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Truck Rental in the US
IBISWorld, Aug 2011, Pages: 29
Gaining traction: Residential moving activity and freight demand will pick up, driving growth
Truck Rental in the US
In for the long haul: Low freight activity and a down housing market decreased demand for truck rentals and leases during the recession, but the industry is set to pick up over the next five years. As the residential housing market improves and businesses require more trucks for freight activity, demand for truck rentals will revive. Furthermore, many businesses will find it more cost effective to rent trucks, as regulations heighten.
Companies in this industry primarily rent or lease trucks, utility trailers and semi-trailers without drivers. Purchasing and lease-to-own arrangements of these vehicles are excluded from this industry. Firms that rent or lease industrial trucks and equipment, including forklifts, are covered in the Industrial, Medical and Other Rental and Leasing industry (NAICS 53249).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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