Reports and Data added a research publication document on Global Truck Platooning Market. Breaking the business down into major segments and highlighting different regions to get an in-depth analysis of this market. The study perfectly balances both subjective and statistical information to explain the current Truck Platooning market scenario. The study uses relevant market data, like for historical years it uses data from 2016-2018 and taking 2019 as the base year it gives a result which is predicted to the year 2027.
The global Truck Platooning market was valued at USD 650.71 Million in 2018 and is projected to grow at a CAGR of 31.65% from 2019 to 2026. The increasing government regulations related to the reduction of emissions as well as the rising demand for lowering the fuel consumption are the major factors for the growth of the Truck Platooning market. Another factor that is boosting the growth of the Truck Platooning market is the rising adoption of Internet of Things (IoT). The factor restraining the growth of the market is the high cost of technology. Another factor that will hinder the growth of the market is the quality of the roads need to be good enough.
The emerging and present key participants in the Truck Platooning market are:
Bendix (U.S.), A B Volvo (Sweden), Continental AG (Germany), Daimler AG (Germany), Aptiv PLC (Ireland), Wabco (France), Navistar, Inc. (U.S.), DAF Trucks (Netherlands), Peloton Technology (U.S.), and Scania AB(Sweden).
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1. Profitability scope and Prospects:
The key participants who have shown tremendous growth in the Truck Platooning market have been included in the report. In the report, data from 2016 to 2018, shows that some of the companies have shown enormous sales revenues, with the net revenue being doubled and the profits continually increasing. The profitability of the products being sold by the company indicates the influence and competitive advantage these companies have over the others.
For the purpose of this study, Reports and Data have segmented the Truck Platooning Market on the basis of Technology, Communication Technology, Platooning Type, Services, and Region:
Technology (Revenue, USD Million; 2016–2026)
Adaptive Cruise Control
Forward Collision Avoidance & Mitigation
Lane Departure Warning
Active Brake Assist
Blind Spot Warning
Global Positioning System
Autonomous Emergency Braking
Others
Communication Technology (Revenue, USD Million; 2016–2026)
V2V
V2I
Global Positioning System (GPS)
Platooning Type (Revenue, USD Million; 2016–2026)
Driver Assistive Truck Platooning (DATP)
Autonomous Truck Platooning
Services (Revenue, USD Million; 2016–2026)
Telematics based
Platooning based
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The Global Truck Platooning market is forecast to grow at a rate of 31.65% CAGR to reach a valuation of USD 5.91 Billion in 2026.
2. About the growth prospects and rising competition
The participants plan to introduce new products and launch them into various markets around the globe, considering the applications/end-uses, such as Small and Medium Enterprises (SMEs) & Large Enterprises. The report also evaluates some latest innovative products that are vital and may be introduced in EMEA markets in the last quarter of 2019 and 2020.
3. Current scenario of the Truck Platooning market
The year’s overall performance might not be that encouraging as other market segments like cloud-based and on-premises that have shown modest gains. The growth scenario might change with other companies trying to come up with more ambitious plans. Unlike the past, decent growth and consumption have been observed in the United States, EU, Japan, China, India & Southeast Asia, and many growth opportunities lie ahead for the companies.
Further key findings from the report suggest:
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Key Selling Points of This Research Study:
Table of Content:
Chapter 1. Market Synopsis:
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary:
2.1. Introduction
2.2. Summary Snapshot, 2016 – 2026
2.3. Assumptions
2.4. Limitations
Chapter 3. Indicative Metrics:
3.1. Growing Automotive Industry
3.2. Rising logistics industry
Chapter 4. Global Truck Platooning Market Segmentation & Impact Analysis:
4.1. Global Truck Platooning Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market Indicators Analysis
Continued…
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