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UK Truck Rental Market Research Report Forecast to 2030

Major Players

The UK truck rental market is a thriving and active industry essential to supporting several businesses and logistical activities. The rental truck market in the UK provides a wide range of services and solutions to satisfy various transportation demands, emphasizing flexibility, cost-effectiveness, and scalability. Rental trucks are used by businesses in various industries, including manufacturing, retail, logistics, and construction, to meet their short-term or specialized transportation needs.

The market is growing due to the expanding commercial sector and rising personal disposable income. The market for vehicle leasing and rental in the United Kingdom is anticipated to grow due to the quickening pace of digitalization. Additionally, many rental companies compete for consumers' business in the very competitive UK truck rental industry. This industry's intense competition encourages innovation and guarantees businesses can use the newest truck models and technologies. Customer satisfaction is a top priority for rental truck firms, which provide value-added services, including telemetry systems, maintenance assistance, and flexible rental terms. These elements help the UK truck rental sector expand and succeed by giving businesses affordable, effective transportation options to meet their changing needs.

As per MRFR, the UK truck rental market has been growing over the past few years. It is expected to reach USD 6,428.0 million by 2030, at a CAGR of 10.10% during the forecast period, 2023–2030.

Market Segmentation

The UK truck rental market has been segmented based on offering, truck type and end user. By offering segment, rental truck services accounted for the largest market share with a market value of USD 1,846.9 million in 2022, which is projected to grow at a CAGR of 10.90% during the forecast period. 

The UK Truck Rental market, in this report, has been segmented based on Truck Type into Rental Truck and Rental Truck Service. Truck rental and truck rental services both are further divided into light duty, medium duty, and heavy duty. The UK Truck Rental market, in this report, has been segmented based on End User into Rental Truck and Rental Truck Service market. The Truck Rental market is further divided into Cold Storage, Manufacturing & Industrial, Construction, and Others. Cold Storage is further divided into the Food Industry and Pharmaceutical. Furthermore, Rental truck service is further divided into Cold Storage, Fleet Operator, and Others.

Major Players

Hexagon Leasing Ltd, Close Brothers Vehicle Hire, Asset Alliance Group, Seven Asset Management, Fraikin Limited, Dawsongroup PLC, Alltruck PLC, Petit Forestier, Enterprise Holdings, Inc, and Salford Van Hire.