The Iran truck leasing
& rental market is expected to grow at a steady CAGR in the forecast
period, 2023-2027. The decline in the oil prices and the increased awareness
about the benefits of availing of truck leasing and rental services are the
primary factors driving the demand for the Iran truck leasing & rental
market. Also, the growing e-commerce and logistics industry and the adoption of
online sales channels are the other two significant factors expected to
contribute to the market growth over the next five years.
Increased Awareness about
Benefits of Truck Leasing & Rental Services Drives the Market Growth
In 2021 around 23.89 thousand
units of trucks were sold in Iran. The massive ongoing economic activity across
the country is boosting the demand for commercial vehicles. Lowering the oil
prices has adversely impacted the purchasing capability of the market players.
Truck leasing & rental services eliminate the hidden costs of buying, as
owning or investing in the purchase of trucks comes with associated expenses of
towing, taxes, licensing and fueling, acquiring substitute vehicles, and other
hard costs. As with the prolonged ownership of the trucks, the truck's
maintenance and operational cost also grow, including routine inspection,
oiling requirements, and replacement of tires. Availing the truck leasing and
rental services eliminates the maintenance and repair expenses involved with
the ownership of vehicles, as the service provider must bear all these costs.
Fleet ownership includes indirect costs and issues such as indirect compliance
issues, fees associated with driver training and costs and replacing drivers,
and other costs. Older leased trucks can be exchanged with their newer
versions, ensuring better services and reduced costs. Therefore, the advantages
of availing of truck leasing and renting services and the entry of new market
players are expected to accelerate the growth of the Iran truck leasing and
rental services over the next five years.
Growing Automotive Industry
Supports the Market Demand
Iran is the second-largest
economy after Saudi Arabia in the Middle East region. The government of the
country supports higher education and promotes domestic industrial production
and novel engineering technologies. The 2025 grand economic plan introduced by
the leading authorities is to make the country the number one automotive
industry in the Middle East region. The automotive industry is growing due to
the rise in the skilled workforce in the country and the huge potential for
foreign direct investments in the country. Massive support from the government
promoting the automotive industry and an increase in the production of
automotive parts and components are further boosting the automotive industry in
the country. Truck manufacturing companies are working on technological
advancements and are introducing new features to increase the fuel efficiency,
carrying capacity, and performance of trucks. Thus, the launch of novel trucks
in the market and the strong growth of the automotive industry are expected to
propel the Iran truck leasing & rental market growth in the coming
years.
Download Free Sample Report
Market Segmentation
The
Iran truck leasing & rental market is segmented into type,
lease type, truck type, end use industry, booking, vehicle type, regional distribution,
and competitive landscape. Based on type, the market is divided into lease and
rental. Based on lease type, the market is divided into financial lease, full
service/operational lease, and third-party lease. Based on truck type, the
market is divided into light duty, heavy duty, and medium duty. Based on end
use industry, the market is divided into oil & gas, FMCG,
e-commerce, mining, construction, and others. Based
on booking, the market is bifurcated into offline and online. Based on vehicle
type, the market is divided into fully build and customizable. The market is also studied
by dividing Iran into regions namely Tehran, Mashhad, Esfahan, Tabriz, and Kermanshah.
Market Players
Europcar Bandar Abbas, Iran
Trucking, Fars Transport, EramTarabar Int'l Transport Co, Partnik, Nik Tak Co.
Ltd., TLM Logistics, RWT, Khadem Logistics, Arnica mehr Kish co. are the major
market players leading the Iran truck leasing & rental market growth.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Units, and CAGR for 2017-2021
and 2022-2027
|
|
Report coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
|
Segments covered
|
·
Type
·
Lease Type
·
Truck Type
·
End Use Industry
·
Booking
·
Vehicle Type
|
|
Region scope
|
Tehran, Mashhad, Esfahan, Tabriz, Kermanshah
|
|
Key companies profiled
|
Europcar Bandar Abbas, Iran Trucking, Fars
Transport, EramTarabar Int'l Transport Co, Partnik, Nik Tak Co. Ltd., TLM
Logistics, RWT, Khadem Logistics, Arnica mehr Kish co.
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Iran truck leasing
& rental market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Iran Truck Leasing & Rental Market, By Type:
- Iran Truck Leasing & Rental Market, By Lease Type:
- Financial Lease
- Full Service/Operational Lease
- Third Party Lease
- Iran Truck Leasing & Rental Market, By Truck Type:
- Light Duty
- Heavy Duty
- Medium Duty
- Iran Truck Leasing & Rental Market, By End Use Industry:
- Oil & Gas
- FMCG
- E-Commerce
- Mining
- Construction
- Others
- Iran Truck Leasing & Rental Market, By Booking:
- Iran Truck Leasing & Rental Market, By Vehicle Type:
- Iran Truck Leasing
& Rental Market, By Region:
- Tehran
- Mashhad
- Esfahan
- Tabriz
- Kermanshah
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Iran 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).
Iran 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]