Developments in autonomous driving technology would result in the creation of autonomous driving services, such as platooning technology, which can be offered on a subscription model. Platooning is touted to result in fuel savings of 4-11% per truck.
Digital freight brokerage, telematics services, business analytics, digitalization of retail and platooning are expected to rapidly expand the TaaS market from $13.26 billion in 2018 to over $79.42 billion in 2025. Digital freight brokerage is expected to be the biggest service revenue opportunity with a revenue potential of $54.24 billion.
The global telematics devices market is expected to grow from 25.7M units in 2018 to 73.1M in 2025, growing at a CAGR of 16.1%. This will translate into service revenue growth from $5.14 billion in 2018 to $16.51 billion in 2025.
With rising connectivity, data security becomes a core issue. Governments and the truck industry will have to work together to make digitally-enabled service solutions more pragmatic, safe, and environmentally friendly. Increasing use of light-weighting features will make room for the additional payload to accommodate new devices.
Key Issues Addressed
- What are the key new revenue opportunities emerging in the truck market?
- What is driving the shift of trucking from a product business to a service business?
- What is the futuristic strategy orientation of key truck OEMs?
- What is the revenue potential of digital freight brokerage and truck telematics services in 2025?
- What is the revenue potential of digital retailing and business analytics in the trucking industry in 2025?
- What are the key initiatives, in terms of new products, that industry stakeholders need to take?
Into 2025, the trucking industry will experience high integration of real-time diagnostics, online booking of services and repairs, remote repairs, assisted repairs, and remote diagnostics and prognostics. OEMs will look to tap into these opportunities for revenue growth by investing in start-ups involved in digital technologies.
- Dealership/OEM Omni-channel Retailing Strategy
- Connectivity Solutions / Predictive Analytics
- Daimler Truck & Bus
- Fleet Advantage
- Fleet Complete
- MAN Truck & Bus
- Nikola Motor Company
- Tata Motors
- TRATON Group
1. Executive Summary
2. Research Scope, Objectives, Background, and Methodology
3. Definitions and Segmentation
4. Evolution of Truck as a Service (TaaS)
6. Digital Freight Brokerage
7. Digital Retailing
9. Business Analytics
10. Blockchain – A Key New Technology for Services
11. Truck OEM Activities in TaaS
12. Growth Opportunities in TaaS
13. Key Conclusions and Future Outlook
For more information about this report visit www.researchandmarkets.com/research/2w4xsl/global?w=4