The Truck-as-a-Service Global Market Report 2023, provides comprehensive information on the truck-as-a-service market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Truck-as-a-Service Global Market Report 2023, the global truck-as-a-Service market size is expected to grow from $22.27 billion in 2022 to $28.08 billion in 2023 at a compound annual growth rate (CAGR) of 26.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global truck-as-a-Service market size is expected to reach $66.97 billion in 2027 at a CAGR of 24.3%.
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Product innovations have emerged as the key trend gaining popularity in the truck-as-a-service market. Major companies operating in the truck-as-a-service market are developing innovative products to strengthen their position in the market. For instance, in April 2022, Quantron, a Germany-based provider of vehicle electrification and hydrogen-powered e-mobility services intended for commercial vehicles, launched Qargo 4 EV, a brand-new electric truck for Quantron’s truck-as-a-service business model. The truck has unique features such as a 3,300-millimeter wheelbase, a 4,500-kilogram gross vehicle weight, and a payload of 1,600 kg. A light vehicle created specifically to meet the needs of last-mile urban distribution. The new Qargo 4 electric vehicle Despite the manufacturer’s assurance of 230 km of tested range, the range can travel as far as 350 km. The vehicle has a top speed of 90 kilometers per hour.
The truck-as-a-service market is segmented:
1) By Service: Digital Freight Brokerage, Telematics, Data Analytics, Truck Platooning
2) End-User: Chemicals, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Food And Beverages, Other End-Users
North America was the largest region in the truck-as-a-service market in 2022.
The table of contents in TBRC’s truck-as-a-service market report includes:
- Executive Summary
- Truck-as-a-Service Market Characteristics
- Truck-as-a-Service Market Trends And Strategies
- Truck-as-a-Service Market – Macro Economic Scenario
- Truck-as-a-Service Market Size And Growth
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- Africa Truck-as-a-Service Market
- Truck-as-a-Service Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Truck-as-a-Service Market
- Truck-as-a-Service Market Future Outlook and Potential Analysis
- Appendix
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