NEW YORK , May 13, 2022 /PRNewswire/ -- The "Truck-as-a-Service Market by Service and Geography - Forecast and Analysis 2021-2025" has been added to Technavio's offering. The 120-pages report segments the market by service (digital freight brokerage, telematics, data analytics, and truck platooning) and geography (North America , Europe , APAC, MEA, and South America ). The report identifies AB Volvo, Daimler AG, Fleet Advantage LLC, Fleet Complete, Ford Motor Co., Hino Motors Ltd., Microlise Group Plc, Tata Motors Ltd., Trimble Inc., and Volkswagen AG as dominant players in the market.
Technavio expects the global truck-as-a-service market to observe an incremental growth of USD 24.92 billion between 2020 and 2025, expanding at a CAGR of 22.19% during the forecast period.
Download a Sample Report for highlights on the market size, growth momentum, and other important statistics.
The market is fragmented and is characterized by a significant number of established vendors. The competition level in the market is increasing with rise in technological innovations. Major vendors are focusing on the introduction of electric trucks to meet the needs of end-users, such as fleet operators. For instance, in January 2019 , Daimler delivered the first all-electric Freightliner eM2. Such new innovations are likely to provide vendors with a competitive edge over their counterparts.
Although the digital transformation in the trucking industry will offer immense growth opportunities, the shortage of truck drivers will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Purchase our full report for detailed insights on the vendor landscape, new products offered by vendors, and the factors impacting their growth. Read Our Sample Report Before Purchasing
The global truck-as-a-service market is segmented as below:
The digital freight brokerage segment is expected to grow at a rapid pace during the forecast period owing to an increase in the use of smartphones and rising penetration of wireless connectivity and other digital platforms. In addition, the launch of several digital freight brokerage platforms to fulfill the increasing demands of end-users will contribute to the growth of the segment.
North America is expected to account for the largest share in the global truck-as-a-service market during the forecast period. The US and Canada are the major revenue contributors in the region. The increasing demand for truck rental services from both businesses and households is driving the growth of the regional market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our truck-as-a-service market report covers the following areas:
We provide a detailed analysis of around 25 vendors operating in the truck-as-a-service market. Backed with competitive intelligence and benchmarking, our research report on the truck-as-a-service market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Truck-as-a-Service Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist truck-as-a-service market growth during the next five years
Estimation of the truck-as-a-service market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the truck-as-a-service market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of truck-as-a-service market vendors
Road Freight Transport Market in Colombia by End-user and Type - Forecast and Analysis 2022-2026
Heavy-duty Trucks Market in Europe by Type and Geography - Forecast and Analysis 2021-2025
Accelerate at a CAGR of 22.19%
North America, Europe, APAC, MEA, and South America
US, China, Canada, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
AB Volvo, Daimler AG, Fleet Advantage LLC, Fleet Complete, Ford Motor Co., Hino Motors Ltd., Microlise Group Plc, Tata Motors Ltd., Trimble Inc., and Volkswagen AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Market outlook: Forecast for 2020 - 2025
Digital freight brokerage - Market size and forecast 2020-2025
Telematics - Market size and forecast 2020-2025
Data analytics - Market size and forecast 2020-2025
Truck platooning - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
Currency conversion rates for US$
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/usd-24-92-bn-growth-opportunity-in-truck-as-a-service-market--digital-transformation-in-the-trucking-industry-to-drive-growth--technavio-301546167.html
Stop investing in mediocre businesses. Buy the best, instead.
Fight back against inflation. This is how Dalio does it.
When Buffett buys, the market listens.
(Bloomberg) -- Bill Gates has a short position against Tesla Inc. that would now need between $1.5 billion and $2 billion to close out, Elon Musk said Friday in a series of tweets.Most Read from BloombergElon Musk Says Bill Gates Has ‘Multi-Billion Dollar’ Tesla Short PositionElizabeth Holmes Urges Judge to Overturn Verdict and Acquit HerWalmart, Gap and Others Amass $45 Billion in Extra Stuff to SellRussian Wins in Eastern Ukraine Spark Debate Over Course of WarUkraine Latest: EU Leaders Talk t
Amazon's stock split will take place on June 3 and you'll end up with more shares in your account if you qualify.
With inflation sky high and the Federal Reserve tightening monetary policy in response, 2022 is sure to be one of the more volatile years for the stock market in at least the last decade. Three Motley Fool.com contributors think Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), Universal Display (NASDAQ: OLED), and Kulicke and Soffa Industries (NASDAQ: KLIC) are cash cows ideally positioned to thrive. The "Snap" that broke the camel's back?
The stock market pulled back from the brink of a bear market as rate-hike expectations eased, at least for now. Here's what it will take to signal a bottom.
If we can find high-quality stocks with high dividend yields, all the better. In this article, we'll take a look at three high-yield stocks that are also attractive on a total return basis. The company targets the lower end of the market with smaller, more attainable single-family homes in 15 states in the U.S. In addition, it has a mortgage-origination business for its homebuyers, insurance coverage for the homes it sells, and related products and services.
Real estate mogul Barbara Corcoran didn't mince words when asked about Tesla (TSLA) CEO Elon Musk's recent behavior.
These rapidly growing stocks are begging to be bought following a more than 30% peak decline in the Nasdaq.
Meanwhile, the growth-stock-focused Nasdaq Composite is off 30% from its November record closing high. Going shopping during steep corrections and bear markets offers investors the opportunity to buy innovative growth stocks that can deliver transformational wealth...with some patience, of course. What follows are five examples of growth stocks with supercharged return potential that can, over many years or decades, put investors on a path to complete financial independence.
‘Both are insistent that I'm taking money that is morally theirs. There's no changing their mind.’
Dividends are the bread and butter of income investors. You don't need to sell your assets or spend hours every day managing your accounts. Instead, dividend stocks simply generate income on their own. Putting together a portfolio that generates at least … Continue reading → The post How to Make $1,000 a Month in Dividends appeared first on SmartAsset Blog.
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
The stock market ended its multiweek losing streak, and like a sports team that finally got a win, it’s worth celebrating. It just doesn’t mean the team—or this stock market—is any good. “Stocks finally enjoyed a strong bounce this week,” writes Canaccord Genuity analyst Martin Roberge.
(Bloomberg) -- The stock market has staged a ferocious rebound in the past week after almost falling into a bear market. Don’t get too excited about that, says Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth.Most Read from BloombergElon Musk Says Bill Gates Has ‘Multi-Billion Dollar’ Tesla Short PositionElizabeth Holmes Urges Judge to Overturn Verdict and Acquit HerWalmart, Gap and Others Amass $45 Billion in Extra Stuff to SellRussian Wins in Eastern U
Stocks have been inching back in recent days from the brink of bear market territory. It may be time to scoop up shares at steep discounts.
The stock market selloff has made many stocks look cheap—but smart investors need to be selective. Here are six high-quality companies that trade at reasonable valuations.
Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. These equities, priced below $5 per share, typically offer high upside potentials. Even a small gain in share price – just a few cents – quickly translates into a high yield return. Of course, the risk is real, too; not every penny stock is going to show th
The major indexes snapped weekly losing streaks as a confirmed market rally added to gains Friday. How aggressive should you be?