Latin America Forklift Rental Market Size & Outlook
Latin America forklift rental market highlights
- The Latin America forklift rental market generated a revenue of USD 702.3 million in 2024.
- The market is expected to grow at a CAGR of 4.5% from 2025 to 2030.
- In terms of segment, below 5 ton was the largest revenue generating ton capacity in 2024.
- Below 5 Ton is the most lucrative ton capacity segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2024 | USD 702.3 million |
| Market revenue in 2030 | USD 909.0 million |
| Growth rate | 4.5% (CAGR from 2025 to 2030) |
| Largest segment | Below 5 ton |
| Fastest growing segment | Below 5 Ton |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Below 5 Ton |
Other key industry trends
- In terms of revenue, Latin America region accounted for 11.5% of the global forklift rental market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,139.1 million by 2030.
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Forklift Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nishio T&M Co | View profile | 251-500 | Takatsuki, Osaka, Japan, Asia | https://www.nishio-tm.co.jp |
| Boels Rental | View profile | 101-250 | Sittard, Limburg, The Netherlands, Europe | https://www.boels.co.uk/ |
| Herc Rentals | View profile | 5001-10000 | Bonita Springs, Florida, United States, North America | http://www.HercRentals.com |
| Crown Equipment | View profile | 10001+ | New Bremen, Ohio, United States, North America | http://www.crown.com |
| Toyota | View profile | 10001+ | Plano, Texas, United States, North America | http://www.toyota.com |
| Sunbelt Rentals | View profile | 5001-10000 | Fort Mill, South Carolina, United States, North America | https://www.sunbeltrentals.com |
| United Rentals Inc | View profile | 26300 | 100 First Stamford Place, Suite 700, Stamford, CT, United States, 06902 | https://www.unitedrentals.com |
| KION GROUP AG | View profile | 42325 | Thea-Rasche-Strasse 8, Frankfurt am Main, HE, Germany, 60549 | https://www.kiongroup.com |
| Komatsu Ltd | View profile | 70608 | 3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan, 107-8414 | https://www.komatsu.jp |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
Latin America forklift rental market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to forklift rental market will help companies and investors design strategic landscapes.
Below 5 ton was the largest segment with a revenue share of 103.82% in 2024. Horizon Databook has segmented the Latin America forklift rental market based on below 5 ton covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of forklift rental market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America forklift rental market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America forklift rental market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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