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Truck Rental in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck Rental in Canada Market Research Report | NAICS 53212CA | Sep 2016

Stuck in traffic: Revenue will temporarily decline due to persisting concerns of a housing bubble

The Truck Rental market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
2.4%
Annual Growth 16-21
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Profit
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Employment
7,669
Businesses
1,246
Industry Analysis & Industry Trends

Although demand for truck rentals and leases waxed and waned, the industry received an overall net increase in demand over the five years to 2015. Increasing emissions and fuel-efficiency regulations are anticipated to drive demand from the commercial market moving forward. Regulation aimed at lowering emissions from long-haul tractor-trailers and large pickup trucks will require downstream customers to either purchase or lease new vehicles. IBISWorld expects that the majority of companies to lease trucks from industry operators as downstream fleet operators seek more predictability and flexibility in their cost structures... purchase to read more

Industry Report - Industry Locations Chapter

The industry is generally spread according to share of population. Industry operators locate themselves close to businesses and consumers because these businesses and consumers alike have a predilection toward renting and leasing from operators in close proximity to them. The highest proportion of industry sales are completed in Ontario, according to data sourced from Statistics Canada. With a population of more than 35.0 million dispersed over a large geographic area, the majority of the Canadian population tends to live in the southern part of the country, which is also the home to the top ten largest cities in Canada. For example, about 62.0% of the Canadian population lives in the provinces of Quebec and Ontario. Con.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Truck Rental Industry?

This industry primarily rents or leases trucks, truck tractors, utility trailers, semitrailers, recreational vehicles (RVs) and buses without drivers. Vehicle retailing activity is excluded from this industry. Companies that rent or lease industrial trucks and equipment, such as forklifts, are covered in the Industrial Equipment Rental and Leasing industry (IBISWorld report 53249CA).

Industry Products
Truck leases and rentalsTractor leases and rentalsTrailer leases and rentalsOther leases, rentals and services
 
Industry Activities
Renting trucks, truck tractors, buses, RVs, utility trailers and semitrailersLeasing trucks, truck tractors, buses, RVs, utility trailers and semitrailers


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