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ProcurementIQ’s Forklift Rental Procurement Research Report is a comprehensive guide to purchasing Forklift Rental. This report offers strategic analysis of the factors influencing purchasing decisions, including price trends and three-year forecasts, input costs and demand factors, along with key suppliers and an analysis of the extended supply chain. Armed with the right procurement intelligence, your company will be able to make educated purchasing decisions.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Forklift Rental - Recent Price Trend

The price of forklift rental has been rising during the three years to 2018 at an estimated annualized rate of 1.0%. Suppliers are sensitive to demand because their fleet does not generate revenue while not in use. As a result, rising demand has been instrumental in lifting market prices during the past three years. Specifically, overall demand from major forklift renters has been increasing.

Forklift Rental - Total Cost of Ownership

Because renters typically seek short-term possession of forklifts, there are few hidden costs; long-term costs associated with ownership, such as maintenance and repairs, are eliminated. Thus, total cost of ownership for renting forklifts is low. However, buyers that rent a liquefied propane gas (LPG) model generally experience higher operating costs compared with those that rent an electric or.

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About this Report

This report is intended to assist buyers looking to rent forklifts, which are commonly used in construction, retail, manufacturing and industrial settings. Forklifts are industrial vehicles with power-operated, pronged platforms used to lift or move materials. For the purpose of this report, the terms buyers and renters are used interchangeably to refer to any party looking to rent forklifts. This report includes telescopic handlers, as well as narrow-aisle, rough terrain and warehouse forklifts. This report excludes forklift purchases and rental services for other heavy machinery and equipment, such as cranes, aerial lifts and earthmoving machinery.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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