Report Description Table Of Content Research Methodology Download Free Sample

Market Snapshot

CAGR:9

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	9

Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries

Download Sample Pdf

Report Overview

Platooning of Trucks Market Analysis Report 2023-2032: The Platooning of Trucks Market size is projected to experience substantial growth, with an estimated CAGR of 6.8% between 2022 and 2032. This market is anticipated to expand by USD 12,356.78 million during the forecast period. The growth of the platooning of trucks market is driven by various factors, including advancements in autonomous vehicle technology, the need for fuel efficiency and reduced emissions, and the increasing focus on improving road safety through automation. Platooning of trucks involves the formation of a convoy of semi-autonomous or autonomous trucks that closely follow one another on highways, taking advantage of vehicle-to-vehicle (V2V) communication and automation to enhance transportation efficiency.

Platooning of Trucks Market Overview:

Drivers:

One of the primary drivers propelling the growth of the platooning of trucks market is the demand for enhanced fuel efficiency and reduced emissions. Platooning allows trucks to travel closely together, reducing aerodynamic drag and improving fuel efficiency. This not only leads to cost savings for trucking companies but also contributes to environmental sustainability by lowering carbon emissions. As governments and organizations worldwide focus on reducing the carbon footprint of transportation, platooning technology is gaining traction as a viable solution.

Additionally, advancements in autonomous vehicle technology play a crucial role in the market's growth. Autonomous trucks equipped with sensors, cameras, and artificial intelligence can safely and effectively participate in platooning, further enhancing the efficiency and safety of long-haul trucking.

Trends:

A significant trend shaping the platooning of trucks market is the integration of artificial intelligence (AI) and machine learning (ML) in autonomous trucking systems. AI algorithms enable trucks to make real-time decisions, adapt to changing road conditions, and optimize platooning configurations for maximum efficiency. ML techniques allow these trucks to continuously learn and improve their performance, making autonomous platooning safer and more reliable.

Moreover, the adoption of platooning technology is driven by the increasing emphasis on improving road safety. Platooning reduces the risk of accidents by enhancing the predictability of truck movements, reducing driver fatigue, and enabling faster reaction times in emergency situations. This safety aspect is a significant factor contributing to the market's growth.

Restraints:

One of the key challenges hindering the platooning of trucks market's growth is regulatory and legal hurdles. Autonomous and semi-autonomous trucking technologies are subject to a complex web of regulations and liability issues. Different regions and countries have varying levels of readiness and regulations for autonomous vehicles, which can impede the widespread adoption of platooning technology.

Additionally, cybersecurity concerns are a growing restraint. As platooning systems rely on V2V communication and connected technologies, they become vulnerable to cyberattacks. Ensuring the security and privacy of data transmitted between platooning trucks is a critical challenge that needs to be addressed for the market to reach its full potential.

Platooning of Trucks Market Segmentation By Application: The long-haul trucking segment is expected to witness substantial growth during the forecast period. Platooning technology is particularly well-suited for long-haul routes where fuel efficiency and reduced operational costs are paramount. Long-haul platooning also addresses the shortage of truck drivers, making it an attractive solution for the logistics industry. The ability of autonomous trucks to maintain platooning configurations over extended distances makes them an ideal choice for this application.

Platooning of Trucks Market Segmentation By Type: The autonomous truck platooning segment is projected to dominate the market due to the increasing adoption of autonomous vehicles in the trucking industry. These autonomous trucks use a combination of sensors, AI, and V2V communication to operate safely and efficiently in platoons. The growing confidence in autonomous driving technology and its potential benefits in terms of cost savings and safety is driving the demand for autonomous truck platooning systems.

Regional Overview:

Download the report summary now!

Request pdf Sample

North America is expected to be a significant contributor to the global platooning of trucks market, accounting for approximately 38% of market growth during the forecast period. The region's strong presence in the development and testing of autonomous vehicle technology, along with its vast network of highways, makes it an ideal market for platooning systems. Moreover, North America is witnessing increasing interest from logistics companies and truck manufacturers in implementing platooning technology to enhance their operations and reduce transportation costs.

In 2020, during the COVID-19 pandemic, the growth of the global platooning of trucks market experienced a temporary slowdown due to disruptions in supply chains and reduced economic activity. However, as the pandemic subsided and the focus on efficient and safe transportation solutions intensified, the market regained momentum.

Platooning of Trucks Market Customer Landscape: The platooning of trucks market report includes an analysis of the adoption lifecycle, covering from early adopters to late adopters. It also provides insights into regional adoption rates and the factors influencing purchasing decisions, including cost savings, safety improvements, and regulatory compliance.

Who are the Major Platooning of Trucks Market Companies? Companies in the platooning of trucks market are employing various strategies to expand their presence, including strategic partnerships, mergers and acquisitions, geographical expansion, and the launch of innovative products and services.

Example Companies:

Peloton Technology
Daimler AG
Volvo Group
Scania AB
Navistar International Corporation
PACCAR Inc.
AB Volvo
Continental AG
WABCO Holdings Inc.
ZF Friedrichshafen AG
Bendix Commercial Vehicle Systems LLC
TomTom N.V.
Bosch Rexroth AG
Delphi Technologies
Stoneridge, Inc.
NXP Semiconductors
Aptiv PLC
Magna International Inc.
Denso Corporation
Autoliv Inc.

The competitive landscape analysis in the report covers key players in the market, providing insights into their strengths and weaknesses, market positioning, and strategies for growth.

Segment Overview:

The platooning of trucks market report provides revenue forecasts at the global, regional, and country levels, along with an analysis of emerging trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Long-haul trucking
Urban delivery
Regional transport
Others

Type Outlook (USD Million, 2019 - 2032):

Autonomous truck platooning
Semi-autonomous truck platooning

Geography Outlook (USD Million, 2019 - 2032):

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
India

South America

Brazil
Argentina
Chile

Middle East & Africa

Saudi Arabia
South Africa
Rest of the Middle East & Africa

Table of Content

Part 1 Market Overview
1.1 Market Definition
1.2 Market Development
1.3 By Type
1.4 By Application
1.5 By Region
Part 2 Key Companies
2.1 Peloton Technology
2.1.1 Company Profile
2.1.2 Products & Services Overview
2.1.3 Sales Data List
2.2 Volvo Group
2.3 Scania
2.4 Daimler
2.5 Navistar
2.6 Toyota
2.7 Uber
2.8 Bendix Commercial Vehicles Systems
2.9 DAF
2.10 Continental AG
2.11 IVECO
2.12 MAN Truck & Bus
Part 3 Global Market Status and Future Forecast
3.1 Global Market by Region
3.2 Global Market by Company
3.3 Global Market by Type
3.4 Global Market by Application
3.5 Global Market by Forecast
Part 4 Asia-Pacific Market Status and Future Forecast
4.1 Asia-Pacific Market by Type
4.2 Asia-Pacific Market by Application
4.3 Asia-Pacific Market by Geography
4.3.1 China Market Status and Future Forecast
4.3.2 Southeast Asia Market Status and Future Forecast
4.3.3 India Market Status and Future Forecast
4.3.4 Japan Market Status and Future Forecast
4.3.5 Korea Market Status and Future Forecast
4.3.6 Oceania Market Status and Future Forecast
4.4 Asia-Pacific Market by Forecast
Part 5 Europe Market Status and Future Forecast
5.1 Europe Market by Type
5.2 Europe Market by Application
5.3 Europe Market by Geography
5.3.1 Germany Market Status and Future Forecast
5.3.2 UK Market Status and Future Forecast
5.3.3 France Market Status and Future Forecast
5.3.4 Italy Market Status and Future Forecast
5.3.5 Russia Market Status and Future Forecast
5.3.6 Spain Market Status and Future Forecast
5.3.6 Netherlands Market Status and Future Forecast
5.3.7 Turkey Market Status and Future Forecast
5.3.6 Switzerland Market Status and Future Forecast
5.4 Europe Market by Forecast
Part 6 North America Market Status and Future Forecast
6.1 North America Market by Type
6.2 North America Market by Application
6.3 North America Market by Geography
6.3.1 United States Market Status and Future Forecast
6.3.2 Canada Market Status and Future Forecast
6.3.3 Mexico Market Status and Future Forecast
6.4 North America Market by Forecast
Part 7 South America Market Status and Future Forecast
7.1 South America Market by Type
7.2 South America Market by Application
7.3 South America Market by Geography
7.3.1 Brazil Market Status and Future Forecast
7.3.2 Argentina Market Status and Future Forecast
7.3.3 Columbia Market Status and Future Forecast
7.3.4 Chile Market Status and Future Forecast
7.3.5 Peru Market Status and Future Forecast
7.4 South America Market by Forecast
Part 8 Middle East & Africa Market Status and Future Forecast
8.1 Middle East & Africa Market by Type
8.2 Middle East & Africa Market by Application
8.3 Middle East & Africa Market by Geography
8.3.1 GCC Market Status and Future Forecast
8.3.2 North Africa Market Status and Future Forecast
8.3.3 South Africa Market Status and Future Forecast
8.4 Middle East & Africa Market by Forecast
Part 9 Market Features
9.1 Product Features
9.2 Price Features
9.3 Channel Features
9.4 Purchasing Features
Part 10 Investment Opportunity
10.1 Regional Investment Opportunity
10.2 Industry Investment Opportunity
Part 11 Conclusion

Table Type of Platooning of Trucks
Table Application of Platooning of Trucks
Table Peloton Technology Overview List
Table Platooning of Trucks Business Operation of Peloton Technology (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Volvo Group Overview List
Table Platooning of Trucks Business Operation of Volvo Group (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Scania Overview List
Table Platooning of Trucks Business Operation of Scania (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Daimler Overview List
Table Platooning of Trucks Business Operation of Daimler (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Navistar Overview List
Table Platooning of Trucks Business Operation of Navistar (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Toyota Overview List
Table Platooning of Trucks Business Operation of Toyota (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Uber Overview List
Table Platooning of Trucks Business Operation of Uber (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Bendix Commercial Vehicles Systems Overview List
Table Platooning of Trucks Business Operation of Bendix Commercial Vehicles Systems (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table DAF Overview List
Table Platooning of Trucks Business Operation of DAF (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Continental AG Overview List
Table Platooning of Trucks Business Operation of Continental AG (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table IVECO Overview List
Table Platooning of Trucks Business Operation of IVECO (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table MAN Truck & Bus Overview List
Table Platooning of Trucks Business Operation of MAN Truck & Bus (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Global Platooning of Trucks Market by Region, 2015-2019 (Million USD)
Table Global Platooning of Trucks Market by Region, 2015-2019 (Volume)
Table Price List by Region, 2015-2019
Table Global Platooning of Trucks Market by Company, 2015-2019 (Million USD)
Table Global Platooning of Trucks Market by Company, 2015-2019 (Volume)
Table Price List by Company, 2015-2019
Table Global Platooning of Trucks Market by Type, 2015-2019 (Million USD)
Table Global Platooning of Trucks Market by Type, 2015-2019 (Volume)
Table Price List by Type, 2015-2019
Table Global Platooning of Trucks Market by Application, 2015-2019 (Million USD)
Table Global Platooning of Trucks Market by Application, 2015-2019 (Volume)
Table Price List by Application, 2015-2019
Table Asia-Pacific Platooning of Trucks Market by Type, 2015-2019 (Million USD)
Table Asia-Pacific Platooning of Trucks Market by Type, 2015-2019 (Volume)
Table Price List by Type, 2015-2019
Table Asia-Pacific Platooning of Trucks Market by Application, 2015-2019 (Million USD)
Table Asia-Pacific Platooning of Trucks Market by Application, 2015-2019 (Volume)
Table Price List by Application, 2015-2019
Table Europe Platooning of Trucks Market by Type, 2015-2019 (Million USD)
Table Europe Platooning of Trucks Market by Type, 2015-2019 (Volume)
Table Price List by Type, 2015-2019
Table Europe Platooning of Trucks Market by Application, 2015-2019 (Million USD)
Table Europe Platooning of Trucks Market by Application, 2015-2019 (Volume)
Table Price List by Application, 2015-2019
Table North America Platooning of Trucks Market by Type, 2015-2019 (Million USD)
Table North America Platooning of Trucks Market by Type, 2015-2019 (Volume)
Table Price List by Type, 2015-2019
Table North America Platooning of Trucks Market by Application, 2015-2019 (Million USD)
Table North America Platooning of Trucks Market by Application, 2015-2019 (Volume)
Table Price List by Application, 2015-2019
Table South America Platooning of Trucks Market by Type, 2015-2019 (Million USD)
Table South America Platooning of Trucks Market by Type, 2015-2019 (Volume)
Table Price List by Type, 2015-2019
Table South America Platooning of Trucks Market by Application, 2015-2019 (Million USD)
Table South America Platooning of Trucks Market by Application, 2015-2019 (Volume)
Table Price List by Application, 2015-2019
Table Middle East & Africa Platooning of Trucks Market by Type, 2015-2019 (Million USD)
Table Middle East & Africa Platooning of Trucks Market by Type, 2015-2019 (Volume)
Table Price List by Type, 2015-2019
Table Middle East & Africa Platooning of Trucks Market by Application, 2015-2019 (Million USD)
Table Middle East & Africa Platooning of Trucks Market by Application, 2015-2019 (Volume)
Table Price List by Application, 2015-2019

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Request for Special Pricing

Personalized Business Report Tailored to Your Requirements

Our expert analysts collaborate directly with you to comprehend your specific needs.
Get data on regions, segments, competitors, and vendors of your choice.
Information is presented in alignment with your exact preferences and formatting.

Request for customization

Ask For Discount

Free Sample Report

"Find new revenue generation opportunities"

Platooning Of Trucks Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032