Europe Connected Truck Market (2024-2030) | Outlook, Industry, Analysis, Forecast, Share, Size, Companies, Value, Trends, Revenue & Growth
Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Range (DSRC , Cellular), By Service (Fleet Management , Cybersecurity & Updates), By Component (Hardware , Software) And Competitive Landscape
| Product Code: ETC4612571 | Publication Date: Jul 2023 | Updated Date: Oct 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Europe Connected Truck Market Highlights
| Report Name | Europe Connected Truck Market |
| Forecast period | 2024-2030 |
| Market Size | USD 23.2 billion |
| CAGR | 15.6% |
Topics Covered in the Europe Connected Truck Market Report
The Europe Connected Truck Market report thoroughly covers the market by countries, range, service and component. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Connected Truck Market Size & Analysis
The Europe connected truck market is projected to reach $23.2 billion, growing at a CAGR of 15.6% during the forecast period. The increasing demand for efficient logistics solutions, government initiatives promoting connected trucks, and advancements in vehicle technology are expected to drive this growth.
Europe Connected Truck Market Synopsis
The Europe Connected Truck Market is expected to experience steady growth during the forecast period. This growth can be attributed to factors such as increasing demand for efficient logistics solutions, government initiatives promoting connected trucks, and advancements in vehicle technology.
According to 6Wresearch, Europe Connected Truck Market size is expected to grow at a CAGR 15.6% during 2024-2030. One of the main drivers for the growth of the Europe connected truck market is the need for more efficient transportation solutions. With the rise in e-commerce and globalization, there has been a significant increase in demand for faster and more reliable logistics services. Connected trucks enable fleet operators to track their vehicles in real-time, optimize routes, monitor fuel consumption, and improve overall operational efficiency.
These benefits make connected trucks an attractive option for companies looking to streamline their supply chain operations, further stimulating Europe Connected Truck Market growth. Despite the potential benefits, there are also some challenges that need to be addressed for the widespread adoption of connected trucks in Europe. One of the main challenges is the high initial cost of implementing these technologies, which can be a barrier for smaller companies with limited budgets. Additionally, concerns about data privacy and cybersecurity may also hinder the adoption of connected trucks.
Europe Connected Truck Market Trends
Some of the major trends in the Europe connected truck market include the integration of advanced technologies such as AI, ADAS, and predictive maintenance systems, as well as the rise of autonomous driving. There is also a growing focus on data analytics and connectivity solutions that can provide real-time insights to fleet operators for better decision-making, there is an increasing emphasis on sustainability and reducing carbon emissions through the use of connected trucks. These trends are expected to shape the future of the market and drive further growth.
Investment Opportunities In the Europe Connected Truck Market
With the rapid growth of the Europe connected truck market, there are numerous investment opportunities for companies looking to enter this sector. Some potential areas for investment include developing advanced connectivity solutions, enhancing existing technologies to improve efficiency and safety, and expanding into new markets within Europe.
There is also a growing demand for software and data analytics platforms that can help fleet operators manage their operations more effectively. Furthermore, with the increasing focus on sustainability in the transportation industry, investing in eco-friendly technologies for connected trucks could also prove to be a lucrative opportunity.
Leading Players of the Europe Connected Truck Market
Some of the key players in the Europe connected truck market include Daimler AG, Volvo Group, Scania AB, MAN Truck & Bus AG, and Continental AG. These companies are investing heavily in research and development to enhance their existing connectivity solutions and develop new ones to meet the growing demand for connected trucks.
Government Regulations Introduced in the Europe Connected Truck Market
To support the growth of the Europe connected truck market, governments across the region have launched various initiatives. For instance, in 2018, the European Union (EU) introduced a new regulation that requires all new trucks sold in the EU to be equipped with advanced safety features such as emergency braking and lane departure warning systems. This regulation is aimed at improving road safety and promoting the adoption of connected technologies in commercial vehicles.
Future Insights of the Europe Connected Truck Market
The future of connected trucks in Europe looks promising, with advancements in technology and increasing investments by key players. In addition to improving operational efficiency, connected trucks also have the potential to reduce carbon emissions and contribute towards sustainable transportation.
With further developments in areas such as autonomous driving and predictive maintenance, the Europe connected truck market is expected to witness significant growth in the coming years. Therefore, it is essential for companies operating in the logistics and transportation sector to stay updated on these trends and invest in connected truck solutions to stay competitive in the market.
Market Segmentation Analysis
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany to Dominate the Market - By Country
According to Ravi Bhandari, Research Head, 6wresearch, Germany is the leading country in terms of demand for connected trucks, with a market share of 27.3%. This can be attributed to the high adoption of advanced technology and efficient logistics solutions within the country's well-developed transportation sector.
Hardware to Dominate the Market - By Component
Hardware components are the leading category in terms of demand, with a market share of 61.8%. This can be attributed to the growing adoption of advanced sensors and devices for connectivity and data collection purposes.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Europe Connected Truck Market Outlook
- Market Size of Europe Connected Truck Market, 2023
- Forecast of Europe Connected Truck Market, 2030
- Historical Data and Forecast of Europe Connected Truck Revenues & Volume for the Period 2020 - 2030
- Europe Connected Truck Market Trend Evolution
- Europe Connected Truck Market Drivers and Challenges
- Europe Connected Truck Price Trends
- Europe Connected Truck Porter's Five Forces
- Europe Connected Truck Industry Life Cycle
- Historical Data and Forecast of Europe Connected Truck Market Revenues & Volume By Range for the Period 2020 - 2030
- Historical Data and Forecast of Europe Connected Truck Market Revenues & Volume By DSRC for the Period 2020 - 2030
- Historical Data and Forecast of Europe Connected Truck Market Revenues & Volume By Cellular for the Period 2020 - 2030
- Historical Data and Forecast of Germany Connected Truck Market Revenues & Volume By Range for the Period 2020 - 2030
- Historical Data and Forecast of Germany Connected Truck Market Revenues & Volume By DSRC for the Period 2020 - 2030
- Historical Data and Forecast of Germany Connected Truck Market Revenues & Volume By Cellular for the Period 2020 - 2030
- Historical Data and Forecast of United Kingdom Connected Truck Market Revenues & Volume By Range for the Period 2020 - 2030
- Historical Data and Forecast of United Kingdom Connected Truck Market Revenues & Volume By DSRC for the Period 2020 - 2030
- Historical Data and Forecast of United Kingdom Connected Truck Market Revenues & Volume By Cellular for the Period 2020 - 2030
- Historical Data and Forecast of France Connected Truck Market Revenues & Volume By Range for the Period 2020 - 2030
- Historical Data and Forecast of France Connected Truck Market Revenues & Volume By DSRC for the Period 2020 - 2030
- Historical Data and Forecast of France Connected Truck Market Revenues & Volume By Cellular for the Period 2020 - 2030
- Historical Data and Forecast of Italy Connected Truck Market Revenues & Volume By Range for the Period 2020 - 2030
- Historical Data and Forecast of Italy Connected Truck Market Revenues & Volume By DSRC for the Period 2020 - 2030
- Historical Data and Forecast of Italy Connected Truck Market Revenues & Volume By Cellular for the Period 2020 - 2030
- Historical Data and Forecast of Russia Connected Truck Market Revenues & Volume By Range for the Period 2020 - 2030
- Historical Data and Forecast of Russia Connected Truck Market Revenues & Volume By DSRC for the Period 2020 - 2030
- Historical Data and Forecast of Russia Connected Truck Market Revenues & Volume By Cellular for the Period 2020 - 2030
- Historical Data and Forecast of Spain Connected Truck Market Revenues & Volume By Range for the Period 2020 - 2030
- Historical Data and Forecast of Spain Connected Truck Market Revenues & Volume By DSRC for the Period 2020 - 2030
- Historical Data and Forecast of Spain Connected Truck Market Revenues & Volume By Cellular for the Period 2020 - 2030
- Historical Data and Forecast of Rest of Europe Connected Truck Market Revenues & Volume By Range for the Period 2020 - 2030
- Historical Data and Forecast of Rest of Europe Connected Truck Market Revenues & Volume By DSRC for the Period 2020 - 2030
- Historical Data and Forecast of Rest of Europe Connected Truck Market Revenues & Volume By Cellular for the Period 2020 - 2030
- Historical Data and Forecast of Europe Connected Truck Market Revenues & Volume By Service for the Period 2020 - 2030
- Historical Data and Forecast of Europe Connected Truck Market Revenues & Volume By Fleet Management for the Period 2020 - 2030
- Historical Data and Forecast of Europe Connected Truck Market Revenues & Volume By Cybersecurity & Updates for the Period 2020 - 2030
- Historical Data and Forecast of Germany Connected Truck Market Revenues & Volume By Service for the Period 2020 - 2030
- Historical Data and Forecast of Germany Connected Truck Market Revenues & Volume By Fleet Management for the Period 2020 - 2030
- Historical Data and Forecast of Germany Connected Truck Market Revenues & Volume By Cybersecurity & Updates for the Period 2020 - 2030
- Historical Data and Forecast of United Kingdom Connected Truck Market Revenues & Volume By Service for the Period 2020 - 2030
- Historical Data and Forecast of United Kingdom Connected Truck Market Revenues & Volume By Fleet Management for the Period 2020 - 2030
- Historical Data and Forecast of United Kingdom Connected Truck Market Revenues & Volume By Cybersecurity & Updates for the Period 2020 - 2030
- Historical Data and Forecast of France Connected Truck Market Revenues & Volume By Service for the Period 2020 - 2030
- Historical Data and Forecast of France Connected Truck Market Revenues & Volume By Fleet Management for the Period 2020 - 2030
- Historical Data and Forecast of France Connected Truck Market Revenues & Volume By Cybersecurity & Updates for the Period 2020 - 2030
- Historical Data and Forecast of Italy Connected Truck Market Revenues & Volume By Service for the Period 2020 - 2030
- Historical Data and Forecast of Italy Connected Truck Market Revenues & Volume By Fleet Management for the Period 2020 - 2030
- Historical Data and Forecast of Italy Connected Truck Market Revenues & Volume By Cybersecurity & Updates for the Period 2020 - 2030
- Historical Data and Forecast of Russia Connected Truck Market Revenues & Volume By Service for the Period 2020 - 2030
- Historical Data and Forecast of Russia Connected Truck Market Revenues & Volume By Fleet Management for the Period 2020 - 2030
- Historical Data and Forecast of Russia Connected Truck Market Revenues & Volume By Cybersecurity & Updates for the Period 2020 - 2030
- Historical Data and Forecast of Spain Connected Truck Market Revenues & Volume By Service for the Period 2020 - 2030
- Historical Data and Forecast of Spain Connected Truck Market Revenues & Volume By Fleet Management for the Period 2020 - 2030
- Historical Data and Forecast of Spain Connected Truck Market Revenues & Volume By Cybersecurity & Updates for the Period 2020 - 2030
- Historical Data and Forecast of Rest of Europe Connected Truck Market Revenues & Volume By Service for the Period 2020 - 2030
- Historical Data and Forecast of Rest of Europe Connected Truck Market Revenues & Volume By Fleet Management for the Period 2020 - 2030
- Historical Data and Forecast of Rest of Europe Connected Truck Market Revenues & Volume By Cybersecurity & Updates for the Period 2020 - 2030
- Historical Data and Forecast of Europe Connected Truck Market Revenues & Volume By Component for the Period 2020 - 2030
- Historical Data and Forecast of Europe Connected Truck Market Revenues & Volume By Hardware for the Period 2020 - 2030
- Historical Data and Forecast of Europe Connected Truck Market Revenues & Volume By Software for the Period 2020 - 2030
- Historical Data and Forecast of Germany Connected Truck Market Revenues & Volume By Component for the Period 2020 - 2030
- Historical Data and Forecast of Germany Connected Truck Market Revenues & Volume By Hardware for the Period 2020 - 2030
- Historical Data and Forecast of Germany Connected Truck Market Revenues & Volume By Software for the Period 2020 - 2030
- Historical Data and Forecast of United Kingdom Connected Truck Market Revenues & Volume By Component for the Period 2020 - 2030
- Historical Data and Forecast of United Kingdom Connected Truck Market Revenues & Volume By Hardware for the Period 2020 - 2030
- Historical Data and Forecast of United Kingdom Connected Truck Market Revenues & Volume By Software for the Period 2020 - 2030
- Historical Data and Forecast of France Connected Truck Market Revenues & Volume By Component for the Period 2020 - 2030
- Historical Data and Forecast of France Connected Truck Market Revenues & Volume By Hardware for the Period 2020 - 2030
- Historical Data and Forecast of France Connected Truck Market Revenues & Volume By Software for the Period 2020 - 2030
- Historical Data and Forecast of Italy Connected Truck Market Revenues & Volume By Component for the Period 2020 - 2030
- Historical Data and Forecast of Italy Connected Truck Market Revenues & Volume By Hardware for the Period 2020 - 2030
- Historical Data and Forecast of Italy Connected Truck Market Revenues & Volume By Software for the Period 2020 - 2030
- Historical Data and Forecast of Russia Connected Truck Market Revenues & Volume By Component for the Period 2020 - 2030
- Historical Data and Forecast of Russia Connected Truck Market Revenues & Volume By Hardware for the Period 2020 - 2030
- Historical Data and Forecast of Russia Connected Truck Market Revenues & Volume By Software for the Period 2020 - 2030
- Historical Data and Forecast of Spain Connected Truck Market Revenues & Volume By Component for the Period 2020 - 2030
- Historical Data and Forecast of Spain Connected Truck Market Revenues & Volume By Hardware for the Period 2020 - 2030
- Historical Data and Forecast of Spain Connected Truck Market Revenues & Volume By Software for the Period 2020 - 2030
- Historical Data and Forecast of Rest of Europe Connected Truck Market Revenues & Volume By Component for the Period 2020 - 2030
- Historical Data and Forecast of Rest of Europe Connected Truck Market Revenues & Volume By Hardware for the Period 2020 - 2030
- Historical Data and Forecast of Rest of Europe Connected Truck Market Revenues & Volume By Software for the Period 2020 - 2030
- Europe Connected Truck Market - Key Performance Indicators
- Europe Connected Truck Market - Import Export Trade Statistics
- Europe Connected Truck Market - Opportunity Assessment By Countries
- Europe Connected Truck Market - Opportunity Assessment By Range
- Europe Connected Truck Market - Opportunity Assessment By Service
- Europe Connected Truck Market - Opportunity Assessment By Component
- Europe Connected Truck Market - Top Companies Market Share
- Europe Connected Truck Market - Top Companies Profiles
- Europe Connected Truck Market - Comparison of Players in Technical and Operating Parameters
- Europe Connected Truck Market - Strategic Recommendations
Market Covered
The Europe Connected Truck Market report provides a detailed analysis of the following market segments
By Countries
- Germany
- United Kingdom
- France
- Italy
- Russia
- Spain
- Rest of Europe
By Range
- DSRC
- Cellular
By Service
- Fleet Management
- Cybersecurity & Updates
By Component
- Hardware
- Software
Europe Connected Truck Market (2024-2030): FAQs
The Europe connected truck market is projected to reach $23.2 billion, growing at a CAGR of 15.6% during the forecast period.
Some major trends include the integration of advanced technologies, such as AI and ADAS, rising demand for data analytics and real-time insights, and a focus on sustainability through connected trucks.
Germany currently has the highest demand for connected trucks in Europe, with a market share of 27.3% in 2020.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Europe Connected Truck Market Overview |
| 3.1 Europe Regional Macro Economic Indicators |
| 3.2 Europe Connected Truck Market Revenues & Volume, 2020 & 2030F |
| 3.3 Europe Connected Truck Market - Industry Life Cycle |
| 3.4 Europe Connected Truck Market - Porter's Five Forces |
| 3.5 Europe Connected Truck Market Revenues & Volume Share, By Countries, 2020 & 2030F |
| 3.6 Europe Connected Truck Market Revenues & Volume Share, By Range, 2020 & 2030F |
| 3.7 Europe Connected Truck Market Revenues & Volume Share, By Service, 2020 & 2030F |
| 3.8 Europe Connected Truck Market Revenues & Volume Share, By Component, 2020 & 2030F |
| 4 Europe Connected Truck Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Europe Connected Truck Market Trends |
| 6 Europe Connected Truck Market, 2020 - 2030 |
| 6.1 Europe Connected Truck Market, Revenues & Volume, By Range, 2020 - 2030 |
| 6.2 Europe Connected Truck Market, Revenues & Volume, By Service, 2020 - 2030 |
| 6.3 Europe Connected Truck Market, Revenues & Volume, By Component, 2020 - 2030 |
| 7 Germany Connected Truck Market, 2020 - 2030 |
| 7.1 Germany Connected Truck Market, Revenues & Volume, By Range, 2020 - 2030 |
| 7.2 Germany Connected Truck Market, Revenues & Volume, By Service, 2020 - 2030 |
| 7.3 Germany Connected Truck Market, Revenues & Volume, By Component, 2020 - 2030 |
| 8 United Kingdom Connected Truck Market, 2020 - 2030 |
| 8.1 United Kingdom Connected Truck Market, Revenues & Volume, By Range, 2020 - 2030 |
| 8.2 United Kingdom Connected Truck Market, Revenues & Volume, By Service, 2020 - 2030 |
| 8.3 United Kingdom Connected Truck Market, Revenues & Volume, By Component, 2020 - 2030 |
| 9 France Connected Truck Market, 2020 - 2030 |
| 9.1 France Connected Truck Market, Revenues & Volume, By Range, 2020 - 2030 |
| 9.2 France Connected Truck Market, Revenues & Volume, By Service, 2020 - 2030 |
| 9.3 France Connected Truck Market, Revenues & Volume, By Component, 2020 - 2030 |
| 10 Italy Connected Truck Market, 2020 - 2030 |
| 10.1 Italy Connected Truck Market, Revenues & Volume, By Range, 2020 - 2030 |
| 10.2 Italy Connected Truck Market, Revenues & Volume, By Service, 2020 - 2030 |
| 10.3 Italy Connected Truck Market, Revenues & Volume, By Component, 2020 - 2030 |
| 11 Russia Connected Truck Market, 2020 - 2030 |
| 11.1 Russia Connected Truck Market, Revenues & Volume, By Range, 2020 - 2030 |
| 11.2 Russia Connected Truck Market, Revenues & Volume, By Service, 2020 - 2030 |
| 11.3 Russia Connected Truck Market, Revenues & Volume, By Component, 2020 - 2030 |
| 12 Spain Connected Truck Market, 2020 - 2030 |
| 12.1 Spain Connected Truck Market, Revenues & Volume, By Range, 2020 - 2030 |
| 12.2 Spain Connected Truck Market, Revenues & Volume, By Service, 2020 - 2030 |
| 12.3 Spain Connected Truck Market, Revenues & Volume, By Component, 2020 - 2030 |
| 13 Rest of Europe Connected Truck Market, 2020 - 2030 |
| 13.1 Rest of Europe Connected Truck Market, Revenues & Volume, By Range, 2020 - 2030 |
| 13.2 Rest of Europe Connected Truck Market, Revenues & Volume, By Service, 2020 - 2030 |
| 13.3 Rest of Europe Connected Truck Market, Revenues & Volume, By Component, 2020 - 2030 |
| 14 Europe Connected Truck Market Key Performance Indicators |
| 15 Europe Connected Truck Market - Opportunity Assessment |
| 15.1 Europe Connected Truck Market Opportunity Assessment, By Countries, 2020 & 2030F |
| 15.2 Europe Connected Truck Market Opportunity Assessment, By Range, 2020 & 2030F |
| 15.3 Europe Connected Truck Market Opportunity Assessment, By Service, 2020 & 2030F |
| 15.4 Europe Connected Truck Market Opportunity Assessment, By Component, 2020 & 2030F |
| 16 Europe Connected Truck Market - Competitive Landscape |
| 16.1 Europe Connected Truck Market Revenue Share, By Companies, 2023 |
| 16.2 Europe Connected Truck Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |
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