Global Truck Platooning Systems Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI01241724

Publication Date:

January 4, 2024

Pages:

106

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturing (Automotive) [2]

Components [3]

Automotive [4]

Description:

The global Truck Platooning Systems market size was valued at US$ 2321.4 million in 2023. With growing demand in downstream market, the Truck Platooning Systems is forecast to a readjusted size of US$ 12490 million by 2030 with a CAGR of 27.2% during review period.
The research report highlights the growth potential of the global Truck Platooning Systems market. Truck Platooning Systems are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Truck Platooning Systems. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Truck Platooning Systems market.
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.
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.
Key Features:
The report on Truck Platooning Systems market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Truck Platooning Systems market. It may include historical data, market segmentation by Type (e.g., Software, Device), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Truck Platooning Systems market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Truck Platooning Systems market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Truck Platooning Systems industry. This include advancements in Truck Platooning Systems technology, Truck Platooning Systems new entrants, Truck Platooning Systems new investment, and other innovations that are shaping the future of Truck Platooning Systems.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Truck Platooning Systems market. It includes factors influencing customer ' purchasing decisions, preferences for Truck Platooning Systems product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Truck Platooning Systems market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Truck Platooning Systems market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Truck Platooning Systems market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Truck Platooning Systems industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Truck Platooning Systems market.
Market Segmentation:
Truck Platooning Systems market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Software
Device
Segmentation by application
Heavy Trucks
Light Trucks
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Peloton Technology
Volvo
Scania
Daimler
Navistar
Toyota
Uber
Bendix Commercial Vehicles Systems
DAF
Continental AG
IVECO
MAN Truck & Bus

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Truck Platooning Systems Market Size 2019-2030
2.1.2 Truck Platooning Systems Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Truck Platooning Systems Segment by Type
2.2.1 Software
2.2.2 Device
2.3 Truck Platooning Systems Market Size by Type
2.3.1 Truck Platooning Systems Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Truck Platooning Systems Market Size Market Share by Type (2019-2024)
2.4 Truck Platooning Systems Segment by Application
2.4.1 Heavy Trucks
2.4.2 Light Trucks
2.5 Truck Platooning Systems Market Size by Application
2.5.1 Truck Platooning Systems Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Truck Platooning Systems Market Size Market Share by Application (2019-2024)
3 Truck Platooning Systems Market Size by Player
3.1 Truck Platooning Systems Market Size Market Share by Players
3.1.1 Global Truck Platooning Systems Revenue by Players (2019-2024)
3.1.2 Global Truck Platooning Systems Revenue Market Share by Players (2019-2024)
3.2 Global Truck Platooning Systems Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Truck Platooning Systems by Regions
4.1 Truck Platooning Systems Market Size by Regions (2019-2024)
4.2 Americas Truck Platooning Systems Market Size Growth (2019-2024)
4.3 APAC Truck Platooning Systems Market Size Growth (2019-2024)
4.4 Europe Truck Platooning Systems Market Size Growth (2019-2024)
4.5 Middle East & Africa Truck Platooning Systems Market Size Growth (2019-2024)
5 Americas
5.1 Americas Truck Platooning Systems Market Size by Country (2019-2024)
5.2 Americas Truck Platooning Systems Market Size by Type (2019-2024)
5.3 Americas Truck Platooning Systems Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Truck Platooning Systems Market Size by Region (2019-2024)
6.2 APAC Truck Platooning Systems Market Size by Type (2019-2024)
6.3 APAC Truck Platooning Systems Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Truck Platooning Systems by Country (2019-2024)
7.2 Europe Truck Platooning Systems Market Size by Type (2019-2024)
7.3 Europe Truck Platooning Systems Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Truck Platooning Systems by Region (2019-2024)
8.2 Middle East & Africa Truck Platooning Systems Market Size by Type (2019-2024)
8.3 Middle East & Africa Truck Platooning Systems Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Truck Platooning Systems Market Forecast
10.1 Global Truck Platooning Systems Forecast by Regions (2025-2030)
10.1.1 Global Truck Platooning Systems Forecast by Regions (2025-2030)
10.1.2 Americas Truck Platooning Systems Forecast
10.1.3 APAC Truck Platooning Systems Forecast
10.1.4 Europe Truck Platooning Systems Forecast
10.1.5 Middle East & Africa Truck Platooning Systems Forecast
10.2 Americas Truck Platooning Systems Forecast by Country (2025-2030)
10.2.1 United States Truck Platooning Systems Market Forecast
10.2.2 Canada Truck Platooning Systems Market Forecast
10.2.3 Mexico Truck Platooning Systems Market Forecast
10.2.4 Brazil Truck Platooning Systems Market Forecast
10.3 APAC Truck Platooning Systems Forecast by Region (2025-2030)
10.3.1 China Truck Platooning Systems Market Forecast
10.3.2 Japan Truck Platooning Systems Market Forecast
10.3.3 Korea Truck Platooning Systems Market Forecast
10.3.4 Southeast Asia Truck Platooning Systems Market Forecast
10.3.5 India Truck Platooning Systems Market Forecast
10.3.6 Australia Truck Platooning Systems Market Forecast
10.4 Europe Truck Platooning Systems Forecast by Country (2025-2030)
10.4.1 Germany Truck Platooning Systems Market Forecast
10.4.2 France Truck Platooning Systems Market Forecast
10.4.3 UK Truck Platooning Systems Market Forecast
10.4.4 Italy Truck Platooning Systems Market Forecast
10.4.5 Russia Truck Platooning Systems Market Forecast
10.5 Middle East & Africa Truck Platooning Systems Forecast by Region (2025-2030)
10.5.1 Egypt Truck Platooning Systems Market Forecast
10.5.2 South Africa Truck Platooning Systems Market Forecast
10.5.3 Israel Truck Platooning Systems Market Forecast
10.5.4 Turkey Truck Platooning Systems Market Forecast
10.5.5 GCC Countries Truck Platooning Systems Market Forecast
10.6 Global Truck Platooning Systems Forecast by Type (2025-2030)
10.7 Global Truck Platooning Systems Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Peloton Technology
11.1.1 Peloton Technology Company Information
11.1.2 Peloton Technology Truck Platooning Systems Product Offered
11.1.3 Peloton Technology Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Peloton Technology Main Business Overview
11.1.5 Peloton Technology Latest Developments
11.2 Volvo
11.2.1 Volvo Company Information
11.2.2 Volvo Truck Platooning Systems Product Offered
11.2.3 Volvo Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Volvo Main Business Overview
11.2.5 Volvo Latest Developments
11.3 Scania
11.3.1 Scania Company Information
11.3.2 Scania Truck Platooning Systems Product Offered
11.3.3 Scania Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Scania Main Business Overview
11.3.5 Scania Latest Developments
11.4 Daimler
11.4.1 Daimler Company Information
11.4.2 Daimler Truck Platooning Systems Product Offered
11.4.3 Daimler Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Daimler Main Business Overview
11.4.5 Daimler Latest Developments
11.5 Navistar
11.5.1 Navistar Company Information
11.5.2 Navistar Truck Platooning Systems Product Offered
11.5.3 Navistar Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Navistar Main Business Overview
11.5.5 Navistar Latest Developments
11.6 Toyota
11.6.1 Toyota Company Information
11.6.2 Toyota Truck Platooning Systems Product Offered
11.6.3 Toyota Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Toyota Main Business Overview
11.6.5 Toyota Latest Developments
11.7 Uber
11.7.1 Uber Company Information
11.7.2 Uber Truck Platooning Systems Product Offered
11.7.3 Uber Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Uber Main Business Overview
11.7.5 Uber Latest Developments
11.8 Bendix Commercial Vehicles Systems
11.8.1 Bendix Commercial Vehicles Systems Company Information
11.8.2 Bendix Commercial Vehicles Systems Truck Platooning Systems Product Offered
11.8.3 Bendix Commercial Vehicles Systems Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Bendix Commercial Vehicles Systems Main Business Overview
11.8.5 Bendix Commercial Vehicles Systems Latest Developments
11.9 DAF
11.9.1 DAF Company Information
11.9.2 DAF Truck Platooning Systems Product Offered
11.9.3 DAF Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 DAF Main Business Overview
11.9.5 DAF Latest Developments
11.10 Continental AG
11.10.1 Continental AG Company Information
11.10.2 Continental AG Truck Platooning Systems Product Offered
11.10.3 Continental AG Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Continental AG Main Business Overview
11.10.5 Continental AG Latest Developments
11.11 IVECO
11.11.1 IVECO Company Information
11.11.2 IVECO Truck Platooning Systems Product Offered
11.11.3 IVECO Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 IVECO Main Business Overview
11.11.5 IVECO Latest Developments
11.12 MAN Truck & Bus
11.12.1 MAN Truck & Bus Company Information
11.12.2 MAN Truck & Bus Truck Platooning Systems Product Offered
11.12.3 MAN Truck & Bus Truck Platooning Systems Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 MAN Truck & Bus Main Business Overview
11.12.5 MAN Truck & Bus Latest Developments
12 Research Findings and Conclusion

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