India Truck Leasing Market Size, Share, Trends and Forecast by Lease Type, Truck Type, Booking, End-User Industry, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A31078

India Truck Leasing Market Size and Share:

The India truck leasing market size reached USD 4.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 7.3 Billion by 2033, exhibiting a growth rate (CAGR) of 6.72% during 2025-2033. The expansion of e-commerce in India is significantly increasing the need for truck leasing, while the rise of digital platforms and enhanced internet connectivity are streamlining fleet management, making leasing services more accessible and efficient across the logistics sector.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 4.1 Billion
Market Forecast in 2033	USD 7.3 Billion
Market Growth Rate (2025-2033)	6.72%

India Truck Leasing Market Trends:

Growth of E-Commerce

According to the India Brand Equity Foundation (IBEF), the Indian e-commerce sector is expected to achieve US$ 325 billion by 2030, witnessing remarkable expansion. This notable expansion of the e-commerce industry in India is driving the need for truck leasing. With the rise of online shopping, the demand for effective last-mile delivery solutions is becoming essential for e-commerce businesses. To handle varying delivery volumes, these companies are increasingly depending on rented trucks, which provide flexibility and cost-effectiveness. Truck leasing allows e-commerce businesses to bypass the significant expenses tied to fleet ownership, such as maintenance, depreciation, and long-term capital investment. Leased trucks allow these companies to increase their delivery capacity according to varying demand, particularly during busy periods including festivals or sales events. Additionally, rented vehicles tend to be more fuel-efficient and fitted with the latest technology, assisting e-commerce companies in streamlining their operations. The transition to leasing trucks enables companies to preserve flexibility in a more competitive market, where prompt deliveries are crucial for client satisfaction. With the ongoing growth of the e-commerce industry, the need for adaptable, affordable transportation options are further offering a favorable truck leasing market outlook in India.

india truck leasing market Size

Increasing Availability of Digital Platforms and Services

The rising number of digital platforms is changing the truck leasing industry in India by enhancing the speed and efficiency of fleet access, management, and optimization. Online platforms provide comprehensive leasing services, encompassing truck type, contract execution, fleet monitoring, and digital payments, greatly minimizing time and administrative workload. Companies can track vehicle performance, arrange preventive maintenance, and enhance routes in real time, resulting in improved fleet utilization and minimized downtime. These advantages are especially beneficial for small and medium-sized companies that do not have internal logistics systems. The expansion of India’s digital ecosystem is further accelerating this trend. As per IBEF[AG1] , by June 2023, India boasted 895 million internet connections, with around 55% located in urban regions and 97% of these being wireless. The adoption of smartphones is increasing, with projections indicating that the total will reach 1.1 billion by 2025. These transformations are driving India's digital industry, expected to hit US$ 1 trillion by 2030. The presence of smartphones and wireless internet is allowing users in various areas to obtain leasing services via mobile applications and digital platforms. This digital accessibility is reducing entry obstacles, improving service clarity, and promoting wider acceptance of the leasing model, establishing truck leasing as a favored option throughout India’s changing logistics environment.

India Truck Leasing Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on lease type, truck type, booking, and end-user industry.

Lease Type Insights:

Finance Lease
Full Rental

The report has provided a detailed breakup and analysis of the market based on the lease type. This includes finance lease and full rental.

Truck Type Insights:

Heavy Duty
Medium Duty

A detailed breakup and analysis of the market based on the truck type have also been provided in the report. This includes heavy duty and medium duty.

Booking Insights:

Online
Offline

The report has provided a detailed breakup and analysis of the market based on the booking. This includes online and offline.

End-User Industry Insights:

Oil and Gas
FMCG
Construction
Mining
E-Commerce

A detailed breakup and analysis of the market based on the end-user industry have also been provided in the report. This includes oil and gas, FMCG, construction, mining, e-commerce.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Truck Leasing Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Lease Type Truck Type Booking End-User Industry Region
Lease Types Covered	Finance Lease, Full Rental
Truck Types Covered	Heavy Duty, Medium Duty
Bookings Covered	Online, Offline
End-User Industries Covered	Oil and Gas, FMCG, Construction, Mining, E-Commerce
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India truck leasing market performed so far and how will it perform in the coming years?
What is the breakup of the India truck leasing market on the basis of lease type?
What is the breakup of the India truck leasing market on the basis of truck type?
What is the breakup of the India truck leasing market on the basis of booking?
What is the breakup of the India truck leasing market on the basis of end-user industry?
What is the breakup of the India truck leasing market on the basis of region?
What are the various stages in the value chain of the India truck leasing market?
What are the key driving factors and challenges in the India truck leasing market?
What is the structure of the India truck leasing market and who are the key players?
What is the degree of competition in the India truck leasing market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India truck leasing market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India truck leasing market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India truck leasing industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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India Truck Leasing Market