The global market for Truck-as-a-Service (TaaS) was valued at US$34.7 Billion in 2024 and is projected to reach US$105.9 Billion by 2030, growing at a CAGR of 20.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
In recent years, the TaaS market has seen significant advancements and growth. Major automotive manufacturers, technology firms, and logistics companies are increasingly investing in TaaS solutions. For example, established brands like Volvo, Daimler, and MAN have launched their own TaaS platforms, while tech companies like Uber Freight and Convoy are creating digital freight matching services. Additionally, startups are entering the market, bringing innovative approaches and specialized solutions. The integration of electric and autonomous trucks is further transforming the TaaS landscape, promising lower operational costs and increased safety. These developments are supported by robust infrastructure investments, government regulations promoting sustainable transportation, and the increasing adoption of smart city initiatives.
The growth in the TaaS market is driven by several factors. One primary driver is the rising demand for efficient and cost-effective logistics solutions amid the boom in e-commerce and just-in-time delivery models. Technological advancements, including AI, IoT, and blockchain, are enabling real-time tracking, transparent supply chains, and predictive analytics, enhancing service reliability and efficiency. The shift towards electric and autonomous vehicles is also a significant growth factor, as they offer lower fuel costs, reduced emissions, and the potential for 24/7 operations. Additionally, changing consumer behavior towards shared services and subscription models, combined with the growing need for sustainable transportation solutions, is fueling the adoption of TaaS. Moreover, the global push for reducing carbon footprints and stringent regulatory frameworks mandating greener logistics practices are compelling companies to explore TaaS as a viable alternative to traditional truck ownership.
Global Truck-as-a-Service (TaaS) Market - Key Trends and Drivers Summarized
Truck-as-a-Service (TaaS) is an innovative business model reshaping the logistics and transportation industry. It provides fleet management solutions that enable companies to utilize trucks without owning them. Instead of purchasing and maintaining a fleet, businesses can subscribe to TaaS for various services, including vehicle leasing, maintenance, telematics, insurance, and driver management. This model offers flexibility, reduced capital expenditure, and operational efficiency, making it particularly attractive for small to medium-sized enterprises (SMEs) and companies with fluctuating transportation needs. TaaS providers leverage advanced technologies such as IoT, AI, and big data analytics to offer predictive maintenance, optimize routes, and enhance overall fleet performance, thus improving delivery times and reducing costs.In recent years, the TaaS market has seen significant advancements and growth. Major automotive manufacturers, technology firms, and logistics companies are increasingly investing in TaaS solutions. For example, established brands like Volvo, Daimler, and MAN have launched their own TaaS platforms, while tech companies like Uber Freight and Convoy are creating digital freight matching services. Additionally, startups are entering the market, bringing innovative approaches and specialized solutions. The integration of electric and autonomous trucks is further transforming the TaaS landscape, promising lower operational costs and increased safety. These developments are supported by robust infrastructure investments, government regulations promoting sustainable transportation, and the increasing adoption of smart city initiatives.
The growth in the TaaS market is driven by several factors. One primary driver is the rising demand for efficient and cost-effective logistics solutions amid the boom in e-commerce and just-in-time delivery models. Technological advancements, including AI, IoT, and blockchain, are enabling real-time tracking, transparent supply chains, and predictive analytics, enhancing service reliability and efficiency. The shift towards electric and autonomous vehicles is also a significant growth factor, as they offer lower fuel costs, reduced emissions, and the potential for 24/7 operations. Additionally, changing consumer behavior towards shared services and subscription models, combined with the growing need for sustainable transportation solutions, is fueling the adoption of TaaS. Moreover, the global push for reducing carbon footprints and stringent regulatory frameworks mandating greener logistics practices are compelling companies to explore TaaS as a viable alternative to traditional truck ownership.
Report Scope
The report analyzes the Truck-as-a-Service (TaaS) market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Service (Telematics, Digital Freight Brokerage, Digital Retailing, Truck Platooning, Other Services); End-Use (Fast Moving Consumer Goods (FMCG) End-Use, Manufacturing End-Use, Food & Beverage End-Use, Automotive & Transportation End-Use, Retail End-Use, Pharmaceuticals & Healthcare End-Use, Other End-Uses).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Telematics Service segment, which is expected to reach US$64.5 Billion by 2030 with a CAGR of a 20.9%. The Digital Freight Brokerage Service segment is also set to grow at 23.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $9.3 Billion in 2024, and China, forecasted to grow at an impressive 28.5% CAGR to reach $27.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bosch Service Solutions GmbH, Continental Automotive Technologies GmbH, Fleet Complete, Inseego Corporation, MAN Truck & Bus SE and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Truck-as-a-Service (TaaS) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Truck-as-a-Service (TaaS) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Truck-as-a-Service (TaaS) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 48 major companies featured in this Truck-as-a-Service (TaaS) market report include:
- Bosch Service Solutions GmbH
- Continental Automotive Technologies GmbH
- Fleet Complete
- Inseego Corporation
- MAN Truck & Bus SE
- Microlise Limited
- Octo Group S.p.A
- Ryder System, Inc.
- Tata Elxsi Limited
- Traton SE
- Trimble Transportation
- Verizon Connect
- Volta Commercial Vehicles Ltd. (Volta Trucks)
- Wabash National Corporation
- WattEV Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bosch Service Solutions GmbH
- Continental Automotive Technologies GmbH
- Fleet Complete
- Inseego Corporation
- MAN Truck & Bus SE
- Microlise Limited
- Octo Group S.p.A
- Ryder System, Inc.
- Tata Elxsi Limited
- Traton SE
- Trimble Transportation
- Verizon Connect
- Volta Commercial Vehicles Ltd. (Volta Trucks)
- Wabash National Corporation
- WattEV Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 303 |
| Published | March 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 34.7 Billion |
| Forecasted Market Value ( USD | $ 105.9 Billion |
| Compound Annual Growth Rate | 20.4% |
| Regions Covered | Global |
