Trends, Drivers and Vendor Forecasts for 2021-2025
{{market_name.ucfirst}} is set to post an incremental growth of $ 24.92 bn during 2021-2025. The market will progressing at a CAGR of over 22.19% during the forecast period. Our analysts provide a detailed understanding of the key players as well as their product portfolios and upcoming pipelines. These insights will enable our clients to gauge potential growth opportunities and thus design their business strategy. Some of the major market participants are AB Volvo, Daimler AG, Fleet Advantage LLC, Fleet Complete, Ford Motor Co., Hino Motors Ltd., Microlise Group Plc, Tata Motors Ltd., Trimble Inc., and Volkswagen AG.
Truck-as-a-Service Market: Market Segments and Key Trends
The Truck-as-a-service market is segmented by Service (digital freight brokerage, telematics, data analytics, and truck platooning) and Geography (North America, Europe, APAC, MEA, and South America). North America led the market with 55% of the market growth set to originate from this region during the forecast period. Shortage of truck drivers is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Truck-as-a-Service Market: Top Drivers to Boost Demand
The Digital transformation in trucking industry is one of the primary factors driving the growth of the truck-as-a-service market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
The report provides insights into the following FAQs:
Trends, Drivers and Vendor Forecasts for 2021-2025
{{market_name.ucfirst}} is set to post an incremental growth of $ 24.92 bn during 2021-2025. The market will progressing at a CAGR of over 22.19% during the forecast period. Our analysts provide a detailed understanding of the key players as well as their product portfolios and upcoming pipelines. These insights will enable our clients to gauge potential growth opportunities and thus design their business strategy. Some of the major market participants are AB Volvo, Daimler AG, Fleet Advantage LLC, Fleet Complete, Ford Motor Co., Hino Motors Ltd., Microlise Group Plc, Tata Motors Ltd., Trimble Inc., and Volkswagen AG.
Truck-as-a-Service Market: Market Segments and Key Trends
The Truck-as-a-service market is segmented by Service (digital freight brokerage, telematics, data analytics, and truck platooning) and Geography (North America, Europe, APAC, MEA, and South America). North America led the market with 55% of the market growth set to originate from this region during the forecast period. Shortage of truck drivers is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Truck-as-a-Service Market: Top Drivers to Boost Demand
@@@The Digital transformation in trucking industry is one of the primary factors driving the growth of the truck-as-a-service market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report.
Key Focus Areas in Our Reports:
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
The report provides insights into the following FAQs:
Truck-as-a-Service Market Size to Grow by $ 19.02 bn through 2020-2024
Technavio research projects the truck-as-a-service market to grow by $ 19.02 bn, accelerating at a CAGR of over 18% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Truck-as-a-Service Market: Key Market Driver
One of the primary factors that will trigger the growth of the truck-as-a-service market size is digital transformation in trucking industry. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Truck-as-a-Service Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
Truck-as-a-Service Market Size to Grow by $ 19.02 bn During 2020-2024
Technavio has been monitoring the truck-as-a-service market and it is expected to grow by $ 19.02 bn, accelerating at a CAGR of almost 18% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Truck-as-a-Service Market: APAC to lead market growth during the forecast period
Truck-as-a-Service Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Truck-as-a-Service Market: Key Highlights of the Report for 2020-2024
Technavio has been monitoring the global truck-as-a-service market and it is expected to grow by USD 19.02 billion accelerating at a CAGR of over 18% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Truck-as-a-Service Market: Segmentation by Service
During 2019, the digital freight brokerage segment accounted for the major share of the Truck-as-a-Service Market owing to an increase in the use of smartphones and rising penetration of wireless connectivity and other digital platforms. This report provides an accurate prediction of the contribution of all the segments to the growth of the truck-as-a-service market size.
Truck-as-a-Service Market: Segmentation by Geography
North America was the largest Truck-as-a-Service Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the growing e-commerce industry and the rising demand for last-mile delivery and next and same-day services will significantly drive truck-as-a-service market growth to the extent that 50% of the market’s growth will originate from North America . Market growth in this region will be faster than the growth of the market in other regions with the US emerging as the major market in the region.
Truck-as-a-Service Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AB Volvo, Daimler AG and Fleet Advantage LLC are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
