PUBLISHER: Value Market Research | PRODUCT CODE: 1342851
PUBLISHER: Value Market Research | PRODUCT CODE: 1342851
The global demand for Truck Platooning Market is presumed to reach the market size of nearly USD 58.62 MN by 2030 from USD 4.74 MN in 2022 with a CAGR of 32.24% under the study period 2023 - 2030.
Truck platooning refers to the use of networking solutions and automated driving assistance systems to unite two or more trucks in convoy. The system has the ability to make road transportation cleaner, more efficient, and safer. Further, these self-driving trucks have the potential to reduce traffic congestion and lower transportation costs while also addressing the scarcity of truck drivers.
Major factors propelling the truck platooning market forward are the growing need for enhancing driver capabilities and a rise in commercial vehicles. New trends in the road freight sector, like vehicle customization, are allowing truck fleets to get equipped with navigation tools and advanced securiy. Such initiatives will generate a substantial scope for adopting truck platooning systems and services in the coming years. As a setback, these autonomous technologies have high costs, which might restrict industry growth. Nonetheless, many original equipment manufacturers (OEMs) are scaling up investments in the research and development of innovative vehicle designs leading to new opportunities within the truck platooning industry.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of truck platooning. The growth and trends of truck platooning industry provide a holistic approach to this study.
This section of the truck platooning market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Truck Platooning market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the truck platooning market include Continental (Germany), Bosch (Germany), NVIDIA (US), and PELOTON (US). Platooning systems and technologies are supplied to automotive OEMs such as Volvo (Sweden), Daimler (Germany), and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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