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Truck Rental Market

Truck Rental Market (Lease Type: Full Service/Rental and Finance Lease; Truck Type: Medium Duty and Heavy Duty; and Service Provider: OEM Captive, Commercial Banks, and NBFCs) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Price Hike in Rental Services Discourages Customers during COVID-19 Pandemic

The revenue of companies in the truck rental market took a major hit due to nationwide lockdowns in several countries as a result of the COVID-19 (coronavirus) outbreak. The cost of renting a truck has jumped sharply, especially during the peak months of the pandemic, and continues to surge in countries such as the U.S., Brazil, India, and Russia. Lockdown restrictions have been relaxed in almost all countries worldwide but the rise in cost of renting trucks is anticipated to prevail in the upcoming months.

Companies in the truck rental market should tap opportunities in the transportation of essential goods and products such as healthcare supplies and FMCG products. However, more than 50% hike in truck rental prices is discouraging customers, thus slowing down the truck rental business. Moreover, the non-availability of drivers has also led to a price hike in rental services.

truck rental market infographic

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Intracity Logistic Service Mobile Apps Being Publicized for Instant Truck Booking

Innovative logistics apps are creating incremental opportunities for stakeholders in the truck rental market. The Porter App is gaining popularity in India for its intracity logistics services. Thus, this market in Asia Pacific is projected for exponential during the forecast period, where India is one of the fastest growing economies in the region. As such, the truck rental market is estimated to reach a value of US$ 204.2 Bn by the end of 2030.

Stakeholders in the market for truck rental should collaborate with mobile app companies providing logistics solutions to generate revenue streams. The increasing number of smartphone users in India has led to the popularity of mobile apps. With the help of mobile app logistics services, users are able to choose the vehicle of their choice and instantly book it without any waiting time.

truck rental market segmentation

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High Uptime Trucks of Popular Automotive Companies Create Incremental Opportunities for Logistics Companies

Companies in the truck rental market are tying up with reliable automotive companies to bolster their credibility among customers. Companies in the truck rental market are developing user-friendly websites that help customers to plan their route. Websites are becoming a good source of verified partners who stock truck fleets with high uptime.

Logistics companies are broadening their services portfolio by offering safety measures while transporting goods. These companies are increasing efforts to build a strong network of reliable drivers that safely transport the goods. With the help of reviews and recommendations from customers on websites, logistics companies are building their credibility, which also benefits vehicle providers.

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Truck-as-a-Service Business Demands Skilled Technicians to Troubleshoot Software Issues

The truck as a service business model has emerged as a game changer for rental companies. However, like all businesses, even the truck rental market is challenged with complexities in advanced truck technologies. This has fueled the demand for skilled technicians who can troubleshoot technological problems in vehicles. Companies in the truck rental market are increasing efforts to introduce diagnostic technologies and applications in trucks that can greatly reduce the turnaround time and deploy real-time insights about system downtime. As such, electronics, Big Data, telematics, and software technologies are becoming increasingly mainstream in advanced trucks.

OEMs and tier-1 system suppliers are facilitating predictive maintenance technologies in trucks to generate digital insights for fleet owners. These technologies are leveraging telematics systems in trucks, whilst changing the operating conditions for service and maintenance providers. The truck-as-a-service business is growing rapidly in the U.S., which explains why North America is predicted to dominate the truck rental market during the assessment period.

Specialist Vehicles and Protection Packages Ensure Safe Transportation of Large Objects

A simple and hassle-free rental experience is highly preferred by customers. Companies in the truck rental market are expanding their fleet of trucks that keeps rental cost down for customers. For instance, Europcar - a French mobility solutions company, is gaining recognition for its flexible range of self-drive solutions for vehicles used in short-term and long-term applications. Key market developments are contributing toward a robust CAGR growth of ~10% of the truck rental market throughout the forecast period.

Companies in the truck rental market are providing tailored solutions to customers with a range of additional drivers and protection packages to meet specialist requirements. They are increasing the availability of specialist vehicles that offer total flexibility and convenience, while transporting large objects.

Truck Rental Companies Address Damage to Goods during Freight Transshipment Processes

There is a growing demand for truck rental services to conduct intermodal logistic activities. Since relocating within or outside the domestic country is potentially challenging for customers, companies in the truck rental market are stepping in to provide packaging and moving services to avoid deterioration of goods and products. Since local packers and movers are found to take goods’ protection for granted, major truck rental companies are increasing efforts to eliminate these issues by taking care of all packing and moving activities.

During freight transshipment, it is found that the belongings of customers are often damaged, since freight transfer involves relocation of goods from one shipping vehicle to another during vehicle breakdown. Hence, companies in the truck rental market are addressing these issues of freight transshipment and are providing professional relocation services to avoid damages to goods.

Analysts’ Viewpoint

Truckers have been unwilling to work due to harassment by police and lack of clarity on what goods are permitted to be transported amidst the COVID-19 pandemic. Apart from the lack of skilled technicians for troubleshooting telematics and software problems in the truck-as-a-service business, road conditions in India also suffer, causing a redundancy in market growth. Hence, companies should make collective alliances and appeal to government to improve the condition of national highways in India.

Moreover, mobile apps are creating lucrative opportunities for truck rental companies.

Truck Rental Market: Overview

  • The global truck rental market is anticipated to expand at a CAGR of ~10% during the forecast period, owing to increase in preference for cost-effective truck rental over purchase
  • Increased ownership expense, growing stringency in emission norms compelling routine upgrade of vehicle systems, and rising maintenance cost have prompted transport companies to shift toward renting truck instead of buying truck

Major Drivers of Truck Rental Market

  • Automakers have established a financial business arm called captives and are diversifying into rental, leasing, and finance business. Automakers are developing service models apart from their mainstream vehicle sales business. Aggressive advertising and lucrative rental offers by OEM captives are enhancing market availability and awareness about truck rentals, which in turn is estimated to boost the truck rental market during the forecast period.
  • Routine upgrade of truck fleet, in terms of digitalized solutions and emission control technologies, and associated maintenance repair cost have discouraged truck ownership and led to more consumers adopting truck rental services

Segmentation of Truck Rental Market

  • Based on lease type, the full service/rental segment is anticipated to expand at a notable growth rate during the forecast period. Full service includes fuel cost and other value added services. It is gaining high preference in the global market. Finance lease is more attractive in North America, as consumers are found to prefer having ownership at the end of the tenure.
  • Based on service provider, the NBFCs segment held a leading share of the global truck rental market in 2019. Transportation service companies are major providers of rental and short-term truck leasing. OEM captives are entering into auto-financing. Automakers such as PACCAR, Daimler, and Volvo have started providing truck rental services.

Truck Rental Market: Regional Analysis

  • Based on region, the global truck rental market has been segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • North America held nearly 44% share of the total global truck rental market, in terms of revenue, in 2019. More than 70% of truckers in the U.S. have less than 10 trucks. Small & medium transportation companies are preferring truck rental against direct purchase due to its cost-effective nature. The U.S held a leading share of the truck rental market in North America. The trucking industry in the U.S. is a prominent transporter of heavy freight, globally.
  • North America is followed by Europe, in terms of revenue share of the global truck rental market. Roads are the dominant means of freight transport in Europe. The EU Common Transport Policy has included its main objective to move toward sustainable development of transport. Emission from transportation accounts for nearly three-fourths of the total emission in Europe. Increase in stringency of emission norms has raised the cost of trucks as well as the demand for retro-fitment of emission devices on on-road trucks. Transport companies in the region are increasingly preferring truck rental to avoid the hassle of upgrade of truck fleet and save on associated cost.

Truck Rental Market: Competition Landscape

  • Prominent players operating in the global truck rental market include -
    • Daimler AG
    • PACCAR Leasing Company
    • Ryder System Inc.
    • MAX Rental.lu AG
    • The Larson Group
    • Europcar
    • SIXT
    • Fetch Truck Rental
    • Imperial Truck Rental
    • Element Fleet Management Corp.
    • U-Hual International Inc.
    • Budget Truck Rental LLC
    • Enterprise Holdings Inc. 

Truck Rental Market – Segmentation

This report on the truck rental market provides information on the basis of lease type, truck type, service provider, and region.

Lease Type
  • Full Service/Rental
  • Finance Lease

Truck Type
  • Medium Duty
  • Heavy Duty

Service Provider
  • OEMs
  • Commercial Banks
  • NBFCs

Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
Truck Rental Market

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1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Global Truck Rental Market

    3.1. Global Truck Rental Market Value (US$ Bn) Forecast, 2019-2030

4. Market Overview

    4.1. Introduction

    4.2. Market Dynamics

        4.2.1. Drivers

        4.2.2. Restraints

        4.2.3. Opportunity

    4.3. Porter’s Five Force Analysis

    4.4. Value Chain Analysis

    4.5. SWOT Analysis

5. Global Truck Rental Market Analysis and Forecast, by Lease Type

    5.1. Definition

    5.2. Market Snapshot

    5.3. Global Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

        5.3.1. Full Service/ Rental

        5.3.2. Finance Lease

6. Global Truck Rental Market Analysis and Forecast, by Truck Type

    6.1. Definition

    6.2. Market Snapshot

    6.3. Global Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

        6.3.1. Medium Duty

        6.3.2. Heavy Duty

7. Global Truck Rental Market Analysis and Forecast, by Service Provider

    7.1. Definition

    7.2. Market Snapshot

    7.3. Global Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

        7.3.1. OEM Captive

        7.3.2. Commercial Bank

        7.3.3. NBFCs

8. Global Truck Rental Market Analysis and Forecast, by Region

    8.1. Market Snapshot

    8.2. Global Truck Rental Market Value (US$ Bn) Forecast, by Region, 2019-2030

        8.2.1. North America

        8.2.2. Latin America

        8.2.3. Europe

        8.2.4. Asia Pacific

        8.2.5. Middle East & Africa

9. North America Truck Rental Market Value (US$ Bn) Forecast, 2019-2030

    9.1. Market Snapshot

    9.2. North America Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        9.2.1. Full Service/ Rental

        9.2.2. Finance Lease

    9.3. North America Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        9.3.1. Medium Duty

        9.3.2. Heavy Duty

    9.4. North America Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        9.4.1. OEM Captive

        9.4.2. Commercial Bank

        9.4.3. NBFCs

    9.5. North America Truck Rental Market Value (US$ Bn) Forecast, by Country

        9.5.1. U.S.

        9.5.2. Canada

    9.6. U.S. Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        9.6.1. Full Service/ Rental

        9.6.2. Finance Lease

    9.7. U.S. Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        9.7.1. Medium Duty

        9.7.2. Heavy Duty

    9.8. U.S. Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        9.8.1. OEM Captive

        9.8.2. Commercial Bank

        9.8.3. NBFCs

    9.9. Canada Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        9.9.1. Full Service/ Rental

        9.9.2. Finance Lease

    9.10. Canada Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        9.10.1. Medium Duty

        9.10.2. Heavy Duty

    9.11. Canada Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        9.11.1. OEM Captive

        9.11.2. Commercial Bank

        9.11.3. NBFCs

    9.12. North America Truck Rental Market: PEST Analysis

10. Latin America Truck Rental Market Value (US$ Bn) Forecast, 2019-2030

    10.1. Market Snapshot

    10.2. Latin America Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        10.2.1. Full Service/ Rental

        10.2.2. Finance Lease

    10.3. Latin America Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        10.3.1. Medium Duty

        10.3.2. Heavy Duty

    10.4. Latin America Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        10.4.1. OEM Captive

        10.4.2. Commercial Bank

        10.4.3. NBFCs

    10.5. Latin America Truck Rental Market Value (US$ Bn) Forecast, by Country and Sub-region

        10.5.1. Brazil

        10.5.2. Mexico

        10.5.3. Rest of Latin America

    10.6. Brazil Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        10.6.1. Full Service/ Rental

        10.6.2. Finance Lease

    10.7. Brazil Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        10.7.1. Medium Duty

        10.7.2. Heavy Duty

    10.8. Brazil Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        10.8.1. OEM Captive

        10.8.2. Commercial Bank

        10.8.3. NBFCs

    10.9. Mexico Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        10.9.1. Full Service/ Rental

        10.9.2. Finance Lease

    10.10. Mexico Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        10.10.1. Medium Duty

        10.10.2. Heavy Duty

    10.11. Mexico Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        10.11.1. OEM Captive

        10.11.2. Commercial Bank

        10.11.3. NBFCs

    10.12. Rest of Latin America Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        10.12.1. Full Service/ Rental

        10.12.2. Finance Lease

    10.13. Rest of Latin America Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        10.13.1. Medium Duty

        10.13.2. Heavy Duty

    10.14. Rest of Latin America Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        10.14.1. OEM Captive

        10.14.2. Commercial Bank

        10.14.3. NBFCs

    10.15. Latin America Truck Rental Market: PEST Analysis

11. Europe Truck Rental Market Value (US$ Bn) Forecast, 2019-2030

    11.1. Market Snapshot

    11.2. Europe Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        11.2.1. Full Service/ Rental

        11.2.2. Finance Lease

    11.3. Europe Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        11.3.1. Medium Duty

        11.3.2. Heavy Duty

    11.4. Europe Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        11.4.1. OEM Captive

        11.4.2. Commercial Bank

        11.4.3. NBFCs

    11.5. Europe Truck Rental Market Value (US$ Bn) Forecast, by Country and Sub-region

        11.5.1. Germany

        11.5.2. U.K.

        11.5.3. France

        11.5.4. Italy

        11.5.5. Spain

        11.5.6. Rest of Europe

    11.6. Germany Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        11.6.1. Full Service/ Rental

        11.6.2. Finance Lease

    11.7. Germany Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        11.7.1. Medium Duty

        11.7.2. Heavy Duty

    11.8. Germany Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        11.8.1. OEM Captive

        11.8.2. Commercial Bank

        11.8.3. NBFCs

    11.9. U.K. Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        11.9.1. Full Service/ Rental

        11.9.2. Finance Lease

    11.10. U.K. Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        11.10.1. Medium Duty

        11.10.2. Heavy Duty

    11.11. U.K. Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        11.11.1. OEM Captive

        11.11.2. Commercial Bank

        11.11.3. NBFCs

    11.12. France Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        11.12.1. Full Service/ Rental

        11.12.2. Finance Lease

    11.13. France Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        11.13.1. Medium Duty

        11.13.2. Heavy Duty

    11.14. France Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        11.14.1. OEM Captive

        11.14.2. Commercial Bank

        11.14.3. NBFCs

    11.15. Italy Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        11.15.1. Full Service/ Rental

        11.15.2. Finance Lease

    11.16. Italy Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        11.16.1. Medium Duty

        11.16.2. Heavy Duty

    11.17. Italy Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        11.17.1. OEM Captive

        11.17.2. Commercial Bank

        11.17.3. NBFCs

    11.18. Spain Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        11.18.1. Full Service/ Rental

        11.18.2. Finance Lease

    11.19. Spain Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        11.19.1. Medium Duty

        11.19.2. Heavy Duty

    11.20. Spain Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        11.20.1. OEM Captive

        11.20.2. Commercial Bank

        11.20.3. NBFCs

    11.21. Rest of Europe Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        11.21.1. Full Service/ Rental

        11.21.2. Finance Lease

    11.22. Rest of Europe Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        11.22.1. Medium Duty

        11.22.2. Heavy Duty

    11.23. Rest of Europe Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        11.23.1. OEM Captive

        11.23.2. Commercial Bank

        11.23.3. NBFCs

    11.24. Europe Truck Rental Market: PEST Analysis

12. Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, 2019-2030

    12.1. Market Snapshot

    12.2. Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        12.2.1. Full Service/ Rental

        12.2.2. Finance Lease

    12.3. Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        12.3.1. Medium Duty

        12.3.2. Heavy Duty

    12.4. Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        12.4.1. OEM Captive

        12.4.2. Commercial Bank

        12.4.3. NBFCs

    12.5. Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Country and Sub-region

        12.5.1. China

        12.5.2. India

        12.5.3. Japan

        12.5.4. ASEAN

        12.5.5. Rest of Asia Pacific

    12.6. China Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        12.6.1. Full Service/ Rental

        12.6.2. Finance Lease

    12.7. China Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        12.7.1. Medium Duty

        12.7.2. Heavy Duty

    12.8. China Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        12.8.1. OEM Captive

        12.8.2. Commercial Bank

        12.8.3. NBFCs

    12.9. India Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        12.9.1. Full Service/ Rental

        12.9.2. Finance Lease

    12.10. India Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        12.10.1. Medium Duty

        12.10.2. Heavy Duty

    12.11. India Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        12.11.1. OEM Captive

        12.11.2. Commercial Bank

        12.11.3. NBFCs

    12.12. Japan Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        12.12.1. Full Service/ Rental

        12.12.2. Finance Lease

    12.13. Japan Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        12.13.1. Medium Duty

        12.13.2. Heavy Duty

    12.14. Japan Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        12.14.1. OEM Captive

        12.14.2. Commercial Bank

        12.14.3. NBFCs

    12.15. ASEAN Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        12.15.1. Full Service/ Rental

        12.15.2. Finance Lease

    12.16. ASEAN Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        12.16.1. Medium Duty

        12.16.2. Heavy Duty

    12.17. ASEAN Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        12.17.1. OEM Captive

        12.17.2. Commercial Bank

        12.17.3. NBFCs

    12.18. Rest of Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        12.18.1. Full Service/ Rental

        12.18.2. Finance Lease

    12.19. Rest of Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        12.19.1. Medium Duty

        12.19.2. Heavy Duty

    12.20. Rest of Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        12.20.1. OEM Captive

        12.20.2. Commercial Bank

        12.20.3. NBFCs

    12.21. Asia Pacific Truck Rental Market: PEST Analysis

13. Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, 2019-2030

    13.1. Market Snapshot

    13.2. Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        13.2.1. Full Service/ Rental

        13.2.2. Finance Lease

    13.3. Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        13.3.1. Medium Duty

        13.3.2. Heavy Duty

    13.4. Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        13.4.1. OEM Captive

        13.4.2. Commercial Bank

        13.4.3. NBFCs

    13.5. Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Country and Sub-region

        13.5.1. GCC

        13.5.2. South Africa

        13.5.3. Rest of Middle East & Africa

    13.6. GCC Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        13.6.1. Full Service/ Rental

        13.6.2. Finance Lease

    13.7. GCC Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        13.7.1. Medium Duty

        13.7.2. Heavy Duty

    13.8. GCC Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        13.8.1. OEM Captive

        13.8.2. Commercial Bank

        13.8.3. NBFCs

    13.9. South Africa Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        13.9.1. Full Service/ Rental

        13.9.2. Finance Lease

    13.10. South Africa Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        13.10.1. Medium Duty

        13.10.2. Heavy Duty

    13.11. South Africa Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        13.11.1. OEM Captive

        13.11.2. Commercial Bank

        13.11.3. NBFCs

    13.12. Rest of Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Lease Type

        13.12.1. Full Service/ Rental

        13.12.2. Finance Lease

    13.13. Rest of Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Truck Type

        13.13.1. Medium Duty

        13.13.2. Heavy Duty

    13.14. Rest of Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Service Provider

        13.14.1. OEM Captive

        13.14.2. Commercial Bank

        13.14.3. NBFCs

    13.15. Middle East & Africa Truck Rental Market: PEST Analysis

14. Competition Landscape

    14.1. Truck Rental Market - Company Shares

    14.2. Key Market Players (Details – Overview, Overall Revenue, Recent Developments, Expansion Strategy)

        14.2.1. Daimler AG

            14.2.1.1. Overview

            14.2.1.2. Overall Revenue

            14.2.1.3. Recent Developments

            14.2.1.4. Expansion Strategy

        14.2.2. Tata Motors

            14.2.2.1. Overview

            14.2.2.2. Overall Revenue

            14.2.2.3. Recent Developments

            14.2.2.4. Expansion Strategy

        14.2.3. Fleet Advantage LLC

            14.2.3.1. Overview

            14.2.3.2. Overall Revenue

            14.2.3.3. Recent Developments

            14.2.3.4. Expansion Strategy

        14.2.4. Trimble Inc.

            14.2.4.1. Overview

            14.2.4.2. Overall Revenue

            14.2.4.3. Recent Developments

            14.2.4.4. Expansion Strategy

        14.2.5. TRATON SE

            14.2.5.1. Overview

            14.2.5.2. Overall Revenue

            14.2.5.3. Recent Developments

            14.2.5.4. Expansion Strategy

        14.2.6. Navistar Inc.

            14.2.6.1. Overview

            14.2.6.2. Overall Revenue

            14.2.6.3. Recent Developments

            14.2.6.4. Expansion Strategy

        14.2.7. Scania

            14.2.7.1. Overview

            14.2.7.2. Overall Revenue

            14.2.7.3. Recent Developments

            14.2.7.4. Expansion Strategy

        14.2.8. Nikola Corporation

            14.2.8.1. Overview

            14.2.8.2. Overall Revenue

            14.2.8.3. Recent Developments

            14.2.8.4. Expansion Strategy

        14.2.9. MAN Trucks

            14.2.9.1. Overview

            14.2.9.2. Overall Revenue

            14.2.9.3. Recent Developments

            14.2.9.4. Expansion Strategy

        14.2.10. PACCAR Inc.

            14.2.10.1. Overview

            14.2.10.2. Overall Revenue

            14.2.10.3. Recent Developments

            14.2.10.4. Expansion Strategy

List of Tables

Table 1: Global Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 2: Global Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 3: Global Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 4: Global Truck Rental Market Value (US$ Bn) Forecast, by Region, 2019-2030

Table 5: North America Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 6: North America Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 7: North America Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 8: North America Truck Rental Market Value(US$ Bn) Forecast, by Country, 2019-2030

Table 9: U.S. Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 10: U.S. Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 11: U.S. Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 12: Canada Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 13: Canada Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 14: Canada Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 15: Latin America Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 16: Latin America Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 17: Latin America Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 18: Latin America Truck Rental Market Value(US$ Bn) Forecast, by Country and Sub-region, 2019-2030

Table 19: Brazil Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 20: Brazil Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 21: Brazil Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 22: Mexico Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 23: Mexico Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 24: Mexico Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 25: Rest of Latin America Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 26: Rest of Latin America Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 27: Rest of Latin America Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 28: Europe Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 29: Europe Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 30: Europe Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 31: Europe Truck Rental Market Value(US$ Bn) Forecast, by Country and Sub-region, 2019-2030

Table 32: Germany Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 33: Germany Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, , 2019-2030

Table 34: Germany Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 35: U.K. Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 36: U.K. Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 37: U.K. Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 38: France Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 39: France Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 40: France Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 41: Italy Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 42: Italy Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 43: Italy Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 44: Spain Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 45: Spain Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 46: Spain Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 47: Rest of Europe Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 48: Rest of Europe Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 49: Rest of Europe Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 50: Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 51: Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 52: Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 53: Asia Pacific Truck Rental Market Value(US$ Bn) Forecast, by Country and Sub-region, 2019-2030

Table 54: China Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 55: China Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 56: China Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 57: India Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 58: India Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 59: India Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 60: Japan Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 61: Japan Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 62: Japan Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 63: ASEAN Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 64: ASEAN Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 65: ASEAN Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 65: Rest of Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 66: Rest of Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 67: Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 68: Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 69: Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 70: Middle East & Africa Truck Rental Market Value(US$ Bn) Forecast, by Country and Sub-region, 2019-2030

Table 71: GCC Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 72: GCC Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 73: GCC Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 74: South Africa Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 75: South Africa Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 76: South Africa Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

Table 77: Rest of Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Table 78: Rest of Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Table 80: Rest of Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Service Provider, 2019-2030

List of Figures

Figure 1: Global Truck Rental Market Value (US$ Bn) Forecast, 2019-2030

Figure 2: Global Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Figure 3: Global Truck Rental Market Share Analysis, by Lease Type, 2019 and 2030

Figure 4: Global Truck Rental Market Opportunity (US$ Bn), by Lease Type, 2020-2030

Figure 5: Global Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Figure 6: Global Truck Rental Market Share Analysis, by Truck Type, 2019 and 2030

Figure 7: Global Truck Rental Market Opportunity (US$ Bn), by Truck Type, 2020-2030

Figure 8: Global Truck Rental Market Value by Service Provider, 2019-2030

Figure 9: Global Truck Rental Market Share Analysis, by Service Provider, 2019 and 2030

Figure 10: Global Truck Rental Market Opportunity (US$ Bn), by Service Provider, 2020-2030

Figure 11: Global Truck Rental Market Value (US$ Bn) Forecast, by Region, 2019-2030

Figure 12: Global Truck Rental Market Share Analysis, by Region, 2019 and 2030

Figure 13: Global Truck Rental Market Opportunity (US$ Bn), by Region, 2020-2030

Figure 14: North America Truck Rental Market Value, 2019-2030

Figure 15: North America Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Figure 16: North America Truck Rental Market Share Analysis, by Lease Type, 2019 and 2030

Figure 17: North America Truck Rental Market Opportunity (US$ Bn), by Lease Type, 2020-2030

Figure 18: North America Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Figure 19: North America Truck Rental Market Share Analysis, by Truck Type, 2019 and 2030

Figure 20: North America Truck Rental Market Opportunity (US$ Bn), by Truck Type, 2020-2030

Figure 21: North America Truck Rental Market Value by Service Provider, 2019-2030

Figure 22: North America Truck Rental Market Share Analysis, by Service Provider, 2019 and 2030

Figure 23: North America Truck Rental Market Opportunity (US$ Bn), by Service Provider, 2020-2030

Figure 24: North America Truck Rental Market Value (US$ Bn) Forecast, by Country, 2019-2030

Figure 25: North America Truck Rental Market Share Analysis, by Country, 2019 and 2030

Figure 26: North America Truck Rental Market Opportunity (US$ Bn), by Country, 2020-2030

Figure 27: Latin America Truck Rental Market Value, 2019-2030

Figure 28: Latin America Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Figure 29: Latin America Truck Rental Market Share Analysis, by Lease Type, 2019 and 2030

Figure 30: Latin America Truck Rental Market Opportunity (US$ Bn), by Lease Type, 2020-2030

Figure 31: Latin America Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Figure 32: Latin America Truck Rental Market Share Analysis, by Truck Type, 2019 and 2030

Figure 33: Latin America Truck Rental Market Opportunity (US$ Bn), by Truck Type, 2020-2030

Figure 34: Latin America Truck Rental Market Value by Service Provider, 2019-2030

Figure 35: Latin America Truck Rental Market Share Analysis, by Service Provider, 2019 and 2030

Figure 36: Latin America Truck Rental Market Opportunity (US$ Bn), by Service Provider, 2020-2030

Figure 37: Latin America Truck Rental Market Value (US$ Bn) Forecast, by Country and Sub-region, 2019-2030

Figure 38: Latin America Truck Rental Market Share Analysis, by Country and Sub-region, 2019 and 2030

Figure 39: Latin America Truck Rental Market Opportunity (US$ Bn), by Country and Sub-region, 2020-2030

Figure 40: Europe Truck Rental Market Value, 2019-2030

Figure 41: Europe Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Figure 42: Europe Truck Rental Market Share Analysis, by Lease Type, 2019 and 2030

Figure 43: Europe Truck Rental Market Opportunity (US$ Bn), by Lease Type, 2020-2030

Figure 44: Europe Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Figure 45: Europe Truck Rental Market Share Analysis, by Truck Type, 2019 and 2030

Figure 46: Europe Truck Rental Market Opportunity (US$ Bn), by Truck Type, 2020-2030

Figure 47: Europe Truck Rental Market Value by Service Provider, 2019-2030

Figure 48: Europe Truck Rental Market Share Analysis, by Service Provider, 2019 and 2030

Figure 49: Europe Truck Rental Market Opportunity (US$ Bn), by Service Provider, 2020-2030

Figure 50: Europe Truck Rental Market Value (US$ Bn) Forecast, by Country and Sub-region, 2019-2030

Figure 51: Europe Truck Rental Market Share Analysis, by Country and Sub-region, 2019 and 2030

Figure 52: Europe Truck Rental Market Opportunity (US$ Bn), by Country and Sub-region,  2020-2030

Figure 53: Asia Pacific Truck Rental Market Value, 2019-2030

Figure 54: Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Figure 55: Asia Pacific Truck Rental Market Share Analysis, by Lease Type, 2019 and 2030

Figure 56: Asia Pacific Truck Rental Market Opportunity (US$ Bn), by Lease Type, 2020-2030

Figure 57: Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Figure 58: Asia Pacific Truck Rental Market Share Analysis, by Truck Type, 2019 and 2030

Figure 59: Asia Pacific Truck Rental Market Opportunity (US$ Bn), by Truck Type, 2020-2030

Figure 60: Asia Pacific Truck Rental Market Value by Service Provider, 2019-2030

Figure 61: Asia Pacific Truck Rental Market Share Analysis, by Service Provider, 2019 and 2030

Figure 62: Asia Pacific Truck Rental Market Opportunity (US$ Bn), by Service Provider, 2020-2030

Figure 63: Asia Pacific Truck Rental Market Value (US$ Bn) Forecast, by Country and Sub-region, 2019-2030

Figure 64: Asia Pacific Truck Rental Market Share Analysis, by Country and Sub-region, 2019 and 2030

Figure 65: Asia Pacific Truck Rental Market Opportunity (US$ Bn), by Country and Sub-region, 2020-2030

Figure 66: Middle East & Africa Truck Rental Market Value, 2019-2030

Figure 67: Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Lease Type, 2019-2030

Figure 68: Middle East & Africa Truck Rental Market Share Analysis, by Lease Type, 2019 and 2030

Figure 69: Middle East & Africa Truck Rental Market Opportunity (US$ Bn), by Lease Type, , 2020-2030

Figure 70: Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Truck Type, 2019-2030

Figure 71: Middle East & Africa Truck Rental Market Share Analysis, by Truck Type, 2019 and 2030

Figure 72: Middle East & Africa Truck Rental Market Opportunity (US$ Bn), by Truck Type, , 2020-2030

Figure 73: Middle East & Africa Truck Rental Market Value by Service Provider, 2019-2030

Figure 74: Middle East & Africa Truck Rental Market Share Analysis, by Service Provider, 2019 and 2030

Figure 75: Middle East & Africa Truck Rental Market Opportunity (US$ Bn), by Service Provider, 2020-2030

Figure 76: Middle East & Africa Truck Rental Market Value (US$ Bn) Forecast, by Country and Sub-region, 2019-2030

Figure 77: Middle East & Africa Truck Rental Market Share Analysis, by Country and Sub-region, 2019 and 2030

Figure 78: Middle East & Africa Truck Rental Market Opportunity (US$ Bn), by Country and Sub-region, 2020-2030

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