Commercial Vehicle Rental and Leasing Market Growth, Development and Opportunities in 2021-2031 | PACCAR Leasing Company, Hertz, Penske Truck Leasing, Ryder, U-Haul

New York, According to a new market research report published by Global Insight Services Commercial Vehicle Rental and Leasing Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Commercial vehicle rental and leasing is a service that allows businesses to rent or lease vehicles for a set period of time. This can be useful for businesses that need a vehicle for a short-term project or event, or for businesses that do not want to own a fleet of vehicles. Commercial vehicle rental and leasing companies typically have a wide range of vehicles available, from small cars to large trucks. Prices will vary depending on the type of vehicle, the length of time it is needed, and the company that is providing the service.

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Key Trends

The key trends in commercial vehicle rental and leasing technology are:

1. The use of big data and analytics to improve fleet management and vehicle utilization.

2. The use of electric vehicles and alternative fuel vehicles in commercial fleets.

3. The use of connected vehicle technologies to improve fleet management and driver safety.

4. The use of mobile technologies to improve customer service and vehicle reservations.

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Key Drivers

There are a few key drivers of the commercial vehicle rental and leasing market.

Firstly, the growth of e-commerce has resulted in an increased demand for delivery vehicles, which has in turn driven up demand for commercial vehicle rentals and leases.

Secondly, the rise of the gig economy has led to a growing number of people using their own personal vehicles for business purposes, which has also contributed to the growth of the commercial vehicle rental and leasing market.

Finally, the increasing cost of owning and operating a commercial vehicle has made renting or leasing a more attractive option for many businesses.

Market Segmentation

The Commercial Vehicle Rental and Leasing Market is segmented by lease type, truck capacity, end user, and region. By lease type, it is bifurcated into finance lease and full-service lease. On the basis of capacity, the market is classified into class 6 and below and Class 7 and above. By on end-use, it is categorized into commercial customers and non-commercial customers. By region, the market is analyzed across North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players in the Commercial Vehicle Rental and Leasing Market are Cruise America, PACCAR Leasing Company, Hertz, Penske Truck Leasing, Ryder, U-Haul, LeasePlan, Sixt, Amerco and Ryder System.

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Reasons to buy Commercial Vehicle Rental and Leasing Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.