Transportation Products & Services

Forklift Rental: Market Size, Growth & Forecast to 2030

The Forklift Rental market is valued at about $79.5 billion (2026) and is projected to grow at a 5.4% CAGR through 2030. The largest cost driver is Equipment Depreciation and Amortization (45% of spend). North America leads demand at 35%.

Market size
$79.5 bn (2026)
CAGR to 2030
+5.4%
Buyer power
Favours buyers
Tracked suppliers
120
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 5.4% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 130

Cost structure

Equipment Depreciation and Amortization
45%
Maintenance, Spare Parts, and Batteries
20%
Labor and Technical Services
15%
Logistics and Transportation
12%
Overhead and Insurance
8%

Regional demand split

North America demand
35%
Asia Pacific demand
30%
Europe demand
20%
Latin America demand
8%
Rest of world demand
7%

Key suppliers

United Rentals, Inc.Sunbelt Rentals, Inc.Herc Rentals Inc.H&E Equipment Services, Inc.Sunstate Equipment Co., LLC
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/forklift-rental