Global and United States Truck Rental Market

Global and United States Truck Rental Market Report & Forecast 2023-2029

Global and United States Truck Rental Market

Global and United States Truck Rental Market Report & Forecast 2023-2029

Exclusive deal : 20% Instant discount on Direct purchases! Don't wait—claim your discount today!

The research time span covered by the report is from 2018 to 2029; it provides an overview of the Global Truck Rental Market and also provides a deeper in-depth segmentation of the market by regions, product type and downstream industries.

The global Truck Rental market size in 2022 is XX million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 7.00% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:

The main players in the Truck Rental market include Advantage Car and Truck Rentals Ltd., Avis Budget Group Inc., Element Fleet Management Corp., Enterprise Holdings Inc., and Europcar Group UK Ltd.. The share of the top 3 players in the Truck Rental market is XX%.

REGION SHARE:

The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for 39.00%, Europe accounted for XX% of Truck Rental market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:

The report segments the market by Type and Application. Light commercial vehicle accounted for XX% of Truck Rental market in 2022. Heavy commercial vehicle share of XX%.

Commercial use accounted for XX% of the Truck Rental market in 2022. Personal use accounts for XX%.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Key Factors Considered:

COVID-19

The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War

The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.

Challenges & Opportunities

Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Consumer needs and trends have always been important drivers of the consumer goods industry. Today's consumers pay more attention to product quality, health, environmental protection and other aspects. For example, plant-based products, gluten-free foods, organic cosmetics, etc. are receiving more and more attention. In addition, with the popularization of 5G technology, products such as smart home and smart wearables will also have broader market prospects.

Some notable trends:

E-commerce Expansion: The growth of online shopping continues to reshape the consumer goods industry. More consumers are embracing the convenience and accessibility of e-commerce platforms, leading to a surge in online sales. Companies are investing heavily in their online presence, optimizing websites for mobile devices, and enhancing the overall customer experience through personalized recommendations and fast delivery options.

Direct-to-Consumer (D2C) Brands: D2C brands have gained significant traction in recent years. These companies bypass traditional retail channels and sell directly to consumers through their websites or specialized online platforms. D2C brands often focus on niche markets, offering unique and innovative products, and leveraging social media marketing to build strong customer relationships.

Rise of Subscription Services: Subscription-based models are on the rise, particularly in industries like beauty, fashion, and food. These services provide consumers with a regular supply of products delivered to their doorstep, offering convenience and the element of surprise. Companies are leveraging subscriptions to build customer loyalty, gather data, and create recurring revenue streams.


On The Basis of Regions, The Report Has Segmented the Market into The Following Key Regions:

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Asia Pacific

China

Japan

South Korea

India

Southeast Asia

Australia

Latin America

Brazil

Argentina

Mexico

MEA

Saudi Arabia

UAE

Turkey


Key Players Driving the Market:

Advantage Car and Truck Rentals Ltd.

Avis Budget Group Inc.

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


By Product Type, the market is primarily segmented into:

Light commercial vehicle

Heavy commercial vehicle


By Applications, the market is segmented into:

Commercial use

Personal use

Table of Content

1 Study Coverage

1.1 Truck Rental Product Introduction

1.2 Global Truck Rental Outlook 2018 VS 2023 VS 2029

1.3 United States Truck Rental Outlook 2018 VS 2023 VS 2029

1.4 Truck Rental Market Size, United States VS Global, 2018-2029

1.4.1 The Market Share of United States Truck Rental in Global, 2018-2029

1.4.2 The Growth Rate of Truck Rental Market Size, United States VS Global, 2018 VS 2023 VS 2029

1.5 Truck Rental Market Dynamics

1.5.1 Truck Rental Market Trends

1.5.2 Truck Rental Market Drivers

1.5.3 Truck Rental Market Challenges

1.5.4 Truck Rental Market Restraints

1.6 Study Objectives

1.7 Years Considered

1.8 Coronavirus Disease (COVID-19) Impact on Global

2 Global Truck Rental Competitor Landscape by Company

2.1 Global Truck Rental Market Size by Company

2.1.1 Top Global Truck Rental Player Ranked by Revenue (2023)

2.1.2 Global Truck Rental Revenue by Player (2018-2023)

2.2 Global Truck Rental Concentration Ratio (CR)

2.2.1 Truck Rental Market Concentration Ratio (CR) (2018-2023)

2.2.2 Global Top 3 and Top 6 Largest Players of Truck Rental in 2023

2.3 Global Truck Rental Business Distribution, Business Type

2.3.1 Global Truck Rental Players, Headquarters and Distribution

2.3.2 Players Truck Rental Business Type

2.3.3 Date of International Players Enter into Truck Rental Market

2.4 Players Mergers & Acquisitions, Expansion Plans

2.5 United States Truck Rental Market Size by Company

2.5.1 Top United States Truck Rental Player s Ranked by Revenue (2023)

2.5.2 United States Truck Rental Revenue by Player (2018-2023)

3 Truck Rental Market Segment by Type

3.1 Truck Rental Market Segment by Type

3.2 Global Truck Rental Market Size by Type

3.3 United States Truck Rental Market Size by Type

4 Truck Rental by Market Segment Application

4.1 Truck Rental Market Segment by Application

4.2 Global Truck Rental Market Size by Application

4.3 United States Truck Rental Market Size by Application

5 Global Truck Rental Market Size by Region

5.1 Global Truck Rental Market Size by Region: 2018 VS 2023 VS 2029

5.2 Global Truck Rental Market Size in Value by Region (2018-2029)

5.2.1 Global Truck Rental Revenue by Region: 2018-2023

5.2.2 Global Truck Rental Revenue by Region: 2023-2029

6 Segment in Regional Level & Country Level

6.1 North America

6.1.1 North America Truck Rental Market Size YoY Growth 2018-2029

6.1.2 North America Truck Rental Market Facts & Figures by Country (2018-2029)

6.1.3 U.S.

6.1.4 Canada

6.2 Asia Pacific

6.2.1 Asia Pacific Truck Rental Market Size YoY Growth 2018-2029

6.2.2 Asia Pacific Truck Rental Market Facts & Figures by Country (2018-2029)

6.2.3 China

6.2.4 Japan

6.2.5 South Korea

6.2.6 India

6.2.7 Australia

6.2.8 Southeast Asia

6.3 Europe

6.3.1 Europe Truck Rental Market Size YoY Growth 2018-2029

6.3.2 Europe Truck Rental Market Facts & Figures by Country (2018-2029)

6.3.3 Germany

6.3.4 France

6.3.5 UK

6.3.6 Italy

6.3.7 Russia

6.4 Latin America

6.4.1 Latin America Truck Rental Market Size YoY Growth 2018-2029

6.4.2 Latin America Truck Rental Market Facts & Figures by Country (2018-2029)

6.4.3 Mexico

6.4.4 Brazil

6.4.5 Argentina

6.5 Middle East and Africa

6.5.1 Middle East and Africa Truck Rental Market Size YoY Growth 2018-2029

6.5.2 Middle East and Africa Truck Rental Market Facts & Figures by Country (2018-2029)

6.5.3 Turkey

6.5.4 Saudi Arabia

6.5.5 UAE

7 Company Profiles

7.1 Advantage Car and Truck Rentals Ltd.

7.1.1 Company Details

7.1.2 Description and Business Overview

7.1.3 Truck Rental Introduction

7.1.4 Advantage Car and Truck Rentals Ltd. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.1.5 Advantage Car and Truck Rentals Ltd. Recent Development

7.2 Avis Budget Group Inc.

7.2.1 Company Details

7.2.2 Description and Business Overview

7.2.3 Truck Rental Introduction

7.2.4 Avis Budget Group Inc. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.2.5 Avis Budget Group Inc. Recent Development

7.3 Element Fleet Management Corp.

7.3.1 Company Details

7.3.2 Description and Business Overview

7.3.3 Truck Rental Introduction

7.3.4 Element Fleet Management Corp. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.3.5 Element Fleet Management Corp. Recent Development

7.4 Enterprise Holdings Inc.

7.4.1 Company Details

7.4.2 Description and Business Overview

7.4.3 Truck Rental Introduction

7.4.4 Enterprise Holdings Inc. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.4.5 Enterprise Holdings Inc. Recent Development

7.5 Europcar Group UK Ltd.

7.5.1 Company Details

7.5.2 Description and Business Overview

7.5.3 Truck Rental Introduction

7.5.4 Europcar Group UK Ltd. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.5.5 Europcar Group UK Ltd. Recent Development

7.6 GoTranspose Inc.

7.6.1 Company Details

7.6.2 Description and Business Overview

7.6.3 Truck Rental Introduction

7.6.4 GoTranspose Inc. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.6.5 GoTranspose Inc. Recent Development

7.7 Hertz Global Holdings Inc.

7.7.1 Company Details

7.7.2 Description and Business Overview

7.7.3 Truck Rental Introduction

7.7.4 Hertz Global Holdings Inc. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.7.5 Hertz Global Holdings Inc. Recent Development

7.8 Imperial Logistics Ltd.

7.8.1 Company Details

7.8.2 Description and Business Overview

7.8.3 Truck Rental Introduction

7.8.4 Imperial Logistics Ltd. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.8.5 Imperial Logistics Ltd. Recent Development

7.9 Mercedes Benz Group AG

7.9.1 Company Details

7.9.2 Description and Business Overview

7.9.3 Truck Rental Introduction

7.9.4 Mercedes Benz Group AG Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.9.5 Mercedes Benz Group AG Recent Development

7.10 NL Commercials Holdings Ltd.

7.10.1 Company Details

7.10.2 Description and Business Overview

7.10.3 Truck Rental Introduction

7.10.4 NL Commercials Holdings Ltd. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.10.5 NL Commercials Holdings Ltd. Recent Development

7.11 PACCAR Inc.

7.11.1 Company Details

7.11.2 Description and Business Overview

7.11.3 Truck Rental Introduction

7.11.4 PACCAR Inc. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.11.5 PACCAR Inc. Recent Development

7.12 Pan Pacific Van and Truck Leasing Pte Ltd.

7.12.1 Company Details

7.12.2 Description and Business Overview

7.12.3 Truck Rental Introduction

7.12.4 Pan Pacific Van and Truck Leasing Pte Ltd. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.12.5 Pan Pacific Van and Truck Leasing Pte Ltd. Recent Development

7.13 Penske Automotive Group Inc.

7.13.1 Company Details

7.13.2 Description and Business Overview

7.13.3 Truck Rental Introduction

7.13.4 Penske Automotive Group Inc. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.13.5 Penske Automotive Group Inc. Recent Development

7.14 Ryder System Inc.

7.14.1 Company Details

7.14.2 Description and Business Overview

7.14.3 Truck Rental Introduction

7.14.4 Ryder System Inc. Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.14.5 Ryder System Inc. Recent Development

7.15 SIXT SE

7.15.1 Company Details

7.15.2 Description and Business Overview

7.15.3 Truck Rental Introduction

7.15.4 SIXT SE Truck Rental Revenue, Gross, and Gross Margin (2018-2023)

7.15.5 SIXT SE Recent Development

8 Value Chain and Sales Channels Analysis

8.1 Truck Rental Value Chain Analysis

8.2 Truck Rental Customers

9 Research Findings and Conclusion

10 Methodology and Data Source

10.1 Methodology

10.1.1 Research Process

10.1.2 Market Size Estimation

10.1.3 Market Breakdown and Data Triangulation

10.2 Data Source

10.2.1 Legal Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Global and United States Truck Rental Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why are some of the most well-known companies left out of the Global and United States Truck Rental Market study?
The Global and United States Truck Rental study includes a diverse group of participants, including both market leaders and up-and-comers. Contact our sales representative to receive a complete list of companies covered in the study.
What is the anticipated growth rate for the Global and United States Truck Rental Market?
During the projected year from 2025 to 2030, the Global and United States Truck Rental Market is expected to grow at a CAGR of xx%.
What is Global and United States Truck Rental Market Concentration Rate?
In addition to the Global and United States Truck Rental Market share analysis by competitors, the report also includes chapters on the HHI Index, CR4, and CR8 to characterize the concentration rate and competitive character of the Global and United States Truck Rental Market.
What makes the latest Global and United States Truck Rental Market study unique?
The latest version of the Global and United States Truck Rental Market study includes a market size breakdown by relevant business segments, applications, and geography, as well as qualitative insights such as Patent Analysis*, Market Entropy, Key Development Activities, Market Dynamics, PEST and PORTER models, and more.