North America Commercial Vehicle Rental and Leasing Market Report 2024

North America Commercial Vehicle Rental and Leasing Market Report 2023 Market Size Split by Type (Trucks Rental and Leasing, Trailers Rental and Leasing, Other), Application (Personal Leasing, Enterprise Leasing)

North America Commercial Vehicle Rental and Leasing Market Report Description

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Competitive Landscape of the Commercial Vehicle Rental and Leasing market

In the competitive landscape of the commercial vehicle rental and leasing market, several key players dominate the industry, including major rental companies, regional players, and fleet management companies. Enterprise Holdings, Hertz Global Holdings, and Avis Budget Group are among the largest rental companies globally, offering a wide range of commercial vehicles for short and long-term rental.

Commercial Vehicle Rental and Leasing Industry News 

In January 2021 - Europcar Approved the Financial Restructuring Plan Europcar affirmed the monetary rebuilding plan attributable to the impacts of COVID-19 on the organization's business. As per the new plan, the company's creditors shall decrease the company's car rental debts by a huge amount in exchange for shares and control of the company.

(Source:https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/europcar-completes-debt-restructuring-62921194)

In March 2021 - Hertz Global Holdings Sold Donlen Corporation to Athene Holding Hertz Global Holdings sold its wholly-owned subsidiary, Donlen Corporation to Athene Holdings for USD 891 million. The sale was as per Hertz's financial restructuring plan amid the COVID-19 pandemic.

(Source:https://www.prnewswire.com/news-releases/hertz-global-holdings-completes-sale-of-fleet-management-leader-donlen-corporation-to-athene-holding-301258656.html)

Top Companies Market Share in North America Commercial Vehicle Rental and Leasing Industry: (In no particular order of Rank)

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America Commercial Vehicle Rental and Leasing Market Analysis

Type Segment Analysis of North America Commercial Vehicle Rental and Leasing Market

North America Commercial Vehicle Rental and Leasing market Type size and share analysis, have been revealed under this section. This section offers market size, revenue share, y-o-y growth rate along with market attractiveness for each type. This will help you to understand which type held largest revenue share along with its compound annual growth rate (CAGR) of North America Commercial Vehicle Rental and Leasing Market.

With the help of type segment analysis, companies can understand which type has potential to invest along with its driving factors, current trends and other key factors. The timeline covered in the published North America Report edition is 2019 to 2031.

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

Application Segment Analysis of North America Commercial Vehicle Rental and Leasing Market

Application segment analysis is key parameter for key companies and new entrants offering versatile products or services, helping them customize products to meet the need of different user scenarios. Based on the application segment analysis, key companies can choose which application segments to target in the North America Commercial Vehicle Rental and Leasing Market. Our experts continuously monitor market dynamics and consumer trends of the each application to evaluate the attractiveness and potential of each segment. In terms of revenue, we can also provide the cross split of types in the each application for year 2019-2031. To understand more please connect with our sales team.

Note: The above Chart is for representative purposes and does not depict actual sales & statistics. You can request a free sample or purchase the full report access today!

North America Commercial Vehicle Rental and Leasing Country Analysis

In this section we have included market revenue, share, type, application and other segment analysis for each country level. Our team identifies and analyses potential risks associated with operating in each country, including rules and regulations, geopolitical risks, and other market-specific challenges. We estimate historical data and forecast future trends to understand the market's current situation in each country. This analysis helps key players to build strategies to strengthen their foothold in North America Commercial Vehicle Rental and Leasing market.

• United States
• Canada
• Mexico

The Current Published report Editon on the website includes the following list of countries analysis whereas in case you looking to access any other country or states level data under North America then please revert us to access the exclusive North America Commercial Vehicle Rental and Leasing industry report Edition.

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Bio :

Sneha Mali is a research analyst working in various domains including the Consumer Goods, market ...Read More

Author's Conclusion

• Auther say's: North America held the major market of more than 40% of the global revenue with a market size of USD 31260.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
• Enterprises leasing is the dominant category in the commercial vehicle rental and leasing market. The dominance of enterprises leasing can be attributed to several factors. Firstly, businesses often require a fleet of vehicles to support their operations, and leasing provides a cost-effective alternative to purchasing vehicles outright.
• Heavy and medium trucks are the dominant category in the commercial vehicle rental and leasing market. The dominance of heavy and medium trucks can be attributed to several factors. Firstly, businesses often require these types of vehicles to transport goods and materials, making them essential for many industries.

Frequently Asked Questions

What is North America Commercial Vehicle Rental and Leasing market size/share and growth rate?

North America Commercial Vehicle Rental and Leasingmarket size and its growth rate has been provided in the report. The historical period included in the report is from 2019 to 2023, whereas, the report provides forecast data for the years 2023 to 2030. This will help you to in terms of market share, regional market share, country level market share to understand how the market has been performing in the past and how it is going to perform in the following years. Correspondingly, historical and forecast analysis comprises sales and revenue data of the North America Commercial Vehicle Rental and Leasingmarket. Market size for UK, Europe, North America, Asia Pacific, Middle East & Africa is also included in the report.

What are the major factors affecting the North America Commercial Vehicle Rental and Leasing market?

The major factors affecting the North America Commercial Vehicle Rental and Leasing market in a positive, as well as negative perspective, have been provided with detailed analysis in the report. This segment has encompassed drivers, opportunities, and challenges faced by the industry. This will help you to understand the major factors impacting North America Commercial Vehicle Rental and Leasing market trends and develop your business strategy accordingly.

Who are the top manufacturers of North America Commercial Vehicle Rental and Leasing? List of North America Commercial Vehicle Rental and Leasing Companies and there market trend or market share?

Major manufacturers or list of North America Commercial Vehicle Rental and Leasing manufacturers 2023 involved in the market have been profiled in the report along with their business strategies, recent developments, SWOT analysis, business overview, and market Trend from the year 2018-2022. North America Commercial Vehicle Rental and Leasing Companies such as are part of the final deliverable document along with the same we can provide data for 2nd, 3rd, start-up level companies data and strategies as well. This will help you to understand the competitive analysis of the market and how other players are performing in the market. This detailed competitive analysis will help you to strategize your business accordingly and will keep you one step ahead. A quantitative and qualitative analysis of the main players in the North America Commercial Vehicle Rental and Leasing market is introduced, from the perspective of sales, revenue and price.

Which segments are covered under North America Commercial Vehicle Rental and Leasing market segments analysis?

Under North America Commercial Vehicle Rental and Leasing market segments analysis Type, Application, . It provides detailed insights on each type and application. Further, it provides which sub-segment is dominating the North America Commercial Vehicle Rental and Leasing market along with its reason. Additionally, the North America Commercial Vehicle Rental and Leasing market report will help you to analyze which sub-segment is fastest-growing during the forecast period.

What has been the impact of COVID-19 on the North America Commercial Vehicle Rental and Leasing market?

After the analysis of the complete market, the report has provided how the COVID-19 pandemic has affected the market. All the parameters have covered the overall impact of COVID -19 on the market value, market trend & growth of the market, and how the major players in the particular market are adopting these changes. This will help you to understand the overall optimistic, pessimistic, and neutral effects of the coronavirus pandemic on the North America Commercial Vehicle Rental and Leasing market.

How the North America Commercial Vehicle Rental and Leasing market performed till 2023 and how will it perform in the following years?

The North America Commercial Vehicle Rental and Leasing market has been analyzed thoroughly and has estimated the parameters which have affected the market in the historical period as well as how the market is going to perform in the following years. This will provide a complete market scenario and help you to strategize your next move accordingly to the North America Commercial Vehicle Rental and Leasing market Share.

Which region is expected to hold the highest market share in the North America Commercial Vehicle Rental and Leasing market?

The report gives an exhaustive investigation of the North America Commercial Vehicle Rental and Leasing market at country & regional levels, and provides an analysis of the industry trends in each of the regions, from sales, revenue, and consumption. It will help you to understand which region is dominating the market and is expected to grow significantly in the following years. The regional analysis will help you in strategizing the expansion of business.

What are the parameters used to analyze market position?

North America Commercial Vehicle Rental and Leasingmarket report has provided PESTEL and Porter analysis to provide insightful information regarding the market scenario. It also provides market attractiveness analysis with an acknowledgment of various factors within the market, including growth rate and market size, as well as outside factors such as access to raw materials, competition, and industry capacity.

How to order Full Report or Sample pages of the North America Commercial Vehicle Rental and Leasing market?

The sample report for the North America Commercial Vehicle Rental and Leasing Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.