China truck leasing &
rental market is anticipated to register growth with an impressive CAGR in the
forecast period, 2023-2027. The market growth can be attributed to expansion of
automotive industry in the country. Rapidly expanding demands for the trucks
and other commercial vehicle, coupled with surging investment in the
manufacturing and distribution further drives the growth of the China truck
leasing & rental market in the upcoming five years. Surge in the demand for
freight movements and logistic transportation from various end use industries
such as consumer goods, automotive and construction industry, also supports the
growth of the China truck leasing & rental market in the next fie years. Pandemic
conditions had disturbed the transportation sector drastically. Although
reinstatement of the sector along with strict regulation followed, further
aided the growth of the China truck leasing & rental market in the future
five years.
Truck leasing and rental
services are business to business kind of services as well as utilized for
various business to consumer services too. The commercial vehicles like trucks are highly in demand for the
movement of consumer goods as well as personal belongings of the consumer in
case of relocation of the consumer. The services include financial lease, full
service/operational lease, and third party lease.
Higher Sales of Trucks Drive
Market Growth
Higher sales of trucks and other commercial vehicles affect the growth of the China
truck leasing & rental market in the upcoming five years. Rising concerns
regarding increasing pollution due to excessive trucks on roads, actively
supports the growth of the China truck leasing & rental market in the
future years. Higher number of trucks on road signifies worse conditions of the
environment. Exhaustive emissions and norms regarding the same
has restricted purchase of new trucks in the future years. In 2021, around
3809.40 thousand units of trucks were sold in China.
The government is actively
promoting the adoption of rental services to avoid increasing number of trucks
and logistics vehicle on road. Increasing concerns over pollution levels and
degrading environment coupled with stringent regulations from the government
regarding emission of the toxic exhausts of the vehicles further substantiates
the growth of the China tuck leasing & rental market in the future five
years.
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Market Segmentation
The
China 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. By end use industry, the market is further
segmented into oil & gas, FMCG, e-commerce, mining, construction, and
others. 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 East China, South-Central
China, North China, South-West China, North-East China, North-West China.
Company Profile
Diversified Truck Leasing, Valley
Truck Leasing Inc., Idealease, Inc., Tricon Leasing Group L.L.C.,
TruckRental.WS, Aim Transportation Solutions, Airoldi Brothers, Kris Way Truck
Leasing, TruckRental.WS, UPack,
among others is a partial list of major market players of the companies
responsible for the growth of China truck leasing & rental market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, volume in units, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Type
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Lease Type
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Truck Type
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End Use Industry
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Booking
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Vehicle Type
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Regional scope
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East China, South-Central China, North China, South-West
China, North-East China, North-West China
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Key companies profiled
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Diversified Truck Leasing, Valley Truck
Leasing Inc., Idealease, Inc., Tricon Leasing Group L.L.C., TruckRental.WS, Aim
Transportation Solutions, Airoldi Brothers, Kris Way Truck Leasing, TruckRental.WS,
UPack
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, China truck leasing & rental market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- China Truck Leasing & Rental
Market, By Type:
- China Truck Leasing & Rental
Market, By Lease Type:
- Financial Lease
- Full Service/Operational Lease
- Third Party Lease
- China Truck Leasing & Rental
Market, By Truck Type:
- Light Duty
- Heavy Duty
- Medium Duty
- China Truck Leasing & Rental
Market, By End Use Industry:
- Oil & Gas
- FMCG
- E-Commerce
- Mining
- Construction
- Others
- China Truck Leasing & Rental
Market, By Booking:
- China Truck Leasing & Rental
Market, By Vehicle Type:
- China Truck Leasing & Rental Market,
By Region:
o East China
o South-Central China
o North China
o South-West China
o North-East China
o North-West China
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in China truck leasing & rental market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
China Truck Leasing & Rental Market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]