Commercial Vehicle Rental and Leasing Market - Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Application Type, By Vehicle Type, By Region & Competition. 2021-2031F

Description

The Global Commercial Vehicle Rental and Leasing Market will grow from USD 113.29 Billion in 2025 to USD 172.03 Billion by 2031 at a 7.21% CAGR. Commercial vehicle rental and leasing involve the temporary or long-term provision of transport assets, such as trucks, vans, and trailers, to facilitate business logistics and supply chain operations.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 113.29 Billion
Market Size 2031	USD 172.03 Billion
CAGR 2026-2031	7.21%
Fastest Growing Segment	Enterprise Leasing
Largest Market	North America

Key Market Drivers

The expansion of the global e-commerce sector and last-mile delivery services acts as a primary catalyst for the Global Commercial Vehicle Rental and Leasing Market. As consumer purchasing behavior shifts toward online platforms, logistics providers and retailers require scalable fleet solutions to manage fluctuating freight volumes and meet expedited delivery schedules. This trend compels businesses to favor rental and leasing models over direct asset ownership, allowing them to rapidly adjust fleet size during peak seasons while shifting financial strategies from Capital Expenditure (CAPEX) to Operational Expenditure (OPEX).

Key Market Challenges

The escalating cost of vehicle acquisition, compounded by sustained high interest rates, presents a formidable barrier to the expansion of the Global Commercial Vehicle Rental and Leasing Market. When manufacturers increase asset prices to offset supply chain complexities and regulatory compliance costs, leasing companies are forced to pass these expenses onto clients through higher monthly premiums. This financial strain is significantly exacerbated by elevated borrowing costs, which inflate the total capital required to finance new fleets.

Key Market Trends

The integration of telematics and connected fleet management solutions is transforming the market from simple asset provision to a data-driven service model. Rental providers are increasingly embedding advanced connectivity into their fleets to offer real-time tracking, predictive maintenance, and driver behavior analysis, thereby reducing downtime and operational risks for clients. This shift allows businesses to optimize vehicle utilization and lower total costs without the burden of ownership, making connected rentals highly attractive for efficiency-focused logistics operators.

Key Market Players

Avis Budget Group
PACCAR Inc
Penske Automotive Group, Inc.
Ryder System, Inc
Enterprise Holdings Inc.
Hertz Global Holdings, Inc.
Ayvens S.A.
SIXT SE
Localiza Rent a Car S.A
Unidas Locadora de Veiculos S.A.

Report Scope:

In this report, the Global Commercial Vehicle Rental and Leasing Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Commercial Vehicle Rental and Leasing Market, By Application Type:

Enterprise Leasing and Personal Leasing

Commercial Vehicle Rental and Leasing Market, By Vehicle Type:

Car

Light Truck

Heavy/Medium Trucks

Commercial Vehicle Rental and Leasing Market, By Region:

North America

United States

Canada

Mexico

Europe

France

United Kingdom

Italy

Germany

Spain

Asia Pacific

China

India

Japan

Australia

South Korea

South America

Brazil

Argentina

Colombia

Middle East & Africa

South Africa

Saudi Arabia

UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Commercial Vehicle Rental and Leasing Market.

Available Customizations:

Global Commercial Vehicle Rental and Leasing Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Commercial Vehicle Rental and Leasing Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Application Type (Enterprise Leasing and Personal Leasing)
- 5.2.2. By Vehicle Type (Car, Light Truck, and Heavy/Medium Trucks)
- 5.2.3. By Region
- 5.2.4. By Company (2025)
5.3. Market Map

6. North America Commercial Vehicle Rental and Leasing Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Application Type
- 6.2.2. By Vehicle Type
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Commercial Vehicle Rental and Leasing Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Application Type
    - 6.3.1.2.2. By Vehicle Type
- 6.3.2. Canada Commercial Vehicle Rental and Leasing Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Application Type
    - 6.3.2.2.2. By Vehicle Type
- 6.3.3. Mexico Commercial Vehicle Rental and Leasing Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Application Type
    - 6.3.3.2.2. By Vehicle Type

7. Europe Commercial Vehicle Rental and Leasing Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Application Type
- 7.2.2. By Vehicle Type
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Commercial Vehicle Rental and Leasing Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Application Type
    - 7.3.1.2.2. By Vehicle Type
- 7.3.2. France Commercial Vehicle Rental and Leasing Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Application Type
    - 7.3.2.2.2. By Vehicle Type
- 7.3.3. United Kingdom Commercial Vehicle Rental and Leasing Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Application Type
    - 7.3.3.2.2. By Vehicle Type
- 7.3.4. Italy Commercial Vehicle Rental and Leasing Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Application Type
    - 7.3.4.2.2. By Vehicle Type
- 7.3.5. Spain Commercial Vehicle Rental and Leasing Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Application Type
    - 7.3.5.2.2. By Vehicle Type

8. Asia Pacific Commercial Vehicle Rental and Leasing Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Application Type
- 8.2.2. By Vehicle Type
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Commercial Vehicle Rental and Leasing Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Application Type
    - 8.3.1.2.2. By Vehicle Type
- 8.3.2. India Commercial Vehicle Rental and Leasing Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Application Type
    - 8.3.2.2.2. By Vehicle Type
- 8.3.3. Japan Commercial Vehicle Rental and Leasing Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Application Type
    - 8.3.3.2.2. By Vehicle Type
- 8.3.4. South Korea Commercial Vehicle Rental and Leasing Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Application Type
    - 8.3.4.2.2. By Vehicle Type
- 8.3.5. Australia Commercial Vehicle Rental and Leasing Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Application Type
    - 8.3.5.2.2. By Vehicle Type

9. Middle East & Africa Commercial Vehicle Rental and Leasing Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Application Type
- 9.2.2. By Vehicle Type
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Commercial Vehicle Rental and Leasing Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Application Type
    - 9.3.1.2.2. By Vehicle Type
- 9.3.2. UAE Commercial Vehicle Rental and Leasing Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Application Type
    - 9.3.2.2.2. By Vehicle Type
- 9.3.3. South Africa Commercial Vehicle Rental and Leasing Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Application Type
    - 9.3.3.2.2. By Vehicle Type

10. South America Commercial Vehicle Rental and Leasing Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Application Type
- 10.2.2. By Vehicle Type
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Commercial Vehicle Rental and Leasing Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Application Type
    - 10.3.1.2.2. By Vehicle Type
- 10.3.2. Colombia Commercial Vehicle Rental and Leasing Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Application Type
    - 10.3.2.2.2. By Vehicle Type
- 10.3.3. Argentina Commercial Vehicle Rental and Leasing Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Application Type
    - 10.3.3.2.2. By Vehicle Type

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Commercial Vehicle Rental and Leasing Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Avis Budget Group
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. PACCAR Inc
15.3. Penske Automotive Group, Inc.
15.4. Ryder System, Inc
15.5. Enterprise Holdings Inc.
15.6. Hertz Global Holdings, Inc.
15.7. Ayvens S.A.
15.8. SIXT SE
15.9. Localiza Rent a Car S.A
15.10. Unidas Locadora de Veiculos S.A.