Global truck rental market 2024-2028

Description

List of Tables

The truck rental market is forecasted to grow by USD 40 bn during 2023-2028, accelerating at a CAGR of 8.83% 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.

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.

Technavio's truck rental market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.51%
CAGR	8.83%
Incremental Value	$40bn

ByVehicle Type

Light commercial vehicle
Heavy commercial vehicle

ByType

Commercial use
Personal use

ByGeography

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the emergence of truck platooning as one of the prime reasons driving the truck rental market growth during the next few years. Also, use of advanced analytics for telematics data to increase reliability of rental trucks and boost e-commerce across developing economies providing platform for truck rentals will lead to sizable demand in the market.

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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading truck rental market vendors that include 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, NL Commercials Holdings Ltd., 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.. Also, the truck rental market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher 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 research - both primary and secondary. 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 the accurate market growth.

Product Code: IRTNTR73085

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Truck Rental Market 2018 - 2022
- Historic Market Size - Data Table on Global Truck Rental Market 2018 - 2022 ($ billion)
4.2 Vehicle Type segment analysis 2018 - 2022
- Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ billion)
4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Vehicle Type

6.1 Market segments
- Chart on Vehicle Type - Market share 2023-2028 (%)
- Data Table on Vehicle Type - Market share 2023-2028 (%)
6.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type
6.3 Light commercial vehicle - Market size and forecast 2023-2028
- Chart on Light commercial vehicle - Market size and forecast 2023-2028 ($ billion)
- Data Table on Light commercial vehicle - Market size and forecast 2023-2028 ($ billion)
- Chart on Light commercial vehicle - Year-over-year growth 2023-2028 (%)
- Data Table on Light commercial vehicle - Year-over-year growth 2023-2028 (%)
6.4 Heavy commercial vehicle - Market size and forecast 2023-2028
- Chart on Heavy commercial vehicle - Market size and forecast 2023-2028 ($ billion)
- Data Table on Heavy commercial vehicle - Market size and forecast 2023-2028 ($ billion)
- Chart on Heavy commercial vehicle - Year-over-year growth 2023-2028 (%)
- Data Table on Heavy commercial vehicle - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ billion)
- Data Table on Market opportunity by Vehicle Type ($ billion)

7 Market Segmentation by Type

7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
7.3 Commercial use - Market size and forecast 2023-2028
- Chart on Commercial use - Market size and forecast 2023-2028 ($ billion)
- Data Table on Commercial use - Market size and forecast 2023-2028 ($ billion)
- Chart on Commercial use - Year-over-year growth 2023-2028 (%)
- Data Table on Commercial use - Year-over-year growth 2023-2028 (%)
7.4 Personal use - Market size and forecast 2023-2028
- Chart on Personal use - Market size and forecast 2023-2028 ($ billion)
- Data Table on Personal use - Market size and forecast 2023-2028 ($ billion)
- Chart on Personal use - Year-over-year growth 2023-2028 (%)
- Data Table on Personal use - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Advantage Car and Truck Rentals Ltd.
- Advantage Car and Truck Rentals Ltd. - Overview
- Advantage Car and Truck Rentals Ltd. - Product / Service
- Advantage Car and Truck Rentals Ltd. - Key offerings
12.4 Avis Budget Group Inc.
- Avis Budget Group Inc. - Overview
- Avis Budget Group Inc. - Business segments
- Avis Budget Group Inc. - Key offerings
- Avis Budget Group Inc. - Segment focus
12.5 EASY RENT truck and trailer GmbH
- EASY RENT truck and trailer GmbH - Overview
- EASY RENT truck and trailer GmbH - Product / Service
- EASY RENT truck and trailer GmbH - Key offerings
12.6 Element Fleet Management Corp.
- Element Fleet Management Corp. - Overview
- Element Fleet Management Corp. - Product / Service
- Element Fleet Management Corp. - Key news
- Element Fleet Management Corp. - Key offerings
12.7 Enterprise Holdings Inc.
- Enterprise Holdings Inc. - Overview
- Enterprise Holdings Inc. - Product / Service
- Enterprise Holdings Inc. - Key news
- Enterprise Holdings Inc. - Key offerings
12.8 Europcar Group UK Ltd.
- Europcar Group UK Ltd. - Overview
- Europcar Group UK Ltd. - Product / Service
- Europcar Group UK Ltd. - Key news
- Europcar Group UK Ltd. - Key offerings
12.9 GoTranspose Inc.
- GoTranspose Inc. - Overview
- GoTranspose Inc. - Product / Service
- GoTranspose Inc. - Key offerings
12.10 PACCAR Inc.
- PACCAR Inc. - Overview
- PACCAR Inc. - Business segments
- PACCAR Inc. - Key news
- PACCAR Inc. - Key offerings
- PACCAR Inc. - Segment focus
12.11 Pan Pacific Van and Truck Leasing Pte Ltd.
- Pan Pacific Van and Truck Leasing Pte Ltd. - Overview
- Pan Pacific Van and Truck Leasing Pte Ltd. - Product / Service
- Pan Pacific Van and Truck Leasing Pte Ltd. - Key offerings
12.12 Penske Automotive Group Inc.
- Penske Automotive Group Inc. - Overview
- Penske Automotive Group Inc. - Business segments
- Penske Automotive Group Inc. - Key news
- Penske Automotive Group Inc. - Key offerings
- Penske Automotive Group Inc. - Segment focus
12.13 Ryder System Inc.
- Ryder System Inc. - Overview
- Ryder System Inc. - Business segments
- Ryder System Inc. - Key offerings
- Ryder System Inc. - Segment focus
12.14 SIXT SE
- SIXT SE - Overview
- SIXT SE - Business segments
- SIXT SE - Key news
- SIXT SE - Key offerings
- SIXT SE - Segment focus
12.15 TruckGuru LLP
- TruckGuru LLP - Overview
- TruckGuru LLP - Product / Service
- TruckGuru LLP - Key offerings
12.16 U Haul International Inc.
- U Haul International Inc. - Overview
- U Haul International Inc. - Product / Service
- U Haul International Inc. - Key offerings
12.17 United Rentals Inc.
- United Rentals Inc. - Overview
- United Rentals Inc. - Business segments
- United Rentals Inc. - Key news
- United Rentals Inc. - Key offerings
- United Rentals Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations