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The truck rental market is forecasted to grow by USD 47.2 billion during 2024-2029, accelerating at a CAGR of 9.6% during the forecast period. The report on the truck rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by mounting cost pressure on fleet operators, rise in global industrialization and urbanization, and stringent regulations to control emissions boosting truck rentals.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The truck rental market is segmented as below:
By Vehicle Type
- Light commercial vehicle
- Heavy commercial vehicle
By Type
- Commercial use
- Personal use
By Propulsion
- ICE trucks
- Electric trucks
By Product Type
- Short term
- Long term
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the truck rental market covers the following areas:
- Truck Rental Market sizing
- Truck Rental Market forecast
- Truck Rental Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Vehicle Type
9 Market Segmentation by Type
10 Market Segmentation by Propulsion
11 Market Segmentation by Product Type
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global truck rental market: Advantage Car and Truck Rentals Ltd., Avis Budget Group Inc., EASY RENT truck and trailer GmbH, Element Fleet Management Corp., Enterprise Holdings Inc., Europcar Group UK Ltd., GoTranspose Inc., Hertz Global Holdings Inc., Imperial Logistics Ltd., Mercedes Benz Group AG, PACCAR Inc., Pan Pacific Van and Truck Leasing Pte Ltd., Penske Automotive Group Inc., Ryder System Inc., SIXT SE, The Larson Group, TruckGuru LLP, TruKKer Holding, U Haul International Inc., and United Rentals Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of truck platooning."
According to the report, one of the major drivers for this market is the mounting cost pressure on fleet operators.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advantage Car and Truck Rentals Ltd.
- Avis Budget Group Inc.
- EASY RENT truck and trailer GmbH
- Element Fleet Management Corp.
- Enterprise Holdings Inc.
- Europcar Group UK Ltd.
- GoTranspose Inc.
- Hertz Global Holdings Inc.
- Imperial Logistics Ltd.
- Mercedes Benz Group AG
- PACCAR Inc.
- Pan Pacific Van and Truck Leasing Pte Ltd.
- Penske Automotive Group Inc.
- Ryder System Inc.
- SIXT SE
- The Larson Group
- TruckGuru LLP
- TruKKer Holding
- U Haul International Inc.
- United Rentals Inc.
