The global truck platooning market is anticipated to grow at an exponential CAGR of 28.9% during the forecast period. One of the key factors that are fueling the market is the support from the various government via promoting it, supporting it, and testing it. For instance, in April 2022, the European Commission published a report “Analysis of market needs, business models and life-cycle environmental impacts of multi-brand platooning” for analyzing multi-brand platooning. The government of various regions is making rules for supporting the adoption and testing of platooning technology of trucks on roadways due to its benefits such as reduced emission of harmful gases, fuel consumption, less traffic congestion, and others.
Browse the full report description of “Truck Platooning Market Size, Share & Trends Analysis Report by Technology Type (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), by Autonomous Level (Semi-Autonomous, and Full-Autonomous), and by Communication Technology (Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), and Global Positioning System (GPS)) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/truck-platooning-market
For instance, in May 2020, the US States, Arizona, Texas, and Utah confirmed the allowance of automated follower truck platooning. Moreover, the Ministry of transportation in Ontario, Canada, incorporated the development of its pilot project for evaluating and testing the automated truck and vehicle platooning technology on Ontario roadways. Such supportive government initiatives to test truck platooning technology are anticipated to offer exponential growth and show great future potential in the market in upcoming years.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Technology Type
o By Autonomous Level
o By Communication Technology
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Mercedes-Benz Group AG, PACCAR Holding B.V. (DAF), Peloton Technology, Scania CV AB, Volvo Group, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Truck Platooning Market Report Segment
By Technology Type
By Autonomous Level
By Communication Technology
Global Truck Platooning Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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