Global Truck-as-a-Service Market 2024-2028
The truck-as-a-service market is forecasted to grow by USD 13.87 bn during 2023-2028, accelerating at a CAGR of 4.09% during the forecast period. The report on the 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by digital transformation in the trucking industry, growth of e-commerce industry, and increasing implementation of IoT in trucking.
Technavio's truck-as-a-service market is segmented as below:
By Service
Rental services
Telematics and analytics
Truck platooning
By Application
Chemicals
Pharmaceutical and healthcare
FMCG
Food and beverages
Others
By Geography
North America
Europe
APAC
Middle East and Africa
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, demand for truck rental services and the advent of over-the-air software updates will lead to sizable demand in the market.
The report on the 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
The 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, Ashok Leyland Ltd., Continental AG, Convoy Inc., Fleet Advantage LLC, Fleet Complete, Ford Motor Co., Inseego Corp., Mercedes Benz Group AG, Microlise Group Plc, PACCAR Inc., Robert Bosch GmbH, Tata Motors Ltd., Total Transportation Services, Toyota Motor Corp., Trimble Inc., Uber Technologies Inc., Volkswagen AG, Volta Trucks, and Werner Enterprises Inc.. 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 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.
The publisher 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
- Executive Summary
- Market overview
- Table Executive Summary – Chart on Market Overview
- Table Executive Summary – Data Table on Market Overview
- Table Executive Summary – Chart on Global Market Characteristics
- Table Executive Summary – Chart on Market by Geography
- Table Executive Summary – Chart on Market Segmentation by Service
- Table Executive Summary – Chart on Market Segmentation by Application
- Table Executive Summary – Chart on Incremental Growth
- Table Executive Summary – Data Table on Incremental Growth
- Table Executive Summary – Chart on Vendor Market Positioning
- Market overview
- Market Landscape
- Market ecosystem
- Table Parent market
- Table Market Characteristics
- Market ecosystem
- Market Sizing
- Market definition
- Table Offerings of vendors included in the market definition
- Market segment analysis
- Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
- Table Chart on Global - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- Market definition
- Historic Market Size
- Global truck-as-a-service market 2018 - 2022
- Table Historic Market Size – Data Table on global truck-as-a-service market 2018 - 2022 ($ million)
- Service Segment Analysis 2018 - 2022
- Table Historic Market Size – Service Segment 2018 - 2022 ($ million)
- Application Segment Analysis 2018 - 2022
- Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
- Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
- Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
- Global truck-as-a-service market 2018 - 2022
- Five Forces Analysis
- Five forces summary
- Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
- Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
- Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
- Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
- Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
- Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
- Table Chart on Market condition - Five forces 2023 and 2028
- Five forces summary
- Market Segmentation by Service
- Market segments
- Table Chart on Service - Market share 2023-2028 (%)
- Table Data Table on Service - Market share 2023-2028 (%)
- Comparison by Service
- Table Chart on Comparison by Service
- Table Data Table on Comparison by Service
- Rental services - Market size and forecast 2023-2028
- Table Chart on Rental services - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Rental services - Market size and forecast 2023-2028 ($ million)
- Table Chart on Rental services - Year-over-year growth 2023-2028 (%)
- Table Data Table on Rental services - Year-over-year growth 2023-2028 (%)
- Telematics and analytics - Market size and forecast 2023-2028
- Table Chart on Telematics and analytics - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Telematics and analytics - Market size and forecast 2023-2028 ($ million)
- Table Chart on Telematics and analytics - Year-over-year growth 2023-2028 (%)
- Table Data Table on Telematics and analytics - Year-over-year growth 2023-2028 (%)
- Truck platooning - Market size and forecast 2023-2028
- Table Chart on Truck platooning - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Truck platooning - Market size and forecast 2023-2028 ($ million)
- Table Chart on Truck platooning - Year-over-year growth 2023-2028 (%)
- Table Data Table on Truck platooning - Year-over-year growth 2023-2028 (%)
- Market opportunity by Service
- Table Market opportunity by Service ($ million)
- Table Data Table on Market opportunity by Service ($ million)
- Market segments
- Market Segmentation by Application
- Market segments
- Table Chart on Application - Market share 2023-2028 (%)
- Table Data Table on Application - Market share 2023-2028 (%)
- Comparison by Application
- Table Chart on Comparison by Application
- Table Data Table on Comparison by Application
- Chemicals - Market size and forecast 2023-2028
- Table Chart on Chemicals - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Chemicals - Market size and forecast 2023-2028 ($ million)
- Table Chart on Chemicals - Year-over-year growth 2023-2028 (%)
- Table Data Table on Chemicals - Year-over-year growth 2023-2028 (%)
- Pharmaceutical and healthcare - Market size and forecast 2023-2028
- Table Chart on Pharmaceutical and healthcare - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Pharmaceutical and healthcare - Market size and forecast 2023-2028 ($ million)
- Table Chart on Pharmaceutical and healthcare - Year-over-year growth 2023-2028 (%)
- Table Data Table on Pharmaceutical and healthcare - Year-over-year growth 2023-2028 (%)
- FMCG - Market size and forecast 2023-2028
- Table Chart on FMCG - Market size and forecast 2023-2028 ($ million)
- Table Data Table on FMCG - Market size and forecast 2023-2028 ($ million)
- Table Chart on FMCG - Year-over-year growth 2023-2028 (%)
- Table Data Table on FMCG - Year-over-year growth 2023-2028 (%)
- Food and beverages - Market size and forecast 2023- 2028
- Table Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
- Table Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
- Table Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
- Others - Market size and forecast 2023-2028
- Table Chart on Others - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Table Chart on Others - Year-over-year growth 2023-2028 (%)
- Table Data Table on Others - Year-over-year growth 2023-2028 (%)
- Market opportunity by Application
- Table Market opportunity by Application ($ million)
- Table Data Table on Market opportunity by Application ($ million)
- Market segments
- Customer Landscape
- Customer landscape overview
- Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Customer landscape overview
- Geographic Landscape
- Geographic segmentation
- Table Chart on Market share by geography 2023-2028 (%)
- Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
- Table Chart on Geographic comparison
- Table Data Table on Geographic comparison
- North America - Market size and forecast 2023-2028
- Table Chart on North America - Market size and forecast 2023-2028 ($ million)
- Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Table Chart on North America - Year-over-year growth 2023-2028 (%)
- Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
- Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Table Chart on Europe - Year-over-year growth 2023-2028 (%)
- Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
- Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Table Chart on APAC - Year-over-year growth 2023-2028 (%)
- Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
- Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
- Table Chart on South America - Market size and forecast 2023-2028 ($ million)
- Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Table Chart on South America - Year-over-year growth 2023-2028 (%)
- Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
- Table Chart on US - Market size and forecast 2023-2028 ($ million)
- Table Data Table on US - Market size and forecast 2023-2028 ($ million)
- Table Chart on US - Year-over-year growth 2023-2028 (%)
- Table Data Table on US - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
- Table Chart on China - Market size and forecast 2023-2028 ($ million)
- Table Data Table on China - Market size and forecast 2023-2028 ($ million)
- Table Chart on China - Year-over-year growth 2023-2028 (%)
- Table Data Table on China - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
- Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Table Chart on Germany - Year-over-year growth 2023-2028 (%)
- Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Canada - Market size and forecast 2023-2028
- Table Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Table Chart on Canada - Year-over-year growth 2023-2028 (%)
- Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
- Table Chart on UK - Market size and forecast 2023-2028 ($ million)
- Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Table Chart on UK - Year-over-year growth 2023-2028 (%)
- Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
- Table Market opportunity by geography ($ million)
- Table Data Tables on Market opportunity by geography ($ million)
- Geographic segmentation
- 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
- Impact of drivers and challenges
- Table Impact of drivers and challenges in 2023 and 2028
- Market trends
- Adoption of blockchain in trucking
- Demand for truck rental services
- Advent of over-the-air software updates
- Market drivers
- Vendor Landscape
- Overview
- Vendor landscape
- Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
- Table Overview on factors of disruption
- Industry risks
- Table Impact of key risks on business
- Vendor Analysis
- Vendors covered
- Table Vendors covered
- Market positioning of vendors
- Table Matrix on vendor position and classification
- 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
- Ashok Leyland Ltd.
- Table Ashok Leyland Ltd. - Overview
- Table Ashok Leyland Ltd. - Product / Service
- Table Ashok Leyland Ltd. - Key offerings
- Convoy Inc.
- Table Convoy Inc. - Overview
- Table Convoy Inc. - Product / Service
- Table Convoy Inc. - Key offerings
- Fleet Advantage LLC
- Table Fleet Advantage LLC - Overview
- Table Fleet Advantage LLC - Product / Service
- Table Fleet Advantage LLC - Key offerings
- Fleet Complete
- Table Fleet Complete - Overview
- Table Fleet Complete - Product / Service
- Table Fleet Complete - Key offerings
- Ford Motor Co.
- Table Ford Motor Co. - Overview
- Table Ford Motor Co. - Business segments
- Table Ford Motor Co. - Key news
- Table Ford Motor Co. - Key offerings
- Table Ford Motor Co. - Segment focus
- Mercedes Benz Group AG
- Table Mercedes Benz Group AG - Overview
- Table Mercedes Benz Group AG - Business segments
- Table Mercedes Benz Group AG - Key offerings
- Table Mercedes Benz Group AG - Segment focus
- Microlise Group Plc
- Table Microlise Group Plc - Overview
- Table Microlise Group Plc - Product / Service
- Table Microlise Group Plc - Key offerings
- PACCAR Inc.
- Table PACCAR Inc. - Overview
- Table PACCAR Inc. - Business segments
- Table PACCAR Inc. - Key news
- Table PACCAR Inc. - Key offerings
- Table PACCAR Inc. - Segment focus
- 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
- Total Transportation Services
- Table Total Transportation Services - Overview
- Table Total Transportation Services - Product / Service
- Table Total Transportation Services - Key offerings
- Toyota Motor Corp.
- Table Toyota Motor Corp. - Overview
- Table Toyota Motor Corp. - Business segments
- Table Toyota Motor Corp. - Key offerings
- Table Toyota Motor Corp. - Segment focus
- Trimble Inc.
- Table Trimble Inc. - Overview
- Table Trimble Inc. - Business segments
- Table Trimble Inc. - Key offerings
- Table Trimble Inc. - Segment focus
- Uber Technologies Inc.
- Table Uber Technologies Inc. - Overview
- Table Uber Technologies Inc. - Business segments
- Table Uber Technologies Inc. - Key offerings
- Table Uber Technologies Inc. - Segment focus
- Volkswagen AG
- Table Volkswagen AG - Overview
- Table Volkswagen AG - Business segments
- Table Volkswagen AG - Key offerings
- Table Volkswagen AG - Segment focus
- Vendors covered
- Appendix
- Scope of the report
- Market definition
- Objectives
- Notes and caveats
- Inclusions and exclusions checklist
- Table Inclusions checklist
- Table Exclusions checklist
- 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
- Scope of the report
Research Assistance
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