Truck-as-a-Service Market 2020 Driving Factors, Industry Growth, Key Vendors and Forecasts to 2027

The MarketWatch News Department was not involved in the creation of this content. Jan 06, 2021 (Market Insight Reports) -- Selbyville, Delaware, Market Study Report LLC: The Report 2020-2027 Global Truck-as-a-Service Market Report explores the essential factors of the Truck-as-a-Service market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario. The Global Truck-as-a-Service market has been separated by this report based on the key players profiles, Type, Application and Regions.

The convergence of technologies in the trucking industry is providing a platform for various stakeholders to build solution and service-based revenue models. As commercial trucks increasingly integrate a plethora of service and telematics devices beyond tracking, from prognostics to asset management to driver behavior management are being enabled. Also, the digitalizing the freight brokerage process has had the greatest impact on reducing empty miles and emissions, improving freight efficiency and as well as lowering the cost of trucking.

Request a sample Report of Truck-as-a-Service Market at: The key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. The growth of the market is attributed owing to the implementation of various technologies such as implementation of telematics in trucking service.

As per the US Department of Transportation Motor Carrier Safety Administration's Regulatory Impact Analysis anticipated that the industry would save USD 2.44 billion administrative costs and 31 lives through the use of telematics. As a result, telematics is gaining popularity in truck-as-a-service as it reduces fuel costs, improve driver and dispatcher performance, transform safety and increase mechanical alert functionality. Using telematics, truck-as a service and transportation and supply chain focused organization will position themselves for future success.

This will create lucrative aspect for the growth of the market. However, analyzing truck data to improve service operation can be an issue for fleet managers which is hampering the growth of this market. Major market player included in this report are:

  • Daimler Truck & Bus
  • Fleet Advantage
  • Fleet Complete
  • MAN Truck & Bus
  • Trimble Transportation Enterprise Solutions
  • Traton SE
  • Tata Motors
  • Scania AB
  • PACCAR Inc.
  • Navistar International

The regional analysis of global Truck-as-a-Service market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.

Asia-Pacific is the leading/significant region as the region is set to witness construction & infrastructure boom in the coming five years with a healthy spread of projects shared between residential, commercial, and industrial. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.

The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below: By Type: Digital Freight Brokerage

Telematics Services Business Analytics Digitalization of Retail and Platooning

By Application: Large Enterprises Small and Medium-sized Enterprises (SMEs)

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Mexico
  • Rest of the World

For More Details on Truck-as-a-Service Market Report at: About Us: Market Study Report, LLC. is a hub for market intelligence products and services.

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