Digital Retailing Acquires Prominence in Truck-as-a-Service Market

Though COVID-19 (Coronavirus) cases have been rising in America, new-car and truck dealers have always been resilient in adverse situations such as recession, drastic fuel prices, and interest rate fluctuations. In such a scenario, digital retailing is gaining recognition, as truck dealers strive to meet customer demand. Digital retailing has provided clients with the flexibility to procure accurate trade appraisals and obtain bank approvals with precise payment information. This has eliminated the need to have in-person interaction with a dealership employees, which has become crucial, especially during the pandemic.

Analysts at the Transparency Market Research opine that truck dealers will continue to use digital retailing even after the COVID-19 pandemic subsides. Many dealers have already adopted and implemented 100% virtual and digital sales processes and are reaping its benefits amidst the COVID-19 era. These factors are likely to drive the truck-as-a-service market during the forecast period.

truck as a service market infographic

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Truck-as-a-Service Platforms Enhance Productivity Levels for Shippers and Carriers

Artificial intelligence (AI) and Machine Learning (ML) is playing a crucial role in making predictions about supply and demand in the truck-as-a-service market. Several startups are exploring business opportunities in this innovative business model. This is explains why the market is predicted to grow at an explosive CAGR of ~26% during the assessment period. Centralizing procedures and processes with the help of an appropriate ecosystem has helped to increase the operational efficiency of truck drivers and shippers.

With the help of truck-as-a-service platforms, truck drivers and carriers can optimize their time by gaining access to channels to find shipping demand. As such, the revenue of digital freight brokerage is anticipated to be the highest in the truck-as-a-service market among all service types. Digital freight brokers are using their own truck equipment pools to accelerate the movement of cargo.

Advanced Data Analytics Tools Help Identify Vehicle and Uptime

Telematics has facilitated real-time communication, which is coupled with routing apps that help truck drivers to avoid delays and contributes toward fleet optimization. However, analyzing truck data to improve service operation can be challenging for fleet managers. Hence, companies in the truck-as-a-service market are developing smarter algorithms that overcome issues in data analysis.

truck as a service market segmentation

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Trying to analyze telematics data without advanced tools can be potentially challenging for fleet operators. It is found that too many data points change at a high frequency for a fleet service location manager. Hence, companies in the truck-as-a-service market are developing advanced data analytics tools that deploy aggregation of individual data points in the most effective way. This helps to understand the vehicle health and its impact on the uptime of trucks. Proliferation of the Internet of Things (IoT) in truck-as-a-service platforms is another advantage, which has enabled accurate identification of vehicle health.

East Asia Set for Exponential Growth with Connected Devices and Smart Mobility

The trucking industry is witnessing a digital transformation, which has fueled the use of connected devices, thus deploying greater visibility and transparency across the supply chain. As such, the truck-as-a-service market is anticipated to surpass US$ 99.2 Bn mark by the end of 2030. On the other hand, the installation of telematics devices in trucks has jumped exponentially in North America. This is evident since currently, North America dictates the highest revenue among all regions in the truck-as-a-service market. However, East Asia is predicted to take the lead in terms of value by the end of 2030.

The era of increased smartphone usage, smart cities, and smart mobility is currently one of the prominent trends in North America. However, the connected environment is growing increasingly prominent in countries of East Asia. Such factors are boosting the adoption of digital freight brokerage solutions.

Electronic Logs and Safety Standards Help Reduce Operational Costs via Telematics

Mobile devices are becoming increasingly commonplace in vehicles. Smartphones and rugged tablets are leveraging the telematics technology in the truck-as-a-service market. Moreover, telematics has eliminated the need for spending several hours completing paper record of duty status logbooks. Thus, trucking fleet managers can easily do away with overspending and improve overall efficiency for stakeholders in the value chain. On the other hand, telematics has helped to improve safety as truck dealers can closely monitor behaviors of the driver and assess whether it aligns with the company and regulatory standards.

Increased job satisfaction and a decline in operating costs are bolstering the growth of the truck-as-a-service market. Since drivers have greater control over their electronic logs, it has become one of the top contributors to job satisfaction. Better fleet and driver utilization help in fuel savings.

Incumbent Players versus Challengers: Who will dominate Truck-as-a-Service Market

The automation of truck brokerage is driving change in the truck-as-a-service market. As such, venture backed-digital freight brokers are posing as a tough competition to the incumbents of the market. For instance, Convoy— a provider of digital freight network has raised US$ 185 Mn at US$ 1 Bn valuations in September 2018 and is aiming for two times the valuation in the upcoming years. On the other hand, logistics technology startups are attracting capital investments. However, the incumbent market players also have advantages such as larger reach in terms of their business network and higher enterprise value.

In terms of revenue, incumbent market players hold a lion’s share as compared to the venture backed-digital freight challengers. Moreover, private companies do not publish their financial data, thus making it challenging for investors to take the decision.

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Analysts’ Viewpoint

The COVID-19 pandemic has accelerated the shift toward digital retailing. Truck-as-a-service platforms are gaining increased popularity for optimizing vehicle performance and monitoring safety habits of truck drivers. Digital freight matching platforms are quickly bridging the gap between truck drivers with capacity to available loads.

Currently, more than 50% of the freight is transported via road in North America. However, East Asia is projected to grow exponentially during the forecast period, thus creating a dilemma for companies in the truck-as-a-service market, in terms of long-term investments that support the establishment of connected environments. Hence, companies should increase their focus in R&D activities is order to make informed decisions.

Truck-as-a-Service Market: Overview

  • The global truck-as-a-service market is anticipated to expand at a CAGR of ~26% during the forecast period, owing to rise in adoption of telematics systems and latest technologies, including road side assistance and traffic updates. Rapid expansion of transport facilities due to advancements in technology and booming urbanization have led to a rise in transportation of goods and commodities, which is likely to boost the truck-as-a-service market across the globe.
  • Rise in penetration of smartphones and access to speedy Internet services has fueled consumer preference toward online shopping. This, in turn, is anticipated to propel the truck-as-a-service market. Increase in trade agreements between developing nations is anticipated to offer new opportunities to the logistics industry in the near future. Rise in digital freight brokerage for light and heavy commercial vehicles is anticipated to propel the truck-as-a-service market across the globe. Transportation of products and goods by means of roadways plays an integral role in truck-as-a-service market. Moreover, this mode of transport is cost-effective for door-to-door service, owing to improved road infrastructure. This is anticipated to propel the truck-as-a-service market during the forecast period.

Drivers of Truck-as-a-Service Market

  • Rise in adoption of smartphones is boosting the penetration of wireless technology and other digital platforms. Currently, consumers prefer digital channels to purchase goods from OEMs, owing to quick and easy transaction and saving in brokerage money, which is anticipated to propel the truck-as-a-service market across the globe. Moreover, a surge in demand for e-tailing trade and business transactions is due to independent access to online trade portals for seller or buyers, and ever-inflating costs of products available in retail shops. Favorable government regulations, rise in regional GDPs, and per capita expenditure are other factors augmenting e-tailing, which in turn is fueling the utilization of truck transportation.
  • Development of autonomous vehicles is likely to offer significant opportunities in autonomous services, including platooning service. Furthermore, increase in data security, connectivity, and government mandates regarding vehicle safety are projected to boost the demand for advanced technology in transportation service, which is likely to fuel the truck-as-a-service market across the globe. Expansion of the e-Commerce industry in developing countries, along with growing industrialization and increasing number of manufacturing plants across the globe are anticipated to fuel the demand for trucking service technologies, which in turn is anticipated to drive the truck-as-a-service market during the forecast period.

Challenges for Truck-as-a-Service Market

  • Major vehicle manufacturers shut down their plants due to the coronavirus pandemic. Majority of companies in Japan, India, China, and South Korea follow the just-in-time (JIT) inventory system, which is a management strategy. JIT inventory system aims at minimizing inventory and increasing efficiency. However, automakers are facing shortages of components due to the shutdown of companies procuring raw material, resulting in either halting or slowing down of vehicle production, which is likely to be a challenge for the market.
  • Improper road infrastructure coupled with lack of intent to improve transport facilities is expected to restraint the truck-as-a-service market during the forecast period. Truck transportation is not as reliable as railway freight transportation during rainy season, where roads become unsafe, complex, and unfit for use. This results in higher chances of accidents and breakdowns of trucks. This is another factor that is anticipated to hamper the truck-as-a-service market during the forecast period.

Segmentation of Truck-as-a-Service Market

  • Based on service type, the telematics segment dominated the global truck-as-a-service market due to rise in penetration of advanced technologies in transportation service. Telematics services, including roadside assistance, traffic information, and smart routing are likely to be integrated by fleet owners in order enhance safety. Rise in demand for optimizing operational activities and real-time connectivity is projected to boost the telematics services segment during the forecast period.
  • Based on end-use industry, the FMCG segment dominated the market, owing to an increase in transportation of consumer goods across the globe. An extension of lockdown due to the coronavirus pandemic is likely to drive FMCG transportation services, which in turn is projected to boost the truck-as-a-service market.

Truck-as-a-Service Market: Regional Analysis

  • Based on region, the global truck-as-a-service market has been divided into North America, East Asia, South Asia, Europe, Latin America, and Middle East & Africa
  • North America and Europe are projected to be prominent markets during the forecast period. This is primarily due to the expansion of the warehouse industry and manufacturing plants across the North America and Europe. Rise in demand for fast moving consuming goods across North America is likely to offer significant opportunities for trucking service providers, which is likely to boost the truck-as-a-service market across the region.

Truck-as-a-Service Market: Competition Landscape

  • Key players operating in the global truck-as-a-service market include 
    • Daimler AG
    • MAN Trucks
    • Nikola Corporation
    • Fleet Advantage
    • Trimble Transportation Enterprise Solutions Inc.
    • Traton SE
    • Tata Motors.
    • Scania AB
    • PACCAR Inc.
    • Navistar International
  • Key players at the global level are expanding their presence by engaging in mergers and acquisitions with several players in the industry. In October 2018, Daimler AG entered into a premium ride-hailing joint venture with Geely Group, in China. This joint venture would provide ride-hailing mobility services in various cities across China. This venture is expected to support Geely to utilize premium vehicles of Mercedes-Benz.

Truck-as-a-Service Market – Segmentation

This report on the truck-as-a-service market provides information on the basis of service type, end-use industry, and region.

Service Type

  • Digital Freight Brokerage
  • Platooning
  • Digital Retailing
  • Telematics
  • Business Analytics
  • Blockchain

End-use Industry

  • Chemicals
  • Pharmaceutical & Healthcare
  • FMCG
  • Hi-Tech Product Industry
  • Food & Beverages
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East & Africa

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

    2.1. Research Methodology

        2.1.1. Primary Research and List of Primary Sources

        2.1.2. Secondary Research and Sources

    2.2. Key assumptions for Data Modelling

3. Executive Summary : Global Truck-as-a-Service Market 

    3.1. Global Truck-as-a-Service Market Value (US$ Mn) Forecast, 2019-2030

4. Market Overview

    4.1. Introduction

    4.2. Global Market – Macro Economic Factors

    4.3. Industry Dynamics

    4.4. Market Dynamics

        4.4.1. Drivers

        4.4.2. Restraints

        4.4.3. Opportunity

        4.4.4. Impact Analysis of Drivers and Restraints

    4.5. Market Factor Analysis

        4.5.1. Porter’s Five Force Analysis

        4.5.2. PESTEL Analysis

        4.5.3. Value Chain Analysis

            4.5.3.1. List of Key Manufacturers

            4.5.3.2. List of Customers

            4.5.3.3. Level of Integration

        4.5.4. SWOT Analysis

    4.6. Regulatory Scenario

    4.7. Key Industry Development

5. Global Truck-as-a-Service Market Analysis and Forecast, by Service Type

    5.1. Definition

    5.2. Market Snapshot

    5.3. Global Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type, 2019-2030

        5.3.1. Digital Freight Brokerage

        5.3.2. Platooning

        5.3.3. Digital Retailing

        5.3.4. TELEMATICS

        5.3.5. Business Analytics

        5.3.6. Blockchain

6. Global Truck-as-a-Service Market Analysis and Forecast, by End-use Industry

    6.1. Definition

    6.2. Market Snapshot

    6.3. Global Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry, 2019-2030

        6.3.1. FMCG

        6.3.2. Chemicals

        6.3.3. Pharmaceutical & Healthcare

        6.3.4. Hi-Tech Product Industry

        6.3.5. Food & Beverages

        6.3.6. Others

7. Global Truck-as-a-Service Market Analysis and Forecast, by Region

    7.1. Market Snapshot

    7.2. Global Truck-as-a-Service Market Value (US$ Mn) Forecast, by Region, 2019-2030

        7.2.1. North America

        7.2.2. Latin America

        7.2.3. Europe

        7.2.4. East Asia

        7.2.5. South Asia

        7.2.6. Middle East & Africa

8. North America Truck-as-a-Service Market Value (US$ Mn) Forecast, 2019-2030

    8.1. Market Snapshot

    8.2. North America Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        8.2.1. Digital Freight Brokerage

        8.2.2. Platooning

        8.2.3. Digital Retailing

        8.2.4. TELEMATICS

        8.2.5. Business Analytics

        8.2.6. Blockchain

    8.3. North America Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        8.3.1. FMCG

        8.3.2. Chemicals

        8.3.3. Pharmaceutical & Healthcare

        8.3.4. Hi-Tech Product Industry

        8.3.5. Food & Beverages

        8.3.6. Others

    8.4. North America Truck-as-a-Service Market Value (US$ Mn) Forecast, by Country

        8.4.1. U.S.

        8.4.2. Canada

    8.5. U.S. Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        8.5.1. Digital Freight Brokerage

        8.5.2. Platooning

        8.5.3. Digital Retailing

        8.5.4. TELEMATICS

        8.5.5. Business Analytics

        8.5.6. Blockchain

    8.6. U.S.  Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        8.6.1. FMCG

        8.6.2. Chemicals

        8.6.3. Pharmaceutical & Healthcare

        8.6.4. Hi-Tech Product Industry

        8.6.5. Food & Beverages

        8.6.6. Others

    8.7. Canada Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        8.7.1. Digital Freight Brokerage

        8.7.2. Platooning

        8.7.3. Digital Retailing

        8.7.4. TELEMATICS

        8.7.5. Business Analytics

        8.7.6. Blockchain

    8.8. Canada Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        8.8.1. FMCG

        8.8.2. Chemicals

        8.8.3. Pharmaceutical & Healthcare

        8.8.4. Hi-Tech Product Industry

        8.8.5. Food & Beverages

        8.8.6. Others

    8.9. North America Truck-as-a-Service Market : PEST Analysis

9. Europe Truck-as-a-Service Market Value (US$ Mn) Forecast, 2019-2030

    9.1. Market Snapshot

    9.2. Europe Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        9.2.1. Digital Freight Brokerage

        9.2.2. Platooning

        9.2.3. Digital Retailing

        9.2.4. TELEMATICS

        9.2.5. Business Analytics

        9.2.6. Blockchain

    9.3. Europe Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        9.3.1. FMCG

        9.3.2. Chemicals

        9.3.3. Pharmaceutical & Healthcare

        9.3.4. Food & Beverages

        9.3.5. Others 

    9.4. Europe Truck-as-a-Service Market Value (US$ Mn) Forecast, by Country and Sub-region

        9.4.1. Germany

        9.4.2. U.K.

        9.4.3. France

        9.4.4. Italy

        9.4.5. Spain

        9.4.6. Rest of Europe

    9.5. Germany Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        9.5.1. Digital Freight Brokerage

        9.5.2. Platooning

        9.5.3. Digital Retailing

        9.5.4. TELEMATICS

        9.5.5. Business Analytics

        9.5.6. Blockchain

    9.6. Germany Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        9.6.1. FMCG

        9.6.2. Chemicals

        9.6.3. Pharmaceutical & Healthcare

        9.6.4. Hi-Tech Product Industry

        9.6.5. Food & Beverages

        9.6.6. Others 

    9.7. U.K. Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        9.7.1. Digital Freight Brokerage

        9.7.2. Platooning

        9.7.3. Digital Retailing

        9.7.4. TELEMATICS

        9.7.5.  Business Analytics

        9.7.6. Blockchain

    9.8. U.K. Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        9.8.1. FMCG

        9.8.2. Chemicals

        9.8.3. Pharmaceutical & Healthcare

        9.8.4. Hi-Tech Product Industry

        9.8.5. Food & Beverages

        9.8.6. Others 

    9.9. France Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        9.9.1. Digital Freight Brokerage

        9.9.2. Platooning

        9.9.3. Digital Retailing

        9.9.4. TELEMATICS

        9.9.5. Business Analytics

        9.9.6. Blockchain

    9.10. France Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        9.10.1. FMCG

        9.10.2. Chemicals

        9.10.3. Pharmaceutical & Healthcare

        9.10.4. Hi-Tech Product Industry

        9.10.5. Food & Beverages

        9.10.6. Others

    9.11. Italy Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        9.11.1. Digital Freight Brokerage

        9.11.2. Platooning

        9.11.3. Digital Retailing

        9.11.4. TELEMATICS

        9.11.5. Business Analytics

        9.11.6. Blockchain

    9.12. Italy Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        9.12.1. FMCG

        9.12.2. Chemicals

        9.12.3. Pharmaceutical & Healthcare

        9.12.4. Hi-Tech Product Industry

        9.12.5. Food & Beverages

        9.12.6. Others

    9.13. Spain Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        9.13.1. Digital Freight Brokerage

        9.13.2. Platooning

        9.13.3. Digital Retailing

        9.13.4. TELEMATICS

        9.13.5. Business Analytics

        9.13.6. Blockchain

    9.14. Spain Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        9.14.1. FMCG

        9.14.2. Chemicals

        9.14.3. Pharmaceutical & Healthcare

        9.14.4. Hi-Tech Product Industry

        9.14.5. Food & Beverages

        9.14.6. Others

    9.15. Rest of Europe Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        9.15.1. Digital Freight Brokerage

        9.15.2. Platooning

        9.15.3. Digital Retailing

        9.15.4. TELEMATICS

        9.15.5. Business Analytics

        9.15.6. Blockchain

    9.16. Rest of Europe Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        9.16.1. FMCG

        9.16.2. Chemicals

        9.16.3. Pharmaceutical & Healthcare

        9.16.4. Hi-Tech Product Industry

        9.16.5. Food & Beverages

        9.16.6. Others

    9.17. Europe Truck-as-a-Service Market : PEST Analysis

10. East Asia Truck-as-a-Service Market Value (US$ Mn) Forecast, 2019-2030

    10.1. Market Snapshot

    10.2. East Asia Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        10.2.1. Digital Freight Brokerage

        10.2.2. Platooning

        10.2.3. Digital Retailing

        10.2.4. TELEMATICS

        10.2.5. Business Analytics

        10.2.6. Blockchain

    10.3. East Asia Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        10.3.1. FMCG

        10.3.2. Chemicals

        10.3.3. Pharmaceutical & Healthcare

        10.3.4. Hi-Tech Product Industry

        10.3.5. Food & Beverages

        10.3.6. Others

    10.4. East Asia Truck-as-a-Service Market Value (US$ Mn) Forecast, by Country and Sub-region

        10.4.1. China

        10.4.2. Japan

        10.4.3. South Korea

    10.5. China Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        10.5.1. Digital Freight Brokerage

        10.5.2. Platooning

        10.5.3. Digital Retailing

        10.5.4. TELEMATICS

        10.5.5. Business Analytics

        10.5.6. Blockchain

    10.6. China Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        10.6.1. FMCG

        10.6.2. Chemicals

        10.6.3. Pharmaceutical & Healthcare

        10.6.4. Hi-Tech Product Industry

        10.6.5. Food & Beverages

        10.6.6. Others

    10.7. Japan Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        10.7.1. Digital Freight Brokerage

        10.7.2. Platooning

        10.7.3. Digital Retailing

        10.7.4. TELEMATICS

        10.7.5. Business Analytics

        10.7.6. Blockchain

    10.8. Japan Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        10.8.1. FMCG

        10.8.2. Chemicals

        10.8.3. Pharmaceutical & Healthcare

        10.8.4. Hi-Tech Product Industry

        10.8.5. Food & Beverages

        10.8.6. Others

    10.9. South Korea Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        10.9.1. Digital Freight Brokerage

        10.9.2. Platooning

        10.9.3. Digital Retailing

        10.9.4. TELEMATICS

        10.9.5. Business Analytics

        10.9.6. Blockchain

        10.9.7. Heavy Business Analytics

    10.10. South Korea Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        10.10.1. FMCG

        10.10.2. Chemicals

        10.10.3. Pharmaceutical & Healthcare

        10.10.4. Hi-Tech Product Industry

        10.10.5. Food & Beverages

        10.10.6. Others

    10.11. East Asia Truck-as-a-Service Market : PEST Analysis

11. South Asia Truck-as-a-Service Market Value (US$ Mn) Forecast, 2019-2030

    11.1. Market Snapshot

    11.2. South Asia Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        11.2.1. Digital Freight Brokerage

        11.2.2. Platooning

        11.2.3. Digital Retailing

        11.2.4. TELEMATICS

        11.2.5. Business Analytics

        11.2.6. Blockchain

    11.3. South Asia Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        11.3.1. FMCG

        11.3.2. Chemicals

        11.3.3. Pharmaceutical & Healthcare

        11.3.4. Hi-Tech Product Industry

        11.3.5. Food & Beverages

        11.3.6. Others

    11.4. South Asia Truck-as-a-Service Market Value (US$ Mn) Forecast, by Country and Sub-region

        11.4.1. India

        11.4.2. ASEAN

        11.4.3. ANZ

    11.5. India Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        11.5.1. Digital Freight Brokerage

        11.5.2. Platooning

        11.5.3. Digital Retailing

        11.5.4. TELEMATICS

        11.5.5. Business Analytics

        11.5.6. Blockchain

    11.6. India Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        11.6.1. FMCG

        11.6.2. Chemicals

        11.6.3. Pharmaceutical & Healthcare

        11.6.4. Hi-Tech Product Industry

        11.6.5. Food & Beverages

        11.6.6. Others

    11.7. ASEAN Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        11.7.1. Digital Freight Brokerage

        11.7.2. Platooning

        11.7.3. Digital Retailing

        11.7.4. TELEMATICS

        11.7.5. Business Analytics

        11.7.6. Blockchain

    11.8. ASEAN Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        11.8.1. FMCG

        11.8.2. Chemicals

        11.8.3. Pharmaceutical & Healthcare

        11.8.4. Hi-Tech Product Industry

        11.8.5. Food & Beverages

        11.8.6. Others

    11.9. ANZ Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        11.9.1. Digital Freight Brokerage

        11.9.2. Platooning

        11.9.3. Digital Retailing

        11.9.4. TELEMATICS

        11.9.5. Business Analytics

        11.9.6. Blockchain

    11.10. ANZ Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        11.10.1. FMCG

        11.10.2. Chemicals

        11.10.3. Pharmaceutical & Healthcare

        11.10.4. Hi-Tech Product Industry

        11.10.5. Food & Beverages

        11.10.6. Others

    11.11. South Asia Truck-as-a-Service Market : PEST Analysis

12. Middle East & Africa Truck-as-a-Service Market Value (US$ Mn) Forecast, 2019-2030

    12.1. Market Snapshot

    12.2. Middle East & Africa Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        12.2.1. Digital Freight Brokerage

        12.2.2. Platooning

        12.2.3. Digital Retailing

        12.2.4. TELEMATICS

        12.2.5. Business Analytics

        12.2.6. Blockchain

    12.3. Middle East & Africa Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        12.3.1. FMCG

        12.3.2. Chemicals

        12.3.3. Pharmaceutical & Healthcare

        12.3.4. Hi-Tech Product Industry

        12.3.5. Food & Beverages

        12.3.6. Others

    12.4. Middle East & Africa Truck-as-a-Service Market Value (US$ Mn) Forecast, by Country and Sub-region

        12.4.1. GCC

        12.4.2. South Africa

        12.4.3. Rest of Middle East & Africa

    12.5. GCC Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        12.5.1. Digital Freight Brokerage

        12.5.2. Platooning

        12.5.3. Digital Retailing

        12.5.4. TELEMATICS

        12.5.5. Business Analytics

        12.5.6. Blockchain

    12.6. GCC Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        12.6.1. FMCG

        12.6.2. Chemicals

        12.6.3. Pharmaceutical & Healthcare

        12.6.4. Hi-Tech Product Industry

        12.6.5. Food & Beverages

        12.6.6. Others

    12.7. South Africa Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        12.7.1. Digital Freight Brokerage

        12.7.2. Platooning

        12.7.3. Digital Retailing

        12.7.4. TELEMATICS

        12.7.5. Business Analytics

        12.7.6. Blockchain

    12.8. South Africa Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        12.8.1. FMCG

        12.8.2. Chemicals

        12.8.3. Pharmaceutical & Healthcare

        12.8.4. Hi-Tech Product Industry

        12.8.5. Food & Beverages

        12.8.6. Others

    12.9. Rest of Middle East & Africa Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        12.9.1. Digital Freight Brokerage

        12.9.2. Platooning

        12.9.3. Digital Retailing

        12.9.4. TELEMATICS

        12.9.5. Business Analytics

        12.9.6. Blockchain

    12.10. Rest of Middle East & Africa Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        12.10.1. FMCG

        12.10.2. Chemicals

        12.10.3. Pharmaceutical & Healthcare

        12.10.4. Hi-Tech Product Industry

        12.10.5. Food & Beverages

        12.10.6. Others

    12.11. Middle East & Africa Truck-as-a-Service Market : PEST Analysis

13. Latin America Truck-as-a-Service Market Value (US$ Mn) Forecast, 2019-2030

    13.1. Market Snapshot

    13.2. Latin America Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        13.2.1. Digital Freight Brokerage

        13.2.2. Platooning

        13.2.3. Digital Retailing

        13.2.4. TELEMATICS

        13.2.5. Business Analytics

        13.2.6. Blockchain

    13.3. Latin America Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        13.3.1. FMCG

        13.3.2. Chemicals

        13.3.3. Pharmaceutical & Healthcare

        13.3.4. Hi-Tech Product Industry

        13.3.5. Food & Beverages

        13.3.6. Others

    13.4. Latin America Truck-as-a-Service Market Value (US$ Mn) Forecast, by Country and Sub-region

        13.4.1. Brazil

        13.4.2. Mexico

        13.4.3. Rest of Latin America

    13.5. Brazil Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        13.5.1. Digital Freight Brokerage

        13.5.2. Platooning

        13.5.3. Digital Retailing

        13.5.4. TELEMATICS

        13.5.5. Business Analytics

        13.5.6. Blockchain

    13.6. Brazil Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        13.6.1. FMCG

        13.6.2. Chemicals

        13.6.3. Pharmaceutical & Healthcare

        13.6.4. Hi-Tech Product Industry

        13.6.5. Food & Beverages

        13.6.6. Others

    13.7. Mexico Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        13.7.1. Digital Freight Brokerage

        13.7.2. Platooning

        13.7.3. Digital Retailing

        13.7.4. TELEMATICS

        13.7.5. Business Analytics

        13.7.6. Blockchain

    13.8. Mexico Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry 

        13.8.1. FMCG

        13.8.2. Chemicals

        13.8.3. Pharmaceutical & Healthcare

        13.8.4. Hi-Tech Product Industry

        13.8.5. Food & Beverages

        13.8.6. Others

    13.9. Rest of Latin America Truck-as-a-Service Market Value (US$ Mn) Forecast, by Service Type

        13.9.1. Digital Freight Brokerage

        13.9.2. Platooning

        13.9.3. Digital Retailing

        13.9.4. TELEMATICS

        13.9.5. Business Analytics

        13.9.6. Blockchain

    13.10. Rest of Latin America Truck-as-a-Service Market Value (US$ Mn) Forecast, by End-use Industry

        13.10.1. FMCG

        13.10.2. Chemicals

        13.10.3. Pharmaceutical & Healthcare

        13.10.4. Hi-Tech Product Industry

        13.10.5. Food & Beverages

        13.10.6. Others

    13.11. Latin America Truck-as-a-Service Market : PEST Analysis

14. Competition Landscape

    14.1. Market Analysis By Company (2019)

    14.2. Market Player – Competition Matrix (By Tier and Size of companies)

    14.3. Key Market Players (Details – Overview, Recent Developments, Strategy)

        14.3.1. Daimler AG

            14.3.1.1. Overview

            14.3.1.2. Recent Developments

            14.3.1.3. Strategy

        14.3.2. MAN Trucks

            14.3.2.1. Overview

            14.3.2.2. Recent Developments

            14.3.2.3. Strategy

        14.3.3. Nikola Corporation

            14.3.3.1. Overview

            14.3.3.2. Recent Developments

            14.3.3.3. Strategy

        14.3.4. Fleet Advantage

            14.3.4.1. Overview

            14.3.4.2. Recent Developments

            14.3.4.3. Strategy

        14.3.5. Trimble Transportation Solutions Enterprise Inc.

            14.3.5.1. Overview

            14.3.5.2. Recent Developments

            14.3.5.3. Strategy

        14.3.6. Traton SE

            14.3.6.1. Overview

            14.3.6.2. Recent Developments

            14.3.6.3. Strategy

        14.3.7. Tata Motors

            14.3.7.1. Overview

            14.3.7.2. Recent Developments

            14.3.7.3. Strategy

        14.3.8. Scania AB

            14.3.8.1. Overview

            14.3.8.2. Recent Developments

            14.3.8.3. Strategy

        14.3.9. PACCAR Inc.

            14.3.9.1. Overview

            14.3.9.2. Recent Developments

            14.3.9.3. Strategy

        14.3.10. Navistar International

            14.3.10.1. Overview

            14.3.10.2. Recent Developments

            14.3.10.3. Strategy

List of Tables

Table 1 Global Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 2 Global Truck-as-a-Service Market Value (US$ Mn), by  End-use Industry, 2019-2030 

Table 3 Global Truck-as-a-Service Market Value (US$ Mn), by Region, 2019-2030 

Table 4 North America Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 5 North America Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 6 North America Truck-as-a-Service Market Value (US$ Mn), by Country and Sub-region, 2019-2030 

Table 7 U.S. Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 8 U.S. Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 9 Canada Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 10 Canada Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 11 Europe Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 12 Europe Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 13 Europe Truck-as-a-Service Market Value (US$ Mn), by Country and Sub-region, 2019-2030 

Table 14 Germany Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 15 Germany Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 16 U.K. Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 17 U.K. Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 18 France Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 19 France Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 20 Italy Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 21 Italy Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 22 Spain Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 23 Spain Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 24 Rest of  Europe Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 25 Rest of  Europe Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 26 East Asia Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 27 East Asia Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 28 East Asia Truck-as-a-Service Market Value (US$ Mn), by Country, 2019-2030 

Table 29 China Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 30 China Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 31 Japan Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 32 Japan Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 33 South Korea Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 34 South Korea Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 35 South Asia Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 36 South Asia Truck-as-a-Service Market Value (US$ Mn), by End-use Industry 2019-2030 

Table 37 South Asia Truck-as-a-Service Market Value (US$ Mn), by Country, 2019-2030 

Table 38 India Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 39 India Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 40 ASEAN Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 41 ASEAN Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 42 ANZ Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 43 ANZ Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 44 Middle East & Africa Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 45 Middle East & Africa Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 46 Middle East & Africa Truck-as-a-Service Market Value (US$ Mn), by Country and Sub-region, 2019-2030 

Table 47 GCC Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 48 GCC Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 49 South Africa Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 50 South Africa Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 51 Rest of Middle East & Africa Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030

Table 52 Rest of Middle East & Africa Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 53 Latin America Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 54 Latin America Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 55 Latin America Truck-as-a-Service Market Value (US$ Mn), by Country and Sub-region, 2019-2030 

Table 56 Brazil Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 57 Brazil Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 58 Mexico Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 59 Mexico Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030 

Table 60 Rest of Latin America Truck-as-a-Service Market Value (US$ Mn), by Service Type, 2019-2030 

Table 61 Rest of Latin America Truck-as-a-Service Market Value (US$ Mn), by End-use Industry, 2019-2030  

List of Figures

Figure 1 Global Truck-as-a-Service Market Value (US$ Mn) , 2019-2030 

Figure 2 Global Truck-as-a-Service Market Share, by Service Type, 2019

Figure 3 Global Truck-as-a-Service Market Share, by Service Type, 2030

Figure 4 Global Truck-as-a-Service Market Share, by End-use Industry, 2019

Figure 5 Global Truck-as-a-Service Market Share, by End-use Industry, 2030

Figure 6 Global Truck-as-a-Service Market Share, by Region, 2019

Figure 7 Global Truck-as-a-Service Market Share, by Region, 2030

Figure 8 North America Truck-as-a-Service Market  Value (US$ Mn) Forecast, 2019-2030 

Figure 9 North America Truck-as-a-Service Market Share, by Service Type, 2019

Figure 10 North America Truck-as-a-Service Market Share, by Service Type, 2030

Figure 11 North America Truck-as-a-Service Market Share, by End-use Industry, 2019

Figure 12 North America Truck-as-a-Service Market Share, by End-use Industry, 2030

Figure 13 North America Truck-as-a-Service Market Share, by Country, 2019

Figure 14 North America Truck-as-a-Service Market Share, by Country, 2030

Figure 15 Europe Truck-as-a-Service Market  Value (US$ Mn) Forecast, 2019-2030 

Figure 16 Europe Truck-as-a-Service Market Share, by Service Type, 2019

Figure 17 Europe Truck-as-a-Service Market Share, by Service Type, 2030

Figure 18 Europe Truck-as-a-Service Market Share, by End-use Industry, 2019

Figure 19 Europe Truck-as-a-Service Market Share, by End-use Industry, 2030

Figure 20 Europe Truck-as-a-Service Market Share, by Country and Sub-region, 2019

Figure 21 Europe Truck-as-a-Service Market Share, by Country and Sub-region, 2030

Figure 22 East Asia Truck-as-a-Service Market  Value (US$ Mn) Forecast, 2019-2030 

Figure 23 East Asia Truck-as-a-Service Market Share, by Service Type, 2019

Figure 24 East Asia Truck-as-a-Service Market Share, by Service Type, 2030

Figure 25 East Asia Truck-as-a-Service Market Share, by End-use Industry, 2019

Figure 26 East Asia Truck-as-a-Service Market Share, by End-use Industry, 2030

Figure 27 East Asia Truck-as-a-Service Market Share, by Country, 2019

Figure 28 East Asia Truck-as-a-Service Market Share, by Country, 2030

Figure 29 South Asia Truck-as-a-Service Market  Value (US$ Mn), 2019-2030 

Figure 30 South Asia Truck-as-a-Service Market Share, by Service Type, 2019

Figure 31 South Asia Truck-as-a-Service Market Share, by Service Type, 2030

Figure 32 South Asia Truck-as-a-Service Market Share, by End-use Industry, 2019

Figure 33 South Asia Truck-as-a-Service Market Share, by End-use Industry, 2030

Figure 34 South Asia Truck-as-a-Service Market Share, by Country and Sub-region, 2019

Figure 35 South Asia Truck-as-a-Service Market Share, by Country and Sub-region, 2030

Figure 36 Middle East & Africa Truck-as-a-Service Market  Value (US$ Mn), 2019-2030 

Figure 37 Middle East & Africa Truck-as-a-Service Market Share, by Service Type, 2019

Figure 38 Middle East & Africa Truck-as-a-Service Market Share, by Service Type, 2030

Figure 39 Middle East & Africa Truck-as-a-Service Market Share, by End-use Industry, 2019

Figure 40 Middle East & Africa Truck-as-a-Service Market Share, by End-use Industry, 2030

Figure 41 Middle East & Africa Truck-as-a-Service Market Share, by Country and Sub-region, 2019

Figure 42 Middle East & Africa Truck-as-a-Service Market Share, by Country and Sub-region, 2030

Figure 43 Latin America Truck-as-a-Service Market  Value (US$ Mn), 2019-2030 

Figure 44 Latin America Truck-as-a-Service Market Share, by Service Type, 2019

Figure 45 Latin America Truck-as-a-Service Market Share, by Service Type, 2030

Figure 46 Latin America Truck-as-a-Service Market Share, by End-use Industry, 2019

Figure 47 Latin America Truck-as-a-Service Market Share, by End-use Industry, 2030

Figure 48 Latin America Truck-as-a-Service Market Share, by Country and Sub-region, 2019

Figure 49 Latin America Truck-as-a-Service Market Share, by Country and Sub-region, 2030

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Truck-as-a-Service Market