Truck Rental & Leasing
Companies in this industry rent and lease trucks, truck tractors, buses, semi-trailers, utility trailers, and recreational vehicles. Major companies include Cruise America, Hertz, Penske Truck Leasing, Ryder, and U-Haul (all based in the US), as well as LeasePlan (the Netherlands) and Sixt (Germany).
The global truck rental industry is expected to reach about $215 billion by 2030 at a compound annual growth rate (CAGR) of 10.32%, according to Market Research Future. Europe is the leading truck rental market in terms of share followed by North America and Asia-Pacific.
The truck rental and leasing industry in the US includes about 6,000 establishments (single-location companies and units of multi-location companies) with a combined annual revenue of about $22 billion.
Competitive Landscape
Demand is driven by the health of the economy and the housing market. The profitability of individual companies depends on efficient operations. Big companies have economies of scale in acquiring vehicles and customers. Small companies can compete effectively by providing better service, alternative products, or lower prices. The US industry is highly concentrated: the 50 largest companies generate about 85% of revenue.
Products, Operations & Technology
Major services include leasing of heavy trucks, trailers, and buses which accounts for more than 90% of the industry's revenues. Other services include
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Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms