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Australia Forklift Rental Market Size, Share, Growth, Report: By Load Type: Below 3.5 Tons, 3.6-10 Tons, Above 10 Tons; By End Use: Warehouse and Logistics, Construction, Automotive, Aerospace and Defence, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Australia Forklift Rental Market Outlook
The Australia forklift rental market size was valued at USD 148.1 million in 2023. The market is further projected to grow at a CAGR of 5.5% between 2024 and 2032, reaching a value of USD 240.9 million by 2032.
Key Takeaways
- The below 3.5 tons segment is anticipated to register the fastest CAGR, with the warehouse & logistics end-use segment expected to have the highest CAGR.
- As per industry reports, New South Wales is projected to experience the fastest growth rate, driven by the growing penetration of e-commerce in the region.
- Advancements in forklift technology have contributed to Australia forklift rental market development as modern forklifts come with features like electric power systems, improved ergonomics, integrated telematics, and enhanced safety features.
Rental forklifts allow businesses to handle seasonal fluctuations and increased workloads without substantial investments in new equipment. Factors that have helped increasing Australia forklift rental market share include the robust infrastructure developments in commercial buildings, residential projects, and transportation networks. The thriving mining and resources sector, along with ongoing construction projects, also necessitates reliable forklift rentals.
Moreover, the focus on workplace safety and compliance regulations emphasises the importance of well-maintained and modern forklifts, creating an opportunity for rental companies to offer specialised equipment meeting industry standards. Additionally, the exponential growth of the e-commerce industry and the increasing demand for quick deliveries, which have fuelled the need for efficient warehouse operations supported by forklift rentals.
The market is witnessing a shift towards sustainability with the adoption of eco-friendly electric forklifts, driven by environmental concerns and regulations. The integration of advanced technologies like IoT and automation in forklifts also enhances operational efficiency and safety. Companies like Crown Equipment Corporation are introducing advanced forklift models with integrated technology such as Crown InfoLink for enhanced fleet management and operator efficiency. Toyota Material Handling Australia has introduced a range of electric forklifts, including the Toyota 8FBN Series, known for their energy efficiency and reduced emissions.
Linde Material Handling Australia has launched autonomous forklift solutions like the Linde Robotics Forklift, designed to operate independently in warehouse environments. This reduces the scope of human error. All Lift Forklifts & Access Equipment specialises in providing forklift rental solutions to the construction industry, offering rough terrain forklifts, telehandlers, and compact forklifts for handling heavy materials and equipment efficiently. ForkForce Australia serves the automotive sector with a range of forklift rental options, including counterbalance forklifts and narrow aisle forklifts tailored to automotive applications, such as loading and unloading vehicles, parts storage, and assembly line operations.
Market Segmentation
Australia Forklift Rental Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Load Type
- Below 3.5 Tons
- 3.6-10 Tons
- Above 10 Tons
Market Breakup by End Use
- Warehouse and Logistics
- Construction
- Automotive
- Aerospace and Defence
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Competitive Landscape
Market players are investing in innovations, collaborations, and expansions to grow their market share and meet the evolving demands of logistics, warehousing, and manufacturing industries.
- Clark Equipment Group
- Crown Equipment Corporation
- Toyota Material Handling Australia Pty Limited
- Linde Material Handling Pty Limited
- Komatsu Ltd.
- Asset Technologies Pty Ltd.
- United Equipment Pty Ltd.
- Skyreach Pty Ltd.
- Jialift Australia Pty Ltd.
- NTP Pty Ltd. (Jungheinrich)
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Load Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Forklift Rental Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Forklift Rental Historical Market (2018-2023)
8.3 Asia Pacific Forklift Rental Market Forecast (2024-2032)
9 Australia Forklift Rental Market Overview
9.1 Key Industry Highlights
9.2 Australia Forklift Rental Historical Market (2018-2023)
9.3 Australia Forklift Rental Market Forecast (2024-2032)
10 Australia Forklift Rental Market by Load Type
10.1 Below 3.5 Tons
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 3.6-10 Tons
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Above 10 Tons
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Forklift Rental Market by End Use
11.1 Warehouse and Logistics
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Construction
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Automotive
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Aerospace and Defence
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Forklift Rental Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Clark Equipment Group
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Crown Equipment Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Toyota Material Handling Australia Pty Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Linde Material Handling Pty Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Komatsu Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Asset Technologies Pty Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 United Equipment Pty Ltd.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Skyreach Pty Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Jialift Australia Pty Ltd.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 NTP Pty Ltd. (Jungheinrich)
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Forklift Rental Market: Key Industry Highlights, 2018 and 2032
2. Australia Forklift Rental Market: Key Industry Highlights, 2018 and 2032
3. Australia Forklift Rental Historical Market: Breakup by Load Type (USD Million), 2018-2023
4. Australia Forklift Rental Market Forecast: Breakup by Load Type (USD Million), 2024-2032
5. Australia Forklift Rental Historical Market: Breakup by End Use (USD Million), 2018-2023
6. Australia Forklift Rental Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. Australia Forklift Rental Historical Market: Breakup by Region (USD Million), 2018-2023
8. Australia Forklift Rental Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Australia Forklift Rental Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 148.1 million.
The market is expected to grow at a CAGR of 5.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 240.9 million by 2032.
The market is being driven due to robust infrastructure development demands in transportation networks, thriving mining and resources sector, and flexibility and scalability provided by rental forklifts.
Key trends aiding the market expansion include the rising focus on workplace safety and compliance regulations, rising demand for well-maintained and modern forklifts, and ongoing construction projects.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on end use, the market segmentations include warehouse and logistics, construction, automotive, and aerospace and defence, among others.
Below 3.5 tons, 3.6-10 tons, and above 10 tons of load are considered in the report.
Key players in the market are Clark Equipment Group, Crown Equipment Corporation, Toyota Material Handling Australia Pty Limited, Linde Material Handling Pty Limited, Komatsu Ltd., Asset Technologies Pty Ltd., United Equipment Pty Ltd., Skyreach Pty Ltd., Jialift Australia Pty Ltd., and NTP Pty Ltd. (Jungheinrich), among others.
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