United States Forklift Rental Market Insight
Published: 31 July 2026 | Report Format: Electronic (PDF) | Author: Govind and Krishna
The United States Forklift Rental Market is projected to grow at a CAGR of around 7.1% over the forecast period, driven by increasing warehouse automation for flexible material handling solutions across industrial sectors.
United States Forklift Rental Market Forecasts to 2035
- The United States Forklift Rental Market size was estimated at approximately USD 4.90 Billion in 2025.
- The market is expected to grow at a CAGR of around 7.1% from 2025 to 2035.
- The United States Forklift Rental Market Size is projected to reach approximately USD 9.75 Billion by 2035.
Notable Insight the United States Forklift Rental Market
- Based on forklift type, Electric Forklifts, Internal Combustion Forklifts, Reach Trucks, Pallet Jacks, and Rough Terrain Forklifts account for approximately 89% of market revenue in 2025, supported by growing demand for efficient material handling equipment across logistics and manufacturing industries.
- Based on application, Warehousing & Distribution, Manufacturing, Construction, Retail & E-Commerce, and Ports & Logistics collectively hold nearly 87% market share in 2025, driven by increasing operational flexibility requirements and rising short-term equipment rental demand.
- The market is increasingly influenced by fleet management technologies, telematics integration, electric forklift adoption, predictive maintenance solutions, and digital rental platforms, accounting for over 76% of new industry investments in 2025.
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- Rising investments in warehouse expansion, supply chain modernization, industrial automation, infrastructure projects, and e-commerce logistics networks have contributed nearly 79% of new capital expenditure across the United States forklift rental industry.
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Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United States Forklift Rental Market, along with a comparative evaluation primarily based on their product of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
Top Companies United States Forklift Rental Market
- United Rentals, Inc.
- Sunbelt Rentals, Inc.
- Herc Rentals Inc.
- H&E Equipment Services, Inc.
- Crown Equipment Corporation
- Toyota Material Handling North America
- Raymond Corporation
- Alta Equipment Group Inc.
- Equipment Depot Ltd.
- Briggs Equipment.
Recent Developments:
- In May 2025, United Rentals expanded its electric forklift rental fleet to support growing demand for sustainable warehouse operations and logistics applications.
- In February 2025, Toyota Material Handling introduced enhanced fleet connectivity and telematics solutions for rental customers, improving equipment utilization and operational efficiency.
Market Segmentation
United States Forklift Rental Market, By Service Type
- Electric Forklifts
- Internal Combustion Forklifts
- Reach Trucks
- Pallet Jacks
- Rough Terrain Forklifts
United States Forklift Rental Market, By Material Type
- Warehousing & Distribution
- Manufacturing
- Construction
- Retail & E-Commerce
- Ports & Logistics
United States Forklift Rental Market, By End User
- Logistics Providers
- Manufacturing Companies
- Construction Contractors
- Retail & E-Commerce Companies
- Industrial Facilities
Expert Views:
The United States Forklift Rental Market is expected to witness substantial growth through 2035, supported by increasing warehouse automation, expansion of e-commerce fulfillment networks, rising adoption of electric material handling equipment, and growing preference for flexible rental solutions over equipment ownership. Technological advancements in telematics, fleet management software, predictive maintenance systems, and connected equipment are expected to improve operational efficiency and asset utilization. Furthermore, continued investments in logistics infrastructure, warehouse modernization, smart fleet technologies, and strategic partnerships are anticipated to create significant growth opportunities for forklift rental providers, equipment manufacturers, logistics operators, and industrial users across the United States.
Author: Govind and Krishna By Decisions Advisors and Consulting