PUBLISHER: Market Research Future | PRODUCT CODE: 1370739
PUBLISHER: Market Research Future | PRODUCT CODE: 1370739
UK Truck Rental Market Research Report Forecast to 2030
Major Players
The UK truck rental market is a thriving and active industry essential to supporting several businesses and logistical activities. The rental truck market in the UK provides a wide range of services and solutions to satisfy various transportation demands, emphasizing flexibility, cost-effectiveness, and scalability. Rental trucks are used by businesses in various industries, including manufacturing, retail, logistics, and construction, to meet their short-term or specialized transportation needs.
The market is growing due to the expanding commercial sector and rising personal disposable income. The market for vehicle leasing and rental in the United Kingdom is anticipated to grow due to the quickening pace of digitalization. Additionally, many rental companies compete for consumers' business in the very competitive UK truck rental industry. This industry's intense competition encourages innovation and guarantees businesses can use the newest truck models and technologies. Customer satisfaction is a top priority for rental truck firms, which provide value-added services, including telemetry systems, maintenance assistance, and flexible rental terms. These elements help the UK truck rental sector expand and succeed by giving businesses affordable, effective transportation options to meet their changing needs.
As per MRFR, the UK truck rental market has been growing over the past few years. It is expected to reach USD 6,428.0 million by 2030, at a CAGR of 10.10% during the forecast period, 2023-2030.
Market Segmentation
The UK truck rental market has been segmented based on offering, truck type and end user. By offering segment, rental truck services accounted for the largest market share with a market value of USD 1,846.9 million in 2022, which is projected to grow at a CAGR of 10.90% during the forecast period.
The UK Truck Rental market, in this report, has been segmented based on Truck Type into Rental Truck and Rental Truck Service. Truck rental and truck rental services both are further divided into light duty, medium duty, and heavy duty. The UK Truck Rental market, in this report, has been segmented based on End User into Rental Truck and Rental Truck Service market. The Truck Rental market is further divided into Cold Storage, Manufacturing & Industrial, Construction, and Others. Cold Storage is further divided into the Food Industry and Pharmaceutical. Furthermore, Rental truck service is further divided into Cold Storage, Fleet Operator, and Others.
Major Players
Hexagon Leasing Ltd, Close Brothers Vehicle Hire, Asset Alliance Group, Seven Asset Management, Fraikin Limited, Dawsongroup PLC, Alltruck PLC, Petit Forestier, Enterprise Holdings, Inc, and Salford Van Hire.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 INCREASING DEAMND FROM LOGISTICS SECTOR
- 4.2.2 GROWING DEMAND OF ELETRIC TRUCK
- 4.2.3 RISING EMISSION STANDARDS IN UK
- 4.2.4 DRIVERS IMPACT ANALYSIS
- 4.3 RESTRAINTS
- 4.3.1 THE EMERGENCE OF TRUCK SHARING
- 4.3.2 RESTRAINT IMPACT ANALYSIS
- 4.4 OPPORTUNITY
- 4.4.1 GROWING USE OF AI IN RENTAL TRUCK MARKET
- 4.5 IMPACT ANALYSIS OF COVID-19
- 4.5.1 IMPACT ON OVERALL TRANSPORT
- 4.5.1.1 ECONOMIC IMPACT
- 4.5.2 IMPACT ON UK TRUCK RENTAL MARKET
- 4.5.3 IMPACT ON SUPPLY CHAIN OF UK TRUCK RENTAL
- 4.5.3.1 IMPACT DUE TO RESTRICTIONS/LOCKDOWN
- 4.5.3.2 CONSUMER SENTIMENTS
- 4.5.4 IMPACT ON PRICING OF UK TRUCK RENTAL
- 4.5.1 IMPACT ON OVERALL TRANSPORT
5 MARKET FACTOR ANALYSIS
- 5.1 SUPPLY CHAIN
- 5.1.1 RESEARCH & DEVELOPMENT (R&D):
- 5.1.2 RAW SERVICE PROVIDER SUPPLY:
- 5.1.3 MANUFACTURING & ASSEMBLY:
- 5.1.4 SALES & DISTRIBUTION:
- 5.1.5 TRUCK TYPES:
- 5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF CUSTOMERS
- 5.2.4 THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
- 5.2.5 INTENSITY OF COMPETITIVE RIVALRY
6 UK TRUCK RENTAL MARKET, BY OFFERING
- 6.1 OVERVIEW
- 6.1.1 UK TRUCK RENTAL MARKET, BY OFFERING, 2019-2030 (USD MILLION)
- 6.2 RENTAL TRUCK
- 6.2.1 UK TRUCK RENTAL MARKET, BY OFFERING, BY RENTAL TRUCK, 2019-2030 (USD MILLION)
- 6.2.2 USED TRUCK
- 6.2.3 NEW TRUCK
- 6.3 RENTAL TRUCK SERVICE
- 6.3.1 UK TRUCK RENTAL MARKET, BY OFFERING, BY RENTAL TRUCK SERVICE, 2019-2030 (USD MILLION)
- 6.3.2 LONG TERM LEASING
- 6.3.3 SHORT TERM LEASING
7 UK TRUCK RENTAL MARKET, BY TRUCK TYPE
- 7.1 OVERVIEW
- 7.1.1 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, 2019-2030 (USD MILLION)
- 7.2 RENTAL TRUCK - TRUCK TYPE
- 7.2.1 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, BY RENTAL TRUCK 2019-2030 (USD MILLION)
- 7.2.2 LIGHT DUTY
- 7.2.3 MEDIUM DUTY
- 7.2.4 HEAVY DUTY
- 7.3 RENTAL TRUCK SERVICE - TRUCK TYPE
- 7.3.1 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, BY RENTAL TRUCK SERVICE, 2019-2030 (USD MILLION)
8 UK TRUCK RENTAL MARKET, BY END USER
- 8.1 OVERVIEW
- 8.1.1 UK TRUCK RENTAL MARKET, BY END USER, 2019-2030 (USD MILLION)
- 8.2 RENTAL TRUCK - END USER
- 8.2.1 UK TRUCK RENTAL MARKET, BY END USER, BY RENTAL TRUCK 2019-2030 (USD MILLION)
- 8.2.2 COLD STORAGE
- 8.2.3 UK TRUCK RENTAL MARKET, BY COLD STORAGE, BY END USER RENTAL TRUCK 2019-2030 (USD MILLION)
- 8.2.3.1 FOOD INDUSTRY
- 8.2.3.2 PHARMACEUTICAL
- 8.2.4 MANUFACTURING & INDUSTRIAL
- 8.2.5 CONSTRUCTION
- 8.2.6 OTHERS
- 8.3 RENTAL TRUCK SERVICE - END USER
- 8.3.1 UK TRUCK RENTAL MARKET, BY END USER, BY RENTAL TRUCK SERVICE, 2019-2030 (USD MILLION)
- 8.3.2 COLD STORAGE
- 8.3.3 FLEET OPERATOR
- 8.3.4 OTHERS
9 COMPETITIVE LANDSCAPE
- 9.1 COMPETITIVE BENCHMARKING
- 9.2 VENDOR SHARE ANALYSIS
- 9.3 RECENT DEVELOPMENTS
- 9.3.1 COLLABORATION/ PARTNERSHIP/AGREEMENTS/CONTRACT
- 9.3.2 PRODUCT LAUNCH
10 COMPANY PROFILES
- 10.1 HEXAGON LEASING LTD
- 10.1.1 COMPANY OVERVIEW
- 10.1.2 FINANCIAL OVERVIEW
- 10.1.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.1.4 KEY DEVELOPMENTS
- 10.1.5 SWOT ANALYSIS
- 10.1.6 KEY STRATEGIES
- 10.2 CLOSE BROTHERS VEHICLE HIRE (CLOSE BROTHERS GROUP PLC)
- 10.2.1 COMPANY OVERVIEW
- 10.2.2 FINANCIAL OVERVIEW
- 10.2.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.2.4 KEY DEVELOPMENTS
- 10.2.5 SWOT ANALYSIS
- 10.2.6 KEY STRATEGIES
- 10.3 ASSET ALLIANCE GROUP
- 10.3.1 COMPANY OVERVIEW
- 10.3.2 FINANCIAL OVERVIEW
- 10.3.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.3.4 KEY DEVELOPMENTS
- 10.3.5 SWOT ANALYSIS
- 10.3.6 KEY STRATEGIES
- 10.4 SEVEN ASSET MANAGEMENT
- 10.4.1 COMPANY OVERVIEW
- 10.4.2 FINANCIAL OVERVIEW
- 10.4.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.4.4 KEY DEVELOPMENTS
- 10.4.5 SWOT ANALYSIS
- 10.4.6 KEY STRATEGIES
- 10.5 FRAIKIN LIMITED (FRAIKIN GROUP)
- 10.5.1 COMPANY OVERVIEW
- 10.5.2 FINANCIAL OVERVIEW
- 10.5.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.5.4 KEY DEVELOPMENTS
- 10.5.5 SWOT ANALYSIS
- 10.5.6 KEY STRATEGIES
- 10.6 DAWSONGROUP PLC
- 10.6.1 COMPANY OVERVIEW
- 10.6.2 FINANCIAL OVERVIEW
- 10.6.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.6.4 KEY DEVELOPMENTS
- 10.6.5 SWOT ANALYSIS
- 10.6.6 KEY STRATEGIES
- 10.7 ALLTRUCK PLC
- 10.7.1 COMPANY OVERVIEW
- 10.7.2 FINANCIAL OVERVIEW
- 10.7.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.7.4 KEY DEVELOPMENTS
- 10.7.5 SWOT ANALYSIS
- 10.7.6 KEY STRATEGIES
- 10.8 PETIT FORESTIER
- 10.8.1 COMPANY OVERVIEW
- 10.8.2 FINANCIAL OVERVIEW
- 10.8.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.8.4 KEY DEVELOPMENTS
- 10.8.5 SWOT ANALYSIS
- 10.8.6 KEY STRATEGIES
- 10.9 ENTERPRISE HOLDINGS, INC.
- 10.9.1 COMPANY OVERVIEW
- 10.9.2 FINANCIAL OVERVIEW
- 10.9.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.9.4 KEY DEVELOPMENTS
- 10.9.5 SWOT ANALYSIS
- 10.9.6 KEY STRATEGIES
- 10.10 SALFORD VAN HIRE
- 10.10.1 COMPANY OVERVIEW
- 10.10.2 FINANCIAL OVERVIEW
- 10.10.3 PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 10.10.4 KEY DEVELOPMENTS
- 10.10.5 SWOT ANALYSIS
- 10.10.6 KEY STRATEGIES
- 10.11 UK TRUCK RENTAL MARKET PRICING TREND
- 10.11.1 UK TRUCK RENTAL MARKET PRICING TREND
LIST OF TABLES
- TABLE 1 UK TRUCK RENTAL MARKET, BY OFFERING, 2019-2030 (USD MILLION) 35
- TABLE 2 UK TRUCK RENTAL MARKET, BY OFFERING, BY RENTAL TRUCK, 2019-2030 (USD MILLION) 35
- TABLE 3 UK TRUCK RENTAL MARKET, BY OFFERING, BY RENTAL TRUCK SERVICE, 2019-2030 (USD MILLION) 37
- TABLE 4 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, 2019-2030 (USD MILLION) 40
- TABLE 5 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, BY RENTAL TRUCK 2019-2030 (USD MILLION) 40
- TABLE 6 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, BY RENTAL TRUCK SERVICE, 2019-2030 (USD MILLION) 42
- TABLE 7 UK TRUCK RENTAL MARKET, BY END USER, 2019-2030 (USD MILLION) 44
- TABLE 8 UK TRUCK RENTAL MARKET, BY END USER, BY RENTAL TRUCK 2019-2030 (USD MILLION) 44
- TABLE 9 UK TRUCK RENTAL MARKET, BY COLD STORAGE, BY END USER RENTAL TRUCK 2019-2030 (USD MILLION) 45
- TABLE 10 UK TRUCK RENTAL MARKET, BY END USER, BY RENTAL TRUCK SERVICE, 2019-2030 (USD MILLION) 48
- TABLE 11 COLLABORATION/ PARTNERSHIP/AGREEMENTS/CONTRACTS 51
- TABLE 12 PRODUCT LAUNCH/PRODUCT EXPANSION/SITE EXPANSION 54
- TABLE 13 HEXAGON LEASING LTD: PRODUCTS/SERVICES OFFERED 58
- TABLE 14 HEXAGON LEASING LTD: KEY DEVELOPMENTS 59
- TABLE 15 CLOSE BROTHERS VEHICLE HIRE: PRODUCTS OFFERED 62
- TABLE 16 CLOSE BROTHERS VEHICLE HIRE: KEY DEVELOPMENTS 63
- TABLE 17 ASSET ALLIANCE GROUP: PRODUCTS/SERVICES OFFERED 64
- TABLE 18 ASSET ALLIANCE GROUP: KEY DEVELOPMENTS 65
- TABLE 19 SEVEN ASSET MANAGEMENT: PRODUCTS/SERVICES OFFERED 67
- TABLE 20 SEVEN ASSET MANAGEMENT: KEY DEVELOPMENTS 68
- TABLE 21 FRAIKIN LIMITED: PRODUCTS/SERVICES OFFERED 70
- TABLE 22 FRAIKIN LIMITED: KEY DEVELOPMENTS 71
- TABLE 23 DAWSONGROUP PLC: PRODUCTS/SERVICES OFFERED 74
- TABLE 24 DAWSONGROUP PLC: KEY DEVELOPMENTS 75
- TABLE 25 ALLTRUCK PLC: PRODUCTS/SERVICES OFFERED 79
- TABLE 26 ALLTRUCK PLC: KEY DEVELOPMENTS 79
- TABLE 27 PETIT FORESTIER: PRODUCTS/SERVICES OFFERED 82
- TABLE 28 PETIT FORESTIER: KEY DEVELOPMENTS 82
- TABLE 29 ENTERPRISE HOLDINGS, INC: PRODUCTS/SERVICES OFFERED 84
- TABLE 30 ENTERPRISE HOLDINGS, INC: KEY DEVELOPMENTS 85
- TABLE 31 SALFORD VAN HIRE: PRODUCTS/SERVICES OFFERED 88
- TABLE 32 SALFORD VAN HIRE: KEY DEVELOPMENTS 89
- TABLE 33 UK TRUCK RENTAL MARKET PRICING TREND (IN USD) 91
LIST OF FIGURES
- FIGURE 1 MARKET SYNOPSIS 12
- FIGURE 2 UK TRUCK RENTAL MARKET: MARKET STRUCTURE 14
- FIGURE 3 BOTTOM-UP AND TOP-DOWN APPROACHES 19
- FIGURE 4 MARKET DYNAMIC ANALYSIS OF THE UK TRUCK RENTAL MARKET 21
- FIGURE 5 DRIVER IMPACT ANALYSIS 24
- FIGURE 6 RESTRAINT IMPACT ANALYSIS 25
- FIGURE 7 UK TRUCK RENTAL MARKET: VALUE CHAIN 30
- FIGURE 8 PORTER'S FIVE FORCES ANALYSIS OF THE TRUCK RENTAL MARKET 32
- FIGURE 9 UK TRUCK RENTAL MARKET, BY OFFERING, 2022 (% SHARE) 34
- FIGURE 10 UK TRUCK RENTAL MARKET, BY OFFERING, 2022 VS 2030 (USD MILLION) 34
- FIGURE 11 UK TRUCK RENTAL MARKET, BY OFFERING, BY RENTAL TRUCK, 2022 VS 2030 (USD MILLION) 35
- FIGURE 12 UK TRUCK RENTAL MARKET, BY OFFERING, BY RENTAL TRUCK SERVICE, 2022 VS 2030 (USD MILLION) 37
- FIGURE 13 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, 2022 (% SHARE) 39
- FIGURE 14 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, 2022 VS 2030 (USD MILLION) 39
- FIGURE 15 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, BY RENTAL TRUCK 2022 VS 2030 (USD MILLION) 40
- FIGURE 16 UK TRUCK RENTAL MARKET, BY TRUCK TYPE, BY RENTAL TRUCK SERVICE, 2022 VS 2030 (USD MILLION) 41
- FIGURE 17 UK TRUCK RENTAL MARKET, BY END USER, 2022 (% SHARE) 43
- FIGURE 18 UK TRUCK RENTAL MARKET, BY END USER, 2022 VS 2030 (USD MILLION) 43
- FIGURE 19 UK TRUCK RENTAL MARKET, BY END USER, BY RENTAL TRUCK 2022 VS 2030 (USD MILLION) 44
- FIGURE 20 UK TRUCK RENTAL MARKET, BY END USER, BY RENTAL TRUCK SERVICE, 2022 VS 2030 (USD MILLION) 47
- FIGURE 22 VENDOR SHARE ANALYSIS, 2022 (%) 51
- FIGURE 23 HEXAGON LEASING LTD: FINANCIAL OVERVIEW SNAPSHOT 57
- FIGURE 24 HEXAGON LEASING LTD: SWOT ANALYSIS 59
- FIGURE 25 CLOSE BROTHERS VEHICLE HIRE: FINANCIAL OVERVIEW SNAPSHOT 61
- FIGURE 26 CLOSE BROTHERS VEHICLE HIRE: SWOT ANALYSIS 63
- FIGURE 27 ASSET ALLIANCE GROUP: SWOT ANALYSIS 66
- FIGURE 28 SEVEN ASSET MANAGEMENT: SWOT ANALYSIS 68
- FIGURE 29 FRAIKIN LIMITED: FINANCIAL OVERVIEW SNAPSHOT 70
- FIGURE 30 FRAIKIN LIMITED: SWOT ANALYSIS 72
- FIGURE 31 DAWSONGROUP PLC: FINANCIAL OVERVIEW SNAPSHOT 74
- FIGURE 32 DAWSONGROUP PLC: SWOT ANALYSIS 76
- FIGURE 33 ALLTRUCK PLC: FINANCIAL OVERVIEW SNAPSHOT 78
- FIGURE 34 ALLTRUCK PLC: SWOT ANALYSIS 80
- FIGURE 35 PETIT FORESTIER: FINANCIAL OVERVIEW SNAPSHOT 81
- FIGURE 36 PETIT FORESTIER: SWOT ANALYSIS 83
- FIGURE 37 ENTERPRISE HOLDINGS, INC: SWOT ANALYSIS 85
- FIGURE 38 SALFORD VAN HIRE: FINANCIAL OVERVIEW SNAPSHOT 88
- FIGURE 39 SALFORD VAN HIRE: SWOT ANALYSIS 89
