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Truck-as-a-Service Market Value Analysis: What Growth Lies Ahead Over The Forecast Period?
The truck-as-a-service market size has demonstrated exponential growth over recent years. It is forecasted to expand from $42.64 billion in 2025 to $52.96 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 24.2%. This historical growth can be ascribed to several factors, including increasing fleet ownership costs, a heightened demand for outsourced transport services, the development of digital logistics platforms, the broadening of managed fleet services, and an intensified focus on cost predictability.
The truck-as-a-service market size is anticipated to undergo significant growth in the coming years. It is forecast to grow to $122.26 billion in 2030, achieving a compound annual growth rate (CAGR) of 23.3%. This expansion during the projection period can be attributed to the rising embrace of autonomous and connected trucks, an increasing need for data-driven fleet management, the proliferation of usage-based transport services, a growing emphasis on emission-optimized trucking frameworks, and the expanding integration of AI-based logistics platforms. Prominent trends for the forecast period include the increasing adoption of subscription-based trucking models, the rising implementation of advanced fleet telematics services, the growing incorporation of predictive maintenance analytics, the broadening of digital freight brokerage platforms, and an intensified focus on optimizing fleet utilization.
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Truck-as-a-Service Market Growth Factors: What’s Supporting Expansion?
A growing scarcity of drivers is anticipated to fuel the expansion of the truck-as-a-service market in the future. Driver shortages define a scenario where there are not enough qualified individuals available to work as drivers, particularly in sectors such as transportation and logistics. Truck-as-a-service offers a solution by including access to professional drivers within its offering, which helps ease problems with hiring and keeping staff. For example, an April 2024 report from the Switzerland-based International Road Transport Union (IRU) indicated that the EU, Norway, and the UK are currently short of more than 233,000 truck drivers, a figure expected to surpass 745,000 by 2028 if no measures are taken, largely due to retirements. European truck drivers, on average, receive wages 55% higher than the national minimum wage, with salaries in the Netherlands reaching up to 133%. Consequently, the escalating lack of drivers is a key factor boosting the truck-as-a-service market.
Truck-as-a-Service Market Segment Trends And Revenue Contributors
The truck-as-a-service market covered in this report is segmented –
1) By Service: Digital Freight Brokerage, Telematics, Data Analytics, Truck Platooning
2) By Business Model Or Service Delivery Type: Truck Leasing Or Rental Services, Managed Fleet Services, On-Demand Trucking Or Digital Platforms, Subscription-Based Truck Services
3) By End-User: Chemicals, Pharmaceutical And Healthcare, Fast-Moving Consumer Goods, Food And Beverages, Other End-Users
Subsegments:
1) By Digital Freight Brokerage: Online Freight Matching Platforms, Freight Management Solutions
2) By Telematics: Vehicle Tracking Systems, Fleet Management Solutions
3) By Data Analytics: Predictive Maintenance Analytics, Route Optimization Analytics
4) By Truck Platooning: Autonomous Platooning Solutions, Cooperative Driving Systems
Truck-as-a-Service Market Industry Trends: What’s Reshaping Demand?
Leading companies in the truck-as-a-service market are concentrating on developing innovative solutions, such as usage-based truck leasing options. A usage-based truck leasing option refers to a flexible and dynamic leasing arrangement for commercial trucks, where the cost of the lease is determined based on the actual usage or mileage of the vehicle rather than a fixed monthly rate. For instance, in December 2023, Mack Trucks, Inc., a US-based truck manufacturing company, announced the launch of its ‘ElectriFi Subscription Program’. This subscription program is designed by the company for its MD Electric medium-duty truck. Through this subscription, customers have the flexibility to pay based on the miles they drive each month, adopting a pay-as-you-go approach. Subscriptions commence with a minimum duration of three years, and customers have the option to extend up to six years. Upon reaching the subscription term’s conclusion, customers can choose to renew, acquire the truck, or conclude the contract. The subscription fee is tiered and determined based on a minimum monthly mileage of 1,700 miles.
Truck-as-a-Service Market Competitive Landscape: Which Companies Lead The Industry?
Major companies operating in the truck-as-a-service market are Volkswagen AG, Daimler Truck AG, C.H. Robinson Worldwide Inc., MAN Truck & Bus SE, Ryder System Inc., Penske Truck Leasing Co. L.P., XPO Logistics Inc., Landstar System Inc., Knight-Swift Transportation Holdings Inc., Schneider National Inc., Old Dominion Freight Line Inc., ArcBest Corporation, YRC Worldwide Inc., Trimble Inc., Werner Enterprises Inc., J.B. Hunt Transport Services Inc., NFI Industries Inc., Saia Inc., Universal Logistics Holdings Inc., Marten Transport Ltd., Covenant Logistics Group Inc., Heartland Express Inc., USA Truck Inc., Roadrunner Transportation Systems Inc., Road One Inc., P.A.M. Transportation Services Inc., Fleet Complete, Estes Express Lines, Fleet Advantage LLC., A. Duie Pyle, AAA Cooper Transportation, Dayton Freight Lines Inc., Oak Harbor Freight Lines Inc., Pitt Ohio Express LLC, Ruan Transportation Management Systems, Southeastern Freight Lines
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Truck-as-a-Service Market Global Footprint: Which Region Leads The Market?
North America was the largest region in the truck-as-a-service market in 2025. The regions covered in the truck-as-a-service market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
