Dublin, Sept. 25, 2024 (GLOBE NEWSWIRE) — The “Truck-as-a-Service (TaaS) – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Truck-as-a-Service (TaaS) was estimated at US$28.2 Billion in 2023, and is projected to reach US$105.9 Billion by 2030, growing at a CAGR of 20.8% from 2023 to 2030.
The growth in the TaaS market is driven by several factors. One primary driver is the rising demand for efficient and cost-effective logistics solutions amid the boom in e-commerce and just-in-time delivery models. Technological advancements, including AI, IoT, and blockchain, are enabling real-time tracking, transparent supply chains, and predictive analytics, enhancing service reliability and efficiency. The shift towards electric and autonomous vehicles is also a significant growth factor, as they offer lower fuel costs, reduced emissions, and the potential for 24/7 operations.
Additionally, changing consumer behavior towards shared services and subscription models, combined with the growing need for sustainable transportation solutions, is fueling the adoption of TaaS. Moreover, the global push for reducing carbon footprints and stringent regulatory frameworks mandating greener logistics practices are compelling companies to explore TaaS as a viable alternative to traditional truck ownership.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Telematics Service segment, which is expected to reach US$64.5 Billion by 2030 with a CAGR of a 21.3%. The Digital Freight Brokerage Service segment is also set to grow at 23.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $7.7 Billion in 2023, and China, forecasted to grow at an impressive 28.8% CAGR to reach $27.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Truck-as-a-Service (TaaS) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bosch Service Solutions GmbH, Continental Automotive Technologies GmbH, Fleet Complete, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 303 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $28.2 Billion |
| Forecasted Market Value (USD) by 2030 | $105.9 Billion |
| Compound Annual Growth Rate | 20.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Global Economic Update
- Truck-as-a-Service (TaaS) – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
FOCUS ON SELECT PLAYERS (Total 48 Featured):
- Bosch Service Solutions
- Continental Automotive Technologies
- Fleet Complete
- Inseego Corporation
- MAN Truck & Bus SE
- Microlise Limited
- Octo Group
- Ryder System, Inc.
- Tata Elxsi Limited
- Traton SE
- Trimble Transportation
- Verizon Connect
- Volta Commercial Vehicles Ltd. (Volta Trucks)
- Wabash National Corporation
- WattEV Inc
MARKET TRENDS & DRIVERS
- Advances in Autonomous Trucking Strengthen Business Case for TaaS
- Growing Demand for Real-Time Fleet Management Generates Demand for TaaS Platforms
- The Rise of Electric Trucks Accelerates Demand for TaaS Solutions
- Surge in E-commerce Throws the Spotlight on TaaS
- Fuel Efficiency Concerns Drive Adoption of TaaS
- Digital Transformation in Logistics Spurs Growth of TaaS
- Increasing Preference for Operational Flexibility: Here`s How TaaS Meets the Demand
- Collaborative Economy Trends Generate Opportunities for TaaS
- Global Supply Chain Disruptions Highlight the Value of TaaS
- Cybersecurity Challenges in Connected Trucks Create New TaaS Solutions
- Rising Costs of Truck Ownership Propel Growth of TaaS Models
- Customizable TaaS Offerings Drive Growth in Diverse Markets
- Increased Focus on Driver Safety and Training Spurs Demand for TaaS Solutions
- Adoption of 5G Networks Generates New Opportunities for TaaS
- Shared Mobility Trends Highlight the Role of TaaS in Future Transportation
- IoT Integration in Trucking Operations Drives Adoption of TaaS
- Emphasis on Last-Mile Delivery Efficiency Throws Spotlight on TaaS Solutions
For more information about this report visit https://www.researchandmarkets.com/r/4xl330
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- Global Truck-as-a-Service (TaaS) Market
