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PUBLISHER: Grand View Research | PRODUCT CODE: 1554188
PUBLISHER: Grand View Research | PRODUCT CODE: 1554188
Truck Rental Market Size, Share & Trends Analysis Report By Truck, By Duration (Short Term, Long Term), By Propulsion (ICE, Electric), By Service Provider, By Region, And Segment Forecasts, 2024 - 2030
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Truck Rental Market Size & Trends:
The global truck rental market was estimated at USD 121.38 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. The booming e-commerce industry significantly contributes to the growth of the truck rental market. With the surge in online shopping, there is an increasing need for efficient last-mile delivery solutions. Businesses, especially small and medium enterprises (SMEs), prefer renting trucks rather than investing in their fleet, as it offers flexibility and cost-effectiveness. This trend has led to a steady rise in demand for short-term and long-term truck rentals, particularly in urban areas with high delivery density.
Ongoing infrastructure projects and rapid urbanization also drive the growth of the truck rental market. Governments invest heavily in road networks, industrial parks, and urban development in many developing regions. These projects require significant logistics and transportation support, often provided by rented trucks. The need to transport construction materials, machinery, and other goods across various sites boosts the demand for truck rentals. Moreover, urbanization increases goods movement within cities, further fueling the market's growth.
Moreover, truck rental services offer businesses the flexibility to scale their operations without the long-term commitment of purchasing and maintaining a fleet. Renting allows companies to manage fluctuating demand more efficiently, reducing the financial burden of vehicle ownership, such as maintenance, insurance, and depreciation. This cost efficiency is particularly attractive to businesses operating on tight margins or those with seasonal demand patterns, driving the adoption of truck rental services across various industries.
Advancements in technology, particularly in fleet management systems, are enhancing the appeal of truck rental services. Modern truck rental companies offer vehicles with GPS tracking, telematics, and other advanced features that provide real-time vehicle performance data and route optimization. These technologies improve operational efficiency, reduce fuel consumption, and enhance overall safety, making truck rentals an attractive option for businesses looking to leverage the latest innovations in logistics and transportation.
Despite truck rental services' advantages, high operational costs can be a significant barrier. Rental companies often face substantial vehicle maintenance, insurance, fuel, and labor expenses. These costs can be passed on to customers through higher rental rates, making the service less attractive, particularly for price-sensitive businesses. Additionally, fluctuations in fuel prices and rising maintenance costs due to aging fleets can further strain the profitability of truck rental companies, potentially leading to reduced market growth.
Global Truck Rental Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the truck rental market based on truck, duration, propulsion, service provider, and region.
- Truck Outlook (Revenue, USD Million, 2018 - 2030)
- Light Duty
- Medium Duty
- Heavy Duty
- Duration Outlook (Revenue, USD Million, 2018 - 2030)
- Short Term
- Long Term
- Propulsion Outlook (Revenue, USD Million, 2018 - 2030)
- ICE
- Electric
- Service Provider Outlook (Revenue, USD Million, 2018 - 2030)
- Rental and Leasing Companies
- OEM Captives
- Third Party Service Providers
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- UAE
- Kingdom of Saudi Arabia
- South Africa
Product Code: GVR-4-68040-422-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Restraint Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.2. PESTEL Analysis
Chapter 4. Truck Rental Market: Truck Estimates & Trend Analysis
- 4.1. Truck Movement Analysis & Market Share, 2023 & 2030
- 4.2. Truck Rental Market Estimates & Forecast, By Truck
- 4.2.1. Light Duty
- 4.2.2. Medium Duty
- 4.2.3. Heavy Duty
Chapter 5. Truck Rental Market: Duration Estimates & Trend Analysis
- 5.1. Duration Movement Analysis & Market Share, 2023 & 2030
- 5.2. Truck Rental Market Estimates & Forecast, By Duration
- 5.2.1. Short Term
- 5.2.2. Long Term
Chapter 6. Truck Rental Market: Propulsion Estimates & Trend Analysis
- 6.1. Propulsion Movement Analysis & Market Share, 2023 & 2030
- 6.2. Truck Rental Market Estimates & Forecast, By Propulsion
- 6.2.1. ICE
- 6.2.2. Electric
Chapter 7. Truck Rental Market: Service Provider Estimates & Trend Analysis
- 7.1. Service Provider Movement Analysis & Market Share, 2023 & 2030
- 7.2. Truck Rental Market Estimates & Forecast, By Service Provider
- 7.2.1. Rental and Leasing Companies
- 7.2.2. OEM Captives
- 7.2.3. Third Party Service Providers
Chapter 8. Truck Rental Market: Regional Estimates & Trend Analysis
- 8.1. Truck Rental Market: Regional Outlook
- 8.2. North America
- 8.2.1. North America Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.2.1. Germany Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.3. U.K.
- 8.3.3.1. U.K. Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.3. India
- 8.4.3.1. India Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.4. Japan
- 8.4.4.1. Japan Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.5. Australia
- 8.4.5.1. Australia Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.4.6. South Korea
- 8.4.6.1. South Korea Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6. MEA
- 8.6.1. MEA Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.3. Kingdom of Saudi Arabia (KSA)
- 8.6.3.1. Kingdom of Saudi Arabia (KSA) Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Truck Rental market estimates & forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Share Analysis, 2023
- 9.3. Company Heat Map Analysis
- 9.4. Strategy Mapping
- 9.4.1. Expansion
- 9.4.2. Collaborations
- 9.4.3. Mergers & Acquisitions
- 9.4.4. New Product Launches
- 9.4.5. Partnerships
- 9.4.6. Others
- 9.5. Company Profiles
- 9.5.1. Enterprise Holdings, Inc.
- 9.5.1.1. Company Overview
- 9.5.1.2. Financial Performance
- 9.5.1.3. Product Benchmarking
- 9.5.1.4. Strategic Initiatives
- 9.5.2. The Hertz Corporation.
- 9.5.2.1. Company Overview
- 9.5.2.2. Financial Performance
- 9.5.2.3. Product Benchmarking
- 9.5.2.4. Strategic Initiatives
- 9.5.3. Penske
- 9.5.3.1. Company Overview
- 9.5.3.2. Financial Performance
- 9.5.3.3. Product Benchmarking
- 9.5.3.4. Strategic Initiatives
- 9.5.4. Ryder System, Inc.
- 9.5.4.1. Company Overview
- 9.5.4.2. Financial Performance
- 9.5.4.3. Product Benchmarking
- 9.5.4.4. Strategic Initiatives
- 9.5.5. Avis Rent A Car System, LLC
- 9.5.5.1. Company Overview
- 9.5.5.2. Financial Performance
- 9.5.5.3. Product Benchmarking
- 9.5.5.4. Strategic Initiatives
- 9.5.6. NationaLease
- 9.5.6.1. Company Overview
- 9.5.6.2. Financial Performance
- 9.5.6.3. Product Benchmarking
- 9.5.6.4. Strategic Initiatives
- 9.5.7. Daimler Truck AG
- 9.5.7.1. Company Overview
- 9.5.7.2. Financial Performance
- 9.5.7.3. Product Benchmarking
- 9.5.7.4. Strategic Initiatives
- 9.5.8. United Rentals, Inc.
- 9.5.8.1. Company Overview
- 9.5.8.2. Financial Performance
- 9.5.8.3. Product Benchmarking
- 9.5.8.4. Strategic Initiatives
- 9.5.9. Bush Truck Leasing
- 9.5.9.1. Company Overview
- 9.5.9.2. Financial Performance
- 9.5.9.3. Product Benchmarking
- 9.5.9.4. Strategic Initiatives
- 9.5.10. Kenworth Sales Company
- 9.5.10.1. Company Overview
- 9.5.10.2. Financial Performance
- 9.5.10.3. Product Benchmarking
- 9.5.10.4. Strategic Initiatives
- 9.5.1. Enterprise Holdings, Inc.
Product Code: GVR-4-68040-422-5
List of Tables
- Table 1. Truck rental market, 2018 - 2030 (USD Million)
- Table 2. Global market estimates and forecasts, by region, 2018 - 2030 (USD Million)
- Table 3. Global market estimates and forecasts, by truck, 2018 - 2030 (USD Million)
- Table 4. Global market estimates and forecasts, by duration, 2018 - 2030 (USD Million)
- Table 5. Global market estimates and forecasts, by propulsion, 2018 - 2030 (USD Million)
- Table 6. Global market estimates and forecasts, by service provider, 2018 - 2030 (USD Million)
- Table 7. Light duty truck rental market, by region, 2018 - 2030 (USD Million)
- Table 8. Medium duty truck rental market, by region, 2018 - 2030 (USD Million)
- Table 9. Heavy duty truck rental market, by region, 2018 - 2030 (USD Million)
- Table 10. Short term truck rental market, by region, 2018 - 2030 (USD Million)
- Table 11. Long term truck rental market, by region, 2018 - 2030 (USD Million)
- Table 12. ICE truck rental market, by region, 2018 - 2030 (USD Million)
- Table 13. Eletctric truck rental market, by region, 2018 - 2030 (USD Million)
- Table 14. Rental and leasing companies truck rental market, by region, 2018 - 2030 (USD Million)
- Table 15. OEM captives truck rental market, by region, 2018 - 2030 (USD Million)
- Table 16. Third party service providers truck rental market, by region, 2018 - 2030 (USD Million)
- Table 17. North America truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 18. North America truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 19. North America truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 20. North America truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 21. U.S. truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 22. U.S. truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 23. U.S. truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 24. U.S. truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 25. Canada truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 26. Canada truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 27. Canada truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 28. Canada truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 29. Mexico truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 30. Mexico truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 31. Mexico truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 32. Mexico truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 33. Europe truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 34. Europe truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 35. Europe truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 36. Europe truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 37. U.K. truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 38. U.K. truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 39. U.K. truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 40. U.K. truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 41. Germany truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 42. Germany truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 43. Germany truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 44. Germany truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 45. France truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 46. France truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 47. France truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 48. France truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 49. Asia Pacific truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 50. Asia Pacific truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 51. Asia Pacific truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 52. Asia Pacific truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 53. China truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 54. China truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 55. China truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 56. China truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 57. India truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 58. India truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 59. India truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 60. India truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 61. Japan truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 62. Japan truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 63. Japan truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 64. Japan truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 65. South Korea truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 66. South Korea truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 67. South Korea truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 68. South Korea truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 69. Australia truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 70. Australia truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 71. Australia truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 72. Australia truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 73. Latin America truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 74. Latin America truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 75. Latin America truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 76. Latin America truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 77. Brazil truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 78. Brazil truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 79. Brazil truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 80. Brazil truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 81. MEA truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 82. MEA truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 83. MEA truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 84. MEA truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 85. Kingdom of Saudi Arabia (KSA) truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 86. Kingdom of Saudi Arabia (KSA) truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 87. Kingdom of Saudi Arabia (KSA) truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 88. Kingdom of Saudi Arabia (KSA) truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 89. UAE truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 90. UAE truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 91. UAE truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 92. UAE truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 93. South Africa truck rental market, by truck, 2018 - 2030 (USD Million)
- Table 94. South Africa truck rental market, by duration, 2018 - 2030 (USD Million)
- Table 95. South Africa truck rental market, by propulsion, 2018 - 2030 (USD Million)
- Table 96. South Africa truck rental market, by service provider, 2018 - 2030 (USD Million)
- Table 97. Company Market Share, 2023
- Table 98. Company Heat Map Analysis
- Table 99. Key companies undergoing expansion
- Table 100. Key companies undergoing collaborations
- Table 101. Key companies undergoing new product launch
- Table 102. Key companies undergoing mergers & acquisitions
- Table 103. Key companies undergoing other strategies
List of Figures
- Fig. 1 Truck Rental Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Information Analysis
- Fig. 4 Market Formulation & Data Visualization
- Fig. 5 Data Validation & Publishing
- Fig. 6 Truck Rental Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Truck Rental Market Value, 2023 & 2030 (USD Billion)
- Fig. 10 Truck Rental - Industry Value Chain Analysis
- Fig. 11 Truck Rental Market - Market Dynamics
- Fig. 12 Truck Rental Market: PORTER's Analysis
- Fig. 13 Truck Rental Market: PESTEL Analysis
- Fig. 14 Truck Rental Market, by Truck: Key Takeaways
- Fig. 15 Truck Rental Market, by Truck: Market Share, 2023 & 2030
- Fig. 16 Truck Rental Market, by Duration: Key Takeaways
- Fig. 17 Truck Rental Market, by Duration: Market Share, 2023 & 2030
- Fig. 18 Truck Rental Market, by Propulsion: Key Takeaways
- Fig. 19 Truck Rental Market, by Propulsion: Market Share, 2023 & 2030
- Fig. 20 Truck Rental Market, by Service Provider: Key Takeaways
- Fig. 21 Truck Rental Market, by Service Provider: Market Share, 2023 & 2030
- Fig. 22 Truck Rental Market, by Region, 2023 & 2030 (USD Billion)
- Fig. 23 Regional Marketplace: Key Takeaways
- Fig. 24 North America Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 25 U.S. Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 26 Canada Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 27 Mexico Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 28 Europe Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 29 Germany Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 30 U.K. Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 31 France Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 32 Asia Pacific Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 33 China Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 34 India Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 35 Japan Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 36 Australia Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 37 South Korea Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 38 Latin America Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 39 Brazil Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 40 MEA Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 41 UAE Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 42 Kingdom of Saudi Arabia Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 43 South Africa Truck Rental Market Estimates & Forecast, 2018 - 2030 (USD Billion)
- Fig. 44 Company Market Share Analysis, 2023
- Fig. 45 Strategic Framework
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