Truck Platooning Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0097460
- Format: Electronic (PDF)
- Publish Type:
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.73 |
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INTRODUCTION: Truck Platooning Market
The Global Truck Platooning Market is experiencing stable growth due to the surge in demand for its available product range. This demand is sourced in the (end-user industries), many of which are working on developing innovative solutions for the future. The Truck Platooning has undergone a gradual integration in the leading business sectors, primarily due to the technological development observed in the industry. Our team of expert analysts has devised this market report by reviewing information collected through both primary and secondary research methodologies.
In this report, the global Truck Platooning market is valued at USD 12 million in 2019 and is expected to reach around USD 124 million by the end of 2027, growing at a CAGR of around 36% between 2019 and 2027.
As part of the primary research, the report gives insights obtained from interviews of industry experts who offer insights into the past, present, and future landscape of the market. The study creates an exhaustive database of the global market by analyzing the drivers, restraints, challenges, and opportunities operative in the market to help readers benefit from the current scenario and maximize their returns on investments.
MARKET SCENARIO
The Truck Platooning market is consolidated by industry leaders but has been witnessing the entry of newer players in the past few years. The increasing scope of research and development has also widened the range of products and services offered in the sector. The escalating levels of disposable incomes and rising urbanization have concomitantly increased the purchasing power of customers, leading to the growth of the global market. However, stringency in government regulations and policies has made it challenging for newer companies to enter the market.
MARKET SCOPE
The research report studies vital market aspects, underlining the product types, applications, end-user industries, leading geographic regions, top players, and the concentration of the market. The scope of the study extends to these essential factors to give the reader the current market scenario that highlights the areas that are vital from the perspective of investment and the overall growth. The study also examines recent technological advancements and product launches and explains their impact on the growth of the global industry.
LEADING PLAYERS
The report gives an in-depth assessment of the top companies functioning in the global sector and controlling a sizable portion of the overall market. This section also breaks down the expansion tactics adopted by these companies, along with a detailed assessment of their strategic initiatives by highlighting recent deals, mergers & acquisitions, joint ventures, collaborations, product launches, and technological upgradation. The report creates elaborate company profiles of all leading companies to provide the readers with all relevant data on the competitive landscape, enabling them to capitalize on existing and emerging growth prospects by taking well-informed decisions.
The major players covered in this report are:
Tomtom, Volvo, Scania, Daimler, Bosch, Wabco, Continental, ZF, Nvidia, Omnitracs, Intel, Peloton, Trimble, Toyota Tsusho, Otto, Man, Hino Motors, Telefonica, Paccar, Navistar International Corp.
MARKET SEGMENTATION
The Truck Platooning market has been segmented on the basis of product types, applications, end-user industries, and leading regional markets. The report segregates the global market for better coverage into regions that account for a major portion of the market share. The leading geographies included in the study are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This analysis of the different segments and sub-segments is intended to help the reader get a better understanding of the factors contributing to the growth of the worldwide market.
On the basis of type this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
Autonomous Truck Platooning, Driver Assistive Truck Platooning (DATP)
On the basis of systems this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
Lane Keep Assist (LKA), Blind Spot Warning (BSW), Adaptive Cruise Control (ACC), Global Positioning System (GPS), Automated Emergency Braking (AEB), Forward Collision Warning (FCW), Human Machine Interface (HMI)
On the basis of sensors this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
Image, LiDAR, Radar
On the basis of services this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:
Platooning-Based, Match Making, Financial Transaction, Pricing, Telematics-Based, On-road Assistance, Automatic Crash Notification, Vehicle Tracking, Emergency Calling, Remote Diagnostics
REGIONAL FRAMEWORK
A study of the leading regional markets is crucial for assessing the global presence of the Truck Platooning industry. The regions included in the report are further analyzed by looking at the presence of Truck Platooning in major countries in these regions. The regions included in the geographical coverage are North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The leading countries in these regions are also considered to establish their standing and contribution to the overall market share. The North America region is set to deliver a steady growth rate in the forecast years owing to the surge in demand seen from the local consumer base
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
United States
Europe
China
Japan
Southeast Asia
India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
In this Truck Platooning study, the years considered to estimate the market size of Truck Platooning as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2020 to 2027
Key coverage of the report
Regional demand estimation and forecast
Pre-commodity pricing volatility
Technological updates analysis
Location Quotients Analysis
Raw Material Sourcing Strategy
Competitive Analysis
Product Mix Matrix
Vendor Management
Cost Benefit Analysis
Supply chain optimization analysis
Patent Analysis
Carbon Footprint Analysis
R & D Analysis
Mergers and Acquisitions
Reasons to Buy this Market Report from Market Expertz?
o Understand the demand for global Truck Platooning to determine the viability of the market.
o Identify the developed and emerging markets where Truck Platooning are offered.
o Identify the challenge areas and address them.
o Develop strategies based on the drivers, trends and highlights for each of the segments.
o Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
o Recognize the key competitors of this market and respond accordingly.
o Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
o Define the competitive positioning by comparing the products and services with the key players in the market
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TABLE OF CONTENTS: GLOBAL Truck Platooning MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Truck Platooning MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Truck Platooning Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change Truck Platooning MARKET BY type INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Autonomous Truck Platooning
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Driver Assistive Truck Platooning (DATP)
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Truck Platooning MARKET BY sensors INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Image
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. LiDAR
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.4. Radar
6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 7. Truck Platooning MARKET REGIONAL OUTLOOK
7.1. Truck Platooning Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Truck Platooning Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Truck Platooning Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Truck Platooning Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Truck Platooning Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S Truck Platooning Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Truck Platooning Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Truck Platooning Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Truck Platooning Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Truck Platooning Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Truck Platooning Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Truck Platooning Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Truck Platooning Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Truck Platooning Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Truck Platooning Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Truck Platooning Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Tomtom
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2 Volvo
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Scania
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Daimler
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5 Bosch
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Wabco
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Continental
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. ZF
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 . Nvidia
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Omnitracs
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
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.
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