Truck Rental Market to reach USD 140.13 billion by 2030, Driven by E-commerce Expansion and Flexible Logistics Demand - Mordor Intelligence

Introduction

The truck rental market size stands at USD 108.65 billion in 2025 and is forecast to reach USD 140.13 billion by 2030, advancing at a 5.22% CAGR, supported by steady demand across logistics, construction, retail distribution, and household moving activities.

Truck rental services offer short-term and long-term access to light, medium, and heavy commercial vehicles, helping users manage fluctuating transportation needs efficiently. From small businesses handling urban deliveries to large enterprises supporting regional supply chains, truck rentals have become a preferred option for controlling operational costs while maintaining service reliability.

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Key Market Trends

Shift Toward Short-Term Rentals: Businesses with seasonal or project-based transport needs are increasingly favoring short-term truck rentals to manage peak demand. This model helps avoid long-term capital investment, supports cash flow flexibility, and reduces maintenance and ownership responsibilities.

Expansion of E-Commerce & Logistics Activities: The rapid growth of e-commerce and third-party logistics has increased demand for flexible fleet options. Higher delivery frequency, last-mile distribution, and reverse logistics needs are driving logistics providers to adopt rental trucks for scalable operations.

Impact of Urban Regulations & Sustainability Goals: Urban mobility restrictions and environmental regulations are influencing truck category selection. Rental customers are prioritizing vehicles that meet city access rules, fuel efficiency standards, and emissions norms, prompting providers to diversify their fleets.

Adoption of Digital Booking & Fleet Technologies: The use of digital platforms for reservations and fleet management is reshaping customer expectations. Easy booking, transparent pricing, and flexible return options are becoming key differentiators, strengthening customer loyalty and competitive positioning.

Market Segmentation

By Vehicle Type
-Class 1-3 (Light-Duty Trucks)
-Class 4-6 (Medium-Duty Trucks)
-Class 7-8 (Heavy-Duty Trucks)

By Propulsion Type
-Internal Combustion Engine (ICE)
-Electric

By Booking Type
-Offline Booking
-Online Booking

By Rental Type
-Short-Term Leasing
-Long-Term Leasing

By Geography
-North America
-South Amerca
-Middle east&Africa
-Europe
-Asia pacific

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Key Players

Ryder System Inc.

Penske Truck Leasing

Enterprise Truck Rental

U-Haul International

Sixt SE (Sixt Rent a Truck)

Conclusion

The outlook for the truck rental market remains positive as businesses continue to prioritize flexible transportation solutions in an evolving economic environment. The shift toward outsourced logistics, combined with rising movement of goods across urban and regional networks, is expected to sustain demand over the long term.

The truck rental market analysis indicates that service adaptability, fleet diversity, and digital service integration will play an important role in shaping competitive success. Providers that align their offerings with changing customer expectations while maintaining operational efficiency are likely to benefit from expanding market opportunities.

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Industry Related Reports:

United States Vehicle Rental Market: The United States vehicle rental market report provides a comprehensive analysis of the industry, with market forecasts presented in terms of value (USD). The report segments the market by application, including leisure and tourism as well as business and corporate use; by vehicle type, such as passenger cars and other categories; by booking channel, encompassing both online and offline platforms; by rental duration, including short-term and other rental periods; and by propulsion type, covering ICE vehicles and additional alternatives. It also examines the market by service model, differentiating between traditional corporate fleets and emerging peer-to-peer platforms, along with a detailed regional analysis of the United States market.

Get more Insights: https://www.mordorintelligence.com/industry-reports/united-states-vehicle-rental-market?utm_source=openpr

Commercial Vehicle Rental And Leasing Market: The Commercial Vehicle Rental and Leasing Market report presents a comprehensive analysis of the industry, segmented by vehicle type, including light commercial vehicles and other categories; service type, covering short-term rentals and long-term leasing; application type, such as enterprise leasing and personal leasing; propulsion type, including internal combustion engine vehicles and alternative options; and end-use industries like logistics, construction, and others. The report also provides regional insights across major geographies, with market forecasts expressed in terms of value (USD).

Get more Insights: https://www.mordorintelligence.com/industry-reports/commercial-vehicle-rental-and-leasing-market?utm_source=openpr

Europe Medium And Heavy Duty Truck Rental Market: The Europe Medium & Heavy-Duty Truck Rental Market report presents a detailed analysis of the industry, with segmentation based on booking type, including offline and online bookings; rental type, covering short-term leasing and long-term leasing; and truck class, categorized into medium-duty trucks (7.5-16 tons) and heavy-duty trucks (above 16 tons). The report further examines the market by end-user industry, such as general freight and third-party logistics (3PL), construction and infrastructure, among others, along with propulsion type and country-level insights. Market forecasts are provided in terms of value (USD), offering a comprehensive view of current trends and future growth opportunities across the European region.

Get more Insights: https://www.mordorintelligence.com/industry-reports/europe-medium-and-heavy-duty-truck-rental-leasing-market?utm_source=openpr

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This release was published on openPR.