Global Truck Rental Market Size & Outlook, 2023-2030
The truck rental industry worldwide is expected to reach a projected revenue of US$ 199,578.1 million by 2030. A compound annual growth rate of 7.4% is expected of the worldwide truck rental industry from 2024 to 2030.
Revenue, 2023 (US$M)
$121,380.3
Forecast, 2030 (US$M)
$199,578.1
CAGR, 2024 - 2030
7.4%
Report Coverage
Worldwide
Global truck rental market, 2018-2030 (US$M)
Global truck rental market highlights
- The global truck rental market generated a revenue of USD 121,380.3 million in 2023 and is expected to reach USD 199,578.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.4% by 2030.
- In terms of segment, light duty accounted for a revenue of USD 121,380.3 million in 2023.
- Light Duty is the most lucrative truck segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 121,380.3 million |
| Market revenue in 2030 | USD 199,578.1 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Light duty |
| Fastest growing segment | Light Duty |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Light Duty |
Other key industry trends
- In terms of revenue, the North America accounted for 26.9% of the global truck rental market in 2023.
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Truck Rental Market Scope
Truck rental market segmentation & scope
Duration
Short Term
Long Term
Propulsion
ICE
Electric
Service Provider
Rental and Leasing Companies
OEM Captives
Third Party Service Providers
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Truck Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global truck rental market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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