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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
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 SWOT Analysis Chapter

The Truck Rental and Leasing industry is estimated to be in the mature stage of its life cycle. Industry value added is expected to grow at a compound annual rate of 4.8% over the decade through 2021-22. This is higher than the UK’s estimated GDP growth of 2.3% over the same period. However, this strong growth is partly a result of the low base that the industry grew from at the beginning of the period and volatile operating conditions for the industry. Stable growth in the coming years suggests that the industry is in fact in the mature stage of its life cycle rather than the growth stage.

Total freight volumes are expected to grow slowly over the coming years, facilitating demand for the renting and leasing of trucks. Thi.. 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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