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Autonomous Trucks-Global Market Insights and Sales Trends 2024
Synopsis
An autonomous truck, which is also known as self-driving truck, can run on the roads without the physical presence of a human driver. Autonomous trucks utilize advanced technological systems such as improved quality sensors and cameras, which in turn eliminate the requirement of the physical presence of a driver for running the truck. The platooning of vehicles, which is also known as vehicle-to-vehicle interaction, is an upcoming concept in the autonomous truck market and has been gaining significance for the last few years.
The global Autonomous Trucks market size is expected to reach US$ 5209.2 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Autonomous Trucks in various end use industries. The expanding demands from the Agriculture, Construction and Others,, are propelling Autonomous Trucks market. Semi-Automated Trucks, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fully Automated Trucks segment is estimated at % CAGR for the next seven-year period.
Increasing shortage of human drivers has been observed in recent years owing to the ever-increasing volumes of goods and materials being shipped and transported by means of trucks. For example, according to the American Trucking Associations, the trucking industry is witnessed a shortage of nearly 50,000 drivers in 2017, owing to the rising demand for transportation of materials in large volumes by means of trucks. This increasing shortage of human drivers in the trucking industry is expected to drive the autonomous truck market during the forecast period. Furthermore, an autonomous truck does not face the restriction of number of working hours, as is faced by a human driver driving the truck. The usage of an autonomous truck can thus increase the shipping volumes, as compared to those achieved by a truck driven manually by a driver. This is further expected to boost the autonomous truck market in the near future.An autonomous truck also reduces the probability of accidents caused by human error due to driver negligence. This is further anticipated to propel the autonomous truck market during the forecast period. Increasing efforts being taken by the OEMs (original equipment manufacturers) as well as the governments of various nations across the world in order to develop and implement autonomous trucks equipped with high technology at an affordable price are likely to fuel the autonomous truck market in the near future.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Autonomous Trucks, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Autonomous Trucks market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Autonomous Trucks market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Autonomous Trucks sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Autonomous Trucks covered in this report include Daimler, Ford motor, AB Volvo, Tesla, IVICO, MAN, DAF and Scania, etc.
The global Autonomous Trucks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Daimler
Ford motor
AB Volvo
Tesla
IVICO
MAN
DAF
Scania
Global Autonomous Trucks market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Autonomous Trucks market, Segment by Type:
Semi-Automated Trucks
Fully Automated Trucks
Global Autonomous Trucks market, by Application
Agriculture
Construction
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Autonomous Trucks manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Autonomous Trucks in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
An autonomous truck, which is also known as self-driving truck, can run on the roads without the physical presence of a human driver. Autonomous trucks utilize advanced technological systems such as improved quality sensors and cameras, which in turn eliminate the requirement of the physical presence of a driver for running the truck. The platooning of vehicles, which is also known as vehicle-to-vehicle interaction, is an upcoming concept in the autonomous truck market and has been gaining significance for the last few years.
The global Autonomous Trucks market size is expected to reach US$ 5209.2 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Autonomous Trucks in various end use industries. The expanding demands from the Agriculture, Construction and Others,, are propelling Autonomous Trucks market. Semi-Automated Trucks, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fully Automated Trucks segment is estimated at % CAGR for the next seven-year period.
Increasing shortage of human drivers has been observed in recent years owing to the ever-increasing volumes of goods and materials being shipped and transported by means of trucks. For example, according to the American Trucking Associations, the trucking industry is witnessed a shortage of nearly 50,000 drivers in 2017, owing to the rising demand for transportation of materials in large volumes by means of trucks. This increasing shortage of human drivers in the trucking industry is expected to drive the autonomous truck market during the forecast period. Furthermore, an autonomous truck does not face the restriction of number of working hours, as is faced by a human driver driving the truck. The usage of an autonomous truck can thus increase the shipping volumes, as compared to those achieved by a truck driven manually by a driver. This is further expected to boost the autonomous truck market in the near future.An autonomous truck also reduces the probability of accidents caused by human error due to driver negligence. This is further anticipated to propel the autonomous truck market during the forecast period. Increasing efforts being taken by the OEMs (original equipment manufacturers) as well as the governments of various nations across the world in order to develop and implement autonomous trucks equipped with high technology at an affordable price are likely to fuel the autonomous truck market in the near future.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Autonomous Trucks, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Autonomous Trucks market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Autonomous Trucks market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Autonomous Trucks sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Autonomous Trucks covered in this report include Daimler, Ford motor, AB Volvo, Tesla, IVICO, MAN, DAF and Scania, etc.
The global Autonomous Trucks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Daimler
Ford motor
AB Volvo
Tesla
IVICO
MAN
DAF
Scania
Global Autonomous Trucks market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Autonomous Trucks market, Segment by Type:
Semi-Automated Trucks
Fully Automated Trucks
Global Autonomous Trucks market, by Application
Agriculture
Construction
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Autonomous Trucks manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Autonomous Trucks in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Autonomous Trucks Market Overview
1.1 Autonomous Trucks Product Overview
1.2 Autonomous Trucks Market Segment by Type
1.2.1 Semi-Automated Trucks
1.2.2 Fully Automated Trucks
1.3 Global Autonomous Trucks Market Size by Type
1.3.1 Global Autonomous Trucks Market Size Overview by Type (2018-2029)
1.3.2 Global Autonomous Trucks Historic Market Size Review by Type (2018-2023)
1.3.3 Global Autonomous Trucks Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Autonomous Trucks Sales Breakdown by Type (2018-2023)
1.4.2 Europe Autonomous Trucks Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Autonomous Trucks Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Autonomous Trucks Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Autonomous Trucks Sales Breakdown by Type (2018-2023)
2 Global Autonomous Trucks Market Competition by Company
2.1 Global Top Players by Autonomous Trucks Sales (2018-2023)
2.2 Global Top Players by Autonomous Trucks Revenue (2018-2023)
2.3 Global Top Players by Autonomous Trucks Price (2018-2023)
2.4 Global Top Manufacturers Autonomous Trucks Manufacturing Base Distribution, Sales Area, Product Type
2.5 Autonomous Trucks Market Competitive Situation and Trends
2.5.1 Autonomous Trucks Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Autonomous Trucks Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Autonomous Trucks as of 2022)
2.7 Date of Key Manufacturers Enter into Autonomous Trucks Market
2.8 Key Manufacturers Autonomous Trucks Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Autonomous Trucks Status and Outlook by Region
3.1 Global Autonomous Trucks Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Autonomous Trucks Historic Market Size by Region
3.2.1 Global Autonomous Trucks Sales in Volume by Region (2018-2023)
3.2.2 Global Autonomous Trucks Sales in Value by Region (2018-2023)
3.2.3 Global Autonomous Trucks Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Autonomous Trucks Forecasted Market Size by Region
3.3.1 Global Autonomous Trucks Sales in Volume by Region (2024-2029)
3.3.2 Global Autonomous Trucks Sales in Value by Region (2024-2029)
3.3.3 Global Autonomous Trucks Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Autonomous Trucks by Application
4.1 Autonomous Trucks Market Segment by Application
4.1.1 Agriculture
4.1.2 Construction
4.1.3 Others
4.2 Global Autonomous Trucks Market Size by Application
4.2.1 Global Autonomous Trucks Market Size Overview by Application (2018-2029)
4.2.2 Global Autonomous Trucks Historic Market Size Review by Application (2018-2023)
4.2.3 Global Autonomous Trucks Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Autonomous Trucks Sales Breakdown by Application (2018-2023)
4.3.2 Europe Autonomous Trucks Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Autonomous Trucks Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Autonomous Trucks Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Autonomous Trucks Sales Breakdown by Application (2018-2023)
5 North America Autonomous Trucks by Country
5.1 North America Autonomous Trucks Historic Market Size by Country
5.1.1 North America Autonomous Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Autonomous Trucks Sales in Volume by Country (2018-2023)
5.1.3 North America Autonomous Trucks Sales in Value by Country (2018-2023)
5.2 North America Autonomous Trucks Forecasted Market Size by Country
5.2.1 North America Autonomous Trucks Sales in Volume by Country (2024-2029)
5.2.2 North America Autonomous Trucks Sales in Value by Country (2024-2029)
6 Europe Autonomous Trucks by Country
6.1 Europe Autonomous Trucks Historic Market Size by Country
6.1.1 Europe Autonomous Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Autonomous Trucks Sales in Volume by Country (2018-2023)
6.1.3 Europe Autonomous Trucks Sales in Value by Country (2018-2023)
6.2 Europe Autonomous Trucks Forecasted Market Size by Country
6.2.1 Europe Autonomous Trucks Sales in Volume by Country (2024-2029)
6.2.2 Europe Autonomous Trucks Sales in Value by Country (2024-2029)
7 Asia-Pacific Autonomous Trucks by Region
7.1 Asia-Pacific Autonomous Trucks Historic Market Size by Region
7.1.1 Asia-Pacific Autonomous Trucks Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Autonomous Trucks Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Autonomous Trucks Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Autonomous Trucks Forecasted Market Size by Region
7.2.1 Asia-Pacific Autonomous Trucks Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Autonomous Trucks Sales in Value by Region (2024-2029)
8 Latin America Autonomous Trucks by Country
8.1 Latin America Autonomous Trucks Historic Market Size by Country
8.1.1 Latin America Autonomous Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Autonomous Trucks Sales in Volume by Country (2018-2023)
8.1.3 Latin America Autonomous Trucks Sales in Value by Country (2018-2023)
8.2 Latin America Autonomous Trucks Forecasted Market Size by Country
8.2.1 Latin America Autonomous Trucks Sales in Volume by Country (2024-2029)
8.2.2 Latin America Autonomous Trucks Sales in Value by Country (2024-2029)
9 Middle East and Africa Autonomous Trucks by Country
9.1 Middle East and Africa Autonomous Trucks Historic Market Size by Country
9.1.1 Middle East and Africa Autonomous Trucks Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Autonomous Trucks Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Autonomous Trucks Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Autonomous Trucks Forecasted Market Size by Country
9.2.1 Middle East and Africa Autonomous Trucks Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Autonomous Trucks Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Daimler
10.1.1 Daimler Company Information
10.1.2 Daimler Introduction and Business Overview
10.1.3 Daimler Autonomous Trucks Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Daimler Autonomous Trucks Products Offered
10.1.5 Daimler Recent Development
10.2 Ford motor
10.2.1 Ford motor Company Information
10.2.2 Ford motor Introduction and Business Overview
10.2.3 Ford motor Autonomous Trucks Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Ford motor Autonomous Trucks Products Offered
10.2.5 Ford motor Recent Development
10.3 AB Volvo
10.3.1 AB Volvo Company Information
10.3.2 AB Volvo Introduction and Business Overview
10.3.3 AB Volvo Autonomous Trucks Sales, Revenue and Gross Margin (2018-2023)
10.3.4 AB Volvo Autonomous Trucks Products Offered
10.3.5 AB Volvo Recent Development
10.4 Tesla
10.4.1 Tesla Company Information
10.4.2 Tesla Introduction and Business Overview
10.4.3 Tesla Autonomous Trucks Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Tesla Autonomous Trucks Products Offered
10.4.5 Tesla Recent Development
10.5 IVICO
10.5.1 IVICO Company Information
10.5.2 IVICO Introduction and Business Overview
10.5.3 IVICO Autonomous Trucks Sales, Revenue and Gross Margin (2018-2023)
10.5.4 IVICO Autonomous Trucks Products Offered
10.5.5 IVICO Recent Development
10.6 MAN
10.6.1 MAN Company Information
10.6.2 MAN Introduction and Business Overview
10.6.3 MAN Autonomous Trucks Sales, Revenue and Gross Margin (2018-2023)
10.6.4 MAN Autonomous Trucks Products Offered
10.6.5 MAN Recent Development
10.7 DAF
10.7.1 DAF Company Information
10.7.2 DAF Introduction and Business Overview
10.7.3 DAF Autonomous Trucks Sales, Revenue and Gross Margin (2018-2023)
10.7.4 DAF Autonomous Trucks Products Offered
10.7.5 DAF Recent Development
10.8 Scania
10.8.1 Scania Company Information
10.8.2 Scania Introduction and Business Overview
10.8.3 Scania Autonomous Trucks Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Scania Autonomous Trucks Products Offered
10.8.5 Scania Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Autonomous Trucks Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Autonomous Trucks Industrial Chain Analysis
11.4 Autonomous Trucks Market Dynamics
11.4.1 Autonomous Trucks Industry Trends
11.4.2 Autonomous Trucks Market Drivers
11.4.3 Autonomous Trucks Market Challenges
11.4.4 Autonomous Trucks Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Autonomous Trucks Distributors
12.3 Autonomous Trucks Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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