Europe Medium and Heavy Duty Truck Rental Leasing Market Share

Market Share of Europe Medium and Heavy Duty Truck Rental Leasing Industry

Some prominent truck rental leasing service providers include Penske Truck Leasing Inc., Paccar Leasing GmbH, Fraikin, Tip Trailer Services Germany GmbH, Man Financial Services/euro-leasing, and others. The intensity of competition in the market studied is high, as truck rental firms, as well as truck OEMs that offer rental services, have been rigorously promoting their fleet management services to customers.

In April 2022, Free2move acquired the first metasearch for van and truck rental Comparateur-location-utilitaire.fr to expand and improve its rental services of commercial vehicles to private customers and B2B clients.

In April 2021, United Rentals Inc. signed an agreement to acquire General Finance Corporation for USD 19 per share in cash, representing a total enterprise value of approximately USD 996 million, including the assumption of USD 400 million net debt. This acquisition stabilizes its geographical presence by expanding rental services in the region.

Europe Medium & Heavy-Duty Truck Rental Market Leaders

1. Fraikin

2. Penske Truck Leasing

3. MAN Financial Services

4. Paccar Leasing GmbH

5. TIP Trailer Services Germany GmbH

*Disclaimer: Major Players sorted in no particular order