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2024 U.S. Industry Statistics & Market Forecast - Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing


Market Size & Industry Statistics

The total U.S. industry market size for Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Truck, Utility Trailer & RV Rental & Leasing industry is facing several key trends that are transforming the marketplace. One of the most significant trends is the impact of digital technology on the industry. As more customers seek to rent or lease equipment online, businesses are investing in digital platforms to meet their needs. The shift to online services has also led to an increase in mobile apps and other tools that allow customers to access information and manage their equipment more conveniently.

Another important trend is the rising demand for more sustainable and environmentally friendly equipment. As consumers become more concerned about the environment, businesses are looking for ways to offer more efficient and sustainable options for their customers. This has led to the development of new technologies and equipment that use less fuel, emit fewer emissions, and offer greater energy efficiency.

A third trend affecting the industry is the increasing focus on safety and compliance. As regulations become more stringent, businesses are investing in new technologies and training programs to ensure that their equipment is always up to code and meets all necessary safety standards.

Finally, the industry is also facing growing competition from new entrants, including companies offering alternative forms of transportation and equipment leasing options. As a result, businesses are exploring new niches and markets to remain competitive and expand their customer base.



Product & Services Breakdown

Research products and services in the Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Rental And Leasing Of Automobiles And Light Trucks

Leasing, Except Financial, Of Automobiles And Light Trucks

Rental And Leasing Of Heavy Trucks, Truck Trailers, And Buses

Rental Of Heavy Trucks, Truck Trailers, And Buses

Leasing, Except Financial, Of Heavy Trucks, Truck Trailers, And Buses

Rental And Leasing Of Motor Homes, Travel Trailers, Campers, And Utility Trailers

Automotive Equipment (Without Drivers) Rental And Leasing Related Services

Maintenance And Repair And Related Services For Automobiles, Trucks And Other Road Transportation Vehicles, And Motor Homes, Tra

Warranty Program

Other Services



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers4%
Sales and Related Occupations 36%
Retail Sales Workers 30%
Counter and Rental Clerks and Parts Salespersons 29%
Counter and Rental Clerks 29%
Office and Administrative Support Occupations 7%
Installation, Maintenance, and Repair Occupations 15%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 12%
Bus and Truck Mechanics and Diesel Engine Specialists 7%
Bus and Truck Mechanics and Diesel Engine Specialists 7%
Transportation and Material Moving Occupations 29%
Motor Vehicle Operators 11%
Driver/Sales Workers and Truck Drivers 7%
Material Moving Workers 15%
Laborers and Material Movers 14%
Cleaners of Vehicles and Equipment 11%
Source: Bureau of Labor Statistics


Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

  • Feb 27, 2024: TRIPLE J RENTALS GUAM INC (Tamuning, GU) awarded $66,150
  • Feb 23, 2024: GRANDE REMISE LOCATION (Paris, ILE-DE-FRA) awarded $22,129
  • Feb 22, 2024: VALLEY TRAILER & TRUCK LLC (Kuna, ID) awarded $28,000
  • Feb 22, 2024: HUB TRUCK RENTAL CORP. (Farmingdale, NY) awarded $434,299
  • Feb 16, 2024: VETERANS CHOICE SERVICES LLC (Anthem, AZ) awarded $145,125
  • Feb 15, 2024: GERMFREE LABORATORIES INCORPORATED (Ormond Beach, FL) awarded $684,870




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