Truck Rental in the US - Industry Market Research Report

Truck Rental in the US

The Truck Rental industry has prospered over the five years to 2019 as demand for industry services from both businesses and households has grown strongly. Robust business activities have increased demand for industry services in line with overall macroeconomic growth. The freight transportation services index has grown gradually over the past five years. However, businesses have struggled to meet increasing demand with limited fleet numbers, they have sought out industry companies to lease trucks and satisfy increasing order volumes. Due to heightened demand from all major downstream markets, industry revenue is forecasted to rise. The industry is expected to continue on an upward trend over the five years to 2024. As the economy improves, businesses are expected to augment their fleets with trucks leased and rented from industry operators for both freight and nonfreight transportation purposes.

Operators in this industry primarily rent or lease trucks, utility trailers, buses, semitrailers and other related vehicles (without drivers). Purchasing and lease-to-own arrangements of these vehicles are excluded from this industry. Operators that rent or lease industrial trucks and equipment, such as forklifts, are covered in the Industrial Equipment Rental and Leasing industry (IBISWorld report 53249).

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

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 PRODUCTS & MARKETS

MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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