The short term rental market for forklift trucks - France

The global forklift market has demonstrated robust growth, with a market size in excess of $50 billion in 2020, and is forecast to develop at a CAGR of overforecast to develop at a compound annual growth rate (CAGR) of over 9% from 2021 to 2027, potentially reaching a value in excess of $90 billion by 2027. Despite the impact of the COVID-19 pandemic, which led to a halt in production and the temporary closure of various industries that are key users of forklifts for short-term rental, the market is holding up relatively well.

The main trends are the transition to intralogistics automation, with a preference for electric forklifts, and increased demand for short-term rentals due to their flexibility and economic advantages.

Asia is identified as a major growth driver for the forklift market, while Europe and North America are in decline. The French market reflects these global trends, with the electric forklift segment showing steady growth, and a significant proportion of new forklifts being acquired through long-term leases (5 years).

The construction sector also remains an important driver of forklift truck rental demand, and despite a slowdown in the event-driven industries due to the economic crisis, forklift truck sales are still growing.despite a pandemic-related slowdown in the hospitality industry, the strength of regional dealer networks has contributed to market resilience.

Market dynamics and rental trends in the French forklift industry

The French forklift market is undergoing significant change in response to various economic trends and technological advances. In France, the market landscape has been reshaped by a notable shift from sales to rental in the forklift segment. In recent years, the trend towards leasing rather than buying these machines has been predominant, with around 70-80% of new forklifts acquired through long-term leases that often include maintenance contracts.

The rental market is dominated by some 35 companies, ranging from small businesses to major global players such as Nissan and Toyota. Despite the stability of the market, there is no comprehensive statistical overview due to the dynamic nature of mergers, acquisitions and partnerships.

Short-term rentals, flexible enough to range from one day to 12 months, are aimed at companies that need a rapid response to fluctuating demands, such as seasonal businesses or small and medium-sized enterprises.

Leading industry players have come to realize the advantages of rental services, such as economic benefits, regulatory compliance, simplified logistics, immediate equipment availability and overall fleet management flexibility. The pre-COVID period even saw equipment rental companies grow by 7%, an indicator of a dynamic rental sector which, despite short-term challenges, is demonstrating resilience and adaptability.

The French forklift market is highly concentrated, with a few major manufacturers holding significant shares, Fenwick (Kion Group) alone controlling around 35%. Distribution channels tend to be concentrated in integrated networks or rely on independent regional dealers, underlining the essential role of strategic distribution in the market.

In terms of forklift truck types in use, stackers are the most widespread manual or electric handling tools, with different models meeting a variety of industrial needs. As far as prices are concerned, although disparities are minimal for handling solutions with a load capacity of between 600 and 2,500 kg, higher load capacities can be the subject of daily rental prices ranging from 200 to 200 euros. As the industry has evolved, the focus has shifted to automation and electric forklift technologiesthis reflects the drive for efficiency and cost-cutting measures - an area on which the market leaders are strongly focused. However, the real test for the market was the COVID-19 crisis, which led to production stoppages and temporary or permanent site closures, demonstrating the market's sensitivity to sudden economic changes.

In the broader market context, the construction industry plays a key role in influencing the forklift market in France.

In the diverse and competitive landscape of the French forklift market, several key players have established their dominance. Here's a look at these market stalwarts and their contributions to the industry:

• Fenwick-Linde (Groupe Kion) - Fenwick-Linde is the market leader, with a substantial market share. Fenwick-Linde, part of the Kion Group, is known for its comprehensive range of materials handling equipment, its cutting-edge technologies and its focus on customer-oriented solutions. Its dominant market position can be attributed to its reputation for quality, innovation and an extensive service network.
• Still - With a robust fleet of around 5,000 machines available for rental, Still has carved out a place for itself in the industry by offering flexible, responsive rental services. Its approach enables companies to dynamically adapt their operations to demand, while guaranteeing immediate equipment availability. Still is part of the Kion Group.
• Jungheinrich - Not far behind, Jungheinrich, a global giant, has made significant inroads into the French forklift market with its reliable and efficient materials handling solutions. The company's commitment to sustainable development, combined with its strong focus on warehouse logistics solutions, sets it apart in a highly competitive sector.
• Hyster-Yale Materials Handling - Although Hyster-Yale Materials Handling's sales figures are not disclosed in the text provided, its market presence is well noted. Hyster-Yale is synonymous with robust, durable forklift trucks, and has made a name for itself in sectors where performance and strength are paramount.
• Toyota - Toyota Industries continues to be an important name in the forklift industry, with its reputation for manufacturing high-quality, durable and technologically advanced forklifts. Toyota's long history in the automotive sector is mirrored in forklift manufacturing, inspiring confidence and reliability in customers.
• Aprolis and Manuloc - These two French leaders in the equipment rental and distribution sector bring a strong regional presence and a wide range of services. Specializing in long- and short-term rental solutions, these companies have become key suppliers to equipment needs across the country, thanks to their extensive fleets and customer-focused service offerings.

Each of these entities represents an essential part of the infrastructure that supports France's logistics, manufacturing and construction sectors, among others. They bring a blend of innovation, service and reliability that underpins their strong market positions. As the dynamics of the for

Informations

• Nombre de pages : 30 pages
• Format : Version digitale et PDF
• Dernière mise à jour : 12/01/2022

Sommaire et extraits

Liste des graphiques

• Taille du marché mondial des chariots élévateurs
• Commerce international de chariots élévateurs
• Croissance des différents segment du marché du matériel BTP
• Répartition du chiffre d'affaires du marché des équipements BTP
• Évolution des importations et exportations françaises
• Évolution du secteur de la construction en France
• Part de l'électrique dans le parc français des chariots élévateurs
• Indice de chiffre d'affaire du marché de l'événementiel
• Impact de la COVID-19 : un secteur événementiel en panne
• Indice de chiffre d'affaires de l'activité de construction aéronautique et spatiale
• Focus 2020 : Indice de chiffre d'affaires du marché de la construction aéronautique et spatiale
• Indice de chiffre d'affaires des grandes surfaces alimentaires