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

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Truck-As-A-Service Market Definition And Segments

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.

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

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.

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.

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.

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

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.

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.

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.

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 Scope
Report AttributeDetails
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 Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; 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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    Table Of Contents

    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?

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. For further insights on the truck-as-a-service market, request a sample here

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 growth is aided by the increasing demand from the automotive industry across the globe. 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 is expected to reach $66.97 billion in 2027 at a CAGR of 24.3%. For further insights on the truck-as-a-service market, request a sample here

How is the truck-as-a-service market segmented?

The global truck-as-a-service market is segmented as
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
For 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 largest region's market size and growth rate?

North America was the largest region in the truck-as-a-service market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

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

Key competitors in the truck-as-a-service market are Daimler Truck AG., Fleet Advantage LLC., Fleet Complete., Trimble Inc., Volkswagen AG, Tata Motors Limited., PACCAR Inc., Volta Trucks, Uber Technologies Inc., Total Transportation Services, Continental AG, Ford Motor Company, Hino Motors Ltd., Michelin, Microlise Telematics Pvt. Ltd., AB Volvo. For further insights on the truck-as-a-service market, request a sample here.

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

Major trends influencing the truck-as-a-service market include product innovations. Major companies operating in the truck-as-a-service market are developing innovative products to strengthen their position in the market. 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.