Australia Forklift Rental Market Growth Analysis - Forecast Trends and Outlook (2025-2034)

Australia Forklift Rental Market Outlook

The Australia forklift rental market size was valued at USD 148.1 million in 2024. The market is further projected to grow at a CAGR of 5.5% between 2025 and 2034, reaching a value of USD 240.9 million by 2034.

Key Takeaways

• The below 3.5 tons segment is anticipated to register the fastest CAGR, with the warehouse & logistics end-use segment expected to have the highest CAGR.

• As per industry reports, New South Wales is projected to experience the fastest growth rate, driven by the growing penetration of e-commerce in the region.

• Advancements in forklift technology have contributed to Australia forklift rental market development as modern forklifts come with features like electric power systems, improved ergonomics, integrated telematics, and enhanced safety features.

Rental forklifts allow businesses to handle seasonal fluctuations and increased workloads without substantial investments in new equipment. Factors that have helped increasing Australia forklift rental market share include the robust infrastructure developments in commercial buildings, residential projects, and transportation networks. The thriving mining and resources sector, along with ongoing construction projects, also necessitates reliable forklift rentals.

Moreover, the focus on workplace safety and compliance regulations emphasises the importance of well-maintained and modern forklifts, creating an opportunity for rental companies to offer specialised equipment meeting industry standards. Additionally, the exponential growth of the e-commerce industry and the increasing demand for quick deliveries, which have fuelled the need for efficient warehouse operations supported by forklift rentals.

The market is witnessing a shift towards sustainability with the adoption of eco-friendly electric forklifts, driven by environmental concerns and regulations. The integration of advanced technologies like IoT and automation in forklifts also enhances operational efficiency and safety. Companies like Crown Equipment Corporation are introducing advanced forklift models with integrated technology such as Crown InfoLink for enhanced fleet management and operator efficiency.  Toyota Material Handling Australia has introduced a range of electric forklifts, including the Toyota 8FBN Series, known for their energy efficiency and reduced emissions.

Linde Material Handling Australia has launched autonomous forklift solutions like the Linde Robotics Forklift, designed to operate independently in warehouse environments. This reduces the scope of human error. All Lift Forklifts & Access Equipment specialises in providing forklift rental solutions to the construction industry, offering rough terrain forklifts, telehandlers, and compact forklifts for handling heavy materials and equipment efficiently.  ForkForce Australia serves the automotive sector with a range of forklift rental options, including counterbalance forklifts and narrow aisle forklifts tailored to automotive applications, such as loading and unloading vehicles, parts storage, and assembly line operations.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Australia Forklift Rental Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Load Type

• Below 3.5 Tons

• 3.6-10 Tons

• Above 10 Tons

Market Breakup by End Use

• Warehouse and Logistics

• Construction

• Automotive

• Aerospace and Defence

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

Competitive Landscape

Market players are investing in innovations, collaborations, and expansions to grow their market share and meet the evolving demands of logistics, warehousing, and manufacturing industries.

• Clark Equipment Group

• Crown Equipment Corporation

• Toyota Material Handling Australia Pty Limited

• Linde Material Handling Pty Limited

• Komatsu Ltd.

• Asset Technologies Pty Ltd.

• United Equipment Pty Ltd.

• Skyreach Pty Ltd.

• Jialift Australia Pty Ltd.

• NTP Pty Ltd. (Jungheinrich)

• Others

Key Highlights of the Report