Russia 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. Growing dependency over the commercial
vehicles for freight movement by various end use sectors and growing small and
medium sized enterprise are anticipated to drive the market growth. 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 Russia truck leasing & rental market in the upcoming five
years. Surge in the demand for transportation of consumer goods, automotive and
construction materials, also supports the growth of the Russia 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 Russia
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 Russia truck leasing &
rental market in the upcoming five 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 258.52 thousand units of trucks were sold in Russia. Rising
concerns regarding increasing pollution due to excessive trucks on roads,
actively supports the growth of the Russia truck leasing & rental market in
the future years.
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 Russia tuck leasing & rental market in the future five
years.
Technological Advancement
Drives Market Growth
Rising adoption of artificial
intelligence allows monitoring of the location of the trucks transporting goods
& items. GPS tracker, Bluetooth connectivity for the drivers, advancement
in the vehicles such as advanced driver assistance system (ADAS) also
facilitate the growth of the Russia truck leasing & rental market in the
future five years. Multiple market players are actively investing in research
and development of the automotives to provide highly efficient services to the
consumers, thus aiding the adoption of the truck leasing & rentals to
increase access to such advanced trucks, thereby substantiating the growth of
the Russia truck leasing & rental market in the forecast years through
2027F.
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Market Segmentation
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. 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 Eastern Region, North-West
Region, North Region, Siberian Region, Ural Region, South Region & Crimean
Region, Volga Region, Central Region.
Company Profile
Kamaz PTC, Travelscape LLC, Expedia,
Inc., Altec Industries, Move, Inc., Rent-A-Truck.RU, Cargo Rental, STT
Logistics, Lizily, Trucklend,
among others is a partial list of major market players of the companies
responsible for the growth of Russia 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
·
Lease Type
·
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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Eastern Region, North-West Region, North Region, Siberian
Region, Ural Region, South Region & Crimean Region, Volga Region, Central
Region
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Key companies profiled
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Kamaz PTC, Travelscape LLC, Expedia,
Inc., Altec Industries, Move, Inc., Rent-A-Truck.RU, Cargo Rental, STT
Logistics, Lizily, Trucklend
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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, Russia truck leasing & rental market has been segmented into
following categories, in addition to the industry trends which have also been detailed
below:
- Russia Truck Leasing & Rental
Market, By Type:
- Russia Truck Leasing & Rental
Market, By Lease Type:
- Financial Lease
- Full Service/Operational Lease
- Third Party Lease
- Russia Truck Leasing & Rental
Market, By Truck Type:
- Light Duty
- Heavy Duty
- Medium Duty
- Russia Truck Leasing & Rental
Market, By End Use Industry:
- Oil & Gas
- FMCG
- E-Commerce
- Mining
- Construction
- Others
- Russia Truck Leasing & Rental
Market, By Booking:
- Russia Truck Leasing & Rental
Market, By Vehicle Type:
- Russia Truck Leasing & Rental Market,
By Region:
o Eastern Region
o North-West Region
o North Region
o Siberian Region
o Ural Region
o South Region & Crimean Region
o Volga Region
o Central Region
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Russia 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).
Russia 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]