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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

The Truck Rental & Leasing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Dawsongroup plc Dawsongroup plc market share
Ryder System, Inc. Ryder System, Inc. market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 12-17
6.1%
Annual Growth 17-22
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Profit
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Employment
10,420
Businesses
918
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 Investment Chapter

Due to the large number and high value of trucks and trailers required by rental firms, capital requirements are a significant factor for the industry. IBISWorld estimates that the capital intensity ratio is 1:0.38, meaning that for every £2.63 of capital investment, operators spend £1.00 on labour. This indicates that the industry is heavily reliant on capital, making it highly susceptible to adverse economic conditions. Due to EU requirements for vehicles to be relatively new and to have travelled relatively few miles, vehicles need to be replaced on a regular basis. This means that industry operators spend large amounts on capital. How.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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


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