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:
- Digital freight brokerage
- Data analytics
- Truck platooning
By Geographical Landscapes
- North America
- 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.