• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    UK Truck Rental Market

    ID: MRFR/AM/44197-HCR
    128 Pages
    Sejal Akre
    September 2025

    UK Truck Rental Market Research Report By Truck Type (Heavy Commercial Vehicle, Light Commercial Vehicle) and By Lease Type (Finance Lease, Full-Service Lease)- Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    UK Truck Rental Market Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    UK Truck Rental Market Summary

    The United Kingdom truck rental market is projected to experience substantial growth, reaching 16.0 USD billion by 2035.

    Key Market Trends & Highlights

    UK Truck Rental Key Trends and Highlights

    • The market valuation is estimated at 6.57 USD billion in 2024, indicating a robust starting point for growth.
    • From 2025 to 2035, the market is expected to grow at a compound annual growth rate (CAGR) of 8.45%.
    • By 2035, the truck rental market in the UK is anticipated to expand to 16.0 USD billion, reflecting increasing demand.
    • Growing adoption of technology due to the need for efficient logistics management is a major market driver.

    Market Size & Forecast

    2024 Market Size 6.57 (USD Billion)
    2035 Market Size 16.0 (USD Billion)
    CAGR (2025-2035) 8.45%

    Major Players

    Hertz, Thrifty Car Rental, Ryder, Penske, Enterprise Rent-A-Car, Ashtead Group, Northgate Vehicle Hire, BRS Limited, Sixt, Europcar, DHL, City Rent a Car, Nationwide Hire, Avis Budget Group, Loxam

    UK Truck Rental Market Trends

    The UK Truck Rental Market is witnessing noteworthy trends driven by multiple factors. One significant driver is the rising demand for logistics and transportation services, fueled by the growth of e-commerce and changing consumer behavior. Businesses in the UK are increasingly opting for truck rentals to handle fluctuating delivery demands without committing to long-term vehicle investments.

    This shift allows companies to remain agile and respond quickly to market needs. Furthermore, environmental regulations and sustainability concerns are pushing the market towards embracing more fuel-efficient and electric vehicles within rental fleets. This change aligns with government initiatives aimed at reducing carbon emissions, such as targets set in the UK’s Environment Act, encouraging rental companies to adapt their offerings to meet these regulations.

    Mobile applications and online platforms are becoming more popular for reservations and fleet management, which signifies the digitization of the rental process. These technological developments enhance customer and operational convenience. There are prospects of growth in specialized truck rentals in particular sectors like construction, which have demand for custom-fit vehicles. Flexible rental options lead to new possibilities for payment methods that suit different businesses and pay-per-use models. Furthermore, as towns in the UK are adopting more stringent access measures, there is also an opportunity for these rental firms to help businesses with these bypasses.

    Overall, the UK Truck Rental Market is evolving, driven by the need for flexibility, sustainability, and technology-driven improvements.

    Market Segment Insights

    UK Truck Rental Market Segment Insights:

    UK Truck Rental Market Segment Insights:

    Truck Rental Market Truck Type Insights

    Truck Rental Market Truck Type Insights

    The UK Truck Rental Market, particularly within the Truck Type segment, has been evolving as businesses increasingly seek to optimize their logistics and supply chain operations. The division includes key categories such as Heavy Commercial Vehicles and Light Commercial Vehicles, each catering to distinct operational needs across various industries. Heavy Commercial Vehicles are often utilized in industries like construction and logistics, where large load capacities are required. Their prominent role in the transportation of bulk goods significantly impacts the overall efficiency of supply chains.

    On the other hand, Light Commercial Vehicles serve a diverse array of applications, particularly in urban settings, where maneuverability and load flexibility are crucial. The increasing demand for eco-friendly transport means that companies are more inclined to choose lighter vehicles that can reduce fuel consumption and emissions.

    Market growth in the UK is being further propelled by the rise of e-commerce, which has heightened the demand for efficient and timely deliveries. Factors such as the adoption of technology, like telematics in fleet management, are enhancing operational efficiency providing businesses a competitive edge. However, challenges exist, particularly in maintaining vehicle compliance with the stringent environmental regulations set forth by the UK government and adapting to the fluctuating landscape of logistics demands.

    The importance of the Truck Type segment is underscored by its robust growth trajectory, with both Heavy and Light Commercial Vehicles contributing significantly to the evolving rental landscape. The increasing reliance on these vehicles within various sectors makes them indispensable in addressing the logistics needs of the UK economy.

    Truck Rental Market Lease Type Insights

    Truck Rental Market Lease Type Insights

    The Lease Type segment of the UK Truck Rental Market has evolved significantly, driven by the growing demand for flexible and cost-effective transportation solutions among businesses. Within this segment, Finance Lease and Full-Service Lease represent two notable classifications. Finance Lease allows companies to acquire trucks while spreading out the payment over time, making it appealing for those looking to manage cash flow effectively. This option is particularly favored by companies aiming to bolster their operational capabilities without substantial upfront costs.

    Conversely, Full-Service Lease offers an all-inclusive package that encompasses maintenance and support, addressing the increasing need for hassle-free transportation management. This type of lease is popular among businesses seeking to optimize their fleets, streamline operations, and reduce unforeseen expenses. The trend towards e-commerce and logistics expansion in the UK further underscores the importance of these leasing options as businesses strive to enhance their fleet efficiency and adaptability.

    With the market growth expected to continue, the Lease Type segment plays a crucial role in shaping the overall dynamics of the UK Truck Rental Market, providing essential solutions tailored to diverse operational needs.

    Get more detailed insights about UK Truck Rental Market Research Report – Global Forecast till 2035

    Key Players and Competitive Insights

    The UK Truck Rental Market is characterized by its dynamic nature, driven by a diverse range of competitors, varying service offerings, and evolving customer demands. The landscape comprises several established players and emerging organizations, each vying for market share through innovative business strategies, competitive pricing, and tailored customer experiences. Growing logistical needs, coupled with an increasing reliance on rental services for both short-term and long-term requirements, create an environment rife with opportunities and challenges.

    These factors influence rental fleet compositions, the introduction of advanced technologies, and the overall approach to service delivery in a landscape where sustainability and efficiency are paramount.

    Hertz has carved a strong niche within the UK Truck Rental Market, offering a broad selection of vehicles that cater to diverse customer needs, ranging from light to heavy-duty trucks. The company's extensive branch network across the UK provides a strategic advantage, ensuring accessibility for customers in urban and rural areas alike. Hertz's commitment to high-quality service is evident in its well-maintained fleet, robust customer support, and flexible rental terms designed to meet varying requirements.

    Furthermore, Hertz effectively leverages technology to enhance the rental experience, introducing online booking platforms and telematics to provide real-time vehicle tracking, which adds tremendous value for both commercial and individual clients. The combination of a reliable reputation and a user-friendly interface sets Hertz apart within this competitive sector.

    Thrifty Car Rental holds a significant presence in the UK Truck Rental Market, known for its diverse range of trucks and vans available for rental. The company provides key services such as one-way rentals and long-term contracts tailored to meet the logistics needs of businesses and individuals alike. Showcasing a customer-centric approach, Thrifty emphasizes transparency in pricing and has made notable strides in incorporating sustainable practices into its operations. The company has established notable partnerships and has engaged in strategic mergers and acquisitions to strengthen its market position.

    By enhancing service offerings and expanding its rental fleet, Thrifty aims to provide a reliable and efficient solution to its clients, making it a compelling choice in the competitive landscape of UK truck rentals. Their presence is reinforced by strong brand recognition and a focus on adaptability to changing market demands, ensuring they remain a formidable contender within this vibrant sector.

    Key Companies in the UK Truck Rental Market market include

    Industry Developments

    In recent months, the UK Truck Rental Market has witnessed significant developments spurred by transformational shifts in logistics and transportation needs. Companies like Hertz, Ryder, and Enterprise Rent-A-Car are actively navigating the evolving market dynamics amid growing demand for light and heavy-duty rental vehicles. Notably, in August 2023, Ryder announced the expansion of its fleet, with an increase in low-emission vehicle options to align with sustainability commitments. Similarly, Europcar has adapted its offerings to cater to an increasing emphasis on green transport solutions, enhancing customer appeal.

    In October 2023, Northgate Vehicle Hire reported a substantial rise in market valuation, attributing this growth to the growing e-commerce sector and heightened demand for flexible transport solutions, affecting rental agreements positively. There have been no recent mergers or acquisitions among the specified companies, which keeps the competitive landscape stable. Over the last 2-3 years, the market has also seen a gradual increase in rental rates attributed to supply chain challenges and enhanced safety measures post-pandemic, impacting operational capacities for firms like DHL and Ashtead Group.

    This evolving context outlines the UK Truck Rental Market's adaptation in response to changing consumer behaviors and regulatory pushes towards sustainability.

    Market Segmentation

    Outlook

    • Finance Lease
    • Full-Service Lease

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 5.95 (USD Billion)
    MARKET SIZE 2024 6.57 (USD Billion)
    MARKET SIZE 2035 16.04 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 8.458% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Hertz, Thrifty Car Rental, Ryder, Penske, Enterprise RentACar, Ashtead Group, Northgate Vehicle Hire, BRS Limited, Sixt, Europcar, DHL, City Rent a Car, Nationwide Hire, Avis Budget Group, Loxam
    SEGMENTS COVERED Truck Type, Lease Type
    KEY MARKET OPPORTUNITIES Growing demand for last-mile delivery, Expansion in e-commerce logistics, Adoption of electric trucks, Short-term rental services surge, Increased urbanization and infrastructure projects
    KEY MARKET DYNAMICS increased demand for logistics, growing e-commerce sector, rising fuel costs, environmental regulations impact, technology adoption among operators
    COUNTRIES COVERED UK

    FAQs

    What is the expected market size of the UK Truck Rental Market in 2024?

    The UK Truck Rental Market is expected to be valued at 6.57 billion USD in 2024.

    What is the projected market size for the UK Truck Rental Market by 2035?

    By 2035, the UK Truck Rental Market is projected to reach a value of 16.04 billion USD.

    What is the expected compound annual growth rate (CAGR) for the UK Truck Rental Market from 2025 to 2035?

    The expected CAGR for the UK Truck Rental Market from 2025 to 2035 is 8.458%.

    What is the market size of the Heavy Commercial Vehicle segment in 2024?

    The Heavy Commercial Vehicle segment of the UK Truck Rental Market is valued at 4.0 billion USD in 2024.

    How much is the Light Commercial Vehicle segment expected to be valued at in 2035?

    The Light Commercial Vehicle segment is expected to be valued at 6.54 billion USD by 2035.

    Who are some key players in the UK Truck Rental Market?

    Major players in the UK Truck Rental Market include Hertz, Ryder, Penske, and Europcar.

    What is the market size for Heavy Commercial Vehicles by 2035?

    The market size for Heavy Commercial Vehicles is projected to be 9.5 billion USD by 2035.

    What are the growth drivers for the UK Truck Rental Market?

    Key growth drivers for the UK Truck Rental Market include increasing demand for logistics and transportation services.

    What challenges does the UK Truck Rental Market currently face?

    Current challenges include regulatory pressures and competition among rental service providers.

    What are the anticipated applications of truck rentals in the UK market?

    Anticipated applications of truck rentals in the UK include logistics, construction, and moving services.

    UK Truck Rental Market Research Report – Global Forecast till 2035 Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study
    Chemicals and Materials