Global Truck-as-a-Service Market 2020-2024

Global Truck-as-a-Service Market 2020-2024

Technavio has been monitoring the truck-as-a-service market and it is poised to grow by $ 19.02 bn during 2020-2024 progressing at a CAGR of 18% during the forecast period. Our reports on truck-as-a-service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the digital transformation in trucking industry, growth of e-commerce industry, and increasing implementation of IoT in trucking. In addition, digital transformation in trucking industry is anticipated to boost the growth of the market as well.

The truck-as-a-service market analysis includes service segment and geographical landscapes

Technavio's truck-as-a-service market is segmented as below:

By Service

  • Digital freight brokerage
  • Telematics
  • Data analytics
  • Truck platooning
By Geographical Landscapes
  • North America
  • Europe
  • APAC
  • MEA
  • South America
This study identifies the adoption of blockchain in trucking as one of the prime reasons driving the truck-as-a-service market growth during the next few years. Also, advent of over-the-air software updates and the emergence of electric trucks will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our truck-as-a-service market covers the following areas:
  • Truck-as-a-service market sizing
  • Truck-as-a-service market forecast
  • Truck-as-a-service market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading truck-as-a-service market vendors that include AB Volvo, Daimler AG, Fleet Advantage LLC, Fleet Complete, Ford Motor Co., Hino Motors Ltd., Microlise Group Ltd., Tata Motors Ltd., Trimble Inc., and Volkswagen AG. Also, the truck-as-a-service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Trucking (freight) market
      • Shippers:
      • Truck operators:
      • Trucking carriers:
      • Consignees:
      • Marketing and sales:
      • Services:
      • Support activities:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019-2024
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2019-2024 ($ billion)
        • Table Global - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
        • Table Global market: Year-over-year growth 2019-2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • 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 2019
  • Market Segmentation by Service
    • Market segments
      • Table Service - Market share 2019-2024 (%)
    • Comparison by Service
      • Table Comparison by Service
    • Digital freight brokerage - Market size and forecast 2019-2024
      • Table Digital freight brokerage - Market size and forecast 2019-2024 ($ billion)
      • Table Digital freight brokerage - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Digital freight brokerage - Year-over-year growth 2019-2024 (%)
    • Telematics - Market size and forecast 2019-2024
      • Table Telematics - Market size and forecast 2019-2024 ($ billion)
      • Table Telematics - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Telematics - Year-over-year growth 2019-2024 (%)
    • Data analytics - Market size and forecast 2019- 2024
      • Table Data analytics - Market size and forecast 2019-2024 ($ billion)
      • Table Data analytics - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Data analytics - Year-over-year growth 2019-2024 (%)
    • Truck platooning - Market size and forecast 2019- 2024
      • Table Truck platooning - Market size and forecast 2019-2024 ($ billion)
      • Table Truck platooning - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Truck platooning - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Service
      • Table Market opportunity by Service
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America - Market size and forecast 2019-2024 ($ billion), exclusive of COVID-19 impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Digital transformation in trucking industry
      • Growth of e-commerce industry
      • Increasing implementation of IoT in trucking
    • Market challenges
      • Shortage of truck drivers
      • Increase in operational costs for fleet operators
      • Concerns related to data security
        • 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
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AB Volvo
      • Table AB Volvo - Overview
      • Table AB Volvo - Business segments
      • Table AB Volvo - Key news
      • Table AB Volvo - Key offerings
      • Table AB Volvo - Segment focus
    • Daimler AG
      • Table Daimler AG - Overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Key news
      • Table Daimler AG - Key offerings
      • Table Daimler AG - Segment focus
    • Fleet Advantage LLC
      • Table Fleet Advantage LLC - Overview
      • Table Fleet Advantage LLC - Product and service
      • Table Fleet Advantage LLC - Key offerings
    • Fleet Complete
      • Table Fleet Complete - Overview
      • Table Fleet Complete - Product and service
      • Table Fleet Complete - Key offerings
    • Ford Motor Co.
      • Table Ford Motor Co. - Overview
      • Table Ford Motor Co. - Business segments
      • Table Ford Motors Co. - Key news
      • Table Ford Motor Co. - Key offerings
      • Table Ford Motor Co. - Segment focus
    • Hino Motors Ltd.
      • Table Hino Motors Ltd. - Overview
      • Table Hino Motors Ltd. - Business segments
      • Table Hino Motors Ltd. - Key news
      • Table Hino Motors Ltd. - Key offerings
      • Table Hino Motors Ltd. - Segment focus
    • Microlise Group Ltd.
      • Table Microlise Group Ltd. - Overview
      • Table Microlise Group Ltd. - Product and service
      • Table Microlise Group Ltd. - Key offerings
    • Tata Motors Ltd.
      • Table Tata Motors Ltd. - Overview
      • Table Tata Motors Ltd. - Business segments
      • Table Tata Motors Ltd. - Key news
      • Table Tata Motors Ltd. - Key offerings
      • Table Tata Motors Ltd. - Segment focus
    • Trimble Inc.
      • Table Trimble Inc. - Overview
      • Table Trimble Inc. - Business segments
      • Table Trimble Inc. - Key news
      • Table Trimble Inc. - Key offerings
      • Table Trimble Inc. - Segment focus
    • Volkswagen AG
      • Table Volkswagen AG - Overview
      • Table Volkswagen AG - Business segments
      • Table Trimble Inc. - Key news
      • Table Volkswagen AG - Key offerings
      • Table Volkswagen AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objective
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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