Global “Truck Platooning Market” Report 2020 offers Complete analysis of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Truck Platooning in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Truck Platooning Market report categorizes the market based on manufacturers, regions, type and application. Truck Platooning Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Truck Platooning Market report categorizes the market based on manufacturers, regions, type, and application. Truck Platooning Market reports offer a detailed assessment of the Truck Platooning including enabling technologies, current market situation, market assumptions, restraining factors.
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List of Top Key-players in 2020 of Truck Platooning Market:-
- Peloton TechnologyDaimler AGVolvo GroupDAF Trucks NVScania ABContinental AGMerito WABCO Vehicle Control SystemsBendix Commercial Vehicles Systems LLC
The Global Truck Platooning market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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The global truck platooning market is expected to grow at a CAGR of 1.43% during the forecast period, 2018-2023, with the improved fuel efficiency through truck platooning system gaining attention during the test trials, and thus, is likely to drive the demand for truck platooning in the coming years.
Platooning is a method where a group of two or more vehicles travel at a safe distance behind one another, so that the vehicles following experience reduced air drag, less fuel consumption, and optimal use the road space by avoiding traffic congestion. The leading vehicle controls the driving direction and the trailing vehicles follow the leading vehicle using advanced features such as adaptive cruise control, collision avoidance system, lane departure warning, etc. Trucks are the major type of vehicle currently adopting platooning system, as they have showed significant improvement in fuel savings with the leading truck achieving 4-5% fuel efficiency, while the trailing trucks achieved about 7-10% of fuel efficiency in testing trials on the public motorways.
Growing Investments in Truck Platooning
Europe pioneered in successfully demonstrating truck platooning system under the project Safe Road Trains for the Environment (SARTRE), a European Commission funded project during 2011. Thereafter, the region continued to invest in the development of truck platooning to support its freight business with advanced technologies to meet the growing stringent emission regulations in the future. As of 2017, the UK government has announced to invest USD 10.4 million in semi-autonomous truck platoons trials on the country roadways in 2018.
North America is also investing in activities toward truck platoons, which primarily began with efforts from automotive giants such as Daimler AG, Volvo, and other firms. Similarly, in Asia-Pacific, countries like Japan and Singapore have started launching truck platoon test trials.
A few projects, such as SARTRE, PATH, GCDC (Grand Cooperative Driving Challenge), SCANIA and ENERGY-ITS (Intelligent Transport Systems), have been initiated and implemented across various regions, to test and verify automotive (majorly truck) platooning systems. These projects involve members of automotive industry (SCANIA, DAF, Volvo, Daimler etc), technology companies (Peloton Technology, OTTO Motors, Omnitracs etc), and investment firms, along with support from regional/country level governments.
Developments in Technology Associated with Truck Platooning
Some of the advanced features deployed in truck platooning include adaptive cruise control, forward collision avoidance and mitigation system, and lane departure warning and active braking systems. All these features if availed in the trucks will enable them to enter into the semi-autonomous level of driving and reduce the probability of human error accidents during their transit. Other developed infrastructure systems involved in truck platooning, including vehicle-to-vehicle communications (V2V), vehicle-to-infrastructure (V2I), and satellite communications (GPS), have ensured secure connectivity between the vehicles and other information networks where freight fleet operators can smoothly monitor the transportation administrations.
The ongoing tests on truck platooning, along with the growing support from governments across various regions, and the benefit of fuel efficiency in truck platooning are the major factors anticipated to drive the launch of truck platooning on public roadways commercially by the end of 2018.
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The global Truck Platooning market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Truck Platooning Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Truck Platooning Market:
Jun 2018: KMD partnered with IBM to help it expand into new markets in a USD 320 million agreement. KMD will benefit from new solutions in security, hybrid cloud, and machine learning capabilities for enterprise clients.
Apr 2018: Automation Anywhere expanded in India, by opening a new facility in Bengaluru. The new center will be focused on serving the increasing demand for Automation Intelligent Digital Workforce Platform.
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This Truck Platooning Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Truck Platooning? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Truck Platooning Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Truck Platooning Market? What Was Capacity, Production Value, Cost and PROFIT of Truck Platooning Market?
- What Is Current Market Status of Truck Platooning Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Truck Platooning Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Truck Platooning Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Truck Platooning Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Truck Platooning Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Truck Platooning Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Truck Platooning Industry?
Reasons to Purchase Truck Platooning Market Report:Latest technology trends adopted in the truck platooning market.Various perspectives of the market with the help of Porter’s five forces analysis.Study on the technologies deployed in the truck platooning.The latest developments and activities employed by the major market players.3 months analyst support, along with the Market Estimate Sheet (in Excel).
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Finally, the report Global Truck Platooning Market 2020 describes the Truck Platooning industry expansion game plan, the Truck Platooning industry knowledge supply, appendix, analysis findings, and the conclusion.
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