The transport sector is always on the move, both literally and figuratively. Developments are currently being driven by fluctuations in trailer demand, technological advancements, and an increasing emphasis on sustainability. As companies adapt to these shifts, leasing and renting options are becoming more appealing for those looking to manage their fleets efficiently.
Over the past few years, trailer demands have changed a lot. Before Covid-19, low prices encouraged purchases. But when the pandemic struck, the need to cut costs saw many companies returning trailers. Now, supply chain disruptions and material shortages have made leasing and rental more sensible options to maintain operational consistency. These shifts reflect the cyclical nature of the market.
With truck rental expected to grow by 7% annually between 2024 and 2032, leasing offers a flexible solution for managing fluctuating demand without locking capital into assets that might sit still during slower periods. In a world where unpredictability is the new normal, trailers are increasingly seen as flexible tools rather than fixed assets.
Leasing preferences are shaped not only by economic conditions, but also by sectoral and company size differences. Large companies tend to buy their vehicles so they can keep full control. On the other hand there are firms who prefer leasing because it helps them stay ‘asset-light’. For larger businesses, leasing and renting also offers a way to ensure compliance with industry standards and regulations, as providers handle maintenance and legal requirements, leaving companies free to focus on what they do best. For small and medium-sized businesses, especially those in service industries, flexibility is key. They often turn to leasing and renting, as it allows them to adjust fleet size depending on the demand, which is needed to meet customer expectations.
Leasing can be a practical solution for businesses of all sizes across various industries that are seeking flexibility and risk diversification. It allows them to adapt quickly to changes without the need for large upfront investments, which is particularly useful in times of market flux.
These days, staying relevant in transport means embracing data. Leasing has moved beyond providing vehicles; it has become a gateway to data-driven solutions. Modern fleets rely on telematics and real-time analytics to keep everything running smoothly, whether it is monitoring vehicle health or predicting maintenance needs.
For example, tools that monitor tyre pressure or engine performance can flag issues before they turn into costly breakdowns, saving both time and money. As we look to the future, fleets will be as reliant on data as they are on fuel. Companies investing in these technologies now are setting themselves up for success, reducing operational costs, and making sure their vehicles are on the road for longer. Leasing can make these technologies more accessible, giving businesses the opportunity to benefit from data-driven tools without the hefty initial investment.
The move towards green energy plays an important role in the transport sector, not only to align with regulations, but also to stay relevant in a changing landscape. But this is not always straightforward. Electric, CNG and hydrogen vehicles have their advantages when it comes to sustainability, but they also bring challenges like higher upfront costs and limited range. This is where leasing can help. It allows companies to try out these newer, greener options with lower financial risk. By partnering with leasing companies that offer low and zero-emission vehicles, businesses can keep up with evolving regulations and meet their sustainability goals at their own pace.
Across the board, whether you are a small business or a large corporation, the pressure to innovate and become more sustainable is only increasing. Leasing and renting are no longer just about cutting costs; they are becoming strategic tools. In times of rapid regulatory and market changes, leasing offers companies the flexibility to adapt and manage risks. The real question remains: is your fleet management strategy focused on short-term cost savings, or are you building long-term success?
Gregory Roumain, global key account director, TIP Group
