Although demand for truck rentals and leases waxed and waned, the industry received an overall net increase in demand over the five years to 2015. Increasing emissions and fuel-efficiency regulations are anticipated to drive demand from the commercial market moving forward. Regulation aimed at lowering emissions from long-haul tractor-trailers and large pickup trucks will require downstream customers to either purchase or lease new vehicles. IBISWorld expects that the majority of companies to lease trucks from industry operators as downstream fleet operators seek more predictability and flexibility in their cost structures.
This industry primarily rents or leases trucks, truck tractors, utility trailers, semitrailers, recreational vehicles (RVs) and buses without drivers. Vehicle retailing activity is excluded from this industry. Companies that rent or lease industrial trucks and equipment, such as forklifts, are covered in the Industrial Equipment Rental and Leasing industry (IBISWorld report 53249CA).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.