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Truck-as-a-Service (TaaS) Market Share

Report ID: GMI6503
Published Date: Jul 2024
Report Format: PDF

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Truck-as-a-Service Market Share

Ryder System, Inc., Robert Bosch GmbH, and Verizon Connect hold a significant market share of 18 %. In the evolving Truck-as-a-Service sector, a range of players vie for dominance across technology, logistics solutions, and fleet management. Key focuses include telematics for efficient tracking and driver management, digital freight brokerage for streamlined logistics, and advanced analytics for optimizing operational efficiency. This landscape is shaped by innovations in truck platooning, blockchain integration for secure transactions, and tailored services catering to diverse industry needs, from automotive to pharmaceutical logistics.

In the market, competition thrives on innovation and efficiency across the logistics value chain. Technologies such as telematics and digital retailing redefine fleet management, while advancements in blockchain and business analytics enhance transparency and decision-making. Companies differentiate through specialized services tailored for diverse industries like manufacturing, retail, and healthcare, aiming to streamline operations and meet evolving customer demands globally.

Truck-as-a-Service Market Companies

The major players operating in the truck as a service industry are:

Trimble Transportation
Verizon Connect
Tata Motors
Robert Bosch GmbH
Ryder System, Inc.
Uber Freight
PACCAR Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of truck-as-a-service (TaaS) reached USD 29.5 billion in 2023 and is set to witness over 25% CAGR between 2024 and 2032, led by the increasing focus on sustainability and the adoption of electric and alternative fuel technologies.

The automotive & transportation end user industry segment accounted for 28% of the truck-as-a-service (TaaS) industry share in 2023, due to robust experience in fleet management, vehicle manufacturing, and logistics core components.

North America market recorded over 35% share in 2023, owing to increased focus on integrating advanced telematics and digital freight solutions to optimize logistics operations.

Trimble Transportation, Verizon Connect, Tata Motors, Robert Bosch GmbH, Ryder System, Inc., Uber Freight, and PACCAR Inc.