Australia and New Zealand Truck Rental Market Research Report Forecast to 2032

List of Tables

Market Overview

The combined market for truck rental in Australia and New Zealand is expected to grow USD 3,199.61 million by 2032 growing at a CAGR of 6.25% over the forecast duration 2023-2032.

The truck rental market in Australia and New Zealand is experiencing significant growth and transformation, driven by various economic factors and industry trends. Both countries exhibit robust demand for truck rentals, stemming from diverse sectors such as logistics, construction, and transportation. The market landscape is characterized by intense competition among major players and an increasing emphasis on technological innovation and sustainability initiatives.

In recent years, the truck rental market in Australia and New Zealand has witnessed steady expansion, buoyed by the growing need for flexible transportation solutions among businesses of all sizes. The rise of e-commerce and the consequent surge in last-mile delivery services have particularly fueled demand for rental trucks, as companies seek agile and cost-effective options to meet evolving consumer expectations. Additionally, the construction industry's ongoing infrastructure projects and the mining sector's logistical requirements contribute significantly to the rental market's momentum.

Sustainability and environmental consciousness are emerging as pivotal themes shaping the truck rental landscape in both Australia and New Zealand. With an increasing focus on reducing carbon emissions and mitigating environmental impact, rental companies are investing in eco-friendly fleet options, including electric and hybrid trucks. Government regulations and incentives further incentivize the adoption of cleaner technologies, fostering a gradual transition towards greener transportation solutions across the industry.

Market Segmentation

Based on type, the Australia and New Zealand Truck Rental market has been segmented into Short-term Rentals (Up to 45 Days), Medium-Term Rental (2 to 12 Months) and Long-Term Rental (Over 12 Months).

On the basis of Truck Size, the Australia and New Zealand Truck Rental market has been segmented into Light-Duty Truck, Medium-Duty Truck and Heavy-Duty Truck.

Based on Truck Category, the Australia and New Zealand Truck Rental market has been segmented into Refrigerated and Non-Refrigerated.

Based on Propulsion, the Australia and New Zealand Truck Rental market has been segmented into ICE and Electric Vehicle (EV). Based on Model, the Australia and New Zealand Truck Rental market has been segmented into B2B and B2C.

Based on Vertical, the Australia and New Zealand Truck Rental market has been segmented into Construction, Courier and Delivery, Food Business, Pharmaceutical Business, Retail, Utilities and Others.

Based on Booking channel, the Australia and New Zealand Truck Rental market has been segmented into Online and Offline.

Major Players

The key market players are Enterprise Holdings, Inc., Penske Corporation, Inc., Thrifty Car & Truck Rental Australia, Discount Car & Truck Rentals, Europcar Mobility Group, Avis Budget Group, Inc., and TR Group.

1EXECUTIVE SUMMARY

2MARKET INTRODUCTION

2.1DEFINITION
2.2SCOPE OF THE STUDY
2.3RESEARCH OBJECTIVE
2.4MARKET STRUCTURE

3RESEARCH METHODOLOGY

3.1OVERVIEW
3.2DATA FLOW
- 3.2.1DATA MINING PROCESS
3.3PURCHASED DATABASE:
3.4SECONDARY SOURCES:
- 3.4.1SECONDARY RESEARCH DATA FLOW:
3.5PRIMARY RESEARCH:
- 3.5.1PRIMARY RESEARCH DATA FLOW:
- 3.5.2PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1REVENUE ANALYSIS APPROACH
3.7DATA FORECASTING
- 3.7.1DATA FORECASTING TYPE
3.8DATA MODELING
- 3.8.1MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2DATA MODELING:

4MARKET DYNAMICS

4.1INTRODUCTION
4.2DRIVERS
- 4.2.1GROWING DEMAND FOR LOGISTICS AND FREIGHT SERVICES
- 4.2.2EXPANSION OF E-COMMERCE AND LAST-MILE DELIVERY
4.3RESTRAINTS
- 4.3.1STRINGENT REGULATIONS ON VEHICLE EMISSIONS AND SAFETY STANDARDS
- 4.3.2HIGH INSURANCE COSTS FOR COMMERCIAL VEHICLE RENTALS
4.4CHALLENGES
- 4.4.1HIGH FUEL COSTS IMPACTING OPERATIONAL EXPENSES
- 4.4.2SHORTAGE OF SKILLED TRUCK DRIVERS AFFECTING SERVICES
4.5OPPORTUNITY
- 4.5.1ADOPTION OF ADVANCED TECHNOLOGY IN FLEET MANAGEMENT
- 4.5.2OPPORTUNITIES FOR ECO-FRIENDLY TRUCK RENTAL SOLUTIONS
4.6TRENDS
- 4.6.1GROWTH IN DEMAND FOR SHORT-TERM TRUCK RENTALS
- 4.6.2SHIFT TOWARDS ONLINE BOOKING PLATFORMS AND DIGITAL TRANSACTIONS
4.7REGULATORY UPDATE
4.8IMPACT ANALYSIS OF COVID-19
- 4.8.1IMPACT ON TRUCK RENTAL BUSINESS
- 4.8.2IMPACT ON END-USER INDUSTRIES
- 4.8.3IMPACT ON SUPPLY CHAIN DELAYS
- 4.8.4IMPACT ON GLOBAL ECONOMY

5MARKET FACTOR ANALYSIS

5.1SUPPLY CHAIN/VALUE CHAIN ANALYSIS
- 5.1.1VEHICLE ACQUISITION AND MANAGEMENT
- 5.1.2RENTAL AND LEASING SERVICES
- 5.1.3LOGISTICS AND OPERATIONS
- 5.1.4END-USER
5.2PORTER'S FIVE FORCES MODEL
- 5.2.1THREAT OF NEW ENTRANTS
- 5.2.2BARGAINING POWER OF SUPPLIERS
- 5.2.3THREAT OF SUBSTITUTES
- 5.2.4BARGAINING POWER OF BUYERS
- 5.2.5INTENSITY OF RIVALRY
5.3SWOT ANALYSIS

6AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY TYPE

6.1OVERVIEW

7AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY TRUCK SIZE

7.1OVERVIEW

8AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY TRUCK CATEGORY

8.1OVERVIEW

9AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY PROPULSION

9.1OVERVIEW

10AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY MODEL

10.1OVERVIEW

11AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY VERTICAL

11.1OVERVIEW

12AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY BOOKING CHANNEL

12.1OVERVIEW

13AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY COUNTRY

13.1AUSTRALIA AND NEW ZEALAND
13.2AUSTRALIA
13.3NEW ZEALAND

14COMPETITIVE LANDSCAPE

14.1COMPETITIVE OVERVIEW
14.2COMPETITIVE BENCHMARKING
14.3MAJOR PLAYERS IN THE AUSTRALIA & NEW ZEALAND TRUCK RENTAL MARKET

15COMPANY PROFILES

15.1AVIS BUDGET GROUP, INC.
- 15.1.1COMPANY OVERVIEW
- 15.1.2FINANCIAL OVERVIEW
- 15.1.3PRODUCTS OFFERED
- 15.1.4KEY DEVELOPMENTS
- 15.1.5SWOT ANALYSIS
- 15.1.6KEY STRATEGIES
15.2THRIFTY CAR & TRUCK RENTAL AUSTRALIA
- 15.2.1COMPANY OVERVIEW
- 15.2.2FINANCIAL OVERVIEW
- 15.2.3PRODUCTS OFFERED
- 15.2.4KEY DEVELOPMENTS
- 15.2.5SWOT ANALYSIS
- 15.2.6KEY STRATEGIES
15.3EUROPCAR MOBILITY GROUP
- 15.3.1COMPANY OVERVIEW
- 15.3.2FINANCIAL OVERVIEW
- 15.3.3PRODUCTS OFFERED
- 15.3.4KEY DEVELOPMENTS
- 15.3.5SWOT ANALYSIS
- 15.3.6KEY STRATEGIES
15.4PENSKE CORPORATION, INC.
- 15.4.1COMPANY OVERVIEW
- 15.4.2FINANCIAL OVERVIEW
- 15.4.3PRODUCTS/SERVICES OFFERED
- 15.4.4KEY DEVELOPMENTS
- 15.4.5SWOT ANALYSIS
- 15.4.6KEY STRATEGIES
15.5DISCOUNT CAR & TRUCK RENTALS
- 15.5.1COMPANY OVERVIEW
- 15.5.2FINANCIAL OVERVIEW
- 15.5.3PRODUCTS/SERVICES OFFERED
- 15.5.4KEY DEVELOPMENTS
- 15.5.5SWOT ANALYSIS
- 15.5.6KEY STRATEGIES
15.6UBIQUIP LIMITED
- 15.6.1COMPANY OVERVIEW
- 15.6.2FINANCIAL OVERVIEW
- 15.6.3PRODUCTS/SERVICES OFFERED
- 15.6.4KEY DEVELOPMENTS
- 15.6.5SWOT ANALYSIS
- 15.6.6KEY STRATEGIES
15.7HIREACE
- 15.7.1COMPANY OVERVIEW
- 15.7.2FINANCIAL OVERVIEW
- 15.7.3PRODUCTS/SERVICES OFFERED
- 15.7.4KEY DEVELOPMENTS
- 15.7.5SWOT ANALYSIS
- 15.7.6KEY STRATEGIES
15.8TR GROUP
- 15.8.1COMPANY OVERVIEW
- 15.8.2FINANCIAL OVERVIEW
- 15.8.3PRODUCTS/SERVICES OFFERED
- 15.8.4KEY DEVELOPMENTS
- 15.8.5SWOT ANALYSIS
- 15.8.6KEY STRATEGIES
15.9ORANA CAR & TRUCK RENTAL
- 15.9.1COMPANY OVERVIEW
- 15.9.2FINANCIAL OVERVIEW
- 15.9.3PRODUCTS OFFERED
- 15.9.4KEY DEVELOPMENTS
- 15.9.5SWOT ANALYSIS
- 15.9.6KEY STRATEGIES
15.10ENTERPRISE HOLDINGS, INC.
- 15.10.1COMPANY OVERVIEW
- 15.10.2FINANCIAL OVERVIEW
- 15.10.3PRODUCTS OFFERED
- 15.10.4KEY DEVELOPMENTS
- 15.10.5SWOT ANALYSIS
- 15.10.6KEY STRATEGIES

LIST OF TABLES

TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 32
TABLE 2 AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY TYPE, 2019-2032 (USD MILLION) 59
TABLE 3 AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY TRUCK SIZE, 2019-2032 (USD MILLION) 61
TABLE 4 AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY TRUCK CATEGORY, 2019-2032 (USD MILLION) 63
TABLE 5 AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY PROPULSION, 2019-2032 (USD MILLION) 66
TABLE 6 AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY MODEL, 2019-2032 (USD MILLION) 68
TABLE 7 AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY VERTICAL, 2019-2032 (USD MILLION) 70
TABLE 8 AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY BOOKING CHANNEL, 2019-2032 (USD MILLION) 73
TABLE 9 AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY COUNTRY, 2019-2032 (USD MILLION) 75
TABLE 10 AUSTRALIA TRUCK RENTAL MARKET, BY TYPE, 2019-2032 (USD MILLION) 76
TABLE 11 AUSTRALIA TRUCK RENTAL MARKET, BY TRUCK SIZE, 2019-2032 (USD MILLION) 76
TABLE 12 AUSTRALIA TRUCK RENTAL MARKET, BY TRUCK CATEGORY, 2019-2032 (USD MILLION) 76
TABLE 13 AUSTRALIA TRUCK RENTAL MARKET, BY PROPULSION, 2019-2032 (USD MILLION) 77
TABLE 14 AUSTRALIA TRUCK RENTAL MARKET, BY MODEL, 2019-2032 (USD MILLION) 77
TABLE 15 AUSTRALIA TRUCK RENTAL MARKET, BY VERTICAL, 2019-2032 (USD MILLION) 77
TABLE 16 AUSTRALIA TRUCK RENTAL MARKET, BY BOOKING CHANNEL, 2019-2032 (USD MILLION) 78
TABLE 17 NEW ZEALAND TRUCK RENTAL MARKET, BY TYPE, 2019-2032 (USD MILLION) 79
TABLE 18 NEW ZEALAND TRUCK RENTAL MARKET, BY TRUCK SIZE, 2019-2032 (USD MILLION) 79
TABLE 19 NEW ZEALAND TRUCK RENTAL MARKET, BY TRUCK CATEGORY, 2019-2032 (USD MILLION) 79
TABLE 20 NEW ZEALAND TRUCK RENTAL MARKET, BY PROPULSION, 2019-2032 (USD MILLION) 80
TABLE 21 NEW ZEALAND TRUCK RENTAL MARKET, BY MODEL, 2019-2032 (USD MILLION) 80
TABLE 22 NEW ZEALAND TRUCK RENTAL MARKET, BY VERTICAL, 2019-2032 (USD MILLION) 80
TABLE 23 NEW ZEALAND TRUCK RENTAL MARKET, BY BOOKING CHANNEL, 2019-2032 (USD MILLION) 81
TABLE 24 MAJOR PLAYERS IN THE AUSTRALIA & NEW ZEALAND TRUCK RENTAL MARKET 83
TABLE 25 AVIS BUDGET GROUP, INC.: PRODUCTS OFFERED 86
TABLE 26 THRIFTY CAR & TRUCK RENTAL AUSTRALIA: PRODUCTS OFFERED 88
TABLE 27 EUROPCAR MOBILITY GROUP: PRODUCTS OFFERED 90
TABLE 28 EUROPCAR MOBILITY GROUP: KEY DEVELOPMENTS 91
TABLE 29 PENSKE CORPORATION, INC.: PRODUCTS/SERVICES OFFERED 92
TABLE 30 DISCOUNT CAR & TRUCK RENTALS: PRODUCTS/SERVICES OFFERED 94
TABLE 31 UBIQUIP LIMITED: PRODUCTS/SERVICES OFFERED 96
TABLE 32 HIREACE: PRODUCTS OFFERED 98
TABLE 33 TR GROUP: PRODUCTS/SERVICES OFFERED 100
TABLE 34 TR GROUP: KEY DEVELOPMENTS 101
TABLE 35 ORANA CAR & TRUCK RENTAL: PRODUCTS OFFERED 103
TABLE 36 ENTERPRISE HOLDINGS, INC.: PRODUCTS OFFERED 105

LIST OF FIGURES

FIGURE 1AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET: EXECUTIVE SUMMARY16
FIGURE 2AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET: STRUCTURE19
FIGURE 3AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET: MARKET GROWTH FACTOR ANALYSIS (2022-2032)36
FIGURE 4DRIVER IMPACT ANALYSIS (2023-2032)38
FIGURE 5RESTRAINT IMPACT ANALYSIS (2022-2032)40
FIGURE 6VALUE CHAIN ANALYSIS OF THE AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET47
FIGURE 7PORTER'S FIVE FORCES ANALYSIS: AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET51
FIGURE 8AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY TYPE, 2022 & 2032 (USD MILLION)59
FIGURE 9AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET SHARE (%), BY TYPE, 202259
FIGURE 10AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY TRUCK SIZE, 2022 & 2032 (USD MILLION)61
FIGURE 11AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET SHARE (%), BY TRUCK SIZE, 202261
FIGURE 12AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY TRUCK CATEGORY, 2022 & 2032 (USD MILLION)63
FIGURE 13AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET SHARE (%), BY TRUCK CATEGORY, 202264
FIGURE 14AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY PROPULSION, 2022 & 2032 (USD MILLION)66
FIGURE 15AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET SHARE (%), BY PROPULSION, 202266
FIGURE 16AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY MODEL, 2022 & 2032 (USD MILLION)68
FIGURE 17AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET SHARE (%), BY MODEL, 202268
FIGURE 18AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY VERTICAL, 2022 & 2032 (USD MILLION)70
FIGURE 19AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET SHARE (%), BY VERTICAL, 202271
FIGURE 20AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY BOOKING CHANNEL, 2022 & 2032 (USD MILLION)73
FIGURE 21AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET SHARE (%), BY BOOKING CHANNEL, 202273
FIGURE 22AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET SHARE, BY COUNTRY, 2022 (% SHARE)74
FIGURE 23AUSTRALIA AND NEW ZEALAND TRUCK RENTAL MARKET, BY COUNTRY, 2022 & 2032 (USD MILLION)74
FIGURE 24BENCHMARKING OF MAJOR COMPETITORS82
FIGURE 25AVIS BUDGET GROUP, INC.: FINANCIAL OVERVIEW SNAPSHOT85
FIGURE 26AVIS BUDGET GROUP, INC.: SWOT ANALYSIS87
FIGURE 27THRIFTY CAR & TRUCK RENTAL AUSTRALIA: SWOT ANALYSIS89
FIGURE 28EUROPCAR MOBILITY GROUP: SWOT ANALYSIS91
FIGURE 29PENSKE CORPORATION, INC.: SWOT ANALYSIS93
FIGURE 30DISCOUNT CAR & TRUCK RENTALS: SWOT ANALYSIS95
FIGURE 31UBIQUIP LIMITED: SWOT ANALYSIS97
FIGURE 32HIREACE: SWOT ANALYSIS99
FIGURE 33TR GROUP: SWOT ANALYSIS101
FIGURE 34ORANA CAR & TRUCK RENTAL: SWOT ANALYSIS104
FIGURE 35ENTERPRISE HOLDINGS, INC.: SWOT ANALYSIS106