
Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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irfan@marketinsightsreports.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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