Truck-as-a-Service Global Market Report 2024

Global Truck as a Service Market Report 2024

Truck-as-a-Service Global Market Report 2024 – By Service (Digital Freight Brokerage, Telematics, Data Analytics, Truck Platooning), End-User (Chemicals, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Food And Beverages, Other End-Users) – Market Size, Trends, And Global Forecast 2024-2033

Name: Truck-as-a-Service Global Market Report 2024
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Truck-as-a-Service Global Market Report 2024

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Truck-as-a-Service Global Market Report 2023

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Truck-as-a-Service Market Definition

Truck-as-a-service refers to a type of service that is used when a large load is hauled from one location to another. Under Truck as a Service, each truck receives routine service, maintenance, inspections, and extended vehicle coverage during the truck's holding time. It can be used to deliver goods to merchants, relocate people's belongings to a new area, carry trucks to a dealership, and for other important hauling purposes.

The main services of truck-as-a-service are digital freight brokerage, telematics, data analytics and truck platooning. Digital freight brokerages refer to online marketplaces that enable communication between shipping businesses and truck drivers through the use of a digital app. The end users involved are pharmaceutical and healthcare, fast-moving consumer goods and food and beverages.

Truck-as-a-Service Market Segmentation

The truck as a service market covered in this report is segmented –

1) By Service: Digital Freight Brokerage, Telematics, Data Analytics, Truck Platooning

2) End-User: Chemicals, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Food And Beverages, Other End-Users

Global Truck as a Service Market Size 2023 to 2028: Graph

Truck-as-a-Service Market Size 2024 And Growth Rate

The truck-as-a-service market size has grown exponentially in recent years. It will grow from $27.69 billion in 2023 to $34.77 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. The growth in the historic period can be attributed to logistics and supply chain optimization, cost efficiency and scalability, last-mile delivery solutions, e-commerce growth, flexibility in fleet management.

Truck-as-a-Service Market Growth Forecast

The truck-as-a-service market size is expected to see exponential growth in the next few years. It will grow to $82.17 billion in 2028 at a compound annual growth rate (CAGR) of 24.0%. The growth in the forecast period can be attributed to rising demand for sustainable transport, globalization and trade expansion, urbanization and smart city initiatives, increased outsourcing of logistics, dynamic regulatory environment. Major trends in the forecast period include adoption of on-demand trucking platforms, collaborations with e-commerce and retail players, incorporation of advanced safety and security features, customization and tailoring of truck services, emphasis on flexible and scalable solutions.

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Truck-as-a-Service Market Driver: Surging Demand From Automotive Industry Fuels Growth Of The Truck-As-A-Service Market

The increasing demand from the automotive industry is expected to propel the growth of the truck-as-a-service market going forward. The automotive industry refers to a broad variety of businesses and institutions engaged in the planning, creation, production, promotion, and sale of automobiles. Truck-as-a-service benefits the automotive industry by providing the service of transporting any freight products from one location to another in an insulated truck. For instance, according to a report published by Zippia Inc., a US-based provider of online recruitment services, in 2020, 14 million units of new cars and light trucks and 39.3 million used light automobiles were sold more than in the US. In 2021, the American auto sector sold 15 million cars and light trucks. Therefore, the increasing demand from the automotive industry across the globe is driving the market for truck-as-a-service.

Truck-as-a-Service Market Driver: Driver Shortages Drive Surge In Truck-As-A-Service Solutions

The increasing driver shortages are expected to propel the growth of the truck-as-a-service market going forward. Driver shortages refer to a situation in which there is an insufficient number of qualified individuals available to fill positions as drivers, particularly in industries such as transportation and logistics. Truck-as-a-service can address this issue by providing access to professional drivers as part of the service, alleviating recruitment and retention challenges. For instance, in September 2023, according to the American Trucking Associations, a US-based national trade association, in Europe, there was a 42% increase in driver shortages from 2020 to 2021. The number of unfilled driver positions surged to 71,000 in Romania, 80,000 in both Poland and Germany, and 100,000 in the UK. In Mexico, shortages experienced a 30% rise, reaching 54,000, while in China, there was a significant 140% increase, bringing the total to 1.8 million. Therefore, the increasing driver shortages is driving the market for truck-as-a-service.

Global Truck-as-a-Service Market Major Players

Major companies operating in the truck-as-a-service market report are Volkswagen AG, Daimler Truck AG, C.H. Robinson Worldwide, Inc., MAN Truck & Bus SE, Ryder System, Inc., Penske Truck Leasing Co, L.P., XPO Logistics, Inc., Landstar System, Inc., Knight-Swift Transportation Holdings Inc., Schneider National, Inc., Old Dominion Freight Line, Inc., ArcBest Corporation, YRC Worldwide Inc., Trimble Inc., Werner Enterprises, Inc., J.B. Hunt Transport Services, Inc., NFI Industries Inc., Saia, Inc., Universal Logistics Holdings, Inc., Marten Transport, Ltd., Covenant Logistics Group, Inc., Celadon Group, Inc., Heartland Express, Inc., USA Truck, Inc., Roadrunner Transportation Systems, Inc., Road One, Inc., P.A.M. Transportation Services, Inc., Fleet Complete, Estes Express Lines, Fleet Advantage LLC., A. Duie Pyle, AAA Cooper Transportation, Central Freight Lines Inc., Dayton Freight Lines Inc., New England Motor Freight, Inc., Oak Harbor Freight Lines Inc., Pitt Ohio Express, LLC, USF Reddaway Inc., Ruan Transportation Management Systems, Southeastern Freight Lines

Global Truck-as-a-Service Market Trend: Product Innovations Redefine The Truck-As-A-Service Landscape

Product innovations have emerged as the key trend gaining popularity in the truck-as-a-service market. Major companies operating in the truck-as-a-service market are developing innovative products to strengthen their position in the market. For instance, in April 2022, Quantron, a Germany-based provider of vehicle electrification and hydrogen-powered e-mobility services intended for commercial vehicles, launched Qargo 4 EV, a brand-new electric truck for Quantron's truck-as-a-service business model. The truck has unique features such as a 3,300-millimeter wheelbase, a 4,500-kilogram gross vehicle weight, and a payload of 1,600 kg. A light vehicle created specifically to meet the needs of last-mile urban distribution. The new Qargo 4 electric vehicle Despite the manufacturer's assurance of 230 km of tested range, the range can travel as far as 350 km. The vehicle has a top speed of 90 kilometers per hour.

Global Truck-as-a-Service Market Trend: Giant Companies Revolutionize Truck-As-A-Service Market With Usage-Based Truck Leasing Solutions

Major companies operating in the truck-as-a-service market are concentrating on developing innovative solutions such as usage-based truck leasing options. A usage-based truck leasing option refers to a flexible and dynamic leasing arrangement for commercial trucks, where the cost of the lease is determined based on the actual usage or mileage of the vehicle rather than a fixed monthly rate. For instance, in December 2023, Mack Trucks, Inc., a US-based truck manufacturing company announced the launch of ‘ElectriFi Subscription Program’. This subscription program is launched by the company for its MD Electric medium-duty truck. Through this subscription customers have the flexibility to pay based on the miles they drive each month, adopting a pay-as-you-go approach. Subscriptions commence with a minimum duration of three years, and customers have the option to extend up to six years. Upon reaching the subscription term’s conclusion, customers can choose to renew, acquire the truck, or conclude the contract. The subscription fee is tiered and determined based on minimum monthly mileage of 1,700 miles.

Truck-as-a-Service Market Merger And Acquisition:

Db Schenker Strengthens North American Foothold With USA Truck Acquisition

In September 2022, DB Schenker, a Germany-based logistics service provider, acquired USA Truck for an undisclosed amount. Through this acquisition, DB Schenker will expand its operations in North America, increasing its geographic reach and market share. USA Truck is a US-based haul trucking, logistics, and supply chain provider.

Regional Insights For The Global Truck-as-a-Service Market

North America was the largest region in the truck-as-a-service market in 2023. The regions covered in the truck-as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the truck-as-a-service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The truck-as-a-service market includes revenues earned by entities by providing services such as partial truckload service, full truckload service, flatbed trucking service, refrigerated trucks or reefer trucks service, intermodal freight shipping, expedited trucking service, and white glove service. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The truck-as-a-service market research report is one of a series of new reports from The Business Research Company that provides truck-as-a-service market statistics, including truck-as-a-service industry global market size, regional shares, competitors with truck-as-a-service market share, detailed truck-as-a-service market segments, market trends, and opportunities, and any further data you may need to thrive in the truck-as-a-service industry. This truck-as-a-service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Truck-as-a-Service Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$34.77 billion
Revenue Forecast In 2033	$82.17 billion
Growth Rate	CAGR of 24% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Service: Digital Freight Brokerage, Telematics, Data Analytics, Truck Platooning 2) End-User: Chemicals, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Food And Beverages, Other End-Users
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Volkswagen AG; Daimler Truck AG; C.H. Robinson Worldwide, Inc.; MAN Truck & Bus SE; Ryder System, Inc.; Penske Truck Leasing Co., L.P.; XPO Logistics, Inc.; Landstar System, Inc.; Knight-Swift Transportation Holdings Inc.; Schneider National, Inc.; Old Dominion Freight Line, Inc.; ArcBest Corporation; YRC Worldwide Inc.; Trimble Inc.; Werner Enterprises, Inc.; J.B. Hunt Transport Services, Inc.; NFI Industries Inc.; Saia, Inc.; Universal Logistics Holdings, Inc.; Marten Transport, Ltd.; Covenant Logistics Group, Inc.; Celadon Group, Inc.; Heartland Express, Inc.; USA Truck, Inc.; Roadrunner Transportation Systems, Inc.; Road One, Inc.; P.A.M. Transportation Services, Inc.; Fleet Complete; Estes Express Lines; Fleet Advantage LLC.; A. Duie Pyle; AAA Cooper Transportation; Central Freight Lines Inc.; Dayton Freight Lines Inc.; New England Motor Freight, Inc.; Oak Harbor Freight Lines Inc.; Pitt Ohio Express, LLC; USF Reddaway Inc.; Ruan Transportation Management Systems; Southeastern Freight Lines
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1. Executive Summary

2. Truck-as-a-Service Market Characteristics

3. Truck-as-a-Service Market Trends And Strategies

4. Truck-as-a-Service Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Truck-as-a-Service Market Size and Growth

5.1. Global Truck-as-a-Service Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Truck-as-a-Service Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Truck-as-a-Service Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Truck-as-a-Service Market Segmentation

6.1. Global Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Digital Freight Brokerage

Telematics

Data Analytics

Truck Platooning

6.2. Global Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Chemicals

Pharmaceutical And Healthcare

Fast-Moving Consumer Goods

Food And Beverages

Other End-Users

7. Truck-as-a-Service Market Regional And Country Analysis

7.1. Global Truck-as-a-Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Truck-as-a-Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Truck-as-a-Service Market

8.1. Asia-Pacific Truck-as-a-Service Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Truck-as-a-Service Market

9.1. China Truck-as-a-Service Market Overview

9.2. China Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Truck-as-a-Service Market

10.1. India Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Truck-as-a-Service Market

11.1. Japan Truck-as-a-Service Market Overview

11.2. Japan Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Truck-as-a-Service Market

12.1. Australia Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Truck-as-a-Service Market

13.1. Indonesia Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Truck-as-a-Service Market

14.1. South Korea Truck-as-a-Service Market Overview

14.2. South Korea Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Truck-as-a-Service Market

15.1. Western Europe Truck-as-a-Service Market Overview

15.2. Western Europe Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Truck-as-a-Service Market

16.1. UK Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Truck-as-a-Service Market

17.1. Germany Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Truck-as-a-Service Market

18.1. France Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Truck-as-a-Service Market

19.1. Italy Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Truck-as-a-Service Market

20.1. Spain Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Truck-as-a-Service Market

21.1. Eastern Europe Truck-as-a-Service Market Overview

21.2. Eastern Europe Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Truck-as-a-Service Market

22.1. Russia Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Truck-as-a-Service Market

23.1. North America Truck-as-a-Service Market Overview

23.2. North America Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Truck-as-a-Service Market

24.1. USA Truck-as-a-Service Market Overview

24.2. USA Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Truck-as-a-Service Market

25.1. Canada Truck-as-a-Service Market Overview

25.2. Canada Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Truck-as-a-Service Market

26.1. South America Truck-as-a-Service Market Overview

26.2. South America Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Truck-as-a-Service Market

27.1. Brazil Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Truck-as-a-Service Market

28.1. Middle East Truck-as-a-Service Market Overview

28.2. Middle East Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Truck-as-a-Service Market

29.1. Africa Truck-as-a-Service Market Overview

29.2. Africa Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Truck-as-a-Service Market Competitive Landscape And Company Profiles

30.1. Truck-as-a-Service Market Competitive Landscape

30.2. Truck-as-a-Service Market Company Profiles

30.2.1. Volkswagen AG

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Daimler Truck AG

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. C.H. Robinson Worldwide, Inc.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. MAN Truck & Bus SE

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Ryder System, Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Truck-as-a-Service Market Other Major And Innovative Companies

31.1. Penske Truck Leasing Co., L.P.

31.2. XPO Logistics, Inc.

31.3. Landstar System, Inc.

31.4. Knight-Swift Transportation Holdings Inc.

31.5. Schneider National, Inc.

31.6. Old Dominion Freight Line, Inc.

31.7. ArcBest Corporation

31.8. YRC Worldwide Inc.

31.9. Trimble Inc.

31.10. Werner Enterprises, Inc.

31.11. J.B. Hunt Transport Services, Inc.

31.12. NFI Industries Inc.

31.13. Saia, Inc.

31.14. Universal Logistics Holdings, Inc.

31.15. Marten Transport, Ltd.

32. Global Truck-as-a-Service Market Competitive Benchmarking

33. Global Truck-as-a-Service Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Truck-as-a-Service Market

35. Truck-as-a-Service Market Future Outlook and Potential Analysis

35.1 Truck-as-a-Service Market In 2028 - Countries Offering Most New Opportunities

35.2 Truck-as-a-Service Market In 2028 - Segments Offering Most New Opportunities

35.3 Truck-as-a-Service Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Truck-as-a-Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Truck-as-a-Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Asia-Pacific, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: China, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: China, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: India, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: India, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: Japan, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: Japan, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: Australia, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: Australia, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Indonesia, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Indonesia, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: South Korea, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: South Korea, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Western Europe, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Western Europe, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: UK, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: UK, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Germany, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Germany, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: France, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: France, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Italy, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Italy, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Spain, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Spain, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Eastern Europe, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: Eastern Europe, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Russia, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Russia, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: North America, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: North America, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: USA, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: USA, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Canada, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Canada, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: South America, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: South America, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Brazil, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Brazil, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Middle East, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Middle East, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Africa, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Africa, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Volkswagen AG Financial Performance

Table 52: Daimler Truck AG Financial Performance

Table 53: C.H. Robinson Worldwide, Inc. Financial Performance

Table 54: MAN Truck & Bus SE Financial Performance

Table 55: Ryder System, Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Truck-as-a-Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Truck-as-a-Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Asia-Pacific, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: China, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: China, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: India, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: India, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: Japan, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: Japan, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: Australia, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: Australia, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Indonesia, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Indonesia, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: South Korea, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: South Korea, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Western Europe, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Western Europe, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: UK, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: UK, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Germany, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Germany, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: France, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: France, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Italy, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Italy, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Spain, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Spain, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Eastern Europe, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: Eastern Europe, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Russia, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Russia, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: North America, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: North America, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: USA, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: USA, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Canada, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Canada, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: South America, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: South America, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Brazil, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Brazil, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Middle East, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Middle East, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Africa, Truck-as-a-Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Africa, Truck-as-a-Service Market, Segmentation End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Volkswagen AG Financial Performance

Figure 52: Daimler Truck AG Financial Performance

Figure 53: C.H. Robinson Worldwide, Inc. Financial Performance

Figure 54: MAN Truck & Bus SE Financial Performance

Figure 55: Ryder System, Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the truck as a service market?

How will the truck as a service market drivers and restraints affect the truck as a service market dynamics? What forces will shape the truck as a service industry going forward?

The truck as a service market major growth driver - surging demand from automotive industry fuels growth of the truck-as-a-service market. For further insights on the truck as a service market, request a sample here

What is the forecast market size or the forecast market value of the truck as a service market ?

The truck-as-a-service market size has grown exponentially in recent years. It will grow from $27.69 billion in 2023 to $34.77 billion in 2024 at a compound annual growth rate (CAGR) of 25.6%. The growth in the historic period can be attributed to logistics and supply chain optimization, cost efficiency and scalability, last-mile delivery solutions, e-commerce growth, flexibility in fleet management. The truck-as-a-service market size is expected to see exponential growth in the next few years. It will grow to $82.17 billion in 2028 at a compound annual growth rate (CAGR) of 24.0%. The growth in the forecast period can be attributed to rising demand for sustainable transport, globalization and trade expansion, urbanization and smart city initiatives, increased outsourcing of logistics, dynamic regulatory environment. Major trends in the forecast period include adoption of on-demand trucking platforms, collaborations with e-commerce and retail players, incorporation of advanced safety and security features, customization and tailoring of truck services, emphasis on flexible and scalable solutions. For further insights on the truck as a service market, request a sample here

How is the truck as a service market segmented?

The truck as a service market is segmented
1) By Service: Digital Freight Brokerage, Telematics, Data Analytics, Truck Platooning
2) End-User: Chemicals, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Food And Beverages, Other End-UsersFor further insights on the truck as a service market, request a sample here

Which region has the largest share of the truck as a service market? What are the other regions covered in the report?

North America was the largest region in the truck-as-a-service market in 2023. The regions covered in the truck-as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the truck as a service market, request a sample here.

Who are the major players in the truck as a service market?

What are the key trends in the truck as a service market?

Major trend in the truck as a service market - giant companies revolutionize truck-as-a-service market with usage-based truck leasing solutions. For further insights on the truck as a service market, request a sample here.

What are the major opportunities in the truck as a service market? What are the strategies for the truck as a service market?

For detailed insights on the major opportunities and strategies in the truck as a service market, request a sample here.

How does the truck as a service market relate to the overall economy and other similar markets?

For detailed insights on truck as a service market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the truck as a service industry?

For detailed insights on the mergers and acquisitions in the truck as a service industry, request a sample here.

What are the key dynamics influencing the truck as a service market growth? SWOT analysis of the truck as a service market.

For detailed insights on the key dynamics influencing the truck as a service market growth and SWOT analysis of the truck as a service industry, request a sample here.