There is no sign of brakes being applied in the UK van market, says the British Vehicle Rental and Leasing Association (BVRLA).
Of the CV rental and leasing companies which responded to its 2014 CV Informer research, 75% expect business to increase this year.
They said about 70,000 new vans collectively will be bought within the next 12 months.
The report paints a positive picture of the industry and one which goes some way to explaining recent acquisitions of businesses.
Gerry Keaney, chief executive of BVRLA, said, “The acquisition of Burnt Tree by Enterprise reflects the feelings of optimism and the opportunities for growth in the vehicle rental sector.
“New entrants, acquisitions and consolidation are hallmarks of a healthy sector, and the rental and leasing industry is going from strength to strength in 2014.”
BVRLA members’ short-term rental fleets also grew by 20% last year and the association has recently welcomed a number of rental brokers into its membership.