Published by,May 9, 2017By 2017, the global construction equipment market is estimated to be sized. In 2014, the North American market was the third biggest market for construction equipment worldwide, accounting for about In 2015, Illinois-based Caterpillar topped the The manufacturer of engines and machines such as skid steer loaders, off-highway trucks and wheel excavators generated Along with crawler dozers, crawler excavators and aerial work platforms, wheel loaders ranked among the most important product categories in 2011, reaching a nine percent market share of the North American construction equipment market that year.
Jun 03, 2019 (MarketersMedia via COMTEX) - Truck Rental Market to Witness Exceptional Growth over forecast period of 2019 to 2024, according to latest Truck Rental Industry Global Market Research Report 2019, published by MRFR. Highly Efficient and Cost-Effective Feature to Induce Truck Rental Market.Pune, India - June 3, 2019 /MarketersMedia/ -Global Truck Rental Market information research report, by Sensor types (Temperature, Motion, Pressure, Gas, Optical), by Method (MEMS, NMEMS), by Application (Automobile, Body electronics), by Vehicle type (Heavy vehicle) - Global Forecast 2024.Global Truck Rental Industry Overview:Key players profiled in the truck rental market include Europcar (UK), Almano (US), United Rentals, Inc. (US), Sixt SE (Germany), Ryder System, Inc. (US), Penske Truck Leasing Co., L.P.
By 2017, the global construction equipment market is estimated to be sized at around 192 billion U.S. Enterprise Truck Rental can help you move with a variety of commercial-grade trucks, from box-style moving vans to pickup trucks. Whether you’re moving your family, need a better way to haul supplies for a DIY project, or towing your boat, our staff is dedicated to help you find the right vehicle to move, haul, or tow whatever you need.
(US), PACCAR Leasing Company (US), AMERCO (US), MAX Rental.lu AG (Luxembourg), Budget Car Rental (US), Avis Budget Group Inc. (US), Advantage Rent-a-car (US) and others.Get Free Sample 'Truck Rental Industry 2019 Global Market Report' at:North America to Have Lion's Share in Truck Rental Market. The global truck rental market is predicted to have a healthy growth at 15.3% CAGR over the predicted years (2019-2024). Truck rental includes hiring of light or heavy commercial vehicles.
Renting trucks will help in curbing vehicular pollution via reducing the owned vehicles' volumetric sales and also on road vehicles. Renting a truck is an immensely cost-effective and efficient solution compared to loan and purchasing a truck as it gives the owner the choice of mobility devoid of having to pay the price related to vehicle ownership.There are ample factors that is boosting the growth of the truck rental market. These factors as stated by the Market Research Future (MRFR) report include increasing need for optimization of operational risks, highly cost-effective, burgeoning need for trucks from the construction industries, industrial and logistics, rapid population growth, and no financial liability of servicing, vehicle replacement and maintenance. On the contrary, scarcity of service truck rental providers both in underdeveloped and developing regions may hinder the growth of the truck rental market over the predicted years.Market Segmentation:MRFR report offers a wide segmental analysis of the truck rental market based on truck type and lease type.Based on truck type, the truck rental market is segmented into light commercial vehicle and heavy commercial vehicle. Of these, the heavy commercial truck segment will have the largest share in the market and at an astounding CAGR over the predicted years.
The intercontinental trucking and cross-border trucking industry is predicted to boost the growth of this segment.Based on lease type, the truck rental market is segmented into full-service lease and finance lease. Of these, full-service lease will dominate the market and is predicted to grow at the fastest CAGR over the predicted years. This is owing to its growing demand as it helps in managing the operating costs of trucks including roadside assistance, licensing, taxes, repairs and maintenance. Full-service lease helps in minimizing the administrative costs related to operating a truck thereby enabling truck operators in focusing on their business more.Regional Analysis:By region, the truck rental market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America.
Of these, North America will have lion's share in the truck rental market over the predicted years. This is owing to the presence of leading rental truck provider companies in the region namely Avis Budget Group Inc., Ryder System Inc., Penske Truck Leasing Co., PACCAR Leasing Company and AMERCO. This coupled with the growing awareness and concern to reduce emissions has led to an increase in the truck rental services as they significantly cut down the total number of trucks on the road.Industry News:April 2019- Penske Truck Leasing is relocating their Dubuque, lowa facility.