Market Research Logo

Global Truck-as-a-Service Market 2019-2023

Global Truck-as-a-Service Market 2019-2023

About this market

Digital transformation in trucking industry will be a key factor driving the growth of the market. The digital transformation in trucking industry is on rise as OEMs and technology suppliers are recalibrating their business strategies. The truck manufacturers are focusing on leveraging technologies. Implementation of various technologies such as implementation of telematics in trucking services is likely to fuel the market during the forecast period. Technavio’ s analysts have predicted that the truck-as-a-service market will register a CAGR of nearly 22% by 2023.

Market Overview

Growth of e-commerce industry

The global truck-as-a-service market is witnessing the growth of e-commerce industry owing to the high penetration of internet and increased number of smartphone users. The growth in online shopping has a direct impact on the global truck-as-a-service market. E-commerce is generating more freight that moves by truck, which includes drayage, truckloads or last-mile. Thus, with the growth of e commerce industry the demand for truck as a service increases.

Shortage of truck drivers

Most of the drivers in trucking industry are retiring, and most people are unwilling to take up this profession. The health related fatalities of truck drivers are increasing, ranging from minors to major afflictions. As the truck-as-service works on a pay-per-use model, the reduction in the use of truck services will negatively affect the market growth.

For the detailed list of factors that will drive and challenge the growth of the truck-as-a-service market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be concentrated and with the presence of few companies. Factors such as the growth of e-commerce and the digital transformation in trucking industry, will provide considerable growth opportunities to truck-as-a-service manufactures. Daimler AG, Fleet Advantage LLC, Fleet Complete, Trimble Inc., and Volkswagen AG are some of the major companies covered in this report.


Press Release

Technavio Announces the Publication of its Research Report – Global Truck-as-a-Service Market 2019-2023

Technavio recognizes the following companies as the key players in the global truck-as-a-service market: Daimler AG, Fleet Advantage LLC, Fleet Complete, Trimble Inc., and Volkswagen AG.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the advent of over-the-air software updates.”

According to the report, one of the major drivers for this market is the digital transformation in trucking industry.

Further, the report states that one of the major factors hindering the growth of this market is the shortage of truck drivers.

Companies Mentioned

Daimler AG
Fleet Advantage LLC
Fleet Complete
Trimble Inc.
Volkswagen AG

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global information technology (IT) services market
      • Table Segments of global information technology (IT) services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by service
    • Table Service - Market share 2018-2023 (%)
    • Comparison by service
      • Table Comparison by service
    • Digital freight brokerage - Market size and forecast 2018- 2023
      • Table Digital freight brokerage - Market size and forecast 2018-2023 ($ millions)
      • Table Digital freight brokerage - Year-over-year growth 2019-2023 (%)
    • Telematics - Market size and forecast 2018-2023
      • Table Telematics - Market size and forecast 2018-2023 ($ millions)
      • Table Telematics - Year-over-year growth 2019-2023 (%)
    • Data analytics - Market size and forecast 2018-2023
      • Table Data analytics - Market size and forecast 2018-2023 ($ millions)
      • Table Data analytics - Year-over-year growth 2019-2023 (%)
    • Truck platooning - Market size and forecast 2018-2023
      • Table Truck platooning - Market size and forecast 2018-2023 ($ millions)
      • Table Truck platooning - Year-over-year growth 2019-2023 (%)
    • Market opportunity by service
      • Table Market opportunity by service
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Adoption of blockchain in trucking
    • Advent of over-the-air software updates
    • The emergence of electric trucks
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Daimler AG
      • Table Daimler AG - Vendor overview
      • Table Daimler AG - Product segments
      • Table Daimler AG - Organizational developments
      • Table Daimler AG - Geographic focus
      • Table Daimler AG - Segment focus
      • Table Daimler AG - Key offerings
    • Fleet Advantage LLC
      • Table Fleet Advantage LLC - Vendor overview
      • Table Fleet Advantage LLC - Business segments
      • Table Fleet Advantage LLC - Organizational developments
      • Table Fleet Advantage LLC - Key offerings
    • Fleet Complete
      • Table Fleet Complete - Vendor overview
      • Table Fleet Complete - Business segments
      • Table Fleet Complete - Organizational developments
      • Table Fleet Complete - Key offerings
    • Trimble Inc.
      • Table Trimble Inc. - Vendor overview
      • Table Trimble Inc. - Business segments
      • Table Trimble Inc. - Organizational developments
      • Table Trimble Inc. - Geographic focus
      • Table Trimble Inc. - Segment focus
      • Table Trimble Inc. - Key offerings
    • Volkswagen AG
      • Table Volkswagen AG - Vendor overview
      • Table Volkswagen AG - Business segments
      • Table Volkswagen AG - Organizational developments
      • Table Volkswagen AG - Geographic focus
      • Table Volkswagen AG - Segment focus
      • Table Volkswagen AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of vendors classification
      • Table Definition of vendors classification
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report