This Truck Platooning market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study.
This study is one of the most comprehensive documentation that captures all the facets of the evolving Truck Platooning market.
Truck platooning is connecting two or more trucks using automotive driving support technologies so that these connected vehicle can depict each other’s movement. The truck ahead of all the connected trucks acts as the leader, and rest of the platoon react accordingly by reacting & adapting movement of the leader truck.
Thus, truck platooning requires no or little action from the driver. Platooning type could either be autonomous truck platooning or driver-assistive tuck platooning. This evolving trend of truck platooning holds a substantial potential in making the road transportation cleaner, safer, and efficient over coming years.
Government of developed countries have imposed set regulations aiming to reduce emission from road transportation. In the transportation sector, emission of greenhouse gases from trucks contributes a major share which can be reduced by truck platooning as these trucks drive close to each other, in turn, reducing the air drag by 40% resulting in one-tenth reduction in carbon oxide emission per kilometer.
Thus, truck platooning is a remarkable solution for controlling the ongoing emission, which in turn, is expected to create notable opportunities for the global truck platooning market in years to come.
Moreover, truck platooning also reduces fuel consumption as the air resistance is less between the trucks, and there are couple of manufacturers, such as Scania and Peloton Technology, who are focusing on reducing the fuel consumption further. Therefore, over the forecasted period, the global truck platooning market is expected to have substantial growth.
Additionally, adoption of truck platooning reduces traffic congestion. Thus, there a number of regulatory laws that supports truck platooning, for instance, the transposition association of Americas has incorporated projects that evaluate the technology on Canada roadways.
However, the adoption of truck platooning technology is quite high as it requires Radar, Lidar, and other sensors to gather data and give command, which in turn, is predicted to hinder the demand for truck platooning.
On the regional level, Europe and Americas have also been ahead of every region when it comes to technology driven products, and both the regions manufacture heavy vehicles in abundance. Thus, the adoption of truck platooning is predicted to be substantial in the regions throughout the projected period.
In Asia Pacific, Japan and South Korea are stipulated to have high volume and value growth in the truck platooning market while India and China are estimated to have an above average growth. Brazil and Russia are expected to be the emerging countries in the truck platooning market.
The truck platooning market is expected to be in the introductory phase in the Middle East Africa. However, due to the growing awareness and need of emission control the global truck platooning market is estimated to witness a double digit growth.
The global market is estimated to be fragmented owing to the high presence of domestic and regional suppliers. Some of the major participants operating in the global truck platooning market include the following players:
The research report presents a comprehensive assessment of the truck platooning market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments, such as geographies, application, and industry.
The global report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Truck Platooning report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Truck Platooning market can be segmented on the basis of technology, and platooning type
On the basis of technology, the global truck platooning market can be segmented into the following,
On the basis of truck platooning type, the global truck platooning market can be segmented into the following,
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Truck Platooning Market
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