SIC 7513 - Truck Rental And Leasing, Without Drivers
Establishments primarily engaged in short-term rental or extended-term leasing (with or without maintenance) of trucks, truck tractors, or semitrailers without drivers. Establishments primarily engaged in finance leasing of trucks are classified in Finance, Industry 6159; those renting trucks with drivers are classified in Transportation, Industry Group 421; and those primarily engaged in renting and leasing, except finance leasing, of industrial trucks are classified in Industry 7359.
Industry trends:
The truck rental and leasing industry without drivers, categorized under NAICS 7513, has seen significant changes influenced by several key qualitative trends. One prominent trend is the rising demand for flexible rental solutions. Businesses are increasingly seeking short-term leases that allow them to adapt quickly to fluctuating market conditions. This flexibility helps companies manage operational costs more efficiently, especially in uncertain economic climates.
Another notable trend is the integration of advanced telematics and fleet management technologies. These technologies enable rental companies to offer enhanced services, including real-time tracking, maintenance alerts, and optimized route planning, adding value for customers who prioritize operational efficiency and vehicle safety.
Sustainability has also become a driving force in the industry. With growing environmental concerns, there's a push towards eco-friendly options such as electric and hybrid trucks. Companies are investing in green technologies to appeal to environmentally conscious customers and comply with tightening emission regulations.
Looking towards the near future, we can expect these trends to continue shaping the industry. The demand for flexible rental terms is likely to grow as economic uncertainty persists. The adoption of telematics will continue to expand, driven by advances in technology and customer demand for data-driven insights. Additionally, the transition to greener fleets will accelerate, supported by both regulatory pressure and a growing emphasis on corporate sustainability.
This industry is comprised of:
Truck leasing, except industrial trucks and finance leasing: without
Truck rental, except industrial: without drivers
This report includes the ability to segment your Industry by:
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- Employees
- Net Sales
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- Total Assets
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