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Truck Rental Market Report Scope & Overview

The Truck Rental Market Size was valued at USD 125.50 billion in 2023 and is expected to reach USD 218.87 billion by 2031 and grow at a CAGR of 7.2% over the forecast period 2024-2031.

The truck rental market is growing due to its ability to offer cost-effective and adaptable solutions for transporting goods. Businesses can avoid the commitment and expense of owning and maintaining a fleet of trucks by renting vehicles for short-term use. This is particularly beneficial in the growing e-commerce industry, where companies require trucks to move products efficiently between warehouses, distribution centres, and customers. Renting trucks allows for flexible fleet scaling based on fluctuating demand, eliminating the burdens of long-term ownership associated with maintenance, insurance, and depreciation. The construction and infrastructure projects with varying durations benefit from renting heavy-duty trucks to transport materials, eliminating the need for permanent fleet investment.

Truck Rental Market Revenue Analysis

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MARKET DYNAMICS:

KEY DRIVERS:

  • Digitalization Boosts Truck Rentals with Instant Booking and Electric Truck Growth

The truck rental market is poised for further growth due to advancements in technology and environmental concerns. The rise of digitalization has made booking rental trucks incredibly convenient through user-friendly platforms. Additionally, government efforts to lower emissions are driving the development of electric trucks. As lithium-ion battery technology improves, electric trucks become more capable of long-distance hauls. This rise in electric truck adoption within rental services is expected to create significant growth opportunities in the coming years.

RESTRAINTS:

  • High fuel prices and tough regulations threaten truck rental market growth.

Rising fuel costs and complex regulations hinders the truck rental market. Fuel prices significantly impact profits, while regulations on emissions, safety, driver qualifications, and driving hours necessitate investments in upgrades, training, and administration. Stricter standards like Euro VI and Tier 4 further increase these burdens. These challenges can hinder fleet expansion, customer acquisition, and overall growth. The industry is countering this with alternative fuels, fuel-efficient tech, and digitalization, but the fight against high costs and regulations remains.

OPPORTUNITIES:

  • Technological advancements can unlock growth through user-friendly online booking platforms for truck rentals.

  • Construction and infrastructure projects with fluctuating needs can benefit from the cost-effective solutions offered by the truck rental market.

CHALLENGES:

  • Fluctuating demand across industries makes fleet management challenging.

  • Maintaining a modern fleet with ever-evolving technology requires ongoing investment.

IMPACT OF RUSSIA-UKRAINE WAR

The war in Russia-Ukraine has disrupted the truck rental market, causing issues across Europe with potential global ramifications. Sanctions and economic instability have hampered business activity, leading to a drop in demand for trucks to move goods. The war itself has also directly damaged or destroyed rental trucks in Ukraine, hindering companies' ability to meet existing contracts and shrinking overall fleet sizes.  Furthermore, global sanctions on Russia have restricted access to materials and parts needed for truck manufacturing and maintenance, potentially limiting the availability of new rental vehicles.  The war has worsened the global rise in fuel prices, significantly increasing operating costs for rental companies and potentially discouraging customers from renting trucks altogether.

IMPACT OF ECONOMIC SLOWDOWN

Economic slowdowns disrupt the truck rental market, potentially causing a 15-20% drop in demand. Businesses limit their budgets, reducing spending on goods and consequently the need for transportation. This translates to fewer rentals for trucks used in construction, manufacturing, and retail sectors. It causes in lowering the consumer’s confidence leading to decreased spending and a decline in demand for goods. This translates to fewer deliveries and a drop in truck rentals needed for e-commerce and last-mile deliveries. The businesses may delay infrastructure projects and equipment purchases, reducing demand for the heavy-duty trucks typically used in these sectors, further impacting rental companies catering to such needs.

KEY MARKET SEGMENTS:

By Duration:

  • Short Term

  • Long Term

Short-term rentals is the dominating sub-segment in the Truck Rental Market by duration holding around 60-80% of market share. This dominance is driven by the flexibility and cost-effectiveness they offer. Businesses can rent trucks for specific projects or fluctuating needs, eliminating the burden of ownership and associated expenses like maintenance and depreciation.

By Truck Type:

  • Light-duty

  • Medium-duty

  • Heavy-duty

Light-duty trucks is the dominating sub-segment in the Truck Rental Market by truck type holding around 60-65% of market share. This segment thrives due to its widespread use in personal moves, local deliveries, and small business operations. Their movability and fuel efficiency make them ideal for urban environments and everyday tasks.

By Service Provider:

  • OEM captive

  • Commercial banks

  • NBFCs

NBFCs (Non-Banking Financial Companies) is the dominating sub-segment in the Truck Rental Market by service provider. Their established financial networks and expertise in loan structuring enable them to offer competitive rates and financing options to a wider range of customers.

By Propulsion

  • ICE

  • Electric

Internal Combustion Engine (ICE) trucks is the dominating sub-segment in the Truck Rental Market by propulsion. Their established infrastructure, lower upfront costs, and wider availability make them the go-to choice for most businesses. However, electric trucks are a promising segment with growing adoption due to environmental concerns and government incentives.

REGIONAL ANALYSES

The Asia Pacific is the dominating region in the Truck Rental Market, holding an estimated market share of around 40%. The region boasts flourishing economies with a rapidly expanding industrial and commercial sector. This translates to a high demand for robust trucking networks, necessitating a large fleet of rental trucks to support logistics and transportation needs.

North America is the second highest region in this market. This strong presence is driven by a well-established trucking industry with a high replacement demand for trucks. Companies in North America frequently utilize rental trucks to manage fluctuations in freight volume or for short-term projects, creating a consistent demand for rental services.

Europe is experiencing the fastest growth within the Truck Rental Market. This surge is propelled by two key factors. Stringent emission regulations in Europe are pushing companies to rent newer, compliant trucks rather than incurring the expense of upgrading their existing fleets.

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REGIONAL ANALYSIS:

The North American area now maintains the largest share of the truck rental market revenue and is anticipated to experience explosive expansion over the course of the projected period. The expansion of the truck rental industry in North America may be attributed to a number of factors, the most prominent of which are the continent's well-developed industrial sector, its advanced mobility infrastructure, and the rising need for freight vehicles.

The European region is the Truck Rental Market's second-largest expanding market after the Asia-Pacific region. A significant contributor to the expansion of the market is the presence of OEMs in a number of European countries, including the United Kingdom, Germany, and others.

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS

The major key players are AMERCO (US), Avis Budget Group Inc. (US), PACCAR Leasing Company (US), MAX Rental.lu AG (Luxembourg), Ryder System, Inc. (US), Penske Truck Leasing Co., United Rentals, Inc. (US) Sixt SE (Germany), Almano (US), Advantage Rent-a-car (US) and other key players.

Avis Budget Group Inc.(US)-Company Financial Analysis

 

RECENT DEVELOPMENTS:

  • In March 2022: Fetch secures $3.5M to expand its on-demand van and truck rental platform. Users can rent vehicles via app, including those from Fetch's fleet or individual owners who partner with the service.

Truck Rental Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 125.50 Billion
Market Size by 2031 US$ 218.87 Billion
CAGR CAGR of 7.2% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Duration (Short Term, Long Term)
• by Truck Type (Light-duty, Medium-duty, Heavy-duty)
• by Service Provider (OEM captive, Commercial banks, NBFCs)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles AMERCO (US), L.P. (US), Avis Budget Group Inc. (US), PACCAR Leasing Company (US), MAX Rental.lu AG (Luxembourg), Ryder System, Inc. (US), Penske Truck Leasing Co., United Rentals, Inc. (US) Sixt SE (Germany), Almano (US), Advantage Rent-a-car (US), Budget Car Rental (US), and Europcar (UK)
Key Drivers •The Market Key Players' outstanding rental offers and extensive promotion.

•The Truck Rental Industry will benefit from outsourcing.
RESTRAINTS •Truck rental services aren't readily available in several parts due to economic development.

•Another factor limiting the market's expansion is a general lack of knowledge.

Frequently Asked Questions

Truck Rental Market Size was valued at USD 125.50 billion in 2023.

The CAGR Truck Rental Market is 7.2% over the forecast period 2024-2031.

  • The Market Key Players' outstanding rental offers and extensive promotion.
  • The Truck Rental Industry will benefit from outsourcing.
  • Requires a well-regulated demand-supply chain because this market is enormous and highly competitive.
  • To implement technology developments in trucks without raising prices excessively.

North American region is dominating the Truck Rental Market.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8. Pest Analysis

9. Truck Rental Market Segmentation, By Duration
9.1 Introduction
9.2 Trend Analysis
9.3 Short Term
9.4 Long Term

10. Truck Rental Market Segmentation, By Truck Type
10.1 Introduction
10.2 Trend Analysis
10.3 Light-duty
10.4 Medium-duty
10.5 Heavy-duty

11. Truck Rental Market Segmentation, By Service Provider
11.1 Introduction
11.2 Trend Analysis
11.3 OEM captive
11.4 Commercial banks
11.5 NBFCs

12. Truck Rental Market Segmentation, By Propulsion
12.1 Introduction
12.2 Trend Analysis
12.3 ICE
12.4 Electric

13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Truck Rental Market, By Country
13.2.3 North America Truck Rental Market Segmentation, By Duration
13.2.4 North America Truck Rental Market Segmentation, By Truck Type
13.2.5 North America Truck Rental Market Segmentation, By Service Provider
13.2.6 North America Truck Rental Market Segmentation, By Propulsion
13.2.7 USA
13.2.7.1 USA Truck Rental Market Segmentation, By Duration
13.2.7.2 USA Truck Rental Market Segmentation, By Truck Type
13.2.7.3 USA Truck Rental Market Segmentation, By Service Provider
13.2.7.4 USA Truck Rental Market Segmentation, By Propulsion
13.2.8 Canada
13.2.8.1 Canada Truck Rental Market Segmentation, By Duration
13.2.8.2 Canada Truck Rental Market Segmentation, By Truck Type
13.2.8.3 Canada Truck Rental Market Segmentation, By Service Provider
13.2.8.4 Canada Truck Rental Market Segmentation, By Propulsion
13.2.9 Mexico
13.2.9.1 Mexico Truck Rental Market Segmentation, By Duration
13.2.9.2 Mexico Truck Rental Market Segmentation, By Truck Type
13.2.9.3 Mexico Truck Rental Market Segmentation, By Service Provider
13.2.9.4 Mexico Truck Rental Market Segmentation, By Propulsion
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Truck Rental Market, By Country
13.3.2.2 Eastern Europe Truck Rental Market Segmentation, By Duration
13.3.2.3 Eastern Europe Truck Rental Market Segmentation, By Truck Type
13.3.2.4 Eastern Europe Truck Rental Market Segmentation, By Service Provider
13.3.2.5 Eastern Europe Truck Rental Market Segmentation, By Propulsion
13.3.2.6 Poland
13.3.2.6.1 Poland Truck Rental Market Segmentation, By Duration
13.3.2.6.2 Poland Truck Rental Market Segmentation, By Truck Type
13.3.2.6.3 Poland Truck Rental Market Segmentation, By Service Provider
13.3.2.6.4 Poland Truck Rental Market Segmentation, By Propulsion
13.3.2.7 Romania
13.3.2.7.1 Romania Truck Rental Market Segmentation, By Duration
13.3.2.7.2 Romania Truck Rental Market Segmentation, By Truck Type
13.3.2.7.3 Romania Truck Rental Market Segmentation, By Service Provider
13.3.2.7.4 Romania Truck Rental Market Segmentation, By Propulsion
13.3.2.8 Hungary
13.3.2.8.1 Hungary Truck Rental Market Segmentation, By Duration
13.3.2.8.2 Hungary Truck Rental Market Segmentation, By Truck Type
13.3.2.8.3 Hungary Truck Rental Market Segmentation, By Service Provider
13.3.2.8.4 Hungary Truck Rental Market Segmentation, By Propulsion
13.3.2.9 Turkey
13.3.2.9.1 Turkey Truck Rental Market Segmentation, By Duration
13.3.2.9.2 Turkey Truck Rental Market Segmentation, By Truck Type
13.3.2.9.3 Turkey Truck Rental Market Segmentation, By Service Provider
13.3.2.9.4 Turkey Truck Rental Market Segmentation, By Propulsion
13.3.2.10 Rest of Eastern Europe
13.3.2.10.1 Rest of Eastern Europe Truck Rental Market Segmentation, By Duration
13.3.2.10.2 Rest of Eastern Europe Truck Rental Market Segmentation, By Truck Type
13.3.2.10.3 Rest of Eastern Europe Truck Rental Market Segmentation, By Service Provider
13.3.2.10.4 Rest of Eastern Europe Truck Rental Market Segmentation, By Propulsion
13.3.3 Western Europe
13.3.3.1 Western Europe Truck Rental Market, By Country
13.3.3.2 Western Europe Truck Rental Market Segmentation, By Duration
13.3.3.3 Western Europe Truck Rental Market Segmentation, By Truck Type
13.3.3.4 Western Europe Truck Rental Market Segmentation, By Service Provider
13.3.3.5 Western Europe Truck Rental Market Segmentation, By Propulsion
13.3.3.6 Germany
13.3.3.6.1 Germany Truck Rental Market Segmentation, By Duration
13.3.3.6.2 Germany Truck Rental Market Segmentation, By Truck Type
13.3.3.6.3 Germany Truck Rental Market Segmentation, By Service Provider
13.3.3.6.4 Germany Truck Rental Market Segmentation, By Propulsion
13.3.3.7 France
13.3.3.7.1 France Truck Rental Market Segmentation, By Duration
13.3.3.7.2 France Truck Rental Market Segmentation, By Truck Type
13.3.3.7.3 France Truck Rental Market Segmentation, By Service Provider
13.3.3.7.4 France Truck Rental Market Segmentation, By Propulsion
13.3.3.8 UK
13.3.3.8.1 UK Truck Rental Market Segmentation, By Duration
13.3.3.8.2 UK Truck Rental Market Segmentation, By Truck Type
13.3.3.8.3 UK Truck Rental Market Segmentation, By Service Provider
13.3.3.8.4 UK Truck Rental Market Segmentation, By Propulsion
13.3.3.9 Italy
13.3.3.9.1 Italy Truck Rental Market Segmentation, By Duration
13.3.3.9.2 Italy Truck Rental Market Segmentation, By Truck Type
13.3.3.9.3 Italy Truck Rental Market Segmentation, By Service Provider
13.3.3.9.4 Italy Truck Rental Market Segmentation, By Propulsion
13.3.3.10 Spain
13.3.3.10.1 Spain Truck Rental Market Segmentation, By Duration
13.3.3.10.2 Spain Truck Rental Market Segmentation, By Truck Type
13.3.3.10.3 Spain Truck Rental Market Segmentation, By Service Provider
13.3.3.10.4 Spain Truck Rental Market Segmentation, By Propulsion
13.3.3.11 Netherlands
13.3.3.11.1 Netherlands Truck Rental Market Segmentation, By Duration
13.3.3.11.2 Netherlands Truck Rental Market Segmentation, By Truck Type
13.3.3.11.3 Netherlands Truck Rental Market Segmentation, By Service Provider
13.3.3.11.4 Netherlands Truck Rental Market Segmentation, By Propulsion
13.3.3.12 Switzerland
13.3.3.12.1 Switzerland Truck Rental Market Segmentation, By Duration
13.3.3.12.2 Switzerland Truck Rental Market Segmentation, By Truck Type
13.3.3.12.3 Switzerland Truck Rental Market Segmentation, By Service Provider
13.3.3.12.4 Switzerland Truck Rental Market Segmentation, By Propulsion
13.3.3.13 Austria
13.3.3.13.1 Austria Truck Rental Market Segmentation, By Duration
13.3.3.13.2 Austria Truck Rental Market Segmentation, By Truck Type
13.3.3.13.3 Austria Truck Rental Market Segmentation, By Service Provider
13.3.3.13.4 Austria Truck Rental Market Segmentation, By Propulsion
13.3.3.14 Rest of Western Europe
13.3.3.14.1 Rest of Western Europe Truck Rental Market Segmentation, By Duration
13.3.3.14.2 Rest of Western Europe Truck Rental Market Segmentation, By Truck Type
13.3.3.14.3 Rest of Western Europe Truck Rental Market Segmentation, By Service Provider
13.3.3.14.4 Rest of Western Europe Truck Rental Market Segmentation, By Propulsion
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Truck Rental Market, By Country
13.4.3 Asia-Pacific Truck Rental Market Segmentation, By Duration
13.4.4 Asia-Pacific Truck Rental Market Segmentation, By Truck Type
13.4.5 Asia-Pacific Truck Rental Market Segmentation, By Service Provider
13.4.6 Asia-Pacific Truck Rental Market Segmentation, By Propulsion
13.4.7 China
13.4.7.1 China Truck Rental Market Segmentation, By Duration
13.4.7.2 China Truck Rental Market Segmentation, By Truck Type
13.4.7.3 China Truck Rental Market Segmentation, By Service Provider
13.4.7.4 China Truck Rental Market Segmentation, By Propulsion
13.4.8 India
13.4.8.1 India Truck Rental Market Segmentation, By Duration
13.4.8.2 India Truck Rental Market Segmentation, By Truck Type
13.4.8.3 India Truck Rental Market Segmentation, By Service Provider
13.4.8.4 India Truck Rental Market Segmentation, By Propulsion
13.4.9 Japan
13.4.9.1 Japan Truck Rental Market Segmentation, By Duration
13.4.9.2 Japan Truck Rental Market Segmentation, By Truck Type
13.4.9.3 Japan Truck Rental Market Segmentation, By Service Provider
13.4.9.4 Japan Truck Rental Market Segmentation, By Propulsion
13.4.10 South Korea
13.4.10.1 South Korea Truck Rental Market Segmentation, By Duration
13.4.10.2 South Korea Truck Rental Market Segmentation, By Truck Type
13.4.10.3 South Korea Truck Rental Market Segmentation, By Service Provider
13.4.10.4 South Korea Truck Rental Market Segmentation, By Propulsion
13.4.11 Vietnam
13.4.11.1 Vietnam Truck Rental Market Segmentation, By Duration
13.4.11.2 Vietnam Truck Rental Market Segmentation, By Truck Type
13.4.11.3 Vietnam Truck Rental Market Segmentation, By Service Provider
13.4.11.4 Vietnam Truck Rental Market Segmentation, By Propulsion
13.4.12 Singapore
13.4.12.1 Singapore Truck Rental Market Segmentation, By Duration
13.4.12.2 Singapore Truck Rental Market Segmentation, By Truck Type
13.4.12.3 Singapore Truck Rental Market Segmentation, By Service Provider
13.4.12.4 Singapore Truck Rental Market Segmentation, By Propulsion
13.4.13 Australia
13.4.13.1 Australia Truck Rental Market Segmentation, By Duration
13.4.13.2 Australia Truck Rental Market Segmentation, By Truck Type
13.4.13.3 Australia Truck Rental Market Segmentation, By Service Provider
13.4.13.4 Australia Truck Rental Market Segmentation, By Propulsion
13.4.14 Rest of Asia-Pacific
13.4.14.1 Rest of Asia-Pacific Truck Rental Market Segmentation, By Duration
13.4.14.2 Rest of Asia-Pacific Truck Rental Market Segmentation, By Truck Type
13.4.14.3 Rest of Asia-Pacific Truck Rental Market Segmentation, By Service Provider
13.4.14.4 Rest of Asia-Pacific Truck Rental Market Segmentation, By Propulsion
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Truck Rental Market, By Country
13.5.2.2 Middle East Truck Rental Market Segmentation, By Duration
13.5.2.3 Middle East Truck Rental Market Segmentation, By Truck Type
13.5.2.4 Middle East Truck Rental Market Segmentation, By Service Provider
13.5.2.5 Middle East Truck Rental Market Segmentation, By Propulsion
13.5.2.6 UAE
13.5.2.6.1 UAE Truck Rental Market Segmentation, By Duration
13.5.2.6.2 UAE Truck Rental Market Segmentation, By Truck Type
13.5.2.6.3 UAE Truck Rental Market Segmentation, By Service Provider
13.5.2.6.4 UAE Truck Rental Market Segmentation, By Propulsion
13.5.2.7 Egypt
13.5.2.7.1 Egypt Truck Rental Market Segmentation, By Duration
13.5.2.7.2 Egypt Truck Rental Market Segmentation, By Truck Type
13.5.2.7.3 Egypt Truck Rental Market Segmentation, By Service Provider
13.5.2.7.4 Egypt Truck Rental Market Segmentation, By Propulsion
13.5.2.8 Saudi Arabia
13.5.2.8.1 Saudi Arabia Truck Rental Market Segmentation, By Duration
13.5.2.8.2 Saudi Arabia Truck Rental Market Segmentation, By Truck Type
13.5.2.8.3 Saudi Arabia Truck Rental Market Segmentation, By Service Provider
13.5.2.8.4 Saudi Arabia Truck Rental Market Segmentation, By Propulsion
13.5.2.9 Qatar
13.5.2.9.1 Qatar Truck Rental Market Segmentation, By Duration
13.5.2.9.2 Qatar Truck Rental Market Segmentation, By Truck Type
13.5.2.9.3 Qatar Truck Rental Market Segmentation, By Service Provider
13.5.2.9.4 Qatar Truck Rental Market Segmentation, By Propulsion
13.5.2.10 Rest of Middle East
13.5.2.10.1 Rest of Middle East Truck Rental Market Segmentation, By Duration
13.5.2.10.2 Rest of Middle East Truck Rental Market Segmentation, By Truck Type
13.5.2.10.3 Rest of Middle East Truck Rental Market Segmentation, By Service Provider
13.5.2.10.4 Rest of Middle East Truck Rental Market Segmentation, By Propulsion
13.5.3 Africa
13.5.3.1 Africa Truck Rental Market, By Country
13.5.3.2 Africa Truck Rental Market Segmentation, By Duration
13.5.3.3 Africa Truck Rental Market Segmentation, By Truck Type
13.5.3.4 Africa Truck Rental Market Segmentation, By Service Provider
13.5.3.5 Africa Truck Rental Market Segmentation, By Propulsion
13.5.3.6 Nigeria
13.5.3.6.1 Nigeria Truck Rental Market Segmentation, By Duration
13.5.3.6.2 Nigeria Truck Rental Market Segmentation, By Truck Type
13.5.3.6.3 Nigeria Truck Rental Market Segmentation, By Service Provider
13.5.3.6.4 Nigeria Truck Rental Market Segmentation, By Propulsion
13.5.3.7 South Africa
13.5.3.7.1 South Africa Truck Rental Market Segmentation, By Duration
13.5.3.7.2 South Africa Truck Rental Market Segmentation, By Truck Type
13.5.3.7.3 South Africa Truck Rental Market Segmentation, By Service Provider
13.5.3.7.4 South Africa Truck Rental Market Segmentation, By Propulsion
13.5.3.8 Rest of Africa
13.5.3.8.1 Rest of Africa Truck Rental Market Segmentation, By Duration
13.5.3.8.2 Rest of Africa Truck Rental Market Segmentation, By Truck Type
13.5.3.8.3 Rest of Africa Truck Rental Market Segmentation, By Service Provider
13.5.3.8.4 Rest of Africa Truck Rental Market Segmentation, By Propulsion
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Truck Rental Market, By Country
13.6.3 Latin America Truck Rental Market Segmentation, By Duration
13.6.4 Latin America Truck Rental Market Segmentation, By Truck Type
13.6.5 Latin America Truck Rental Market Segmentation, By Service Provider
13.6.6 Latin America Truck Rental Market Segmentation, By Propulsion
13.6.7 Brazil
13.6.7.1 Brazil Truck Rental Market Segmentation, By Duration
13.6.7.2 Brazil Truck Rental Market Segmentation, By Truck Type
13.6.7.3 Brazil Truck Rental Market Segmentation, By Service Provider
13.6.7.4 Brazil Truck Rental Market Segmentation, By Propulsion
13.6.8 Argentina
13.6.8.1 Argentina Truck Rental Market Segmentation, By Duration
13.6.8.2 Argentina Truck Rental Market Segmentation, By Truck Type
13.6.8.3 Argentina Truck Rental Market Segmentation, By Service Provider
13.6.8.4 Argentina Truck Rental Market Segmentation, By Propulsion
13.6.9 Colombia
13.6.9.1 Colombia Truck Rental Market Segmentation, By Duration
13.6.9.2 Colombia Truck Rental Market Segmentation, By Truck Type
13.6.9.3 Colombia Truck Rental Market Segmentation, By Service Provider
13.6.9.4 Colombia Truck Rental Market Segmentation, By Propulsion
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Truck Rental Market Segmentation, By Duration
13.6.10.2 Rest of Latin America Truck Rental Market Segmentation, By Truck Type
13.6.10.3 Rest of Latin America Truck Rental Market Segmentation, By Service Provider
13.6.10.4 Rest of Latin America Truck Rental Market Segmentation, By Propulsion

14. Company Profiles
14.1 AMERCO (US)
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Avis Budget Group Inc. (US)
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 PACCAR Leasing Company (US)
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 MAX Rental.lu AG (Luxembourg)
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Ryder System, Inc. (US)
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Penske Truck Leasing Co.
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 United Rentals, Inc. (US)
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Sixt SE (Germany)
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Almano (US)
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Advantage Rent-a-car (US)
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View

15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions

16. Use Case and Best Practices

17. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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