Truck Rental and Leasing Market Size, Share, Growth Analysis, By Lease Type(Finance Lease, Full-Service Lease), By Truck Capacity Type(Class 6 and Below, Class 7 and Above), By End User(Commercial Customers, Non-commercial Customers), By Region - Industry Forecast 2024-2031

North America is projected to account for a notable share of the global truck rental and leasing market owing to the presence of key vehicle lease providers in this region. The United States is estimated to be the leading country in this region for truck rental and leasing providers over the coming years. Increasing adoption of automation and digital solutions by vehicle lease providers in this country are also forecasted to create new opportunities for truck rental and leasing market players in the long run. Meanwhile, Canada is also a key market that will provide attractive returns by the end of the forecast period.

On the other hand, the Asia Pacific region is slated to emerge as the fastest-growing market for truck rental and leasing suppliers in the future. Rapidly increasing urbanization and industrialization are slated to be key factors promoting the demand for truck rental and leasing services in this region. Launch of several new infrastructure development initiatives in countries such as India, China, and Japan are also slated to create new truck rental and leasing market growth opportunities through 2031. High investments in mining sector will also create new opportunities for truck rental and leasing companies going forward.