New report shows growth potential for truck rental market

Updated Jan 4, 2019

Research and Markets Thursday released its “Global Truck Rental Market 2018-2022” report.

According to the company the truck rental market shows potential for a compound annual growth rate (CAGR) of 3 percent by 2022. The report notes automotive OEMs are gaining popularity in truck rental market. Additionally, while third-party rental service providers have traditionally dominated the truck rental offerings, this trend is changing with growing customer preference for OEMs offering truck rentals.

The report also addresses the mountain cost pressure on fleet operators, the emergence of used trucks as value proposition, and the current competitive landscape.

For more information, and to download a copy of the report, please CLICK HERE.

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