Russia Truck Leasing & Rental Market To Grow With Higher Vehicle Fleet
Higher
cost of commercial vehicles for small & medium enterprises drive the Russia
Truck Leasing & Rental Market growth.
According to TechSci report on, “Russia
Truck
Leasing & Rental Market - By
Region, Competition Forecast & Opportunities, 2027”. Russia
truck leasing & rental market may flourish with an impressive CAGR during
the forecast period of 2023-2027, on the backbone of growing concerns regarding
environment. Increasing sales of trucks would further increase the on-road
trucks and the pollution levels are expected to skyrocket that will disturb the
environment and release toxic exhaust thus use of leased vehicles and rental
trucks would decrease the number of on-road vehicles significantly thus driving
the growth of the Russia truck leasing & rental market in the upcoming five
years. Expanding construction industry, automotive industry, and growing demand
from the retail industry for the efficient retail product transportation drives
the growth of the Russia truck leasing & rental market in the next five
years. Growing demands from the end use industries is a major factor aiding the
market growth. With rapid adoption of online services, digital platforms to
book the rental service, efficient payment channels through online pathways,
etc. also facilitate the growth of the Russia truck leasing & rental market
in the future five years. Almost 100% digitized services, increasing
penetration of smart phones among the population and better internet
connectivity further support the growth.
Inclusion
of technologies in the trucks such as AI monitoring, internet of things, GPS
monitoring of the trucks, also fuels the growth of the Russia truck leasing
& rental market in the forecast years through 2027F. Furthermore, factors
like government announced safety norms regarding COVID protection and sanitizing
regulations, coupled with growing demand for the safe vehicles for the
transport services are some of the major factors aiding the growth of the Russia
truck leasing & rental market in the forecast period.
Browse over XX market data Figures
spread through 70 Pages and an in-depth TOC on "Russia Truck leasing & rental Market"
The
Russia truck leasing & rental market is segmented by type, lease type,
truck type, end use industry, booking, vehicle type, competitional landscape,
and regional distribution. Based on type, the market is differentiated between
lease and rental. By lease type, the market is bifurcated into financial lease,
full service/operational lease, and third party lease. Based on truck type, the
market is fragmented into light duty, heavy duty, and medium duty. Heavy duty trucks
are anticipated to hold the largest revenue shares of the market and dominate
the market segment in the upcoming five years due to increasing demands from
the consumer goods & retail industry. Higher loads of truck commute drives
the market segment. Moreover, light duty trucks are also expected to hold
significant shares due to increasing demands from the small and medium
enterprises demanding for shorter distance freight movements thereby increasing
the growth of the Russia truck leasing & rental market in the next five
years.
By
end use industry, the market is further segmented into oil & gas, FMCG,
e-commerce, mining, construction, and others. Oil & gas end use industry is
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years due to surging demands for the oil
& gas generated energy. Growing energy consumption and increasing imports
& exports further aid the growth of the Russia truck leasing & rental
market in the future five years. FMCG industry is also anticipated to hold significant
revenue shares of the market due to increasing demands for the freight
movement. Rising adaption of technology coupled with evolving shopping
behaviors and e-commerce sector further aid to the segmental growth and the
growth of the Russia truck leasing & rental market in the forecast years
through 2027F.
Based
on booking, the market is distinguished between online and offline. By vehicle
type, the market is differentiated into fully build and customizable. The
market analysis also studies the regional segmentation to devise regional
market segmentation, divided among Eastern Region, North-West Region, North
Region, Siberian Region, Ural Region, South Region & Crimean Region, Volga
Region, Central Region.
A
partial list of major market players of the Russia truck leasing & rental
market includes :
- Kamaz PTC
- Travelscape LLC
- Expedia, Inc.
- Altec Industries
- Move, Inc.
- Rent-A-Truck.RU
- Cargo Rental
- STT Logistics
- Lizily
- Trucklend
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“The Russian government’s initiatives aimed at limiting the number of
vehicles has greatly increased the demand for truck leasing and rental to
facilitate the transportation sector. Expanding automotive industry and easier
facilitation of the internet based service avail drives the market growth in
the country. Higher dependency on the by road transportation of the products
and efficient tracking services of the goods also adds value to the growth of
the Russia truck leasing & rental market in the future five years.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Russia
Truck Leasing & Rental Market By Type (Lease, Rental), By Lease Type
(Financial Lease, Full Service/Operational Lease, Third Party Lease), By Truck
Type (Light Duty, Heavy Duty, Medium Duty), By End Use Industry (Oil & Gas,
FMCG, E-Commerce, Mining, Construction, Others), By Booking (Online, Offline),
By Vehicle Type (Fully Build, Customizable), By Region, Competition Forecast &
Opportunities, 2027” has
evaluated the future growth potential of Russia truck leasing & rental market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in Russia truck leasing & rental market.
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