Market analysis of special vehicles and trucks for rent in Poland
Poland, being one of the largest countries in Europe, has a thriving commercial sector. Its logistics and transportation industry is an essential aspect of the economy. Poland’s geographic location, at the crossroads of East and West, makes it an attractive market for the transport and logistics industry. This article focuses on the market analysis of special vehicles and trucks for rent in Poland.
Market Size:
The transportation and logistics industry in Poland is growing rapidly. The market size for special vehicles and trucks for rent is expected to grow at a CAGR of 5.23% during the forecast period (2021-2026). The growth is largely attributed to the increasing demand for transportation and logistics services in Poland. The market size for special vehicles and trucks for rent in Poland was valued at USD 21.68 million in 2020.
Market Segmentation:
The market for special vehicles and trucks for rent in Poland can be segmented based on the type of vehicle and end-user industry. Based on the type of vehicle, the market can be segmented into trucks, trailers, and other special vehicles. The truck segment dominates the market, accounting for more than 60% of the market share. Trailers and other special vehicles account for the remaining market share.
Based on the end-user industry, the market can be segmented into construction, logistics and transportation, and agriculture. The construction industry dominates the market, accounting for around 50% of the market share. The logistics and transportation industry accounts for around 30% of the market share, and the agriculture industry accounts for the remaining market share.
Competitive Landscape:
The market for special vehicles and trucks for rent in Poland is highly fragmented, with a large number of local and international players operating in the market. Some of the key players in the market include DB Schenker, Panalpina, DHL, Kuehne + Nagel, and GEODIS. These players are focusing on expanding their market share by providing value-added services to their customers.
Drivers and Restraints:
The increasing demand for transportation and logistics services in Poland is the primary driver for the growth of the market for special vehicles and trucks for rent. The rise in construction activities in the country is also driving the demand for special vehicles and trucks for rent. The growth of the e-commerce industry and the increasing demand for online shopping are also expected to drive the growth of the market for special vehicles and trucks for rent.
The high cost of maintenance of special vehicles and trucks is a major restraint for the market. Moreover, the lack of skilled drivers is also hampering the growth of the market.
The market for special vehicles and trucks for rent in Poland is expected to grow at a substantial rate during the forecast period. The increasing demand for transportation and logistics services, coupled with the rise in construction activities, is expected to drive the growth of the market. However, the high cost of maintenance and the lack of skilled drivers are some of the challenges that the market is likely to face. Despite these challenges, the market presents good growth opportunities for players operating in the special vehicles and trucks for rent in Poland.