PUBLISHER: TechNavio | PRODUCT CODE: 1270870
PUBLISHER: TechNavio | PRODUCT CODE: 1270870
Technavio has been monitoring the truck rental market and is forecast to grow by USD 28.67 bn during 2022-2027, accelerating at a CAGR of 7% during the forecast period. Our 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, a rise in global industrialization and urbanization, and stringent regulations to control emissions boosting truck rentals.
Technavio's truck rental market is segmented as below:
By Vehicle Type
By Type
By Geographical Landscape
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, the use of advanced analytics for telematics data to increase the reliability of rental trucks and boost e-commerce across developing economies providing a platform for truck rentals will lead to sizable demand in the market.
Technavio's 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.
Exhibits: