DUBLIN--(BUSINESS WIRE)--The "Global Short-term Material Handling Equipment Rental Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The analysts forecast the global short-term material handling equipment rental market to grow at a CAGR of 4.12% during the period 2018-2022.
Material handling equipment is used in major industries such as manufacturing and construction to transport, handle, and store materials effectively. Short-term rental services provide equipment on rent for short periods of time as per requirement and are generally less than 12 months.
The report covers the present scenario and the growth prospects of the global short-term material handling equipment rental market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of products such as forklifts and telehandlers, cranes, hoists, and others.
The latest trend gaining momentum in the market is the increasing focus on AGVs. AGVs can help eliminate the hassle of adjusting physical barriers. It helps make real-time routing decisions based on environmental conditions and easy navigational adjustments and control.
One of the major drivers for this market is the high initial investment and maintenance cost. A material handling equipment needs constant technical support and maintenance for efficient operation. The maintenance cost of industrial trucks such as pallet trucks and forklifts is high in the manufacturing and construction industries as they are regularly exposed to hazardous conditions, which accelerates the wear and tear and cause severe damage.
The report states that one of the major factors hindering the growth of this market is the uncertainty over Brexit to impact end-user industries. Britain's decision to separate from the EU is at a cost. As the full-service long-term material handling equipment rental market considers construction and agriculture as the key end-user industries, there could be several effects of Brexit on these industries.
- Herc Rentals
- KION GROUP
- TOYOTA INDUSTRIES
- United Rentals
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Product
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/2z68k5/global_shortterm?w=4