The downturn in the UK economy had a mixed effect on the Truck Rental and Leasing industry. Poor economic conditions reduced road freight volumes in the United Kingdom, meaning fewer trucks were required and the potential market for the industry shrank. However, with the lacklustre economy weighing heavily on business confidence, many firms decided to rent or lease vehicles to avoid the large capital outlay involved in purchasing them outright. The contrasting effects of the economic downturn resulted in a turbulent period. However, the industry returned to growth in 2012-13 and grew for the remainder of the period thanks to improving economic conditions encouraging demand.
Firms in this industry rent and lease trucks and motor vehicles weighing more than 3.5 tonnes. The industry excludes the renting or leasing of heavy goods vehicles or trucks with drivers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.