Truck Rental Market Size, Trends, and Growth Outlook 2025-2032
The truck rental market is witnessing rapid transformation driven by evolving logistics demands and fleet optimization strategies across industries. Increasing urbanization and last-mile delivery needs have bolstered the adoption of rental trucks, shaping the market dynamics significantly. The integration of technology in fleet management is further propelling industry growth while providing new avenues for business expansion.
Market Size and Overview
The Global Truck Rental Market is estimated to be valued at USD 290.90 Bn in 2025 and is expected to reach USD 488.94 Bn by 2032, growing at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2032.
This upward trajectory is propelled by enhanced supply chain efficiency requirements and a growing preference for flexible leasing over direct ownership. Truck Rental Market report highlights robust demand from construction, transportation, and e-commerce sectors, which are catalyzing overall market revenue and expanding market opportunities globally.
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