NJ New Jersey, USA -- (SBWIRE) -- 06/12/2023 -- The latest study released on the Global Truck Rental and Leasing Market by AMA Research evaluates market size, trend, and forecast to 2028. The Truck Rental and Leasing market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
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Key Players in This Report Include: Paccar Inc. (United States), Penske Corporation (United States), Ryder System, Inc. (United States), The Larson Group (United States), Mendon Trucks Leasing and Rental (United States), Kris-Way Truck Leasing (United States), TEC Equipment, Inc (United States), DeCarolis Truck Rental, Inc (United States), PEMA GmbH (Germany), Hertz (United States), Thrifty (United States), Europcar (France), Avis (United States), Idealease Inc (United States), NIPPON RENT-A-CAR (Japan).
Definition: The Growth of urbanization is fundamentally transforming concepts for supplying urban areas, owing to distribution centres are being moved ever closer to urban areas. Of late, increasing E-commerce has generated double-digit growth rates for parcel service providers across the world. Moreover, an unsurprising consequence is that connected transport logistics are changing. Ever larger hubs are emerging and these are moving closer to the growing conurbations globally.
The largest truck lessors and rental companies, Ryder System and Penske Truck Leasing, already have ELD programs in place for customers, but the decision to delay enforcement of the mandate will benefit many of the businesses they serve, especially those that are not primarily engaged in transportation or rent additional trucks only on a sporadic or seasonal basis. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Truck Rental and Leasing market throughout the predicted period.
Market Opportunities:
Increasing Production of Truck & Commercial Vehicles in both Developed and Developing Economies
Growth in the Global Economy
Market Trends:
The Logistics Sharing Concept is One of the Biggest Trend
Adoption of Telematics Services, Owing to Real-time Information among Others
Market Drivers:
Adoption of Digitalization, Biggest Driver of Change in the Truck Rental and Leasing Market
The Global Truck Rental and Leasing Market segments and Market Data Break Down are illuminated below:
by Type (Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks), Application (Personal Leasing, Enterprise Leasing)
Global Truck Rental and Leasing market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
-To carefully analyze and forecast the size of the Truck Rental and Leasing market by value and volume.
-To estimate the market shares of major segments of the Truck Rental and Leasing
-To showcase the development of the Truck Rental and Leasing market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Truck Rental and Leasing market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Truck Rental and Leasing
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Truck Rental and Leasing market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Truck Rental and Leasing Market Study Coverage:
It includes major manufacturers, emerging player's growth story, and major business segments of Truck Rental and Leasing market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Truck Rental and Leasing Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Truck Rental and Leasing Market Production by Region Truck Rental and Leasing Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Truck Rental and Leasing Market Report:
Truck Rental and Leasing Overview, Definition and Classification Market drivers and barriers
Truck Rental and Leasing Market Competition by Manufacturers
Impact Analysis of COVID-19 on Truck Rental and Leasing Market
Truck Rental and Leasing Capacity, Production, Revenue (Value) by Region (2023-2028)
Truck Rental and Leasing Supply (Production), Consumption, Export, Import by Region (2023-2028)
Truck Rental and Leasing Production, Revenue (Value), Price Trend by Type {Light Duty Trucks, Medium Duty Trucks, Heavy Duty Trucks}
Truck Rental and Leasing Market Analysis by Application {Personal Leasing, Enterprise Leasing}
Truck Rental and Leasing Manufacturers Profiles/Analysis Truck Rental and Leasing Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
How feasible is Truck Rental and Leasing market for long-term investment?
What are influencing factors driving the demand for Truck Rental and Leasing near future?
What is the impact analysis of various factors in the Global Truck Rental and Leasing market growth?
What are the recent trends in the regional market and how successful they are?
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