Truck Platooning Trends and Forecast
The future of the global truck platooning market looks promising with opportunities in the driver-assistive truck platooning and autonomous truck platooning markets. The global truck platooning market is expected to grow with a CAGR of 23.9% from 2024 to 2030. The major drivers for this market are ongoing technical developments in the automotive industry, rapid digitization and industrialization, as well as, rise in traffic safety, as well as tactical cooperation between industry participants and public-private partnerships.Truck Platooning by Segment
The study includes a forecast for the global truck platooning by technology, component, communication technology, platooning type, and region.Truck Platooning Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
- Active Brake Assist
- Lane Keep Assist
- Adaptive Cruise Control
- Blind Spot Warning
- Forward Collision Avoidance
- Others
Truck Platooning Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Hardware
- Software
Truck Platooning Market by Communication Technology [Shipment Analysis by Value from 2018 to 2030]:
- Vehicle-To-Vehicle
- Vehicle-To-Infrastructure
Truck Platooning Market by Platooning Type [Shipment Analysis by Value from 2018 to 2030]:
- Driver-Assistive Truck Platooning
- Autonomous Truck Platooning
Truck Platooning Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Truck Platooning Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies truck platooning companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the truck platooning companies profiled in this report include:
- Scania
- AB Volvo
- DAF Trucks
- Mercedes-Benz
- Robert Bosch
- IVECO
- Continental
- TOYOTA MOTOR
- Bendix
- Peloton Technology
Truck Platooning Market Insights
The publisher forecasts that adaptive cruise control will remain the largest segment over the forecast period.Within this market, driver-assistive truck platooning will remain larger segment .
North America will remain the largest region over the forecast period due to substantial presence in the area of companies offering truck platooning services.
Features of the Global Truck Platooning Market
- Market Size Estimates: Truck platooning market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Truck platooning market size by technology, component, communication technology, platooning type, and region in terms of value ($B).
- Regional Analysis: Truck platooning market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different technology, component, communication technology, platooning type, and regions for the truck platooning market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the truck platooning market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for truck platooning market?Answer: The global truck platooning market is expected to grow with a CAGR of 23.9% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the truck platooning market?
Answer: The major drivers for this market are ongoing technical developments in the automotive industry, rapid digitization and industrialization, as well as, rise in traffic safety, as well as tactical cooperation between industry participants and public-private partnerships.
Q3. What are the major segments for truck platooning market?
Answer: The future of the global truck platooning market looks promising with opportunities in the driver-assistive truck platooning and autonomous truck platooning markets.
Q4. Who are the key truck platooning market companies?
Answer: Some of the key truck platooning companies are as follows:
- Scania
- AB Volvo
- DAF Trucks
- Mercedes-Benz
- Robert Bosch
- IVECO
- Continental
- TOYOTA MOTOR
- Bendix
- Peloton Technology
Answer: The publisher forecasts that adaptive cruise control will remain the largest segment over the forecast period.
Q6. In truck platooning market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to substantial presence in the area of companies offering truck platooning services.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the truck platooning market by technology (active brake assist, lane keep assist, adaptive cruise control, blind spot warning, forward collision avoidance, and others), component (hardware and software), communication technology (vehicle-to-vehicle and vehicle-to-infrastructure), platooning type (driver-assistive truck platooning and autonomous truck platooning), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Scania
- AB Volvo
- DAF Trucks
- Mercedes-Benz
- Robert Bosch
- IVECO
- Continental
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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