Top 5 Truck Rental Companies Offering Flexible Transport Solutions Globally

The truck rental industry serves a primary role in the automotive and transportation sector by providing cost-effective, innovative, and flexible services for transporting goods. If you are an individual or a business searching for rental companies; this blog will guide you further. Instead of buying and going through the maintenance process, you can simply rent the right truck service for the job. Whether it is large-scale logistics, moving goods, or managing deliveries on time, these companies have you covered. This industry has grown significantly over the last few years, following the global COVID impact that increased the number of online deliveries, and hence, boosted the logistics industry thereafter.

Back in 2024, the global market for truck rental was at USD 133.36 billion, where the demand for the industry had started to rise. By 2025, businesses started renting trucks rather than buying to cut off some extra cost, so the market value climbed up to USD 142.38 billion. Moving ahead, the market is expected to reach USD 229.14 billion in 2032, and thus, reflecting a healthy growth and strong demand. This growth shows that the market will keep growing at a steady rate year after year at a CAGR of 7.0 %, indeed an impressive hike.

Fortune Business Insights Highlights List of 5 Best Truck Rental Industries Globally

Below are some top picks:

1. Enterprise Truck Rental

This company started small in 1999 as a commercial truck renting agency in Southern California, and by 2007 expanded successfully to 100 more locations. In 2019 started its self-drive rental services, and to date, Enterprise Rent-A-Car has expanded to over 90% of the U.S. with more than 5,800 fully-staffed branches. With a motto “The Right Truck, The Right Time, The Right Value”, the company has now become North America’s most convenient intermodal transportation source to several delighted customers.

In August 2024, a new location was launched by Enterprise Truck Rental in Terre Haute, Indiana. This launch was aimed at offering convenient rental options to local residents as well as business owners. The company is dedicated to meeting several transportation needs through its new branch located at 2550 Wabash Ave. This new branch, through its diverse fleet features such as moving trucks, pickup trucks, cargo vans, and box trucks, aims to serve the surrounding areas apart from Terre Haute.

2. United Rentals, Inc.

It is a public limited company, founded in 1997, and has a large operating radius with a three times larger store network than other providers. It operates in 49 States of the U.S., 10 Canadian provinces, and parts of Europe, Australia, and New Zealand. With its headquarters in La Porte, Texas, United Rentals offers well-managed and customer-efficient commercial and industrial equipment rental services across its operating locations. The company builds a connection with the people through its data-driven, catered solutions dedicated to ensuring safety, sustainability, and productivity on the worksite.

In November 2022, United Rentals announced the launch of all-electric trucks for Shell to operate in its Chemical Manufacturing site at Geismar, Louisiana. Such vehicles will aid in plant maintenance as a part of an on-site electric vehicle (EV) mobility pilot program. Further, this initiative will help in assessing and testing the use of EV at the facility and contribute toward the development of low-carbon. Additional goals include green fleet strategies for both rental and Shell-owned vehicles in the coming years.

3. Ryder System, Inc

In 1933, the founder of the company, James A Ryder, started this business of trucking concrete with just a USD 35 down payment on buying a Model A Ford truck. Today, this award-winning company has proved itself as one of the top truck rental companies across the U.S., Canada, and Mexico. This 90-year-old third-party logistics provider company offers several solutions to its customers, such as distribution and warehouse management, truck leasing and rental, and maintenance services, among others. Ryder System guarantees 99% on-time delivery and is thus chosen by several customers.

In February 2024, Ryder System, a prominent player in the rental industry, declared an acquisition agreement made with Cardinal Logistics, based in Concord, North Carolina. The company, Cardinal, is aimed at offering services dedicated to professional drivers and fleets to analyze complex route structures. This agreement is made with an aim to enhance the growth of the company, further reinforcing its position in North America as a leading customized dedicated contract courier.

4. PENSKE Corporation, Inc

This privately held company, formed in 1969, offers diversified transportation services, headquartered in Bloomfield Hills, Michigan, and is accessible to its customers across more than 3200 locations globally. It provides several services in different industry segments, including truck leasing, retail automotive, and transportation logistics. The rental company is recognized globally for its innovative supply logistics, performance, and distribution management, making it a top choice for customers.

For instance, in April 2023, an acquisition agreement was declared by PENSKE with a transportation service company, Star Truck Rentals Inc. The main purpose of the agreement was to serve new as well as pre-existing customers in North America. The acquisition will also result in the expansion of the rental fleet and will strengthen the region’s market share.

5. Asset Alliance Group

Formed in 2010, Asset Alliance Ltd was merged with ATE Truck and Trailer Sales Ltd. Later, in 2012, Asset Alliance Group was formed, based in Wolverhampton, U.K., which is currently the region’s fastest-growing industry that offers commercial vehicle finance, truck rental, and leasing services. This merger was a unique blend of the expertise of a CV leasing company and a reputed used commercial vehicles retailer. Further, in 2021, Arbuthnot Latham Banking Group acquired Asset Alliance Group.

In January 2024, Asset Alliance Group, one of the U.K.’s fastest-growing commercial vehicle finance and sales companies, entered into a three-year corporate partnership agreement with Transaid. Asset Alliance Group offered assistance to provide expertise, time, and resources to Transaid.  Such assistance helped Transaid to develop its road safety and healthcare access initiatives throughout sub-Saharan Africa.

Searching for the Best Truck Rental to Hit the Road?

While searching for the best rental, we often forget to ask ourselves the question of what we actually need. The best answer is knowing your preference and budget before moving ahead with your search. The rental industry provides numerous options of innovative services at a price ranging from low to high. Also, prices may vary depending on the size of the truck you are renting. There are other factors to consider, such as whether you want a self-driving truck or one with a driver and other management services. The companies mentioned above provide all kinds of services to make the customer’s life easier.