Forklift Rental Market Forecast 2025–2035: Market to Reach USD 25 Billion by 2035 at 3.7% CAGR
The global forklift rental market is on a steady growth trajectory, projected to expand from USD 17.4 billion in 2025 to USD 25.0 billion by 2035, registering a CAGR of 3.7%, according to Fact.MR’s latest market analysis. The surge reflects growing adoption of flexible material handling solutions, cost-effective equipment management strategies, and rising industrial and warehousing demands worldwide. Electric Forklifts Lead the Charge Electric forklifts are expected to dominate the rental landscape, capturing a 55% market share. Designed for efficiency and environmental compliance, electric models are increasingly preferred for indoor operations and automated warehouse systems. Counterbalance forklifts, meanwhile, maintain a 60% share of the class segment, catering to heavy-lifting requirements across logistics, manufacturing, and industrial facilities. Between 2025 and 2030, the market is projected to grow from USD 17.4 billion to USD 20.9 billion, representing 46%...