Europe & CIS Medium and Heavy-Duty Truck Rental and Leasing Market to Grow with a CAGR of 6.10% through 2030
Rising demand for cost-effective fleet solutions, increasing logistics
and construction activities, and growing preference for flexible vehicle
ownership models are the factors driving the market in the forecast period
2026–2030.
According to TechSci Research report, “Europe & CIS Medium
and Heavy-Duty Truck Rental and Leasing Market – Industry Size, Share, Trends,
Opportunity, and Forecast, 2020-2030F”, The Europe & CIS Medium
and Heavy-Duty Truck Rental and Leasing Market was valued at USD 71.30 Billion
in 2024 and is expected to reach USD 101.71 Billion by 2030 with a CAGR of
6.10% during the forecast period.
The Europe & CIS heavy and medium truck rental market is undergoing
a strategic transformation, driven by the increasing demand for short-term
logistics support, aging commercial vehicle fleets, and growing urbanization
pressures. Companies across sectors such as food distribution, healthcare
logistics, and municipal services are turning to rental models to meet
time-bound transportation needs without investing in long-term capital assets.
This demand is further strengthened by the rising prevalence of contract-based
logistics, where flexibility and rapid fleet deployment are essential for
meeting service level agreements. Seasonal fluctuations in construction and
agricultural activities also drive the need for temporary access to heavy-duty
trucks, especially in rural and infrastructure-driven zones where demand spikes
are common.
Environmental regulations are also playing a key role in reshaping
rental patterns. Operators are avoiding older, non-compliant trucks and are
instead renting newer, emissions-compliant vehicles to avoid fines and ensure
eligibility for low-emission zones. The rental segment offers immediate access
to such compliant fleets without the financial burden of upgrades. Moreover,
the influx of technology-enabled rental platforms is streamlining access to
vehicles through digital booking, real-time fleet tracking, and predictive
availability tools.
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Europe & CIS Medium and
Heavy-Duty Truck Rental and Leasing Market Is Segmented by Booking Type, Rental
Type, End-Use Industry, and Country.
In 2024, the online booking segment recorded the fastest growth within
the Europe & CIS medium and heavy-duty truck rental market. Digitally
enabled platforms offering instant availability, transparent pricing,
streamlined booking workflows, and integrated services such as digital
documentation and real-time tracking attracted businesses needing quick,
flexible transport solutions. This surge was driven by companies favoring
short-term or project-based rentals who valued convenience and efficiency over
traditional negotiations fueling a shift toward web and app-based rental
experiences.
Among key countries in the region, the United Kingdom emerged as the
fastest-growing market in 2024. Strong uptake of outsourced fleet models in
response to tightening emissions standards and sustainability goals sparked
rapid growth. Digital tools and green-focused rental vehicles accelerated
demand, positioning the UK ahead of other markets in expanding medium and
heavy-duty truck rental volumes.
Major Market Players
Operating in Europe & CIS Medium and Heavy-Duty Truck Rental and Leasing
Market Are:
- Tip Trailer Services Germany Gmbh
- United Rental Inc
- Penske Truck Leasing
- Paccar Leasing Gmbh (paccar Inc.)
- Heisterkamp Truck Rental
- Easy Rent Truck and Trailer Gmbh
- Man Financial Services/euro-leasing
- Ryder Group
- Fraikin
- Natixis Lease
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“In today’s fast-changing logistics environment,
we’re seeing a clear move across Europe & CIS toward more flexible and
tech-driven approaches to fleet management. Medium and heavy-duty truck rental
and leasing is no longer just a cost-saving alternative it’s becoming a
strategic tool. Companies are leveraging these services to adapt to seasonal
demand, regulatory pressures, and the growing need for emission-compliant
vehicles. The rise of digital booking platforms is also reshaping how
businesses access and manage their fleets, offering greater transparency,
speed, and scalability. This market is evolving rapidly, and those who adopt
asset-light and tech-enabled models are positioning themselves for long-term
resilience.”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“Europe & CIS Medium and Heavy-Duty Truck
Rental and Leasing Market – Size, Share, Trends, Opportunity, and Forecast,
Segmented By Booking Type (Offline Booking, Online Booking), By Rental Type
(Short-Term Leasing, Long-Term Leasing), By End-Use Industry (FMCG,
Construction, Corporate, E-Commerce), By Country, By Competition, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the Europe & CIS Medium and Heavy-Duty Truck Rental
and Leasing Market.
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