Truck Rental Market Tremendous Growth by 2027 | Daimler AG, PACCAR Leasing Company, Ryder System Inc., MAX AG


iCrowdNewswire   Dec 15, 2020  12:00 AM ET

Global Truck Rental Market Size study, By Lease Type (Finance Lease and Full-Service Lease), By Truck Capacity (Class 6 and Below and Class 7 and Above), By End-User (commercial customers and non-commercial customers), and Regional Forecasts 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, predicts the industry’s performance for the upcoming years to help stakeholders in making the right decisions that can potentially garner strong returns. Further, the document provides comprehensive analysis of the key industry trends as well as the opportunities that will ensure an upward growth trajectory in the coming years. It also focuses on developing strategies for challenges faced by the industry. Moreover, an exhaustive discussion of the latest updates including the impact of COVID-19 pandemic is furnished in the study. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Global Truck Rental Market is valued approximately at USD 72.58 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 9.86% over the forecast period 2020-2027. Truck rental requires the hire and lease of large commercial trucks or light commercial vehicles. Truck rental is mainly used by individuals, businesses and agencies who do not own their own truck fleets but still participate in freight transport as a business. Constantly growing demand for trucks from the logistics, industrial and construction sectors and rapid population growth are some of the factors driving the global truck rental market. Truck rental lowers the level of vehicle emissions by reducing the number of sales of owned vehicles as well as of road vehicles. Such factors foster the growth of the truck rental industry at an exponential pace. In addition, fleet owners are actively working on cost-cutting. steps to provide cost-effective fleet solutions. As a result, fleet owners are taking the option of renting trucks to dramatically reduce transport costs in order to handle costs effectively. Leasing or renting a truck eliminates operating risks resulting from seasonal demand for transport and the volatility of contracts driving the truck rental industry all over the world. In addition, the renting of a truck is an efficient and extremely cost-effective alternative compared to the purchase of a loan and a truck, since it provides the owner with a mobility option without having to incur the costs of ownership of the vehicle. These are the factors expected to fuel the global truck rental market in the forecast period. In addition, the leasing of a full-service truck removes financial responsibility for repair, service and replacement of vehicles and drives the global truck rental demand over the forecast period. However, the lack of service truck rental service providers in developing and underdeveloped regions is expected to impede market growth during the forecast period.

The regional analysis of global Truck Rental Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. The North American truck rental industry held the largest market share due to the involvement of companies such as AMERCO, PACCAR Leasing Company, Penske Truck Leasing Co., L.P., Ryder System, Inc. and Avis Budget Group Inc.

Major market player included in this report are:

Daimler AG

PACCAR Leasing Company

Ryder System Inc.


The Larson Group



Fetch Truck Rental

Imperial Truck Rental

Element Fleet Management Corp.

U-Hual International Inc.

Budget Truck Rental LLC

Enterprise Holdings Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Lease Type:

Finance Lease

Full-Service Lease

By Truck Capacity:

Class 6 and Below

Class 7 and Above

By Application:

Commercial Customers 

Non-commercial Customers

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior/ Level of Risk and Opportunity

End Industry Behavior/ Opportunity Assessment

Expected Industry Recovery Timeline

Business Impact Horizon

Opening of Economy by Q3 2020





Recovery – Opening of Economy extended till Q4 2020 / Q1 2021





Key highlights from COVID-19 impact analysis:

  • Predictions regarding long-term effects of COVID-19 pandemic on the growth trend.
  • Socio-economic implications of the coronavirus outbreak on the Market.
  • Peaks and valleys in demand during the Covid-19 lockdown period.
  • Supply chain challenges.
  • Projected long-term outlook of the pandemic on industry development.

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An overview of the regional landscape:

 The key regions covered in the report are North America, Europe, China, Japan and South Korea, It also covers key regions (countries), viz, the U,S,, Canada, Germany, France, U,K,, Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U,A,E, etc,.

 Regional contribution to the overall market growth is measured in the study.

 Revenue generated, sales garnered, and growth rate attained by each region during forecast period are cited. 

The market growth is analyzed by studying multiple determinants such as:

  • Market Drivers
  • Market Trends
  • Market Challenges
  • Market Opportunities
  • Market Restraints, and
  • Market Competition

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Key Questions Answered in The Report:

  • What will the Market growth rate?
  • What are the key factors driving the global Market?
  • Who are the key manufacturers in Market space?
  • What are the market opportunities and overview of the Market?
  • What are sales, revenue, and price analysis of top manufacturers of Market?
  • What are the Market opportunities and threats faced by the vendors in the global Market?
  • What are sales, revenue, and price analysis by types and applications of Market?

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Key Points Covered in Truck Rental Market Report:

Chapter 1.      Executive Summary

1.1.       Market Snapshot

1.2.      Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1.   Truck Rental Market, by Region, 2018-2027 (USD Billion)

1.2.2.   Truck Rental Market, by Lease Type, 2018-2027 (USD Billion)

1.2.3.   Truck Rental Market, by Truck Capacity, 2018-2027 (USD Billion)

1.2.4.   Truck Rental Market, by Application, 2018-2027 (USD Billion)

1.3.      Key Trends

1.4.      Estimation Methodology

1.5.      Research Assumption

Chapter 2.      Global Truck Rental Market Definition & Scope

2.1.      Objective of the Study

2.2.      Market Definition & Scope

2.2.1.   Scope of the Study

2.2.2.  Industry Evolution

2.3.      Years Considered for the Study

2.4.      Currency Conversion Rates

Chapter 3.      Global Truck Rental Market Dynamics 

3.1.      Truck Rental Market Impact Analysis (2018-2027)

3.1.1.   Market Drivers

3.1.2.   Market Challenges

3.1.3.   Market Opportunities

Chapter 4.      Global Truck Rental Market: Industry Analysis

4.1.      Porter’s 5 Force Model

4.1.1.   Bargaining Power of Suppliers

4.1.2.   Bargaining Power of Buyers

4.1.3.   Threat of New Entrants

4.1.4.   Threat of Substitutes

4.1.5.   Competitive Rivalry

4.1.6.   Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2.      PEST Analysis

4.2.1.   Political

4.2.2.  Economical

4.2.3.  Social

4.2.4.  Technological

4.3.      Investment Adoption Model

4.4.      Analyst Recommendation & Conclusion

Chapter 5.      Global Truck Rental Market, by Lease Type

5.1.      Market Snapshot

5.2.      Global Truck Rental Market by Lease Type, Performance – Potential Analysis

5.3.      Global Truck Rental Market Estimates & Forecasts by Lease Type, 2017-2027 (USD Billion)

5.4.      Truck Rental Market, Sub Segment Analysis

5.4.1.   Finance Lease

5.4.2.   Full-Service Lease

Chapter 6.      Global Truck Rental Market, by Truck Capacity

6.1.      Market Snapshot

6.2.      Global Truck Rental Market by Truck Capacity, Performance – Potential Analysis

6.3.      Global Truck Rental Market Estimates & Forecasts by Truck Capacity, 2017-2027 (USD Billion)

6.4.      Truck Rental Market, Sub Segment Analysis

6.4.1.   Class 6 and Below

6.4.2.  Class 7 and Above

Chapter 7.      Global Truck Rental Market, by Application

7.1.      Market Snapshot

7.2.      Global Truck Rental Market by Application, Performance – Potential Analysis

7.3.      Global Truck Rental Market Estimates & Forecasts by Application, 2017-2027 (USD Billion)

7.3.1.   Commercial Customers

7.3.2.   Non-commercial Customers

Chapter 8.     Global Truck Rental Market, Regional Analysis

8.1.      Truck Rental Market, Regional Market Snapshot

8.2.     North America Truck Rental Market

8.2.1.   U.S.  Truck Rental Market            Lease Type breakdown estimates & forecasts, 2017-2027           Truck Capacity breakdown estimates & forecasts, 2017-2027           Application breakdown estimates & forecasts, 2017-2027

8.2.2.  Canada Truck Rental Market

8.3.     Europe Truck Rental Market Snapshot

8.3.1.   U.K.  Truck Rental Market

8.3.2.  Germany Truck Rental Market

8.3.3.  France Truck Rental Market

8.3.4.  Spain Truck Rental Market

8.3.5.  Italy Truck Rental Market

8.3.6.  Rest of Europe Truck Rental Market

8.4.     Asia-Pacific Truck Rental Market Snapshot

8.4.1.   China Truck Rental Market

8.4.2.  India Truck Rental Market

8.4.3.  Japan Truck Rental Market

8.4.4.  Australia Truck Rental Market

8.4.5.  South Korea Truck Rental Market

8.4.6.  Rest of Asia Pacific Truck Rental Market

8.5.      Latin America Truck Rental Market Snapshot

8.5.1.   Brazil Truck Rental Market

8.5.2.  Mexico Truck Rental Market

8.6.     Rest of The World Truck Rental Market

Chapter 9.      Competitive Intelligence

9.1.      Top Market Strategies

9.2.      Company Profiles

9.2.1.   Daimler AG            Key Information            Overview            Financial (Subject to Data Availability)            Industry Summary            Recent Developments

9.2.2.  PACCAR Leasing Company

9.2.3.  Ryder System Inc.

9.2.4.  MAX AG

9.2.5.   The Larson Group

9.2.6.  Europcar

9.2.7.   SIXT

9.2.8.  Fetch Truck Rental

9.2.9.  Imperial Truck Rental

9.2.10.            Element Fleet Management Corp.

9.2.11. U-Hual International Inc.

9.2.12. Budget Truck Rental LLC

9.2.13. Enterprise Holdings Inc.

Chapter 10.    Research Process

10.1.    Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2.    Research Attributes

10.3.    Research Assumption

……..and view more in complete table of Contents

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