Selected research
Industry Research
Medium and Heavy Duty Truck Leasing Industry Research Report 2026
Market perspective
The global Medium and Heavy Duty Truck Leasing market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Medium and Heavy Duty Truck Leasing market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Medium and Heavy Duty Truck Leasing market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Medium and Heavy Duty Truck Leasing market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Medium and Heavy Duty Truck Leasing include Paccar, Penske, Ryder, The Larson Group, Mendon Truck Leasing and Rental, Kris-Way Truck Leasing, TEC EquipmentInc, DeCarolis Truck Rental and PEMA GmbH, among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Medium and Heavy Duty Truck Leasing market in terms of revenue (US$ million) and, where applicable, service volume (k units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Medium and Heavy Duty Truck Leasing.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Medium and Heavy Duty Truck Leasing Market by Company
Paccar
Penske
Ryder
The Larson Group
Mendon Truck Leasing and Rental
Kris-Way Truck Leasing
TEC EquipmentInc
DeCarolis Truck Rental
PEMA GmbH
Hertz
U-Haul
PacLease
Brown Nationalease
IdeaLease
Premier Trailer Leasing
Compass Trailer Leasing
Leroy Holding Company
MHC Kenworth
Medium and Heavy Duty Truck Leasing Segment by Type
Medium Truck
Heavy Duty Truck
Medium and Heavy Duty Truck Leasing Segment by Application
Personal
Enterprise
Medium and Heavy Duty Truck Leasing Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Medium and Heavy Duty Truck Leasing market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Medium and Heavy Duty Truck Leasing and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Medium and Heavy Duty Truck Leasing.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Medium and Heavy Duty Truck Leasing companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Medium Truck
- Heavy Duty Truck
Applications
- Personal
- Enterprise
Companies covered
- Paccar
- Penske
- Ryder
- The Larson Group
- Mendon Truck Leasing and Rental
- Kris-Way Truck Leasing
- TEC EquipmentInc
- DeCarolis Truck Rental
- PEMA GmbH
- Hertz
- U-Haul
- PacLease
- Brown Nationalease
- IdeaLease
- Premier Trailer Leasing
- Compass Trailer Leasing
- Leroy Holding Company
- MHC Kenworth
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Medium and Heavy Duty Truck Leasing by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Medium Truck
- 2.2.3 Heavy Duty Truck
- 2.3 Medium and Heavy Duty Truck Leasing by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Personal
- 2.3.3 Enterprise
- 2.4 Assumptions and Limitations
3 Medium and Heavy Duty Truck Leasing Breakdown Data by Type
- 3.1 Global Medium and Heavy Duty Truck Leasing Historic Market Size by Type (2021-2026)
- 3.2 Global Medium and Heavy Duty Truck Leasing Forecasted Market Size by Type (2027-2032)
4 Medium and Heavy Duty Truck Leasing Breakdown Data by Application
- 4.1 Global Medium and Heavy Duty Truck Leasing Historic Market Size by Application (2021-2026)
- 4.2 Global Medium and Heavy Duty Truck Leasing Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Medium and Heavy Duty Truck Leasing Market Perspective (2021-2032)
- 5.2 Global Medium and Heavy Duty Truck Leasing Growth Trends by Region
- 5.2.1 Global Medium and Heavy Duty Truck Leasing Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Medium and Heavy Duty Truck Leasing Historic Market Size by Region (2021-2026)
- 5.2.3 Medium and Heavy Duty Truck Leasing Forecasted Market Size by Region (2027-2032)
- 5.3 Medium and Heavy Duty Truck Leasing Market Dynamics
- 5.3.1 Medium and Heavy Duty Truck Leasing Industry Trends
- 5.3.2 Medium and Heavy Duty Truck Leasing Market Drivers
- 5.3.3 Medium and Heavy Duty Truck Leasing Market Challenges
- 5.3.4 Medium and Heavy Duty Truck Leasing Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Medium and Heavy Duty Truck Leasing Players by Revenue
- 6.1.1 Global Top Medium and Heavy Duty Truck Leasing Players by Revenue (2021-2026)
- 6.1.2 Global Medium and Heavy Duty Truck Leasing Revenue Market Share by Players (2021-2026)
- 6.2 Global Medium and Heavy Duty Truck Leasing Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Medium and Heavy Duty Truck Leasing Head Office and Area Served
- 6.4 Global Medium and Heavy Duty Truck Leasing Players, Product Type & Application
- 6.5 Global Medium and Heavy Duty Truck Leasing Manufacturers Established Date
- 6.6 Global Medium and Heavy Duty Truck Leasing Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Medium and Heavy Duty Truck Leasing Market Size (2021-2032)
- 7.2 North America Medium and Heavy Duty Truck Leasing Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Medium and Heavy Duty Truck Leasing Market Size by Country (2021-2026)
- 7.4 North America Medium and Heavy Duty Truck Leasing Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Medium and Heavy Duty Truck Leasing Market Size (2021-2032)
- 8.2 Europe Medium and Heavy Duty Truck Leasing Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Medium and Heavy Duty Truck Leasing Market Size by Country (2021-2026)
- 8.4 Europe Medium and Heavy Duty Truck Leasing Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Medium and Heavy Duty Truck Leasing Market Size (2021-2032)
- 9.2 Asia-Pacific Medium and Heavy Duty Truck Leasing Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Medium and Heavy Duty Truck Leasing Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Medium and Heavy Duty Truck Leasing Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Medium and Heavy Duty Truck Leasing Market Size (2021-2032)
- 10.2 South America Medium and Heavy Duty Truck Leasing Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Medium and Heavy Duty Truck Leasing Market Size by Country (2021-2026)
- 10.4 South America Medium and Heavy Duty Truck Leasing Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Medium and Heavy Duty Truck Leasing Market Size (2021-2032)
- 11.2 Middle East & Africa Medium and Heavy Duty Truck Leasing Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Medium and Heavy Duty Truck Leasing Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Medium and Heavy Duty Truck Leasing Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 Paccar
- 12.1.1 Paccar Company Information
- 12.1.2 Paccar Business Overview
- 12.1.3 Paccar Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.1.4 Paccar Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.1.5 Paccar Recent Developments
- 12.2 Penske
- 12.2.1 Penske Company Information
- 12.2.2 Penske Business Overview
- 12.2.3 Penske Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.2.4 Penske Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.2.5 Penske Recent Developments
- 12.3 Ryder
- 12.3.1 Ryder Company Information
- 12.3.2 Ryder Business Overview
- 12.3.3 Ryder Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.3.4 Ryder Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.3.5 Ryder Recent Developments
- 12.4 The Larson Group
- 12.4.1 The Larson Group Company Information
- 12.4.2 The Larson Group Business Overview
- 12.4.3 The Larson Group Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.4.4 The Larson Group Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.4.5 The Larson Group Recent Developments
- 12.5 Mendon Truck Leasing and Rental
- 12.5.1 Mendon Truck Leasing and Rental Company Information
- 12.5.2 Mendon Truck Leasing and Rental Business Overview
- 12.5.3 Mendon Truck Leasing and Rental Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.5.4 Mendon Truck Leasing and Rental Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.5.5 Mendon Truck Leasing and Rental Recent Developments
- 12.6 Kris-Way Truck Leasing
- 12.6.1 Kris-Way Truck Leasing Company Information
- 12.6.2 Kris-Way Truck Leasing Business Overview
- 12.6.3 Kris-Way Truck Leasing Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.6.4 Kris-Way Truck Leasing Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.6.5 Kris-Way Truck Leasing Recent Developments
- 12.7 TEC EquipmentInc
- 12.7.1 TEC EquipmentInc Company Information
- 12.7.2 TEC EquipmentInc Business Overview
- 12.7.3 TEC EquipmentInc Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.7.4 TEC EquipmentInc Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.7.5 TEC EquipmentInc Recent Developments
- 12.8 DeCarolis Truck Rental
- 12.8.1 DeCarolis Truck Rental Company Information
- 12.8.2 DeCarolis Truck Rental Business Overview
- 12.8.3 DeCarolis Truck Rental Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.8.4 DeCarolis Truck Rental Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.8.5 DeCarolis Truck Rental Recent Developments
- 12.9 PEMA GmbH
- 12.9.1 PEMA GmbH Company Information
- 12.9.2 PEMA GmbH Business Overview
- 12.9.3 PEMA GmbH Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.9.4 PEMA GmbH Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.9.5 PEMA GmbH Recent Developments
- 12.10 Hertz
- 12.10.1 Hertz Company Information
- 12.10.2 Hertz Business Overview
- 12.10.3 Hertz Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.10.4 Hertz Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.10.5 Hertz Recent Developments
- 12.11 U-Haul
- 12.11.1 U-Haul Company Information
- 12.11.2 U-Haul Business Overview
- 12.11.3 U-Haul Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.11.4 U-Haul Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.11.5 U-Haul Recent Developments
- 12.12 PacLease
- 12.12.1 PacLease Company Information
- 12.12.2 PacLease Business Overview
- 12.12.3 PacLease Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.12.4 PacLease Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.12.5 PacLease Recent Developments
- 12.13 Brown Nationalease
- 12.13.1 Brown Nationalease Company Information
- 12.13.2 Brown Nationalease Business Overview
- 12.13.3 Brown Nationalease Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.13.4 Brown Nationalease Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.13.5 Brown Nationalease Recent Developments
- 12.14 IdeaLease
- 12.14.1 IdeaLease Company Information
- 12.14.2 IdeaLease Business Overview
- 12.14.3 IdeaLease Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.14.4 IdeaLease Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.14.5 IdeaLease Recent Developments
- 12.15 Premier Trailer Leasing
- 12.15.1 Premier Trailer Leasing Company Information
- 12.15.2 Premier Trailer Leasing Business Overview
- 12.15.3 Premier Trailer Leasing Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.15.4 Premier Trailer Leasing Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.15.5 Premier Trailer Leasing Recent Developments
- 12.16 Compass Trailer Leasing
- 12.16.1 Compass Trailer Leasing Company Information
- 12.16.2 Compass Trailer Leasing Business Overview
- 12.16.3 Compass Trailer Leasing Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.16.4 Compass Trailer Leasing Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.16.5 Compass Trailer Leasing Recent Developments
- 12.17 Leroy Holding Company
- 12.17.1 Leroy Holding Company Company Information
- 12.17.2 Leroy Holding Company Business Overview
- 12.17.3 Leroy Holding Company Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.17.4 Leroy Holding Company Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.17.5 Leroy Holding Company Recent Developments
- 12.18 MHC Kenworth
- 12.18.1 MHC Kenworth Company Information
- 12.18.2 MHC Kenworth Business Overview
- 12.18.3 MHC Kenworth Revenue in Medium and Heavy Duty Truck Leasing Business (2021-2026)
- 12.18.4 MHC Kenworth Medium and Heavy Duty Truck Leasing Product Portfolio
- 12.18.5 MHC Kenworth Recent Developments
13 Report Conclusion
14 Disclaimer
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