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Truck Rental & Leasing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck Rental & Leasing Market Research Report | SIC N77.120 | Mar 2017

Hitting the brakes: Revenue growth is expected to slow in the face of economic uncertainty

IBISWorld’s Truck Rental & Leasing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Dawsongroup plc Dawsongroup plc market share
Ryder System, Inc. Ryder System, Inc. market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • Falling business confidence is expected to boost demand as firms avoid purchasing vehicles
  • Revenue surged in 2012-13 in anticipation of the introduction of new European emissions standards
  • Restrictions on heavier trucks in London are expected to encourage demand for smaller vehicles
  • ... purchase to read more

Industry Analysis & Industry Trends

The Truck Rental and Leasing industry has recovered strongly in recent years, having exhibited growth in each year since 2012-13. A faltering economic recovery reduced road freight volumes in the United Kingdom towards the start of the period, meaning fewer trucks were required and the potential market for the industry shrank. Nevertheless, economic uncertainty encouraged several firms to rent or lease vehicles, rather than making large capital investments by directly purchasing the vehicles themselves. Although industry revenue has been somewhat volatile, it is expected to grow at a compound annual rate of 6.1% over the five years through 2016-17 to reach £2.4 billion. In the current year, revenue is estimated to grow by 3.9%... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Truck Rental and Leasing industry has a low level of market share concentration because there are many small and medium-size firms operating in the industry. IBISWorld expects the top four firms to account for 18.6% of industry revenue in 2016-17. Just 2.1% of industry operators employed 50 or more people in 2016 and 85% employed fewer than 10, illustrating the fragmented nature of the industry.

Industry concentration has increased slightly in the past five years as the larger firms have acquired smaller operators. Concentration is anticipated to rise over the next five years due to further merger activity and the expansion of the industry's larger firms. The.. purchase to read more

Additional Insights for the Truck Rental & Leasing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Truck Rental & Leasing Industry are

  • Ability to accommodate environmental requirements
  • Access to secure revenues
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Demand from freight road transport and Industrial production index in the Truck Rental & Leasing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Truck Rental & Leasing Industry?

    Firms in this industry rent and lease trucks and motor vehicles weighing more than 3.5 tonnes. The industry excludes the renting or leasing of heavy goods vehicles or trucks with drivers.

    Industry Products
    Trucks weighing 3.5 to 7.49 tonnesTrucks weighing 7.5 tonnes onlyTrucks weighing 7.51 to 18 tonnesTrucks weighing 18.1 to 32 tonnesTrucks weighing 32.1 tonnes and over
    Industry Activities
    Renting trucksLeasing trucks

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from freight road transport
  • Industrial production index
  • Business confidence index
  • Value of goods imports
  • Current Performance
  • New lease of life
  • Contract options
  • Potential risks
  • Environmental concerns
  • Chart: Revenue Growth
  • Industry Outlook
  • The road ahead
  • Fuelling growth
  • Restrictions and legislations
  • Table: Truck Rental & Leasing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Truck Rental & Leasing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Manufacturing
  • Construction
  • Key Selling Industries
  • Motor Vehicle Maintenance & Repair
  • Other Motor Vehicle Sales
  • Products & Services
  • Trucks weighing 32.1 tonnes and over
  • Trucks weighing 7.5 tonnes only
  • Trucks weighing 7.51 to 18 tonnes
  • Trucks weighing 18.1 to 32 tonnes
  • Trucks weighing 3.5 to 7.49 tonnes
  • Chart: Truck Rental & Leasing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Retailing, wholesaling and distributing industries
  • Manufacturing industries
  • Mining, petrol and chemical industries
  • Construction industries
  • Other industries
  • Chart: Major Market Segmentation for the Truck Rental & Leasing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Depreciation
  • Purchases
  • Wages
  • Utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Truck Rental & Leasing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Truck Rental & Leasing Industry
  • Industry Globalization
    Major Companies
    Ryder Limited
    Dawsongroup plc
  • Table: Ryder Limited - financial performance
  • Table: Dawsongroup plc - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Truck Rental & Leasing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Truck Rental & Leasing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • An agreement under which property is leased back to a recent seller.
  • Rigids
  • Lorries over 3.5 tonnes that have a solid, connected frame.
  • Tractor Unit
  • A heavy-duty commercial vehicle with several axles. The tractor unit moves the trailer, which can easily be changed to suit the load.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Truck Rental & Leasing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Truck Rental & Leasing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Truck Rental & Leasing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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