The companies operating in Indian forklift market is busy doing forklift SALES, which in turn invites other players into growing forklift rental business: Bonafide Research


"Rental forklift Market has shown impressive growth rate in last few years. New Entrant and Other Players are more curious and moving smartly with buy and lease strategy while top players of Forklift industry are focussing on direct sales. Scenario of Rental Forklift Market is changing quickly and top players will lose opportunity in upcoming years.

In a price sensitive nation like India, rental forklift market gaining huge potential in warehousing and manufacturing industries. Rental forklift market is highly unorganised and top players have lesser pie in this business. New entrant and other player are taking advantage of growing rental forklift market with buy and lease strategy. In India, Majority of clients is those are dealing with short terms projects and growing warehouses. In upcoming years, Rental forklift market will constitute more than 25% of the demand/ deployment. The shift towards hiring and leasing of equipment has somewhat in various sectors like Logistics, Auto ancillary, retails etc. This arrangement saves them from huge capital investment day by day operations and maintenance issues.

According to Bonafide Research, in last few months after GST implementation has found a sea change in the Warehouse industry by eliminated the need of having warehouse in each state to avoid CST, in this manner encouraging players to set up fewer, larger and more sophisticated warehouses. This impact has increased the size of warehouses with getting bigger and need smarter solution for moving goods faster. Warehouses have taken up ventures on automations and searching for speculation for better development inside warehouses. New entrant like LEAP INDIA, a supply chain solution company has plan to venture into forklift renting business by ordering 100 forklift from Toyota MHE. The company will be investing about ?15 crore for buying the forklifts and lease it to corporate for use in their warehouses.

This growing rental category of forklift will change the market scenario in upcoming years. Top players have an additional opportunity to make strategy to gain momentum in Rental forklift industry. Otherwise, outside players will enjoy the pie of rental forklift market and organised player will not be able to entertain rental forklift business in future.

Organised companies offer forklifts on rent includes: - KION India private limited (Voltas), Action Construction equipment Limited (ACE). Josts engineering limited, Toyota material handling India Private Limited. McNeill Engineering Limited, Maini Material movement private limited. MHE Next engineering Private limited, Godrej & Boyce Mfg. co, Ltd

The companies operating in Indian forklift market is busy doing forklift SALES, which in turn invites other players into growing forklift rental business: Bonafide Research

"Rental forklift Market has shown impressive growth rate in last few years. New Entrant and Other Players are more curious and moving smartly with buy and lease strategy while top players of Forklift industry are focussing on direct sales. Scenario of Rental Forklift Market is changing quickly and top players will lose opportunity in upcoming years. In a price sensitive nation like India, rental forklift market gaining huge potential in warehousing and manufacturing industries. Rental forklift market is highly unorganised and top players have lesser pie in this business. New entrant and other player are taking advantage of growing rental forklift market with buy and lease strategy. In India, Majority of clients is those are dealing with short terms projects and growing warehouses. In upcoming years, Rental forklift market will constitute more than 25% of the demand/ deployment. The shift towards hiring and leasing of equipment has somewhat in various sectors like Logistics, Auto ancillary, retails etc. This arrangement saves them from huge capital investment day by day operations and maintenance issues. According to Bonafide Research, in last few months after GST implementation has found a sea change in the Warehouse industry by eliminated the need of having warehouse in each state to avoid CST, in this manner encouraging players to set up fewer, larger and more sophisticated warehouses. This impact has increased the size of warehouses with getting bigger and need smarter solution for moving goods faster. Warehouses have taken up ventures on automations and searching for speculation for better development inside warehouses. New entrant like LEAP INDIA, a supply chain solution company has plan to venture into forklift renting business by ordering 100 forklift from Toyota MHE. The company will be investing about ?15 crore for buying the forklifts and lease it to corporate for use in their warehouses. This growing rental category of forklift will change the market scenario in upcoming years. Top players have an additional opportunity to make strategy to gain momentum in Rental forklift industry. Otherwise, outside players will enjoy the pie of rental forklift market and organised player will not be able to entertain rental forklift business in future. Organised companies offer forklifts on rent includes: - KION India private limited (Voltas), Action Construction equipment Limited (ACE). Josts engineering limited, Toyota material handling India Private Limited. McNeill Engineering Limited, Maini Material movement private limited. MHE Next engineering Private limited, Godrej & Boyce Mfg. co, Ltd



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