Category: Blogs

Truck Rental Market to Reach Valuation of US$ 204.2 Bn by 2030 The revenue of companies in the truck rental market took a major hit due to nationwide lockdowns in several countries as a result of the COVID-19 (coronavirus) outbreak. The cost of renting a truck has jumped sharply, especially during the peak months of the pandemic, and continues to surge in countries such as the U.S., Brazil, India, and Russia. Lockdown restrictions have been relaxed in almost all countries worldwide but the rise in cost of renting trucks is anticipated to prevail in the upcoming months.