Truck Rental in Canada - Industry Market Research Report
Truck Rental in Canada
The Truck Rental industry in Canada has performed well as demand for industry services has grown from both businesses and households. Businesses rent and lease trucks from industry operators for both the shipment of freight to downstream customers and the transport of goods and materials within and between work sites. Due to economic growth over the past five years, both freight shipping and general business activity have increased, bolstering demand from business customers. Household demand has also expanded over the past five years, with housing starts and the value of residential construction both expected to grow during the period. As families and individuals increasingly purchase homes, residential moving activity has increased, expanding demand for industry vehicles to move possessions between houses. However, the spread of COVID-19 in 2020 significantly slowed overall industry growth as consumer spending and confidence fell.
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 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 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