Truck-as-a-Service Market:
Executive Summary
The convergence of technologies in the trucking industry is providing a platform for various stakeholders to build solution and service-based revenue models. As commercial trucks increasingly integrate a plethora of service and telematics devices beyond tracking, from prognostics to asset management to driver behavior management are being enabled. Also, the digitalizing the freight brokerage process has had the greatest impact on reducing empty miles and emissions, improving freight efficiency and as well as lowering the cost of trucking. The key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. The growth of the market is attributed owing to the implementation of various technologies such as implementation of telematics in trucking service. As per the US Department of Transportation Motor Carrier Safety Administration’s Regulatory Impact Analysis anticipated that the industry would save USD 2.44 billion administrative costs and 31 lives through the use of telematics. As a result, telematics is gaining popularity in truck-as-a-service as it reduces fuel costs, improve driver and dispatcher performance, transform safety and increase mechanical alert functionality. Using telematics, truck-as a service and transportation and supply chain focused organization will position themselves for future success. This will create lucrative aspect for the growth of the market. However, analyzing truck data to improve service operation can be an issue for fleet managers which is hampering the growth of this market.
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The regional analysis of global Truck-as-a-Service market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region as the region is set to witness construction & infrastructure boom in the coming five years with a healthy spread of projects shared between residential, commercial, and industrial. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Daimler Truck & Bus
Fleet Advantage
Fleet Complete
MAN Truck & Bus
Trimble Transportation Enterprise Solutions
Traton SE
Tata Motors
Scania AB
PACCAR Inc.
Navistar International
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Digital Freight Brokerage
Telematics Services
Business Analytics
Digitalization of Retail and Platooning
By Application:
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Double Glazing Glass Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…
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NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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