China Truck Leasing & Rental Market By Type (Lease, Rental), By Lease Type (Financial Lease, Full Service/Operational Lease, Third Party Lease), By Truck Type (Light Duty, Heavy Duty, Medium Duty), By End Use Industry (Oil & Gas, FMCG, E-Commerce, Mining, Construction, Others), By Booking (Online, Offline), By Vehicle Type (Fully Build, Customizable), By Region, Competition Forecast & Opportunities, 2027

China truck leasing & rental market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027. The market growth can be attributed to expansion of automotive industry in the country. Rapidly expanding demands for the trucks and other commercial vehicle, coupled with surging investment in the manufacturing and distribution further drives the growth of the China truck leasing & rental market in the upcoming five years. Surge in the demand for freight movements and logistic transportation from various end use industries such as consumer goods, automotive and construction industry, also supports the growth of the China truck leasing & rental market in the next fie years. Pandemic conditions had disturbed the transportation sector drastically. Although reinstatement of the sector along with strict regulation followed, further aided the growth of the China truck leasing & rental market in the future five years.

Truck leasing and rental services are business to business kind of services as well as utilized for various business to consumer services too. The commercial vehicles like trucks are highly in demand for the movement of consumer goods as well as personal belongings of the consumer in case of relocation of the consumer. The services include financial lease, full service/operational lease, and third party lease.

Higher Sales of Trucks Drive Market Growth

Higher sales of trucks and other commercial vehicles affect the growth of the China truck leasing & rental market in the upcoming five years. Rising concerns regarding increasing pollution due to excessive trucks on roads, actively supports the growth of the China truck leasing & rental market in the future years. Higher number of trucks on road signifies worse conditions of the environment. Exhaustive emissions and norms regarding the same has restricted purchase of new trucks in the future years. In 2021, around 3809.40 thousand units of trucks were sold in China.

The government is actively promoting the adoption of rental services to avoid increasing number of trucks and logistics vehicle on road. Increasing concerns over pollution levels and degrading environment coupled with stringent regulations from the government regarding emission of the toxic exhausts of the vehicles further substantiates the growth of the China tuck leasing & rental market in the future five years.

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Market Segmentation

The China truck leasing & rental market is segmented by type, lease type, truck type, end use industry, booking, vehicle type, competitional landscape, and regional distribution. Based on type, the market is differentiated between lease and rental. By lease type, the market is bifurcated into financial lease, full service/operational lease, and third party lease. Based on truck type, the market is fragmented into light duty, heavy duty, and medium duty. By end use industry, the market is further segmented into oil & gas, FMCG, e-commerce, mining, construction, and others. Based on booking, the market is distinguished between online and offline. By vehicle type, the market is differentiated into fully build and customizable. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among East China, South-Central China, North China, South-West China, North-East China, North-West China.

Company Profile

Diversified Truck Leasing, Valley Truck Leasing Inc., Idealease, Inc., Tricon Leasing Group L.L.C., TruckRental.WS, Aim Transportation Solutions, Airoldi Brothers, Kris Way Truck Leasing, TruckRental.WS, UPack, among others is a partial list of major market players of the companies responsible for the growth of China truck leasing & rental market.

Report Scope:

In this report, China truck leasing & rental market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• China Truck Leasing & Rental Market, By Type:
• Lease
• Rental
• China Truck Leasing & Rental Market, By Lease Type:
• Financial Lease
• Full Service/Operational Lease
• Third Party Lease
• China Truck Leasing & Rental Market, By Truck Type:
• Light Duty
• Heavy Duty
• Medium Duty
• China Truck Leasing & Rental Market, By End Use Industry:
• Oil & Gas
• FMCG
• E-Commerce
• Mining
• Construction
• Others
• China Truck Leasing & Rental Market, By Booking:
• Online
• Offline
• China Truck Leasing & Rental Market, By Vehicle Type:
• Fully Build
• Customizable
• China Truck Leasing & Rental Market, By Region:

o   East China

o   South-Central China

o   North China

o   South-West China

o   North-East China

o   North-West China

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in China truck leasing & rental market.

Available Customizations:

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).

China 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]