Trailer Leasing Market Scope
A trailer Leasing is A trailer rental agreement or a rental agreement, is a legal contract between an Owner and a renter that governs the borrowing of a trailer. It ensures that both the Owner and the renter are aware of their rights and obligations under the lease. This document contains all of the terms and conditions for renting the trailer. It will define the trailer to be rented as well as the renter's and Owner's responsibilities to confirm that both parties receive fair compensation in terms of the trailer and the rent paid. A lease is a legally binding contract in which one party agrees to rent property owned by another party.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Compass trailer lease (United States), Wyatt Leasing (United States), Xtra Lease (United States), Ryder (United States), Ideal Lease (United States), Premier Trailer Leasing (United States), Chicago Trailer Pool Corporation (United States), Bowman Trailer Leasing (United States), Nationwide Haul (United States) and PLM Trailer Leasing (United States) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Trailer Leasing market throughout the predicted period.
Compass trailer lease (United States), Wyatt Leasing (United States), Xtra Lease (United States), Ryder (United States), Ideal Lease (United States), Premier Trailer Leasing (United States), Chicago Trailer Pool Corporation (United States), Bowman Trailer Leasing (United States), Nationwide Haul (United States) and PLM Trailer Leasing (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Trailcon Leasing (United States), Star Leasing (United States) and McKinney Trailer Leasing (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Trailer Leasing market by Type (Short Term Leasing and Long Term Leasing), by Application (Commercial Use and Personal Use) and Region with country level break-up.
On the basis of geography, the market of Trailer Leasing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On April 25 2022 TIP Trailer Services to Acquire the Trailer Leasing and Maintenance Business of Ryder Ltd. TIP will participate the Ryder assets and contracts into its existing business. Many of the maintenance services employees are mobile technicians, who will enhance TIP’s maintenance and repair capabilities. TIP is well positioned to capture the merging opportunities in a fragmented trailer leasing market and achieve operational collaborations through economies of scale. TIP is one of Europe and Canada’s leading equipment service providers, specializing in trailer leasing, rental, maintenance and repair, as well as other value-added services and provides these to transportation and logistics customers across Europe and Canada.
On 22 February 2022 Ryder Expands Vehicle Sharing Platform, Launches COOP globally. Customers will now have access to more than 50,000 trailers based on availability through COOP and its network of third-party trailer partners. While COOP will continue to focus on high-density transportation markets, businesses can now use the platform to list and rent vehicles. Businesses can find relief from the industry's persistent driver and equipment shortages By COOP.
Trailer Leasing Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Vehicles Electrification Is Expected Positively Influence Growth of The Market
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Key Restraints | - Cost and Difficulties Can Hammer Growth of The Market
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Challenges | - Transportation of Equipment Is Little Risky
- Maintaining Leasing Services Area Vise
- Bank Credit Challenge Facing Trailer Leasing Company
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Market Opportunities | - The Increasing Number of Startup Business
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Key Target Audience
Startup Business, Transport Business, Vendor and Supplier, Government Bodies and Corporate Bodies