LONDON–(BUSINESS WIRE)–Technavio has been monitoring the global truck-as-a-service market and the market is poised to grow by USD 19.43 billion during 2019-2023 at a CAGR of almost 22% during the forecast period. Request Free Sample Pages
Read the 116-page research report with TOC on “Truck-as-a-Service Market Analysis Report by Service (Digital freight brokerage, Telematics, Data analytics, and Truck platooning), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 – 2023.”
The market is driven by the increase in the implementation of loT in trucking. In addition, the adoption of blockchain in trucking is anticipated to further boost the growth of the truck-as-a-service market.
The mobile and connectivity advancements in IoT and the advent of IoT gadgets is positively influencing the trucking industry. Various trucking operations such as geo-fencing, smart inventory management, fleet management, optimal asset utilization, and public transit management are managed by IoT. The integration of IoT in the trucking services enables companies to manage the performance of their fleets and address issues such as sudden breakdowns in the middle of a route. Thus, the increase in the implementation of loT in trucking is expected to drive market growth during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Truck-as-a-Service Market Companies:
Daimler AG is headquartered in Germany and operates the business under various product segments such as Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services. The company offers connected trucks, truck leasing, TruckStore, CharterWay, and other services.
Fleet Advantage LLC
Fleet Advantage LLC is headquartered in the US and offers services through the following business units: Truck fleet leasing, Truck fleet asset management, Truck fleet technology, and Used trucks. The company offers Truck data Analytics, ATLAAS, EXchangeIT, and other services.
Fleet Complete is headquartered in Canada and operates under the business segment, Telematics. The company offers safety and compliance management, asset management, fleet management, and other services.
Trimble Inc. is headquartered in the US and offers services through the following business segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The company offers SmartDelivery, myRoads, ConnectedDriver, myMedia, In-Cab Scanning, Fault Intelligence, and other services.
Volkswagen AG is headquartered in Germany and offers services through the following business segments: Passenger Cars, Commercial Vehicles, Power Engineering, and Financial Services. The company offers Driverless Scania and MAN trucks, MAN DigitalServices, RIO, MAN Rental, and other services.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Truck-as-a-Service Service Outlook (Revenue, USD Million, 2019 – 2023)
- Digital freight brokerage
- Data analytics
- Truck platooning
Truck-as-a-Service Regional Outlook (Revenue, USD Million, 2019 – 2023)
- North America
- South America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Industrials include:
Truck Clutch Market – Global Truck Clutch Market by application (light-duty trucks and medium & heavy-duty trucks) and geography (North America, APAC, Europe, South America, and MEA).
Mining Truck Market – Global Mining Truck Market by products (90-150 tons, 154-255 tons, and 290-363 tons) and geography (the Americas, APAC, and EMEA).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.