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Global Truck Platooning Systems Market Research Report 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 was valued at US$ 2373 million in 2023 and is anticipated to reach US$ 12310 million by 2030, witnessing a CAGR of 26.2% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Truck Platooning Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Truck Platooning Systems.
Report Scope
The Truck Platooning Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Truck Platooning Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Truck Platooning Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Peloton Technology
Volvo
Scania
Daimler
Navistar
Toyota
Uber
Bendix Commercial Vehicles Systems
DAF
Continental AG
IVECO
MAN Truck & Bus
Segment by Type
Software
Device
Segment by Application
Heavy Trucks
Light Trucks
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Truck Platooning Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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 was valued at US$ 2373 million in 2023 and is anticipated to reach US$ 12310 million by 2030, witnessing a CAGR of 26.2% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Truck Platooning Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Truck Platooning Systems.
Report Scope
The Truck Platooning Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Truck Platooning Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Truck Platooning Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Peloton Technology
Volvo
Scania
Daimler
Navistar
Toyota
Uber
Bendix Commercial Vehicles Systems
DAF
Continental AG
IVECO
MAN Truck & Bus
Segment by Type
Software
Device
Segment by Application
Heavy Trucks
Light Trucks
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Truck Platooning Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Truck Platooning Systems Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Software
1.2.3 Device
1.3 Market by Application
1.3.1 Global Truck Platooning Systems Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Heavy Trucks
1.3.3 Light Trucks
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Truck Platooning Systems Market Perspective (2019-2030)
2.2 Truck Platooning Systems Growth Trends by Region
2.2.1 Global Truck Platooning Systems Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Truck Platooning Systems Historic Market Size by Region (2019-2024)
2.2.3 Truck Platooning Systems Forecasted Market Size by Region (2025-2030)
2.3 Truck Platooning Systems Market Dynamics
2.3.1 Truck Platooning Systems Industry Trends
2.3.2 Truck Platooning Systems Market Drivers
2.3.3 Truck Platooning Systems Market Challenges
2.3.4 Truck Platooning Systems Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Truck Platooning Systems Players by Revenue
3.1.1 Global Top Truck Platooning Systems Players by Revenue (2019-2024)
3.1.2 Global Truck Platooning Systems Revenue Market Share by Players (2019-2024)
3.2 Global Truck Platooning Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Truck Platooning Systems Revenue
3.4 Global Truck Platooning Systems Market Concentration Ratio
3.4.1 Global Truck Platooning Systems Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Truck Platooning Systems Revenue in 2023
3.5 Truck Platooning Systems Key Players Head office and Area Served
3.6 Key Players Truck Platooning Systems Product Solution and Service
3.7 Date of Enter into Truck Platooning Systems Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Truck Platooning Systems Breakdown Data by Type
4.1 Global Truck Platooning Systems Historic Market Size by Type (2019-2024)
4.2 Global Truck Platooning Systems Forecasted Market Size by Type (2025-2030)
5 Truck Platooning Systems Breakdown Data by Application
5.1 Global Truck Platooning Systems Historic Market Size by Application (2019-2024)
5.2 Global Truck Platooning Systems Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Truck Platooning Systems Market Size (2019-2030)
6.2 North America Truck Platooning Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Truck Platooning Systems Market Size by Country (2019-2024)
6.4 North America Truck Platooning Systems Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Truck Platooning Systems Market Size (2019-2030)
7.2 Europe Truck Platooning Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Truck Platooning Systems Market Size by Country (2019-2024)
7.4 Europe Truck Platooning Systems Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Truck Platooning Systems Market Size (2019-2030)
8.2 Asia-Pacific Truck Platooning Systems Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Truck Platooning Systems Market Size by Region (2019-2024)
8.4 Asia-Pacific Truck Platooning Systems Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Truck Platooning Systems Market Size (2019-2030)
9.2 Latin America Truck Platooning Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Truck Platooning Systems Market Size by Country (2019-2024)
9.4 Latin America Truck Platooning Systems Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Truck Platooning Systems Market Size (2019-2030)
10.2 Middle East & Africa Truck Platooning Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Truck Platooning Systems Market Size by Country (2019-2024)
10.4 Middle East & Africa Truck Platooning Systems Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Peloton Technology
11.1.1 Peloton Technology Company Detail
11.1.2 Peloton Technology Business Overview
11.1.3 Peloton Technology Truck Platooning Systems Introduction
11.1.4 Peloton Technology Revenue in Truck Platooning Systems Business (2019-2024)
11.1.5 Peloton Technology Recent Development
11.2 Volvo
11.2.1 Volvo Company Detail
11.2.2 Volvo Business Overview
11.2.3 Volvo Truck Platooning Systems Introduction
11.2.4 Volvo Revenue in Truck Platooning Systems Business (2019-2024)
11.2.5 Volvo Recent Development
11.3 Scania
11.3.1 Scania Company Detail
11.3.2 Scania Business Overview
11.3.3 Scania Truck Platooning Systems Introduction
11.3.4 Scania Revenue in Truck Platooning Systems Business (2019-2024)
11.3.5 Scania Recent Development
11.4 Daimler
11.4.1 Daimler Company Detail
11.4.2 Daimler Business Overview
11.4.3 Daimler Truck Platooning Systems Introduction
11.4.4 Daimler Revenue in Truck Platooning Systems Business (2019-2024)
11.4.5 Daimler Recent Development
11.5 Navistar
11.5.1 Navistar Company Detail
11.5.2 Navistar Business Overview
11.5.3 Navistar Truck Platooning Systems Introduction
11.5.4 Navistar Revenue in Truck Platooning Systems Business (2019-2024)
11.5.5 Navistar Recent Development
11.6 Toyota
11.6.1 Toyota Company Detail
11.6.2 Toyota Business Overview
11.6.3 Toyota Truck Platooning Systems Introduction
11.6.4 Toyota Revenue in Truck Platooning Systems Business (2019-2024)
11.6.5 Toyota Recent Development
11.7 Uber
11.7.1 Uber Company Detail
11.7.2 Uber Business Overview
11.7.3 Uber Truck Platooning Systems Introduction
11.7.4 Uber Revenue in Truck Platooning Systems Business (2019-2024)
11.7.5 Uber Recent Development
11.8 Bendix Commercial Vehicles Systems
11.8.1 Bendix Commercial Vehicles Systems Company Detail
11.8.2 Bendix Commercial Vehicles Systems Business Overview
11.8.3 Bendix Commercial Vehicles Systems Truck Platooning Systems Introduction
11.8.4 Bendix Commercial Vehicles Systems Revenue in Truck Platooning Systems Business (2019-2024)
11.8.5 Bendix Commercial Vehicles Systems Recent Development
11.9 DAF
11.9.1 DAF Company Detail
11.9.2 DAF Business Overview
11.9.3 DAF Truck Platooning Systems Introduction
11.9.4 DAF Revenue in Truck Platooning Systems Business (2019-2024)
11.9.5 DAF Recent Development
11.10 Continental AG
11.10.1 Continental AG Company Detail
11.10.2 Continental AG Business Overview
11.10.3 Continental AG Truck Platooning Systems Introduction
11.10.4 Continental AG Revenue in Truck Platooning Systems Business (2019-2024)
11.10.5 Continental AG Recent Development
11.11 IVECO
11.11.1 IVECO Company Detail
11.11.2 IVECO Business Overview
11.11.3 IVECO Truck Platooning Systems Introduction
11.11.4 IVECO Revenue in Truck Platooning Systems Business (2019-2024)
11.11.5 IVECO Recent Development
11.12 MAN Truck & Bus
11.12.1 MAN Truck & Bus Company Detail
11.12.2 MAN Truck & Bus Business Overview
11.12.3 MAN Truck & Bus Truck Platooning Systems Introduction
11.12.4 MAN Truck & Bus Revenue in Truck Platooning Systems Business (2019-2024)
11.12.5 MAN Truck & Bus Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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