United Kingdom truck leasing
and rental market is anticipated to register growth with an impressive CAGR in
the forecast period, 2023-2027. The market growth can be attributed to growing
demands from the end use industries. Expanding construction industry, and
growing demands from the retail industry also drive the growth of the Untied
Kingdom truck leasing and rental market in the upcoming five years. Rising
demands for the rental services and leasing services due to affordable services
in the country also facilitate the growth of the United Kingdom truck leasing
and rental market in the next five years.
COVID-19 Impact on Market
Transportation services were
largely affected due to the pandemic situations. Strict regulations by the
government and halt at the distribution channels affected the demands for the
truck leasing and rental services thereby affecting the market growth. While
the complete lockdown was observed, many small and medium sized businesses were
shut down completely and the transportation was not facilitated, thus affecting
the market growth drastically. Lack of sanitization regulation pre-pandemic
times created threat for the viral infections to spread uncontrollably and thus
the market suffered huge losses. Although with recent relaxation, strict follow
up of the regulation and regular sanitizations of the products and trucks would
re-instate the previous growth of the United Kingdom truck leasing and rental
market in the future five years.
Increased Truck Production
Promises Future Growth
Higher sales of the
commercial vehicles and expansion of the transportation industry is anticipated
to drive the growth of the United Kingdom truck leasing and rental market in
the upcoming five years. In the United Kingdom, around 396.91 thousand commercia
vehicles were sold in the year, 2021. Growing demands for the commercial
vehicle have aided to the truck production along with growing imports of the
trucks and other commercial vehicles to satisfy the growing demands. Optimal
operational expenses, and the outsourcing of truck rental will further boost
the growth of the United Kingdom truck leasing and rental market in the next
five years.
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Market Segmentation
The
United Kingdom truck leasing and rental market is segmented by type, truck
type, booking, end use industry, competitional landscape, and regional
distribution. Based
on type, the market is differentiated between leasing and rental. By truck
type, the market is further segmented into light duty, medium duty, and heavy
duty. Based on booking, the market is distinguished between online and offline.
By end use industry, the market is bifurcated into oil & gas, FMCG,
e-commerce, mining, construction, and others. The market analysis also studies
the regional segmentation to devise regional market segmentation, divided among
London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire
& Humberside.
Company Profile
Centurion Truck Rental, Nationwide
Hire UK, Fraikin Limited, Europcar International S.A.S.U., Ryder System, Inc.,
Mac’s Truck (Rental Leasing Co Ltd), Dawsongroup plc., Hexagon Leasing Limited,
MC Group, Eurotrail UK Limited,
among others is a partial list of major market players of the companies
responsible for the growth of United Kingdom truck leasing and 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, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Type
·
Truck Type
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Booking
·
End Use Industry
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Regional scope
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London, East Anglia, Southwest, Southeast, Scotland, East
Midlands, and Yorkshire & Humberside
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Key companies profiled
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Centurion Truck Rental, Nationwide Hire
UK, Fraikin Limited, Europcar International S.A.S.U., Ryder System, Inc., Mac’s
Truck (Rental Leasing Co Ltd), Dawsongroup plc., Hexagon Leasing Limited, MC
Group, Eurotrail UK Limited
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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, United Kingdom truck leasing and rental market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- United Kingdom Truck Leasing And
Rental Market, By Type:
- United Kingdom Truck Leasing And
Rental Market, By Truck Type:
- Light Duty
- Medium Duty
- Heavy Duty
- United Kingdom Truck Leasing And
Rental Market, By Booking:
- United Kingdom Truck Leasing And
Rental Market, By End Use Industry:
- Oil & Gas
- FMCG
- E-Commerce
- Mining
- Construction
- Others
- United Kingdom Truck Leasing And
Rental Market, By Region:
o London
o East Anglia
o Southwest
o Southeast
o Scotland
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom truck leasing and 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).
United Kingdom Truck Leasing And 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]