Report Description

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.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Lease Type

·         Truck Type

·         End Use Industry

·         Booking

·         Vehicle Type

Regional scope

East China, South-Central China, North China, South-West China, North-East China, North-West China

Key companies profiled

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

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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]  

Table of content

1.    Service Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Factors Influencing Decision Making

4.2.  Customer Satisfaction

4.3.  Brand Recall

5.    Impact of COVID-19 on China Truck Leasing and Rental Market

6.    China Truck Market Overview

7.    China Truck Leasing & Rental Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  China Truck Leasing & Rental Market Fleet Size (By Volume)

7.2.1.1.         Lease

7.2.1.2.         Rental

7.3.  Market Share & Forecast

7.3.1.     By Type (Lease, Rental)

7.3.2.     By Lease Type (Financial Lease, Full Service/Operational Lease, Third Party Lease)

7.3.3.     By Truck Type (Light Duty, Heavy Duty, Medium Duty)

7.3.4.     By End Use Industry (Oil & Gas, FMCG, E-Commerce, Mining, Construction, Others)

7.3.5.     By Booking (Online, Offline)

7.3.6.     By Vehicle Type (Fully Build, Customizable)

7.3.7.     By Region (Western Region, Northern and Central Region, Eastern Region, Southern Region)

7.3.8.     By Company (2021)

7.4.  Market Map (By Lease Type, By Truck Type, By Application, By Booking, By Region)

8.    China Light Duty Truck Leasing & Rental Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  China Light Duty Truck Leasing & Rental Market Fleet Size (By Volume)

8.2.1.1.         Lease

8.2.1.2.         Rental

8.3.  Market Share & Forecast

8.3.1.     By Type

8.3.2.     By Lease Type

8.3.3.     By End Use Industry

8.3.4.     By Booking

8.3.5.     By Vehicle Type

9.    China Medium Duty Truck Leasing & Rental Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  China Medium Duty Truck Leasing & Rental Market Fleet Size (By Volume)

9.2.1.1.         Lease

9.2.1.2.         Rental

9.3.  Market Share & Forecast

9.3.1.     By Type

9.3.2.     By Lease Type

9.3.3.     By End Use Industry

9.3.4.     By Booking

9.3.5.     By Vehicle Type

10.  China Heavy Duty Truck Leasing & Rental Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              China Heavy Duty Truck Leasing & Rental Market Fleet Size (By Volume)

10.2.1.1.      Lease

10.2.1.2.      Rental

10.3.              Market Share & Forecast

10.3.1.  By Type

10.3.2.  By Lease Type

10.3.3.  By End Use Industry

10.3.4.  By Booking

10.3.5.  By Vehicle Type

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends and Developments

13.  Policy and Regulatory Landscape

14.  China Economic Profile

15.  Competitive Landscape

15.1.              Diversified Truck Leasing.

15.2.              Valley Truck Leasing Inc.

15.3.              Idealease, Inc.

15.4.              Tricon Leasing Group L.L.C.

15.5.              TruckRental.WS

15.6.              Aim Transportation Solutions

15.7.              Airoldi Brothers

15.8.              Kris Way Truck Leasing

15.9.              TruckRental.WS

15.10.            UPack

16.  Strategic Recommendations

                                                                                       (Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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China truck leasing & rental market is anticipated to grow with an impressive CAGR during the forecast period, 2023-2027, due to surging demands for better transportation services and growing freight movement from various end use industries.

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Based on vehicle type, the market is segmented into fully build and customizable. Fully build segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to higher demands from the freight movement and growing transportation demands in the country.

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Being responsible for the due growth of the market, some of the leading players of the China truck leasing & rental market were 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.

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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Srishti Verma

Business Consultant
Press Release

China Truck Leasing & Rental Market May Grow With Rising Concerns Toward Environment

Sep, 2022

The China Truck Leasing & Rental Market may register growth with higher freight movement service demands in the future years.