Report Description

 

Forecast Period

2025-2029

9Market Size (2023)

USD 806.02 Million

CAGR (2024-2029)

5.10%

Fastest Growing Segment

Operational

Largest Market

Southeast


Market Overview

Brazil Truck Leasing & Rental Market was valued at USD 806.02 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.10%. The truck leasing and rental market in Brazil is positioned to experience remarkable potential and substantial growth in the coming years. This upward trend can be attributed to various factors, including the expanding logistics and transportation sector in Brazil. With the rise of the e-commerce industry and the increasing demand for efficient goods transportation, the truck leasing and rental market is expected to witness significant growth and opportunities. As companies strive to optimize their supply chain operations and meet the growing demands of consumers, the need for reliable and flexible truck leasing and rental services becomes crucial. By offering a wide range of vehicles, flexible rental options, and value-added services, companies operating in this market can cater to the diverse needs of businesses across various industries. With the continuous advancements in technology and the increasing focus on sustainability, the truck leasing and rental market in Brazil is poised to play a vital role in shaping the future of the transportation industry in the region.

In addition, regulatory changes and improved infrastructure have played pivotal roles in advancing the truck leasing and rental market. The Brazilian government, recognizing the importance of this sector, has implemented measures to streamline regulations and promote a favorable business environment for truck leasing and rental companies. These measures include simplifying licensing procedures and reducing bureaucratic hurdles, making it easier for businesses to operate in the market. Furthermore, ongoing infrastructure developments, such as road expansions and upgrades, have not only improved the overall efficiency and accessibility of transportation networks but have also created opportunities for growth in the truck leasing and rental industry. These developments have opened up new routes and improved connectivity, allowing businesses to expand their operations and reach new markets. With these regulatory and infrastructure changes, the truck leasing and rental market in Brazil is poised for further growth and prosperity.

However, it is important to acknowledge the challenges that this market faces. Economic volatility can impact the demand for truck leasing and rental services, as businesses may adjust their logistics requirements based on market conditions. Furthermore, vehicle maintenance costs can be a significant factor affecting profitability for companies operating in this industry.

Nevertheless, with strategic investments and the adoption of customer-centric business models, companies can position themselves to thrive in the Brazilian truck leasing and rental market. By understanding the unique needs of customers and providing tailored solutions, companies can differentiate themselves and build long-term relationships with clients.

Overall, the truck leasing and rental market in Brazil presents a promising opportunity for growth, driven by the expanding logistics and transportation sector, regulatory changes, and improved infrastructure. Despite the challenges, companies that navigate the market with foresight and adaptability can capitalize on this potential and establish a strong presence in this dynamic industry.

Key Market Drivers

Economic Growth and Infrastructure Development

Economic growth in Brazil has been a significant driver of the truck leasing and rental market. As the country experiences economic expansion, various sectors, including manufacturing, agriculture, and e-commerce, rely heavily on road transportation for the movement of goods. This increased economic activity fuels demand for a flexible and scalable truck fleet, making leasing and rental options more attractive for businesses. Furthermore, infrastructure development initiatives, such as the expansion and improvement of highways, ports, and logistics hubs, require reliable and diverse truck fleets to support construction and transportation needs. Truck leasing and rental services offer companies the agility to adapt to the dynamic economic landscape and tap into new opportunities without the burden of upfront capital investments.

Regulatory Compliance and Environmental Concerns

Regulatory compliance, particularly in terms of environmental and safety standards, plays a pivotal role in driving the truck leasing and rental market in Brazil. Government regulations are becoming increasingly stringent to ensure safer and more environmentally friendly transportation. This has led companies to opt for leasing or renting trucks equipped with the latest technology, ensuring compliance with emissions and safety standards without having to make significant investments in fleet upgrades. Moreover, Brazil has a rapidly growing concern for environmental sustainability, and companies are looking for more eco-friendly options. Leasing companies often offer access to modern, fuel-efficient, and low-emission vehicles, enabling businesses to meet these expectations without making large capital outlays for purchasing new trucks.

Cost-Efficiency and Asset Utilization

Cost-efficiency is a major driver for the truck leasing and rental market in Brazil. Companies often find it more economical to lease or rent trucks rather than purchasing and maintaining their own fleets. This is especially true for businesses with variable demand, as they can adapt their truck fleets to meet changing requirements without incurring the costs associated with owning and maintaining a large number of vehicles. Leasing and rental arrangements also reduce the burden of maintenance and repairs, allowing companies to allocate their resources more efficiently. By optimizing asset utilization, businesses can free up capital for other critical aspects of their operations.

Flexibility and Scalability

The demand for flexibility and scalability is a driving force behind the truck leasing and rental market in Brazil. Companies in various sectors require the ability to quickly adjust their fleet sizes to accommodate changing market conditions. Leasing and rental agreements offer the flexibility to scale up or down based on seasonal variations, project requirements, or market fluctuations. This agility is particularly valuable in industries like agriculture, where harvest seasons demand a larger fleet for a limited time, or in e-commerce, where surges in online shopping necessitate more delivery vehicles during peak periods. Leasing and rental companies provide access to a wide range of truck models, allowing businesses to choose the right vehicles for specific tasks and durations.

Reduced Financial Risk and Capital Preservation

Mitigating financial risk and preserving capital is another critical driver in the Brazil Truck Leasing & Rental Market. When companies purchase trucks outright, they commit substantial capital to an asset that depreciates over time. Leasing or renting trucks eliminates the depreciation risk, allowing businesses to allocate their resources to other strategic areas. This approach is particularly beneficial for startups and small to medium-sized enterprises looking to grow their operations without being burdened by a significant upfront investment in a fleet. By preserving capital, companies have more financial flexibility to invest in core business activities, such as marketing, technology, and personnel, ultimately contributing to their overall competitiveness and sustainability in the market.


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Key Market Challenges

Economic and Political Instability

Economic and political instability in Brazil presents a significant challenge to the Truck Leasing & Rental Market. The country has faced a series of economic crises and political uncertainties, which have had a direct impact on businesses across various sectors. These uncertainties can lead to reduced business investments, lower demand for transportation services, and financial constraints that affect the ability of companies to commit to long-term leasing or rental agreements. This instability may also result in fluctuations in the value of the Brazilian currency, which can impact the cost of acquiring and maintaining a truck fleet. Furthermore, political factors can influence regulations and policies that affect the trucking industry, creating additional uncertainties for truck leasing and rental companies.

Infrastructure and Road Conditions

Brazil's vast and diverse geography, while offering opportunities for the transportation industry, also presents significant challenges. The quality of the road infrastructure varies widely across the country, with well-developed highways in some regions and inadequate or poorly maintained roads in others. This inconsistency can lead to increased maintenance costs, vehicle wear and tear, and even delays in deliveries. Truck leasing and rental companies may have to invest in more robust and versatile vehicles to navigate Brazil's diverse road conditions, which can be costly. The state of infrastructure also affects transportation efficiency and safety, which are key considerations for businesses looking to lease or rent trucks.

Regulatory Compliance and Taxation

The complex regulatory landscape and taxation system in Brazil are challenging for truck leasing and rental companies. Compliance with environmental, safety, and emissions standards can be demanding and costly, especially as these regulations become more stringent. Companies offering leasing and rental services must ensure their fleets meet these standards, which can require constant upgrades and technological investments. Moreover, Brazil's taxation system is intricate and varies from state to state, making it difficult for companies to calculate and manage taxes associated with their leased or rented vehicles. This complexity often results in higher operating costs, which are passed on to customers, potentially reducing the attractiveness of leasing or renting trucks.

High Operating Costs

The high operating costs associated with maintaining a truck fleet are a significant challenge for truck leasing and rental companies in Brazil. Fuel costs, maintenance expenses, and labor costs are substantial components of the total cost of ownership for trucks. Fluctuating fuel prices can impact the profitability of the trucking business and make it difficult for leasing and rental companies to offer competitive pricing. Additionally, maintenance and repair costs can be elevated due to Brazil's challenging road conditions, further affecting the cost-effectiveness of leasing and rental services. In some cases, companies are required to provide additional services, such as maintenance and repair, which can increase operational complexity and costs.

Competition and Market Saturation

The Brazil Truck Leasing & Rental Market is characterized by intense competition and market saturation. Numerous local and international players offer leasing and rental services, creating a highly competitive environment. This level of competition can lead to price wars and reduced profit margins for companies operating in this sector. The challenge is not only to attract customers but also to retain them in a market where switching between leasing providers is relatively easy. To differentiate themselves, companies need to offer value-added services, such as advanced fleet management and telematics solutions, which can be costly to develop and maintain. The need to continuously innovate and provide exceptional customer service is a challenge for sustaining profitability in a crowded market.

Key Market Trends

Growth in E-commerce and Last-Mile Delivery

The exponential growth of e-commerce in Brazil is driving a significant trend in the Truck Leasing & Rental Market. With consumers increasingly turning to online shopping, there is a growing demand for efficient last-mile delivery solutions. E-commerce companies are increasingly relying on leased and rented trucks to meet this surge in demand, particularly during peak shopping seasons. These vehicles are often equipped with advanced telematics systems, ensuring the real-time tracking and monitoring of deliveries. The trend of e-commerce is likely to continue, and this sector will play a pivotal role in shaping the future of truck leasing and rental services in Brazil.

Green and Sustainable Fleets

Environmental concerns are shaping the Brazil Truck Leasing & Rental Market, with a notable trend towards green and sustainable fleets. As the global push for sustainability gains momentum, businesses are looking to reduce their carbon footprint. Leasing and rental companies are responding by offering a range of eco-friendly options, including electric and hybrid vehicles. These vehicles not only align with sustainability goals but also reduce operational costs over time. Additionally, municipalities and local governments in Brazil are increasingly promoting green transportation options. This trend reflects a broader shift towards environmentally responsible practices in the truck leasing and rental sector.

Advanced Fleet Management and Telematics

Advanced fleet management and telematics solutions are rapidly gaining traction in the Brazil Truck Leasing & Rental Market. These technologies offer several benefits, including improved vehicle safety, route optimization, and better fuel efficiency. They also provide valuable insights into vehicle health, maintenance schedules, and driver behavior. Leasing and rental companies are incorporating telematics systems into their vehicles to enhance the services they offer to clients. These systems not only improve operational efficiency but also provide customers with real-time visibility into their leased or rented fleets, helping them make data-driven decisions. The adoption of advanced fleet management and telematics is expected to continue its upward trajectory in the market.

Rise of Short-Term Rentals and Flexibility

The demand for short-term rentals and flexibility in leasing terms is a growing trend in the Brazil Truck Leasing & Rental Market. Businesses are increasingly looking for solutions that allow them to scale their fleets up or down to meet varying demand. This is particularly relevant for seasonal businesses, event logistics, and construction projects. Short-term rentals provide the flexibility to meet these fluctuating needs without the long-term commitment of a lease. Leasing companies are responding by offering more versatile rental options with competitive pricing, ultimately enhancing their value proposition for customers. The ability to adapt to shifting market dynamics is a key driver of this trend.

Digitalization and Online Booking Platforms

The digitalization of business processes, including online booking platforms, is transforming the Brazil Truck Leasing & Rental Market. Companies are increasingly moving towards digital solutions for booking and managing their leased or rented fleets. These online platforms offer convenience, transparency, and accessibility for customers, enabling them to browse available vehicles, check pricing, and schedule rentals or leases with ease. Additionally, digital solutions allow for efficient fleet management, maintenance scheduling, and reporting. Customers can access real-time data and manage their accounts remotely, streamlining the administrative aspects of truck leasing and rental. The industry's growing adoption of digitalization reflects the broader trend of businesses leveraging technology for operational efficiency.

Segmental Insights

Truck Type Insights

The Brazil Truck Leasing & Rental market offers a diverse range of truck types, catering to a wide array of industrial and commercial requirements. From heavy-duty trucks designed for transporting large cargo to versatile medium-duty trucks suitable for various applications, there is a truck available to meet every specific need. Among these options, the light-duty trucks stand out for their exceptional agility and impressive fuel efficiency. These trucks are particularly favored by businesses for urban deliveries and small-scale transport operations.

With their exceptional maneuverability, light-duty trucks provide a cost-effective solution for navigating busy city streets and optimizing fuel consumption. Their compact design allows for easy maneuvering in tight spaces, making them ideal for crowded urban areas. Moreover, their fuel-efficient engines contribute to reducing operating costs and minimizing environmental impact.

Whether it's delivering goods to customers or transporting supplies within the city, light-duty trucks offer the perfect balance of performance, reliability, and cost-effectiveness. In addition to their practicality, these trucks are also known for their comfortable cabins and advanced safety features, ensuring a smooth and secure driving experience for the operators.

In summary, the Brazil Truck Leasing & Rental market not only provides a comprehensive range of truck options but also emphasizes the importance of light-duty trucks for urban deliveries and small-scale transport. With their agility, fuel efficiency, and overall cost-effectiveness, light-duty trucks are an ideal choice for businesses looking to optimize their operations and enhance their bottom line.

Moving up the spectrum, medium-duty trucks strike a balance between capacity and flexibility. These versatile vehicles are often leased by companies that need to transport moderately heavy goods, offering a reliable and efficient solution for various transportation needs. Whether it's delivering goods to retail stores or transporting equipment to construction sites, medium-duty trucks offer the versatility to handle a range of tasks.

On the other end of the spectrum, heavy-duty trucks serve as the backbone of long-haul transport and industrial logistics. Designed to handle substantial loads over extended distances, these trucks are extensively leased by businesses dealing with bulky and heavy goods. Their robust construction and powerful engines enable them to tackle challenging terrains and deliver goods reliably and efficiently, even over long distances.

By understanding the distinct characteristics and applications of these truck types, stakeholders in the Brazil truck leasing and rental market can make informed decisions to meet their specific needs. Whether it's choosing the right truck for urban deliveries or ensuring optimal capacity for long-haul transport, a comprehensive understanding of these options is crucial for success in this dynamic industry.


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Regional Insights

The truck leasing and rental market in Brazil exhibits diverse dynamics across its distinct regions, each influenced by a combination of economic activities, infrastructure development, and unique challenges. In the North region, encompassing states like Amazonas and Pará, the market is characterized by lower population density and limited industrialization compared to other regions. Here, demand for truck leasing and rental services often stems from activities such as logging, mining, and agricultural transport, albeit hindered by infrastructure challenges like remote locations and poorly maintained roads.

In Northeast region, which includes states such as Bahia and Pernambuco, the market landscape shifts to reflect a blend of agriculture, manufacturing, and tourism sectors. Seasonal variations, particularly in agricultural output, drive fluctuations in demand for truck services, with peak seasons coinciding with harvest times. Despite ongoing infrastructure improvements, such as road construction projects, the region's transportation network still faces challenges that influence logistics and service requirements.

In the Central-West region, comprising states like Mato Grosso and Goiás, the truck leasing and rental market thrives on the backbone of an agricultural powerhouse. This region's prominence in soybean, corn, and cattle production fuels consistent demand for transportation services, both domestically and for export purposes. Infrastructure investments play a pivotal role in facilitating the movement of goods, with well-maintained highways and ports serving as vital conduits for the trucking industry's operations. Turning attention to the Southeast region, encompassing economic hubs like São Paulo and Minas Gerais, the truck leasing and rental market reflects the vibrancy of Brazil's industrial heartland. Here, a diverse range of industries, including automotive, manufacturing, and logistics, drive robust demand for truck services. However, the region's urban centers grapple with significant traffic congestion, influencing preferences for smaller, more maneuverable vehicles to navigate crowded streets and meet delivery schedules.

Lastly, in the South region, comprising states such as Paraná and Santa Catarina, the market is characterized by a strong emphasis on agricultural production, manufacturing, and export-oriented activities. Truck leasing and rental services cater to the transportation needs of both agricultural commodities and industrial goods, with a focus on efficient routes to ports and distribution centers. Additionally, environmental considerations and sustainability initiatives drive demand for newer, more fuel-efficient trucks to align with regulatory requirements and industry standards. 

Recent Developments

  • In September 2021, Enterprise Holdings announced a partnership with Microsoft to equip the fleets of the former company's car rental, commercial truck, and exotic vehicle rental businesses in the US and soon, the UK and Canada, with connected car technology. Enterprise Holding anticipates that this partnership will enhance the modernized renting process.
  • The Enterprise Holdings affiliate disclosed an agreement to buy Walker Vehicle Rentals, a provider of commercial vehicle rentals, in October 2021. Enterprise has a foothold in the Irish market for commercial vehicle rentals, and the acquisition helped the company expand the variety and quality of the vehicles and services it offers to businesses.

Key Market Players

  • Enterprise Holdings, Inc.
  • Penske Truck Leasing Co.
  • Idealease, Inc.
  • Rush Enterprises, Inc.
  • Mendon Trucks Leasing and Rental
  • PACCAR Leasing Company
  • Ryder System, Inc.
  • Wyatt Leasing, LLC


By Truck Type

By Type

By Lease Type

By End User

By Region

  • Light Duty
  • Medium Duty
  • Heavy Duty
  • Lease
  • Rental
  • Financial
  • Operational
  • Third Party
  • Oil & Gas
  • FMCG
  • E-Commerce
  • Mining
  • Construction
  • Others
  • North
  • Northeast
  • Central-West
  • Southeast
  • South

 


Report Scope:

In this report, the Brazil Truck Leasing & Rental Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Brazil Truck Leasing & Rental Market, By Truck Type:   

o   Light Duty

o   Medium duty

o   Heavy duty

  • Brazil Truck Leasing & Rental Market, By Type:  

o   Lease

o   Rental

  • Brazil Truck Leasing & Rental Market, By Lease Type:  

o   Financial

o   Operational

o   Third Party

  • Brazil Truck Leasing & Rental Market, By End User:  

o   Oil & Gas

o   FMCG

o   E-Commerce

o   Mining

o   Construction

o   Others

  • Brazil Truck Leasing & Rental Market, By Region:   

o   North

o   Northeast

o   Central-West

o   Southeast

o   South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Brazil Truck Leasing & Rental Market.

Available Customizations:

Brazil Truck Leasing & Rental Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Brazil Truck Leasing & Rental Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.     Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Brazil Truck Leasing & Rental Market

5.    Voice of Customer Analysis

5.1.  Brand Awareness

5.2.  Brand Satisfaction

5.3.  Factors Affecting Purchase Decision

6.    Brazil Truck Leasing & Rental Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Truck Type Market Share Analysis (Light Duty, Medium Duty, Heavy Duty)

6.2.2.     By Type Market Share Analysis (Lease, Rental)

6.2.3.     By Lease Type Market Share Analysis (Financial, Operational, Third Party)

6.2.4.     By End User Market Share Analysis (Oil & Gas, FMCG, E-Commerce, Mining, Construction, Others)

6.2.5.     By Regional Market Share Analysis    

6.2.5.1.         North Market Share Analysis

6.2.5.2.         Northeast Market Share Analysis

6.2.5.3.         Central-West Market Share Analysis

6.2.5.4.         Southeast Market Share Analysis

6.2.5.5.         South Market Share Analysis  

6.2.6.     By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

6.3.  Brazil Truck Leasing & Rental Market Mapping & Opportunity Assessment

6.3.1.     By Truck Type Market Mapping & Opportunity Assessment

6.3.2.     By Type Market Mapping & Opportunity Assessment

6.3.3.     By Lease Type Market Mapping & Opportunity Assessment

6.3.4.     By End User Market Mapping & Opportunity Assessment

6.3.5.     By Regional Market Mapping & Opportunity Assessment

7.    Brazil Light Duty Truck Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type Market Share Analysis

7.2.2.     By Lease Type Market Share Analysis

7.2.3.     By End User Market Share Analysis

8.    Brazil Medium Duty Truck Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type Market Share Analysis

8.2.2.     By Lease Type Market Share Analysis

8.2.3.     By End User Market Share Analysis

9.    Brazil Heavy Duty Truck Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type Market Share Analysis

9.2.2.     By Lease Type Market Share Analysis

9.2.3.     By End User Market Share Analysis

10.  SWOT Analysis

10.1.            Strength

10.2.            Weakness

10.3.            Opportunities

10.4.            Threats

11.  Market Dynamics

11.1.            Market Drivers

11.2.            Market Challenges

12.  Market Trends and Developments

13.  Policy & Regulatory Landscape

14.  Brazil Economic Profile

15.  Competitive Landscape

15.1.            Company Profiles (Up to 10 Major Companies)

15.1.1.  Enterprise Holdings, Inc.

15.1.1.1.      Company Details

15.1.1.2.      Key Product Offered

15.1.1.3.      Recent Developments

15.1.1.4.      Key Management Personnel

15.1.2.  Penske Truck Leasing Co.

15.1.2.1.      Company Details

15.1.2.2.      Key Product Offered

15.1.2.3.      Recent Developments

15.1.2.4.      Key Management Personnel

15.1.3.  Rush Enterprises, Inc.

15.1.3.1.      Company Details

15.1.3.2.      Key Product Offered

15.1.3.3.      Recent Developments

15.1.3.4.      Key Management Personnel

15.1.4.   Idealease, Inc

15.1.4.1.      Company Details

15.1.4.2.      Key Product Offered

15.1.4.3.      Recent Developments

15.1.4.4.      Key Management Personnel

15.1.5.  Mendon Trucks Leasing and Rental

15.1.5.1.      Company Details

15.1.5.2.      Key Product Offered

15.1.5.3.      Recent Developments

15.1.5.4.      Key Management Personnel

15.1.6.  PACCAR Leasing Company   

15.1.6.1.      Company Details

15.1.6.2.      Key Product Offered

15.1.6.3.      Recent Developments

15.1.6.4.      Key Management Personnel

15.1.7.  Ryder System, Inc   

15.1.7.1.      Company Details

15.1.7.2.      Key Product Offered

15.1.7.3.      Recent Developments

15.1.7.4.      Key Management Personnel

15.1.8.  Wyatt Leasing, LLC.   

15.1.8.1.      Company Details

15.1.8.2.      Key Product Offered

15.1.8.3.      Recent Developments

15.1.8.4.      Key Management Personnel

16.  Strategic Recommendations

16.1.            Key Focus Areas

16.1.1.  Target Region

16.1.2.  Target By Truck Type  

16.1.3.  Target By Lease Type

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Brazil Truck Leasing & Rental Market was estimated to be USD 806.02 Million in 2023.

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In the Brazil Truck Leasing & Rental Market in 2023, the fastest growing segment in terms of lease type was Operational leasing. Operational leases have been highly preferred due to their cost-effective and flexibility nature. This type of lease allows businesses to utilize the latest truck models without the financial burden of ownership, which has fueled its popularity in the market.

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The Southeast region dominates the Brazil Truck Leasing & Rental Market. With a vast and developed economic infrastructure, the Southeast includes major industrial and commercial hubs like São Paulo and Rio de Janeiro. These cities generate substantial demand for truck leasing and rental services for transportation of goods, thus driving the market in this region.

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The Brazil Truck Leasing & Rental Market is primarily propelled by the nation's economic growth, which increases the demand for transportation and logistics services, making leasing and rental options attractive. Additionally, stringent regulatory requirements related to environmental and safety standards drive companies to opt for leasing or renting trucks, ensuring compliance while minimizing capital investments.

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Srishti Verma

Business Consultant
Press Release

Truck Leasing & Rental Market to Grow with a CAGR of 5.10% in Brazil through to 2029

Feb, 2024

Brazil economic growth, increasing the demand for transportation and logistics services, making leasing and rental options attractive, stringent regulatory requirements related to environmental and s