Truck Platooning Market Synopsis:
The prominent players in the Truck Platooning market include ZF (Germany), Chevrolet (U.S.), Dodge (U.S.), GMC (General Motors Truck Company) (U.S.), Toyota Motor Corporation (Japan), Volvo trucks (Sweden), Paccar Inc. (U.S.), Daimler Trucks North America LLC (U.S.), Caterpillar Inc. (U.S.), MAN Truck & Bus AG (Germany) and Cummins (U.S.) others.
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Platooning is an advanced vehicle technology where automated support system is tethered convoys of two or more trucks set closely together to reduce air drag and increase fuel efficiency. The main function of platooning is to maintain acceleration, braking and steering across all trucks in the platoon. The vehicle OEMs are developing vehicle to vehicle communication system to improve the performance of the vehicle and automated driving system. Improved truck platoons reduce fuel consumption, enhance traffic safety and reduce the CO2 emissions. Growing sales of commercial vehicle across the globe and advanced cruising technologies used in the platooning drive the truck platooning market. Increasing road development, road transport facilities, and information technology enhance the growth of truck platooning market.
The factors that are responsible for the growth of truck platooning market are stringent environment regulations, innovation in platooning technologies, and the growing sales of commercial vehicles. Platooning provides autonomous driving experience, which reduces driving efforts and the number of accidents as well as it improves operational efficiency, which increases the growth of the market. Platooning improves road transport in a more efficient, safer and cleaner way, which increases demand for the platooning in the global market. Truck platooning is expected to increase the demand in sectors such as road development, transportation, logistics, and information technology because of the rising demand for automated technologies. The European government has taken several initiates to facilitate large-scale, cross-border transportation through truck platooning. Moreover, the European automakers have been working on truck platooning with help of only front truck driver in the future. However regulatory framework in Europe and road infrastructure will hinder the growth of the market.
Market Segments Analysis:
The scope of the study segments the global truck platooning’s market by its component, technology, vehicle type, and region.
By Component:
Forward-Looking Camera
System Display with Rear Time Camera
Driver-Centric Design
RADAR Base Collision Mitigation
By Technology:
Acceleration & Braking Controller
GPS
Cellular & Wi-Fi communication
DSRS Vehicle To Vehicle Communication
By Vehicle Type:
Light Commercial Vehicle
Heavy Commercial Vehicle
By Region:
North America
Europe
Asia-Pacific
Rest of the World
Regional Analysis:
On the basis of region, the market is segmented on the basis of North America, Asia-Pacific, Europe, and Rest of the World. The availability of automated technologies related to platooning in most regions has propelled the demand in the truck platooning market. Existence of major manufacturers in these regions along with their partnerships with the local players, over time, have widened the scope of the market in these regions.
Europe region is expected to dominate the market during the forecast period. Truck platooning involves high capital costs, which becomes an entry barrier. Asia-Pacific is expected to be the second largest market during the forecast period due to immense demand of commercial vehicles in India. With the increase in demand of commercial vehicles, there has been growth in the truck platooning market. The safety and minimum driving efforts with easy transportation for achieving the desired automated vehicles generates the need for adoption of advanced technologies, such as platooning.
The report for global truck platooning market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL Truck Platooning MARKET
5 INDUSTRY OVERVIEW OF GLOBAL Truck Platooning MARKET
5.1 INTRODUCTION
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
Continued…
LIST OF TABLES:
TABLE 1 GLOBAL Truck Platooning Truck Platooning MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA Truck Platooning MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE Truck Platooning MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC Truck Platooning MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA Truck Platooning MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA Truck Platooning MARKET: BY COUNTRY, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 GLOBAL Truck Platooning MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL Truck Platooning MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL Truck Platooning MARKET
FIGURE 5 SHARE OF GLOBAL Truck Platooning MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL Truck Platooning MARKET, 2017-2023,
FIGURE 7 SUB SEGMENTS OF COMPONENT
FIGURE 8 GLOBAL Truck Platooning MARKET SIZE BY COMPONENT, 2017
Continued…
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