Truck Rental in the US - Industry Market Research Report

Truck Rental in the US - Industry Market Research Report

Truck Rental in the US

Truck rental has expanded in line with increased demand from downstream businesses going into 2023. Businesses rent and lease trucks to ship freight to downstream customers and transport goods and materials between work sites. As the economy improves, general business activities increase, bolstering demand for freight shipping from businesses. Household demand has risen as consumers rent trucks primarily for moving purposes as existing home sales have increased.

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.