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Inside Forkliftaction
This week, we report that equipment rental is tipped to fall by 10% in Europe this year, based on market analysis just released.
The slump comes after a 4% rise last year, and is attributed largely to the impact of COVID-19.
While falling rental rates are hurting the businesses directly involved, the implications are far broader. As we regularly report, hire companies represent a significant market for equipment, with billions of dollars/Euros of stock and a healthy flow of orders for the major manufacturers. Falling demand will not only mean idle fleets, but also a reluctance to continue to invest in inventory - and this will hurt the forklift makers already impacted by falling sales.
But end-users are winners in the short term, with rental costs likely to fall as rental businesses seek to keep equipment turning over.
Featured Business
Rocla Oy
Leading developer & manufacturer of automated guided vehicles (AGVs) & electric warehouse trucks & forklifts.
Machinery-onQ Listings
Hyster H2.5CT
  • HysterH2.5CT
  • 2015 | Used - Sale
  • France
  • EUR 16,300
GS SWE16T
  • GSSWE16T
  • New - Sale
  • France
  • EUR 13,900
Bolzoni Auramo 4200
  • Bolzoni Auramo4200
  • 1999 | Used - Sale
  • France
  • EUR 3,770
Nissan GN01L16U
  • NissanGN01L16U
  • Used - Sale
  • Australia
  • AUD 8,000
Linde K10-011
  • LindeK10-011
  • 2011 | Used - Sale
  • United Kingdom
  • GBP 21,100
Hangcha CDD12AEC1
  • HangchaCDD12AEC1
  • 2018 | Used - Sale
  • France
  • EUR 4,500
Hangcha CDD12AZ3S-M
  • HangchaCDD12AZ3S-M
  • New - Sale
  • France
  • EUR 11,990
Hangcha A160
  • HangchaA160
  • New - Sale
  • France
Hyster S7.00XL
  • HysterS7.00XL
  • 1996 | Used - Sale
  • Australia
  • AUD 22,000
Hangcha XF25G
  • HangchaXF25G
  • New - Sale
  • France
  • EUR 18,590
Inside Forkliftaction
This week, we report that equipment rental is tipped to fall by 10% in Europe this year, based on market analysis just released.
The slump comes after a 4% rise last year, and is attributed largely to the impact of COVID-19.
While falling rental rates are hurting the businesses directly involved, the implications are far broader. As we regularly report, hire companies represent a significant market for equipment, with billions of dollars/Euros of stock and a healthy flow of orders for the major manufacturers. Falling demand will not only mean idle fleets, but also a reluctance to continue to invest in inventory - and this will hurt the forklift makers already impacted by falling sales.
But end-users are winners in the short term, with rental costs likely to fall as rental businesses seek to keep equipment turning over.
Featured Business
Forkliftcenter B.V.
Forklifts, Reachstackers & Terminal equipment 1-60 tonnes
Inside Forkliftaction
This week, we report that equipment rental is tipped to fall by 10% in Europe this year, based on market analysis just released.
The slump comes after a 4% rise last year, and is attributed largely to the impact of COVID-19.
While falling rental rates are hurting the businesses directly involved, the implications are far broader. As we regularly report, hire companies represent a significant market for equipment, with billions of dollars/Euros of stock and a healthy flow of orders for the major manufacturers. Falling demand will not only mean idle fleets, but also a reluctance to continue to invest in inventory - and this will hurt the forklift makers already impacted by falling sales.
But end-users are winners in the short term, with rental costs likely to fall as rental businesses seek to keep equipment turning over.
Movers & Shakers
vice president of operations
KION, United States
vice president, customer service
KION, United States
vice president, sales and dealer development
KION, United States
vice-president of marketing
Cisco-Eagle, United States
Featured Business
Rocla Oy
Leading developer & manufacturer of automated guided vehicles (AGVs) & electric warehouse trucks & forklifts.
Machinery-onQ Listings
Linde K10-011
  • LindeK10-011
  • 2011 | Used - Sale
  • United Kingdom
  • GBP 21,100
Hyster H2.5CT
  • HysterH2.5CT
  • 2015 | Used - Sale
  • France
  • EUR 16,300
Hangcha XF25G
  • HangchaXF25G
  • New - Sale
  • France
  • EUR 18,590
Bolzoni Auramo 4200
  • Bolzoni Auramo4200
  • 1999 | Used - Sale
  • France
  • EUR 3,770
Hangcha CDD12AEC1
  • HangchaCDD12AEC1
  • 2018 | Used - Sale
  • France
  • EUR 4,500
Hyster S7.00XL
  • HysterS7.00XL
  • 1996 | Used - Sale
  • Australia
  • AUD 22,000
Hangcha A160
  • HangchaA160
  • New - Sale
  • France
Nissan GN01L16U
  • NissanGN01L16U
  • Used - Sale
  • Australia
  • AUD 8,000
GS SWE16T
  • GSSWE16T
  • New - Sale
  • France
  • EUR 13,900
Hangcha CDD12AZ3S-M
  • HangchaCDD12AZ3S-M
  • New - Sale
  • France
  • EUR 11,990