Top 10 Reasons Global Buyers are Choosing Forklift Leasing Over Purchasing in 2023
In 2023, the dynamics of the material handling industry are shifting as global buyers increasingly opt for forklift lease solutions rather than outright purchases. According to a report by the Material Handling Industry of America (MHIA), nearly 60% of businesses now favor leasing equipment, a significant rise from previous years. This trend can be attributed to the fluctuating economic climate, which has necessitated more flexible and cost-effective options for managing operational costs. Forklift leasing not only conserves capital but also provides companies with access to the latest technology and equipment without the burden of long-term commitment.
Moreover, data from the International Warehouse Logistics Association (IWLA) reveals that 75% of warehousing companies are embracing leasing to enhance their operational efficiency. With the rapid pace of innovation in forklift technology, businesses are recognizing the advantages of leasing, such as reduced maintenance costs and the ability to choose from the latest models as their needs evolve. As we delve into the top reasons driving this shift, it becomes clear that the forklifts lease approach is reshaping how companies manage their logistics and inventory challenges in a competitive market.
Read more »