Global Truck Rental Market Size & Outlook, 2025-2030
The global truck rental market size was estimated at USD 129,390.6 million in 2024 and is projected to reach USD 199,578.0 million by 2030, growing at a CAGR of 7.6% from 2025 to 2030.
Revenue, 2024 (US$M)
$129,390.6
Forecast, 2030 (US$M)
$199,578.0
CAGR, 2025 - 2030
7.6%
Report Coverage
Worldwide
Global truck rental market, 2018-2030 (US$M)
Related Markets
Global truck rental market highlights
- The global truck rental market generated a revenue of USD 129,390.6 million in 2024 and is expected to reach USD 199,578.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 7.6% by 2030.
- In terms of segment, light duty accounted for a revenue of USD 93,921.3 million in 2024.
- Heavy Duty is the most lucrative truck segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 129,390.6 million |
| Market revenue in 2030 | USD 199,578.0 million |
| Growth rate | 7.6% (CAGR from 2025 to 2030) |
| Largest segment | Light duty |
| Fastest growing segment | Heavy Duty |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Light Duty, Medium Duty, Heavy Duty |
Other key industry trends
- In terms of revenue, the North America accounted for 26.2% of the global truck rental market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 21,018.7 million by 2030.
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Truck Rental Market Scope
Truck rental market segmentation & scope
Truck Rental Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Hertz Corporation | View profile | - | Melbourne, Victoria, Australia, Oceania | http://hertzaustralia.com.au/ |
| Penske Automotive Group Inc | View profile | 28500 | 2555 Telegraph Road, Bloomfield Hills, MI, United States, 48302-0954 | https://www.penskeautomotive.com |
| United Rentals Inc | View profile | 26300 | 100 First Stamford Place, Suite 700, Stamford, CT, United States, 06902 | https://www.unitedrentals.com |
| Daimler Truck Holding AG ADR | View profile | 104213 | Fasanenweg 10, Leinfelden-Echterdingen, BW, Germany, 70771 | https://www.daimlertruck.com |
| Antelope Enterprise Holdings Ltd | View profile | 43 | 350 Fifth Avenue, Suite 7540, The Empire State Building, Sichuan Province, New York, NY, United States | http://www.aehl-kylin.com |
| Avis Budget Group Inc | View profile | 31000 | 379 Interpace Parkway, Parsippany, NJ, United States, 07054 | https://www.avisbudgetgroup.com |
Global truck rental market size, by regions, 2018-2030 (US$M)
Top 10 countries: Truck rental market size, 2024 (US$M)
Global truck rental market share, by truck, 2024 & 2030 (%, US$M)
Truck rental market: Opportunity assessment by country
Global truck rental market, by region, 2024 (US$M)
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