How to Start a Truck Rental Business in US & Canada?
Starting a moving truck rental business in the US and Canada can be a lucrative venture, as the demand for reliable and affordable moving services continues to grow. By providing customers with well-maintained trucks and excellent customer service, you can establish a successful business in this industry. According to IBISWorld, the US truck rental and leasing industry generated over $40 billion in revenue in 2021, with an annual growth rate of 3.4% from 2016 to 2021. Similarly, in Canada, the truck rental and leasing industry is valued at approximately CAD $4 billion annually, indicating a substantial market opportunity. In this guide, I will walk you through the essential steps to help you start your own moving truck rental business. Market Research Begin by conducting thorough market research to gain insights into the demand for moving truck rentals in your target area. Identify your competitors and analyze their services, pricing, and customer reviews. This research will help you ...