Why should forklift leasing companies opt for forklift safety solutions?
June 3, 2022
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.
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.
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%.
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.
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.
When it comes to security and surveillance systems, we have always led from the front. We have cemented our position as the go to industrial safety solution provider worldwide. Our unprecedented growth is a testimony of our incredible work.