Driven by the growth of consumer spending and the rapid development of digital e-commerce, as the most important means of goods circulation, the scale of the road freight industry has risen rapidly all over the world in the past 10 years. According to the Research and Market, the global heavy trucks market is expected to grow from $201.52 billion in 2020 to $221.85 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. Most fleet management applies gps tracker for trucks with truck gps tracking system, but they are far from enough in safety, check more about Lotim Cloud's heavy-duty truck GPS tracking solution.
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