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Truck Platooning Systems-Global Market Insights and Sales Trends 2024
Synopsis
Truck platooning is the linking of two or more trucks in convoy, using connectivity technology and automated driving support systems. These vehicles automatically maintain a set, close distance between each other when they are connected for certain parts of a journey, for instance on motorways. The truck at the head of the platoon acts as the leader, with the vehicles behind reacting and adapting to changes in its movement requiring little to no action from drivers. In the first instance, drivers will remain in control at all times, so they can also decide to leave the platoon and drive independently.
The global Truck Platooning Systems market size is expected to reach US$ 12310 million by 2029, growing at a CAGR of 26.2% from 2023 to 2029. The market is mainly driven by the significant applications of Truck Platooning Systems in various end use industries. The expanding demands from the Heavy Trucks and Light Trucks, are propelling Truck Platooning Systems market. Software, 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 Device segment is estimated at % CAGR for the next seven-year period.
Global Truck Platooning Systems key players include Peloton Technology, Volvo, Scania, Daimler, Navistar, etc. Europe is the largest market, with a share about 50%, followed by North America, with a share about 40 percent. In terms of product, Service is the largest segment, with a share about 70%. And in terms of application, the largest application is Light Trucks, followed by Heavy Trucks.
Report Objectives
This report provides market insight on the different segments, by players, 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 Truck Platooning Systems, 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 Truck Platooning Systems 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 Truck Platooning Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Truck Platooning Systems 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 Truck Platooning Systems covered in this report include Peloton Technology, Volvo, Scania, Daimler, Navistar, Toyota, Uber, Bendix Commercial Vehicles Systems and DAF, etc.
The global Truck Platooning Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Peloton Technology
Volvo
Scania
Daimler
Navistar
Toyota
Uber
Bendix Commercial Vehicles Systems
DAF
Continental AG
IVECO
MAN Truck & Bus
Global Truck Platooning Systems 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 Truck Platooning Systems market, Segment by Type:
Software
Device
Global Truck Platooning Systems market, by Application
Heavy Trucks
Light Trucks
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Truck Platooning Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Truck platooning is the linking of two or more trucks in convoy, using connectivity technology and automated driving support systems. These vehicles automatically maintain a set, close distance between each other when they are connected for certain parts of a journey, for instance on motorways. The truck at the head of the platoon acts as the leader, with the vehicles behind reacting and adapting to changes in its movement requiring little to no action from drivers. In the first instance, drivers will remain in control at all times, so they can also decide to leave the platoon and drive independently.
The global Truck Platooning Systems market size is expected to reach US$ 12310 million by 2029, growing at a CAGR of 26.2% from 2023 to 2029. The market is mainly driven by the significant applications of Truck Platooning Systems in various end use industries. The expanding demands from the Heavy Trucks and Light Trucks, are propelling Truck Platooning Systems market. Software, 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 Device segment is estimated at % CAGR for the next seven-year period.
Global Truck Platooning Systems key players include Peloton Technology, Volvo, Scania, Daimler, Navistar, etc. Europe is the largest market, with a share about 50%, followed by North America, with a share about 40 percent. In terms of product, Service is the largest segment, with a share about 70%. And in terms of application, the largest application is Light Trucks, followed by Heavy Trucks.
Report Objectives
This report provides market insight on the different segments, by players, 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 Truck Platooning Systems, 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 Truck Platooning Systems 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 Truck Platooning Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Truck Platooning Systems 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 Truck Platooning Systems covered in this report include Peloton Technology, Volvo, Scania, Daimler, Navistar, Toyota, Uber, Bendix Commercial Vehicles Systems and DAF, etc.
The global Truck Platooning Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Peloton Technology
Volvo
Scania
Daimler
Navistar
Toyota
Uber
Bendix Commercial Vehicles Systems
DAF
Continental AG
IVECO
MAN Truck & Bus
Global Truck Platooning Systems 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 Truck Platooning Systems market, Segment by Type:
Software
Device
Global Truck Platooning Systems market, by Application
Heavy Trucks
Light Trucks
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Truck Platooning Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Truck Platooning Systems
1.1 Truck Platooning Systems Market Overview
1.1.1 Truck Platooning Systems Product Scope
1.1.2 Truck Platooning Systems Market Status and Outlook
1.2 Global Truck Platooning Systems Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Truck Platooning Systems Market Size by Region (2018-2029)
1.4 Global Truck Platooning Systems Historic Market Size by Region (2018-2023)
1.5 Global Truck Platooning Systems Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Truck Platooning Systems Market Size (2018-2029)
1.6.1 North America Truck Platooning Systems Market Size (2018-2029)
1.6.2 Europe Truck Platooning Systems Market Size (2018-2029)
1.6.3 Asia-Pacific Truck Platooning Systems Market Size (2018-2029)
1.6.4 Latin America Truck Platooning Systems Market Size (2018-2029)
1.6.5 Middle East & Africa Truck Platooning Systems Market Size (2018-2029)
2 Truck Platooning Systems Market by Type
2.1 Introduction
2.1.1 Software
2.1.2 Device
2.2 Global Truck Platooning Systems Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Truck Platooning Systems Historic Market Size by Type (2018-2023)
2.2.2 Global Truck Platooning Systems Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Truck Platooning Systems Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Truck Platooning Systems Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Truck Platooning Systems Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Truck Platooning Systems Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Truck Platooning Systems Revenue Breakdown by Type (2018-2029)
3 Truck Platooning Systems Market Overview by Application
3.1 Introduction
3.1.1 Heavy Trucks
3.1.2 Light Trucks
3.2 Global Truck Platooning Systems Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Truck Platooning Systems Historic Market Size by Application (2018-2023)
3.2.2 Global Truck Platooning Systems Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Truck Platooning Systems Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Truck Platooning Systems Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Truck Platooning Systems Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Truck Platooning Systems Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Truck Platooning Systems Revenue Breakdown by Application (2018-2029)
4 Truck Platooning Systems Competition Analysis by Players
4.1 Global Truck Platooning Systems Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Truck Platooning Systems as of 2022)
4.3 Date of Key Players Enter into Truck Platooning Systems Market
4.4 Global Top Players Truck Platooning Systems Headquarters and Area Served
4.5 Key Players Truck Platooning Systems Product Solution and Service
4.6 Competitive Status
4.6.1 Truck Platooning Systems Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Peloton Technology
5.1.1 Peloton Technology Profile
5.1.2 Peloton Technology Main Business
5.1.3 Peloton Technology Truck Platooning Systems Products, Services and Solutions
5.1.4 Peloton Technology Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.1.5 Peloton Technology Recent Developments
5.2 Volvo
5.2.1 Volvo Profile
5.2.2 Volvo Main Business
5.2.3 Volvo Truck Platooning Systems Products, Services and Solutions
5.2.4 Volvo Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.2.5 Volvo Recent Developments
5.3 Scania
5.3.1 Scania Profile
5.3.2 Scania Main Business
5.3.3 Scania Truck Platooning Systems Products, Services and Solutions
5.3.4 Scania Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.3.5 Daimler Recent Developments
5.4 Daimler
5.4.1 Daimler Profile
5.4.2 Daimler Main Business
5.4.3 Daimler Truck Platooning Systems Products, Services and Solutions
5.4.4 Daimler Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.4.5 Daimler Recent Developments
5.5 Navistar
5.5.1 Navistar Profile
5.5.2 Navistar Main Business
5.5.3 Navistar Truck Platooning Systems Products, Services and Solutions
5.5.4 Navistar Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.5.5 Navistar Recent Developments
5.6 Toyota
5.6.1 Toyota Profile
5.6.2 Toyota Main Business
5.6.3 Toyota Truck Platooning Systems Products, Services and Solutions
5.6.4 Toyota Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.6.5 Toyota Recent Developments
5.7 Uber
5.7.1 Uber Profile
5.7.2 Uber Main Business
5.7.3 Uber Truck Platooning Systems Products, Services and Solutions
5.7.4 Uber Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.7.5 Uber Recent Developments
5.8 Bendix Commercial Vehicles Systems
5.8.1 Bendix Commercial Vehicles Systems Profile
5.8.2 Bendix Commercial Vehicles Systems Main Business
5.8.3 Bendix Commercial Vehicles Systems Truck Platooning Systems Products, Services and Solutions
5.8.4 Bendix Commercial Vehicles Systems Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.8.5 Bendix Commercial Vehicles Systems Recent Developments
5.9 DAF
5.9.1 DAF Profile
5.9.2 DAF Main Business
5.9.3 DAF Truck Platooning Systems Products, Services and Solutions
5.9.4 DAF Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.9.5 DAF Recent Developments
5.10 Continental AG
5.10.1 Continental AG Profile
5.10.2 Continental AG Main Business
5.10.3 Continental AG Truck Platooning Systems Products, Services and Solutions
5.10.4 Continental AG Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.10.5 Continental AG Recent Developments
5.11 IVECO
5.11.1 IVECO Profile
5.11.2 IVECO Main Business
5.11.3 IVECO Truck Platooning Systems Products, Services and Solutions
5.11.4 IVECO Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.11.5 IVECO Recent Developments
5.12 MAN Truck & Bus
5.12.1 MAN Truck & Bus Profile
5.12.2 MAN Truck & Bus Main Business
5.12.3 MAN Truck & Bus Truck Platooning Systems Products, Services and Solutions
5.12.4 MAN Truck & Bus Truck Platooning Systems Revenue (US$ Million) & (2018-2023)
5.12.5 MAN Truck & Bus Recent Developments
6 North America
6.1 North America Truck Platooning Systems Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Truck Platooning Systems Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Truck Platooning Systems Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Truck Platooning Systems Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Truck Platooning Systems Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Truck Platooning Systems Market Dynamics
11.1 Truck Platooning Systems Industry Trends
11.2 Truck Platooning Systems Market Drivers
11.3 Truck Platooning Systems Market Challenges
11.4 Truck Platooning Systems Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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