Truck Rental & Leasing in the UK - Industry Market Research Report
Description
Truck Rental & Leasing in the UK
Over the five years through 2023-24, revenue will contract at a compound annual rate of 4.3% to £2.8 billion. The industry's decline has primarily been a result of COVID-19 disruptions, decimating truck rental and leasing activity Revenue expanded in 2018-19, attributed principally to rising freight road transport volumes. The industry's performance is dependent on road freight volumes and activity in other downstream markets. The COVID-19 outbreak and lockdown measures, including the UK government's stay-at-home order and the closure of non-essential businesses for much of the year, decimated revenue. Forced retail store closures restricted the movement and distribution of consumer goods, causing revenue to fall. As the pandemic winds down, along with high e-commerce expenditure, road freight volumes have returned to pre-COVID-19 levels, aiding revenue.
Firms in this industry rent and lease trucks and motor vehicles weighing more than 3.5 tonnes. The industry includes the renting or leasing of heavy goods vehicles or trucks with drivers.
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."
Over the five years through 2023-24, revenue will contract at a compound annual rate of 4.3% to £2.8 billion. The industry's decline has primarily been a result of COVID-19 disruptions, decimating truck rental and leasing activity Revenue expanded in 2018-19, attributed principally to rising freight road transport volumes. The industry's performance is dependent on road freight volumes and activity in other downstream markets. The COVID-19 outbreak and lockdown measures, including the UK government's stay-at-home order and the closure of non-essential businesses for much of the year, decimated revenue. Forced retail store closures restricted the movement and distribution of consumer goods, causing revenue to fall. As the pandemic winds down, along with high e-commerce expenditure, road freight volumes have returned to pre-COVID-19 levels, aiding revenue.
Firms in this industry rent and lease trucks and motor vehicles weighing more than 3.5 tonnes. The industry includes the renting or leasing of heavy goods vehicles or trucks with drivers.
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."
Table of Contents
41 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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