Truck-as-a-Service (TaaS)

Global Truck-as-a-Service (TaaS) Market to Reach US$105.9 Billion by 2030

The global market for Truck-as-a-Service (TaaS) estimated at US$34.7 Billion in the year 2024, is expected to reach US$105.9 Billion by 2030, growing at a CAGR of 20.4% over the analysis period 2024-2030. Telematics, one of the segments analyzed in the report, is expected to record a 20.9% CAGR and reach US$64.5 Billion by the end of the analysis period. Growth in the Digital Freight Brokerage segment is estimated at 23.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.3 Billion While China is Forecast to Grow at 28.5% CAGR

The Truck-as-a-Service (TaaS) market in the U.S. is estimated at US$9.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.8 Billion by the year 2030 trailing a CAGR of 28.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 15.5% and 17.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.4% CAGR.

Global Truck-as-a-Service (TaaS) Market - Key Trends and Drivers Summarized

Truck-as-a-Service (TaaS) is an innovative business model reshaping the logistics and transportation industry. It provides fleet management solutions that enable companies to utilize trucks without owning them. Instead of purchasing and maintaining a fleet, businesses can subscribe to TaaS for various services, including vehicle leasing, maintenance, telematics, insurance, and driver management. This model offers flexibility, reduced capital expenditure, and operational efficiency, making it particularly attractive for small to medium-sized enterprises (SMEs) and companies with fluctuating transportation needs. TaaS providers leverage advanced technologies such as IoT, AI, and big data analytics to offer predictive maintenance, optimize routes, and enhance overall fleet performance, thus improving delivery times and reducing costs.

In recent years, the TaaS market has seen significant advancements and growth. Major automotive manufacturers, technology firms, and logistics companies are increasingly investing in TaaS solutions. For example, established brands like Volvo, Daimler, and MAN have launched their own TaaS platforms, while tech companies like Uber Freight and Convoy are creating digital freight matching services. Additionally, startups are entering the market, bringing innovative approaches and specialized solutions. The integration of electric and autonomous trucks is further transforming the TaaS landscape, promising lower operational costs and increased safety. These developments are supported by robust infrastructure investments, government regulations promoting sustainable transportation, and the increasing adoption of smart city initiatives.

The growth in the TaaS market is driven by several factors. One primary driver is the rising demand for efficient and cost-effective logistics solutions amid the boom in e-commerce and just-in-time delivery models. Technological advancements, including AI, IoT, and blockchain, are enabling real-time tracking, transparent supply chains, and predictive analytics, enhancing service reliability and efficiency. The shift towards electric and autonomous vehicles is also a significant growth factor, as they offer lower fuel costs, reduced emissions, and the potential for 24/7 operations. Additionally, changing consumer behavior towards shared services and subscription models, combined with the growing need for sustainable transportation solutions, is fueling the adoption of TaaS. Moreover, the global push for reducing carbon footprints and stringent regulatory frameworks mandating greener logistics practices are compelling companies to explore TaaS as a viable alternative to traditional truck ownership.

SCOPE OF STUDY:

The report analyzes the Truck-as-a-Service (TaaS) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Service (Telematics, Digital Freight Brokerage, Digital Retailing, Truck Platooning, Other Services); End-Use (Fast Moving Consumer Goods (FMCG) End-Use, Manufacturing End-Use, Food & Beverage End-Use, Automotive & Transportation End-Use, Retail End-Use, Pharmaceuticals & Healthcare End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 48 Featured) -

• Bosch Service Solutions GmbH
• Continental Automotive Technologies GmbH
• Fleet Complete
• Inseego Corporation
• MAN Truck & Bus SE
• Microlise Limited
• Octo Group S.p.A
• Ryder System, Inc.
• Tata Elxsi Limited
• Traton SE
• Trimble Transportation
• Verizon Connect
• Volta Commercial Vehicles Ltd. (Volta Trucks)
• Wabash National Corporation
• WattEV Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.