Industry Analysis & Industry Trends
The Semi-Trailer and Truck Rental industry has cruised through a growth period since the late 2000s, with some minor bumps along the road. The industry is expected to grow by 3.7% over the five years through 2014-15, climbing to $110.0 million, including a 4.0% growth in sales during the current year.
This growth stems from the increase in demand for total road freight services, partly due to increased volumes of merchandise imports and exports. This industry fulfils a small but important role within the transport sector, supplementing the fleet of transport firms to help meet short-term requirements... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low degree of market concentration with the four largest semi-trailer and truck rental companies together generating an estimated 31.6% of industry revenue in 2014-15.
The industry has a fragmented structure. The majority of the businesses are small, private enterprises serving only a particular geographic region. Several of the largest players operate their businesses across multiple locations, notably Orix Australia, Rentco, Krueger Group and KTEQ Rentals.
Economies of scale are difficult for operators to achieve due to the importance of proximity to their target markets. Operators are unable to store a large number of prime movers and trailers in one facility because that could create overcapacity for that particular region... purchase to read more