About Full Service Long Term Material Handling Equipment Rental
The full service long term material handling equipment rental market in Europe will post a revenue growth of more than USD 2523 million by 2022.
The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Equipment used in major industries such as manufacturing and construction for the effective handling of materials is called material handling equipment. Such equipment is used to transport, handle, and store materials effectively. Sometimes, industries prefer to rent such equipment. Full-service long-term rental services provide equipment on rent for a minimum period of 12 months. The services exclude operator costs.
One trend in the market is increasing focus on AGVs. The increasing popularity of AGVs is due to the adaptability of this technology. AGVs can eliminate the hassle of adjusting physical barriers. Using an autonomous system provides benefits such as routing decisions based on real-time feedback of environmental conditions and the ease of navigational adjustments and control.
According to the report, one driver in the market is high initial investment and maintenance cost. A material handling equipment requires constant technical support and maintenance for it to operate efficiently. The maintenance cost of industrial trucks such as pallet trucks and forklifts can be high in the construction and manufacturing industries as they are exposed to hazardous conditions regularly, which accelerates the wear and tear and cause severe damage.
Further, the report states that one challenge in the market is uncertainty over Brexit to impact end-user industries. Britain's decision to part ways from the EU is at a cost. While the negotiations for the post-Brexit scenario are still underway, there are uncertainties that have impacted various industries and resulted in the delay of various investments in the UK and other parts of the EU. Since the full-service long-term material handling equipment rental market considers construction and agriculture as the key end-user industries, there could be several impacts of Brexit on these industries.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market segmentation analysis
PART 05: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 07: MARKET SEGMENTATION BY PRODUCT
Segmentation by product
Comparison by product
Forklifts and telehandlers - Market size and forecast 2017-2022