Learn about actual and potential costs
How much should I pay for Forklift Rental?
What is the average price of Forklift Rental?
This procurement report includes pricing information to help you purchase Forklift Rental. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Forklift Rental been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Forklift Rental yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Forklift Rental?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Forklift Rental with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
The top four vendors of forklift rentals account for about 35.0% of total market revenue, indicating a moderate level of market share concentration. During the past three years, market share concentration has been rising due to acquisition activity. For example, United Rentals' acquisition of Neff Corporation finalized in late 2017,... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Group Membership & Reputation
What rental industry trade groups are you a member of?
Do you have any certifications from industry groups?
What is your reputation like among customers and how have you developed it?
Do you offer any incentives to repeat customers or those that refer businesses to your company?
What is your rate of repeat business?
Do you have a relationship with a manufacturer that no other competitor has?
If I am located in a different region, do you anticipate any difficulties in delivering the forklifts? In particular, are any of these difficulties coronavirus-related?
How long does it take you to receive a product that is not in stock? Do you anticipate any delayed deliveries due to your upstream supplier relationships?
Do you allow on-site visits for potential buyers? Can I receive a demonstration with particular forklifts?
What is the typical delivery time for your equipment? Do you anticipate on-time deliveries despite the coronavirus outbreak?
Do you add a fuel surcharge to the cost of delivery? Have these fuel surcharges changed as a result of the plummeting crude oil prices amid the pandemic?
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Key elements for every RFP
What should my RFP include?
Buyers should specify the budget range.
Buyers should indicate what add-ons they expect to be included in the bid.
Buyers should request specific information about transportation costs and late delivery fees.
Buyers can consult the benchmark price section of this report to determine price ranges.
Buyers should ensure that the supplier meets their core needs.
Buyers should consider whether the supplier can meet any other short-term additional needs.
Buyers should prioritize suppliers that can provide the forklift rental within budget without unreasonable additional fees.
Buyers should ensure the forklifts are of high quality and in working order.
Buyers should indicate the intended pick up and drop off dates.
Buyers should indicate when the bids are due and when the contract will be awarded.
Buyers should indicate their transportation expectations, such as the expected delivery time frame and unloading requirements.
Evaluate major factors to mitigate risk
How risky is the supply chain?
There is a moderate level of risk in the supply chain for forklift rental. Specifically, fluctuations in the demand for steel have been causing high volatility in its price during the three years to 2020. The reliance on steel raises forklift manufacturer risk because it forces them to frequently adjust... Subscribe to learn more.