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Why should forklift leasing companies opt for forklift safety solutions?

Dave Smith
Safety Consultant
June 3, 2022
Why should forklift leasing companies opt for forklift safety solutions?
Summary
This blog explains how forklift safety solutions provide major advantages for forklift leasing companies. By equipping leased forklifts with advanced safety technologies such as warning lights, AI cameras, and blind spot detection systems, leasing providers can reduce accident risks and liability exposure. The article highlights how integrated safety features improve client trust, minimise insurance claims, and reduce downtime caused by workplace incidents. It also emphasises that offering safety-equipped forklifts gives leasing companies a competitive edge in the market. Overall, the blog positions forklift safety solutions as a smart investment that enhances brand reputation, customer satisfaction, and long-term business growth.
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Most of the Industries where the working module solely depends on the forklift tend to get a forklift on the lease from the lessor. There is up to 15- 20 % market share of forklift rental service. Recently, we got in a conversation with the managers of forklift leasing companies about the forklift safety solution. As lessor companies are concerned about forklift safety measures as it’s beneficial for them. In this update, we will let you know how  Sharpeagle Technology Solutions are useful for forklift rental service providers.

Forklift leasing companies operate in a competitive market where safety, reliability and value delivery determine customer satisfaction and long-term success. Fleet operators rent equipment into diverse worksites from warehouses and manufacturing plants to construction zones and logistics hubs each with unique hazards and visibility challenges. Without proper safety systems, leased forklifts can be involved in collisions, blind-spot incidents, product damage, or pedestrian injuries leading to increased liability and lower customer retention.

Forklift safety solutions such as camera systems, warning lights, proximity sensors, anti-collision systems and operator support technologies improve workplace safety, reduce risk exposure, and provide measurable value for both leasing companies and their customers. This enhanced guide explains the key benefits of forklift safety solutions with practical applications tailored for leasing companies in the UK, UAE & Saudi Arabia.

Benefits of safety solution for forklift leasing company:

           
  • Reduce Maintenance cost: The maintenance cost of forklifts is very high as forklifts are expensive. Leasing companies focus on minimizing this expense. Implementing a forklift safety solution reduces forklift damages upto 29 This will reduce the maintenance cost to a great extent which is beneficial for the leasing company.
           
  • Return On Investment: As forklifts are expensive vehicles, leasing companies often look for what return they would get on investing in safety solutions. Below mentioned are the perks of getting forklift safety solutions.
           
  • Avail Competitive Rates To lessee: Forklift safety solutions reduce maintenance costs, which allows leasing companies to provide the best possible competitive leasing rates to their clients.
           
  • Market Dominance: There is increasing demand for EHS compliance globally and leasing companies providing safety solutions along with productivity improvements will dominate the market
           
  • Increase the lifespan of Forklift: One of the major benefits of safety solutions for leasing companies is an increase in the lifespan of the forklift. According to the report of TMHNC, the average lifespan of a forklift is 10,000 hours. In a globally developed market, forklift with safety solutions tends to last longer by 20%. Installing forklift safety solutions such as lift truck camera systems, Fork view cameras & Forklift speed limiting device consequently increases the lifespan. Thus, implementing safety solutions reduces damages further resulting in increasing the economic life of forklifts for optimum utilization by the lessee.

Benefits of safety solution for the client:

The client is ultimately the end-user for the forklift. So leasing companies should look out for the benefits their clients would get from forklift safety solutions. The forklift safety solution is beneficial for the lessee as much as it is beneficial for leasing companies. Investing in safety solutions will provide additional value to the companies opting for forklifts on lease in various manners.

           
  • Reduce Forklift Damages

Organizations using the forklift on lease tends to damage lift truck due to a lack of safety solutions. Here’s how forklift solutions reduce forklift damages.

a. If leasing companies provide forklift camera solutions along with forklift, it facilitates operator in terms of better visibility which prevents forklift crash & collision to a great extent.b. In case the forklift is lacking forklift speed limiter device, then it leads to rash driving which damages the forklift.  Electric speed limiter device by Sharpeagle technology is designed to prevent high-speed driving without affecting the working power of the engine.

Thus, a safety solution will prevent the loss of man & machinery and also, help in increasing safety measures at the worksite.

           
  • Prevent Accidents

As per the report by McCue, Forklifts account for around 85 deaths, 34,900 serious injuries, 61,800 nonserious injuries each year. The primary cause of forklift accidents is poor visibility, which leads to severe injuries to drivers & damage to the forklift. It is estimated that having safety solutions reduces the chances of an accident by atleast 35%.

           
  • Operator Efficiency

As most the companies focus on increasing work efficiency; Forklift safety solution enhances operator efficiency which results in increased productivity. Working with a fork view camera solution increases operator efficiency by 40% by saving time during loading and unloading goods. End-user tends to have better visibility in the rear with the help of rearview.  

Forklift safety system
           
  • Less downtime

Sharpeagle solutions are designed keeping in mind loss of man-hours in case of accidental damages. All our solutions are easy to install and repair meaning most of the common issues can be fixed by the operator itself.

This is how Forklift safety solutions are helpful for both lessor & lessee.  Also, a Safety solution is a boon for industries getting forklifts on lease. If you want to get more updates on forklift safety solutions, then get in touch with us.

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Regional Relevance — UK, UAE & Saudi Arabia

🇬🇧 United Kingdom

UK leases often serve distribution centres, manufacturing plants and third-party logistics warehouses where HSE guidelines and DSEAR expectations are stringent. Safety systems help leasing companies support compliance and reduce operational risk.

🇦🇪 United Arab Emirates

In the UAE, high ambient noise and busy operations make visual safety cues like warning lights and cameras particularly effective. Leasing companies benefit by offering forklifts that already include these enhancements.

🇸🇦 Saudi Arabia

Saudi industrial zones and large outdoor yards — such as oil & gas logistics hubs and heavy manufacturing sites — benefit from safety technologies that improve long-range visibility and blind-spot detection across expansive areas.


Upgrade your forklift leasing fleet with advanced safety technology.
SharpEagle offers a wide range of forklift safety solutions including camera systems, proximity sensors, warning lights, anti-collision systems and operator assist tech tailored for diverse industries across the UK, UAE & Saudi Arabia.

Contact SharpEagle today for a customised forklift safety solution that enhances risk management, improves client satisfaction, and drives business value.

FAQs

1. Why should a forklift leasing company invest in safety solutions?

Forklift leasing companies operate across multiple customer worksites with varying risks. Equipping forklifts with safety systems such as cameras, sensors and warnings reduces accidents, protects equipment, and enhances customer trust. This proactive safety approach also reduces liability and improves fleet attractiveness in competitive markets.

2. Do forklift safety solutions reduce insurance costs?

Yes — insurers often consider safety technologies when calculating premiums. A fleet equipped with proximity sensors, cameras and alerts demonstrates proactive risk control. Reduced accident claims and documented safety performance can help leasing companies negotiate better insurance terms and lower premiums.

3. Can safety systems improve client satisfaction?

Absolutely. Customers renting forklifts with advanced safety features experience fewer collisions, smoother operation, and safer workplaces. This leads to higher satisfaction rates, stronger repeat business and positive referrals, giving the leasing company a strategic advantage.

4. Are forklift safety solutions compatible with all types of leased equipment?

Most modern safety systems — including cameras, sensors, and warning lights — are designed to be compatible with a wide range of forklift models. Wireless and modular options make installation flexible and suitable for diverse forklift types within leasing fleets.

5. How do safety technologies help with compliance?

Safety technologies support compliance with local and regional safety standards. In the UK, UAE and Saudi Arabia, industrial sites must demonstrate risk control and proactive hazard mitigation. Forklift safety systems provide documented evidence of safety investments during audits and inspections.

Reduce downtime and accidents with advanced forklift safety tech.
Improve Safety Today

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