The Truck Platooning Market is expected to record a CAGR of over 41% over the forecast period (2021-2027).
Factors such as rising government regulations on emissions in the transport sector and declining fuel consumption are driving the truck cluster market growth. In addition, the truck fleet market is experiencing growth due to government support rules for military enforcement. However, the high cost of clustering technology and increasing security and privacy concerns are factors that are expected to hinder the growth of the truck clustering market. In addition, the production of fully autonomous trucks for platooning and the expansion of the size of the fleet of trucks are expected to provide incredible growth opportunities for players operating in the fleet of trucks. In order to avoid dangerous situations and increase transportation efficiency, the global truck cluster market trend is expected to increase as the demand for automation in the transportation industry increases.
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Company Profile
Key players including AB Volvo, Bendix Commercial Vehicles Systems LLC, Continental AG, Daimler AG, Delphi Automotive PLC, Meritor Wabco, Navistar International Corporation, OTTO Technologies, PelotonTechnology, Scania AB, and others holds major truck platooning market share.
Market Segmentation
Truck Platooning Market Segments:
By Technology
- Adaptive Cruise Control (ACC)
- Blind Spot Warning (BSW)
- Global Positioning System (GPS)
- Forward Collision Warning (FCW)
- Lane Keep Assist (LKA)
- Others
By Platooning Type
- Driver-assistive Tuck Platooning (DATP)
- Autonomous Truck Platooning
By Platooning Type
- Vehicle-to-infrastructure (V2I)
- Vehicle-to-vehicle (V2V)
- Vehicle-to-everything (V2X)
Scope of the Report
The research study analyzes the global Truck Platooning industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Truck Platooning Market Report
1. What was the Truck Platooning Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Truck Platooning Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Truck Platooning Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Truck Platooning market.
- The market share of the global Truck Platooning market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Truck Platooning market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Truck Platooning market.
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