Truck Platooning Market Dynamics 2021-2031
MARKET OVERVIEW
Truck platooning can be defined as linking of two or more trucks in convoy using automated driving assistance systems and connectivity solutions between the vehicles. The vehicles in truck platooning maintain a close distance between them when they are connected for certain part of the journey on roadways. The vehicle at the head of the platoon acts as the leader, and the vehicle behind the leader reacts and adapts to the movement of the leading vehicle. The driver in the following trucks are always in control and can leave or drive independently at any point of time. The concept of truck platooning holds a great potential to make the road transport efficient, cleaner, and safer in the coming future. Truck platooning technology can reduce the consumption of fuel and the emission of harmful gases, provided the trucks are operating closer, which in turn reduces the air drag between them.
MARKET SCOPE
The "Global Truck platooning market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of truck platooning market with detailed market segmentation by system, type, vehicle type, and geography. The report provides key statistics on the market status of the leading truck platooning market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers:
Restraints:
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The truck platooning market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the truck platooning market in these regions.
IMPACT OF COVID-19 ON TRUCK PLATOONING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
By Systems
By Type
By Vehicle Type
MARKET PLAYERS
The report covers key developments in the truck platooning market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Truck platooning market market are anticipated to lucrative growth opportunities in the future with the rising demand for Truck platooning market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the truck platooning market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Truck platooning can be defined as linking of two or more trucks in convoy using automated driving assistance systems and connectivity solutions between the vehicles. The vehicles in truck platooning maintain a close distance between them when they are connected for certain part of the journey on roadways. The vehicle at the head of the platoon acts as the leader, and the vehicle behind the leader reacts and adapts to the movement of the leading vehicle. The driver in the following trucks are always in control and can leave or drive independently at any point of time. The concept of truck platooning holds a great potential to make the road transport efficient, cleaner, and safer in the coming future. Truck platooning technology can reduce the consumption of fuel and the emission of harmful gases, provided the trucks are operating closer, which in turn reduces the air drag between them.
MARKET SCOPE
The "Global Truck platooning market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of truck platooning market with detailed market segmentation by system, type, vehicle type, and geography. The report provides key statistics on the market status of the leading truck platooning market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global truck platooning market is segmented on the basis of system, type, and vehicle type.
- Based on system, the market is classified into adaptive cruise control (ACC), blind spot warning (BSW), global positioning system (GPS), forward collision warning (FCW), lane keep assist (LKA), and others.
- Based on platooning type, the market is bifurcated into driver-assistive tuck platooning (DATP), and autonomous truck platooning. Communication technology is further segmented as vehicle-to-infrastructure (V2I), vehicle-to-vehicle (V2V), and vehicle-to-everything (V2X).
- On the basis of the vehicle type, the market is segmented as light commercial vehicle, and heavy commercial vehicle.
MARKET DYNAMICS
Drivers:
- Rise in government rules for emission reduction from transport sector.
- Reduction in Fuel consumption
Restraints:
- High cost of platooning technology.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The truck platooning market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the truck platooning market in these regions.
IMPACT OF COVID-19 ON TRUCK PLATOONING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
Truck Platooning Market Report Analysis
Truck Platooning Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- AB Volvo
- Continental AG
- Daimler AG
- Hino Motors Ltd
- Omnitracs LLC
- Peloton Technology
- Robert Bosch GmbH
- Scania AB
- Toyota Tsusho Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Systems
- Adaptive Cruise Control
- Autonomous Emergency Braking
- Global Positioning System
- Forward Collision Warning
- Blind Spot Warning
- Lane Keep Assist
- Human Machine Interface
By Type
- Driver-Assistive Tuck Platooning
- Autonomous Truck Platooning
By Vehicle Type
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The report covers key developments in the truck platooning market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Truck platooning market market are anticipated to lucrative growth opportunities in the future with the rising demand for Truck platooning market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the truck platooning market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bendix
- AB Volvo
- Continental AG
- Daimler AG
- Delphi Technologies
- Wabco
- Navistar, Inc.
- DAF Trucks
- Peloton Technology
- Scania AB
Truck Platooning Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Systems
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1.AB Volvo
2.Continental AG
3.Daimler AG
4.Hino Motors, Ltd.
5.Omnitracs, LLC
6.Peloton Technology
7.Robert Bosch GmbH
8.Scania AB
9.Toyota Tsusho Corporation
10.ZF Friedrichshafen AG
1.AB Volvo
2.Continental AG
3.Daimler AG
4.Hino Motors, Ltd.
5.Omnitracs, LLC
6.Peloton Technology
7.Robert Bosch GmbH
8.Scania AB
9.Toyota Tsusho Corporation
10.ZF Friedrichshafen AG
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