Keep on trucking: Rising demand from road freight transport firms is supporting growth

The Semitrailer and Truck Rental industry has a small but important role in the transport sector, helping transport firms meet short-term equipment requirements. Transport firms often rent semitrailers and trucks to cope with a spike in customer orders, or to meet the need for a vehicle outside the client's normal vehicle fleet. Rental equipment is also required for temporary replacement of fleet stock in response to vehicle breakdowns. Solid demand from the Road Freight Transport industry has supported the industry's performance over the past five years. However, the low cash rate and declining price of motor vehicles has constrained industry growth as numerous downstream industries choose to purchase rather than rent more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Solid demand from the Road Freight Transport industry has supported the industry's performance
  • The steady downward trend in motor vehicle prices has been a major obstacle to industry expansion
  • The industry’s long-term prospects will be constrained by falling motor vehicle prices
  • Industry Report - Industry Products Chapter

    The industry rents out semitrailers and trucks. These are categorised based on their specific purposes and number of axles. The price charged for trailers varies depending on the size and modifications of the trailers.Tri-axle trailersTri-axle trailers have three axles and tend to be the largest trailers. These may have six or 12 wheels depending on the designed load. This segment includes a range of trailer types, including skel trailers, extendable trailers, side loaders, low loaders, tippers and drop decks. This segment has grown as a share of revenue over the past five years, as tri-axle trailers have strengthened their market position for large haulage contracts, and long-distance intrastate and interstate services...purchase to read more.

    Additional Insights for the Semitrailer and Truck Rental Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Semitrailer and Truck Rental Industry are

  • Proximity to key markets
  • Having a wide and expanding product range
  • Ability to effectively manage debtors
  • IBISWorld analysts also discuss how external factors such as Demand from road freight transport and Total merchandise imports and exports in the Semitrailer and Truck Rental industry impact industry performance..

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    What's in this report

    What is the Semitrailer and Truck Rental Industry?

    Industry companies primarily rent out semitrailers and trucks without a driver, including prime movers, and tandem-axle and tri-axle trailers. The industry excludes companies primarily engaged in long-term leasing activities.

    Industry Products
  • Prime movers
  • Single- and tandem-axle trailers
  • Tri-axle trailers
  • Light and heavy rigid trucks
  • Industry Activities
  • Truck rental (without driver)
  • Semitrailer rental (without driver)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from road freight transport
  • Total merchandise imports and exports
  • Motor vehicle price index
  • Business confidence index

  • Current Performance
  • Increasing competition
  • Falling margins
  • Risk mitigation
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition growth
  • Tight profit margins
  • Causes for concern
  • Table: Semitrailer and Truck Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Semitrailer and Truck Rental Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Road Freight Transport

  • Key Selling Industries
  • Commercial Vehicle Wholesaling
  • Petroleum Product Wholesaling
  • Trailer and Caravan Dealers

  • Products & Services
  • Tri-axle trailers
  • Prime movers
  • Light and heavy rigid trucks
  • Single- and tandem-axle trailers
  • Chart: Semitrailer and Truck Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Intrastate freight
  • Interstate freight
  • Capital city freight
  • Chart: Major Market Segmentation for the Semitrailer and Truck Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Semitrailer and Truck Rental

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Semitrailer and Truck Rental Industry

  • Industry Globalization
    Rentco Transport Equipment Rentals Pty Ltd, ORIX Australia Corporation Limited,
  • Table: Rentco Transport Equipment Rentals Pty Ltd - financial performance
  • Table: ORIX Australia Corporation Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Semitrailer and Truck Rental Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Semitrailer and Truck Rental Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Articulated Truck
  • Vehicles primarily for load carrying, consisting of a prime mover and a turnable device that can be linked to one or more trailers.
  • Axle
  • A shaft that is fixed to the wheels and the body of the trailer.
  • Curtainsider
  • A flatbed truck or trailer with an upper-structure for mounting a tarpaulin system.
  • Global Positioning System (Gps)
  • A device that uses satellites to pinpoint its location.
  • Heavy Rigid Trucks
  • Rigid trucks with a gross vehicle mass greater than 4.5 tonnes.
  • Light Rigid Trucks
  • Rigid trucks with a gross vehicle mass greater than 3.5 tonnes but less than 4.5 tonnes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Semitrailer and Truck Rental market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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    This report on Semitrailer and Truck Rental:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Semitrailer and Truck Rental market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Semitrailer and Truck Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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