Truck Platooning Market 2020 -Key Leaders Analysis, Segmentation, Growth, Future Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast By 360 Market Updates


Global “Truck Platooning Market” Report 2020 contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. The Truck Platooning market growth is expected to register a CAGR of 1.43% during the forecast period. Truck Platooning Market reports offer a detailed assessment of the Truck Platooning including enabling technologies, current market scenario, market assumptions, restraining factors.

Truck Platooning Market Report covers the Top Key-players 2020:-

  • Peloton TechnologyDaimler AGVolvo GroupDAF Trucks NVScania ABContinental AGMerito WABCO Vehicle Control SystemsBendix Commercial Vehicles Systems LLC

The global Truck Platooning market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.

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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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Important Questions Answered in the Report:

  • What will be the CAGR% in during the forecast year?
  • What are the challenges or threats for new applicants?
  • How growth rate will be affected by key regions?
  • At what stage of development is the global Truck Platooning market?
  • What are the restrictive factors of the Truck Platooning market?

Highlighted points of Truck Platooning Market Report:

  • 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.

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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