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Truck Rental in Canada - Industry Market Research Report

Truck Rental in Canada

The Truck Rental industry in Canada performed well over the five years to 2018 as demand for industry services has grown steadily from both businesses and households. Businesses rent and lease trucks from industry companies for both the shipment of freight to downstream customers and the transport of goods and materials within and between work sites. As the economy improved, both freight shipping and general business activity have increased, in turn bolstering demand from business customers. Businesses have increased their demand for industry services during the current period as well, bolstered by overall macroeconomic growth and expanding corporate profit. Freight demand has grown nearly every year since 2013, leading more businesses to seek out industry vehicles. Moving forward, increasing emissions and fuel-efficiency regulations are anticipated to drive demand from the commercial market. Regulation aimed at reducing emissions from long-haul tractor-trailers and large pickup trucks will require downstream customers to either purchase or lease new vehicles.

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 in Canada (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.


  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2018)
    • Table Industry Structure
  • Industry Performance
    • Table Demand from transportation and warehousing
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table KEY BUYING INDUSTRIES
    • Table KEY SELLING INDUSTRIES
    • Table Products and services segmentation (2018)
    • Table Major market segmentation (2018)
    • Table Business Locations 2018
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major Players
    • Table Penske Corporation (industry-relevant operations) - financial performance*
    • Table Ryder System Inc. (industry-relevant operations) - financial performance*
    • Table AMERCO (industry-relevant operations) - financial performance*
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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