Truck-as-a-Service Market in Transportation,Road & Rail,Trucking sector To Grow At a CAGR of 20.98% During The Period 2019-2023
Industry Research Report On-Global Truck-as-a-Service Market 2019-2023, will use to
- Providing a comparative analysis of the Truck-as-a-Service Market leaders on the basis of Product offerings, Business strategies, SWOT (strengths, weaknesses, opportunities, threats), Key financials
- Understanding the competitive landscape and identifying the major growth strategies adopted by players across key regions
- Analyzing the market dynamics and competitive situations and trends across regions and their impact on prominent market players
- Identifying and profiling key players in Transportation, Road and Rail, Trucking Sector of Truck-as-a-Service Market.
- Industry researcher project The Truck-as-a-Service market was valued at USD 19.43 billion and CAGR of 20.98% during the period 2019-2023.
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About Truck-as-a-Service Market
Digital transformation in trucking industry will be a key factor driving the growth of the market. The digital transformation in trucking industry is on rise as OEMs and technology suppliers are recalibrating their business strategies. The truck manufacturers are focusing on leveraging technologies. Implementation of various technologies such as implementation of telematics in trucking services is likely to fuel the market during the forecast period. The trucking industry extensively relies on loT-based gadgets as they manage important trucking operations such as optimal asset utilization, public transit management, geo-fencing, fleet management, and smart inventory management. This is motivating logistics companies with large vehicle fleet to integrate loT, which can prevent sudden break down in the middle of a route. The integration of connected devices such as electronic log devices (ELD) with loT enhances the experience and creates a safer work environment for drivers by accurately managing, tracking, and sharing records of duty status. As a result of the benefits, the coming years will witness an increase in the implementation of loT in trucking, which will be one of the critical reasons that will drive truck-as-a-service market growth during the forecast period. Our Research analysts have predicted that the truck-as-a-service market will register a CAGR of nearly 22% by 2023.
Truck-as-a-Service MarketTrend, Challengeand Driver: –
- Growth of e-commerce industry
- The global truck-as-a-service market is witnessing the growth of e-commerce industry owing to the high penetration of internet and increased number of smartphone users
- The growth in online shopping has a direct impact on the global truck-as-a-service market
- E-commerce is generating more freight that moves by truck, which includes drayage, truckloads or last-mile
- Thus, with the growth of e commerce industry the demand for truck as a service increases
- Shortage of truck drivers
- Most of the drivers in trucking industry are retiring, and most people are unwilling to take up this profession
- The health related fatalities of truck drivers are increasing, ranging from minors to major afflictions
- As the truck-as-service works on a pay-per-use model, the reduction in the use of truck services will negatively affect the market growth
- For the detailed list of factors that will drive and challenge the growth of the truck-as-a-service market during the 2019-2023, view our report
- The market appears to be concentrated and with the presence of few companies
- Factors such as the growth of e-commerce and the digital transformation in trucking industry, will provide considerable growth opportunities to truck-as-a-service manufactures
- Daimler AG, Fleet Advantage LLC, Fleet Complete, Trimble Inc
- , and Volkswagen AG are some of the major companies covered in this report
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The research was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key vendors operating in Truck-as-a-Service market space are-
- Daimler AG, Fleet Advantage LLC, Fleet Complete, Trimble Inc., Volkswagen AG
Geographically, the report splits global into the Americas, APAC, EMEA regions. The global and regional Truck-as-a-Service market dynamics are carefully studied and explained which helps to understand evolving market trends, drivers, opportunities, and challenges for the global Truck-as-a-Service market.
Global Truck-as-a-Service Market2019 Answers the following Key Questions.
- What will be the Truck-as-a-Service market size and expansion rate in 2023?
- Who are the key producers of Truck-as-a-Service and Where they lie on a global scale?
- What are the Truck-as-a-Service market kinetics and industry perspectives?
- Who will be the target audience of Truck-as-a-Service industry?
- What are the opportunities, challenges, and threats influencing the growth of Truck-as-a-Service market?
- What are the main driving attributes, Truck-as-a-Service market trends, short-term, and long-term policies?
- What are the opinions from professionals and their outlook on Truck-as-a-Service market and future insights?
This report provides newbusiness dimensionswith an eye ongrowth opportunitiesand contribution of upcomingmarket segments.
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Table of Contents included in Truck-as-a-Service Market 2019 Report –
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Base year
- Forecast period
- Market coverage
- Market size calculation
- Geographical segmentation
- Vendor segmentation
PART 03: Research Methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: A Decision framework
PART 10: Impact of drivers and challengesAnd Many More Parts Covered.
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Name: Mr. Ajay More
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Organization: 360 Market Updates
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