Global Truck Platooning System Market Insights, Forecast to 2025
- Rep Id : XPLREP2107
- Published On : August, 2018
- No. of Pages : 97
- Category : Transport & Logistics
- Publisher : QYResearch
The consumption of Truck Platooning System in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Peloton Technology, Volvo Group, etc.
Truck platooning is discern as the future of the transportation industry. In a truck platoon, multiple trucks travel at an aerodynamically efficient distance and drive cooperatively by maintaining the distance. A truck platoon is similar to a train’s compartment like arrangement but with physical disconnects. If truck platoons are permitted to operate exclusively on truck-only highways, it is likely to lead to an integrated business model between the infrastructure service provider and transportation service provider. It may also result in several public-private partnerships for financing the concept of truck platooning.
One of the upcoming trends spurring this market’s growth is the emergence of newer businesses as a result of truck platooning. If truck platoons are permitted to operate exclusively on truck-only highways, it is likely to lead to an integrated business model between the infrastructure service provider and transportation service provider. It may also result in several public-private partnerships for financing the concept of truck platooning. The market for truck platooning is anticipated to pave opportunities for several new businesses including road construction business, transportation and logistics service providers, and ICT providers because of the potential business opportunity arising from connected technology offerings and the need for wireless communication technologies. Furthermore, several taxi platoons or several cars traversing the same route can enter the platoon mode for a more relaxed driving experience and, thus, leverage the benefits that stem from platooning. The advent of new businesses is expected to steer this market’s growth over the next four years.
EMEA led the global truck platooning market and accounted for nearly 50% of the market share during 2017. The EU market is a mature automotive market and holds high potential for the truck platooning system market. The region is well placed in terms of smart mobility and developed ICT infrastructure and with the implementation of favorable regulatory mandates, this market is expected to witness promising growth in the region over the forecast period.
Global Truck Platooning System market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Truck Platooning System.
The following manufacturers are covered in this report:
- Peloton Technology
- Volvo Group
Bendix Commercial Vehicles Systems
- MAN Truck & Bus
Truck Platooning System Breakdown Data by Type
Truck Platooning System Breakdown Data by Application
- Heavy Trucks
- Light Trucks
Truck Platooning System Production by Region
- United States
- South Korea
- Other Regions
Truck Platooning System Consumption by Region
- North America
- United States
- South Korea
- Rest of Europe
- Central & South America
- Rest of South America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa