The global industrial equipment rental market was valued at $187.46 billion in 2022 and is predicted to increase at a compound annual growth rate (CAGR) of 6.12 percent from 2023 to 2030. Increased government spending on public infrastructure development has stimulated construction and mining operations in emerging economies all over the world. As a result of this element, there is a considerable market need for industrial equipment.
The rise in prices for new construction machinery is pushing construction businesses and contractors to shift their focus to renting construction equipment. RM Manlift Rental, founded in 2011, is India's leading access equipment rental company, with a network in nearly every major city. The company's objective is to deploy the greatest people, equipment, and solutions to enable customers to build a better and stronger future in a safe and secure manner.
Core Values & Perspective
At RM Manlift, the team is driven by a steadfast commitment to the six fundamental values that form the bedrock of the business. The team takes immense pride in the relentless pursuit of guiding principles of maintaining the equipment to the highest standards, ensuring optimal performance and reliability. The firm prioritizes respect for the workforce which forms the backbone of the company’s success, safeguarding their welfare and fostering a culture of dignity.
Furthermore, the unwavering focus on 100 percent customer satisfaction sets the firm apart and can be attributed as the primary reason behind the company’s 100 percent Y-o-Y growth in the past few years. Safety is the top priority, and the firm leaves no room for compromise, taking every precaution to secure the well-being of all machinery users.
Catering to diverse client requirements, RM Manlift offers a wide range of cutting-edge, heavy-duty equipment, including cranes, boom lifts, and truck-mounted man lifts, meticulously designed to withstand the harshest environments without compromising safety or jeopardizing lives. With RM Manlift, clients can trust that the products consistently meet the highest standards, ensuring peace of mind and unparalleled performance in the building industry.
Meeting Market Needs
The construction equipment rental market in India is witnessing robust growth driven by several key factors. With ongoing construction projects, such as metro expansions, refinery developments, and the growth of the cement and steel industries, there is a rising need for industrial machinery to enhance worker safety and operational efficiency at these sites.
By leveraging advanced equipment, projects can meet stringent standards more efficiently while ensuring a safer working environment for the workforce. The substantial decrease in accidents attributed to the deployment of these machines has significantly amplified the demand for construction equipment rental services. As a result, the market presents a highly promising and expansive growth potential in the foreseeable future.
“As you see every year they have some kind of a budget plan for construction, and the government has chosen the selected sectors like refineries and steel plants. The power, steel, and renewable energy sector is a very big market right now, and there is a lot of opportunity for growth in this sector, which in turn is facilitating the growth of equipment rental firms like ours”, shares Manish Sharma, Founder, on the growth of the market.
RM Manlift's services play a vital role as a cornerstone in the comprehensive offerings provided by rental companies in the industry. In the unpredictable and diverse weather conditions of India, equipment failures can occur unexpectedly. Construction sites often face challenging conditions, including muddy grounds and high humidity, while port operations contend with corrosive saline air and saltwater environments. The critical question arises: How swiftly can these breakdowns be addressed to ensure uninterrupted project progress? Recognizing this need, RM Manlift proudly goes the extra mile by not only providing top-notch equipment rentals but also offering exceptional repair and maintenance services. The firm’s comprehensive solutions ensure that client projects stay on track without any delays or disruptions.
“Our primary focus is to deliver an exceptional level of service. We pride ourselves on our ability to ensure that any breakdown or issue related to our machinery is swiftly and efficiently resolved. Our dedicated team works tirelessly to minimize downtime. What differentiates us is our unwavering dedication to being a service provider rather than a manufacturer. This enables us to solely concentrate on delivering top-notch service and expertise, ensuring that your needs are met with unparalleled efficiency and professionalism”, explains Manish.
RM Manlift offers tailored solutions that precisely meet the clients' requirements and timeframes. The firm excels at developing bespoke strategies to address challenges faced by clients effectively. The flagship product, the boom lift machines, are meticulously designed to operate at specific heights, making them ideal for a wide range of projects. Alongside the exceptional team of engineers, the firm provides skilled operators and supervisors who ensure seamless project execution within the designated time frame. The firm goes the extra mile by offering ongoing support and implementing robust strategies to create a safe working environment.
RM Manlift has, since the company’s inception, been determined to ensure that all initiatives & undertakings fulfil the six core values upon which the company was built
Furthermore, whether the challenge at hand is a road project, an industrial project, or an elevated road project (dams, and more), RM Manlift creates custom and unique solutions for the clients. Every project necessitates an exclusive set of authorizations, permits, as well as safety protocols, which the team assists the customer with. Following the determination of the requirements, the team appoints an in charge or supervisor to oversee the various elements involved in the delivery of the answer to the client. This enables the firm and the client to run smoothly, and attain desired results.
“At RM Manlift, quality is at the forefront of everything we do. We are dedicated to delivering solutions that surpass expectations. We provide our clients with comprehensive weekly and monthly reports, tailored to your specific needs to provide invaluable insights into machine safety. We go the extra mile by including detailed information on machine maintenance and even offer remote maintenance services, ensuring optimal performance, unrivaled quality, and transparency, setting new standards in the industry”, further adds Manish.
Current Undertakings & Future Roadmap
“We take immense pride in our prestigious collaborations with industry giants like Tata Steel Mining, Tata Project, Tata Chemicals, Aditya Birla, Utkal Aluminia, and L&T, among others. Our strong partnerships with renowned foreign companies have propelled us to new heights of success. We share a close bond with esteemed organizations like Vedanta and Afcons, actively contributing to their ambitious road projects. Our association with Tata Chemicals is a testament to our expertise. Moreover, we are engaged in working on a dream project for Maharashtra in the Mumbai coastal region. We have further secured a dealership with a major manufacturer of the machines we use, signifying our commitment to top-notch equipment and services”, shares Manish.
In addition to the remarkable collaborations, RM Manlift is gearing up for groundbreaking projects in the aviation sector. The company has been selected as a key partner for supplying cutting-edge machinery units to upcoming airports, including the prestigious Navi Mumbai airport. These strategic alliances showcase the team’s commitment to delivering unparalleled performance and safety standards. As the firm looks ahead, it has ambitious expansion plans on the horizon. The company is determined to broaden its geographical footprint and strengthen its market presence by forging new client relationships and continuously enhancing the product portfolio. With RM Manlift, the future of elevated construction solutions is brighter than ever before.