Global Truck Platooning Systems Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Truck Platooning Systems Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

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.

According to APO Research, The global Truck Platooning Systems market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Truck Platooning Systems is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Truck Platooning Systems is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Truck Platooning Systems is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global companies of Truck Platooning Systems include Peloton Technology, Volvo, Scania, Daimler, Navistar, Toyota, Uber, Bendix Commercial Vehicles Systems and DAF, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

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.
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.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Peloton Technology
Volvo
Scania
Daimler
Navistar
Toyota
Uber
Bendix Commercial Vehicles Systems
DAF
Continental AG
IVECO
MAN Truck & Bus
Truck Platooning Systems segment by Type

Software
Device
Truck Platooning Systems segment by Application

Heavy Trucks
Light Trucks
Truck Platooning Systems by Distribution Channel

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Truck Platooning Systems market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Truck Platooning Systems and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Truck Platooning Systems.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2019-2024, 2025-2030). 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: 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 3: 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 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of Truck Platooning Systems companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global Truck Platooning Systems Market Size Overview by Region 2019 VS 2023 VS 2030
1.4 Global Truck Platooning Systems Market Size by Region (2019-2030)
1.4.1 Global Truck Platooning Systems Market Size by Region (2019-2024)
1.4.2 Global Truck Platooning Systems Market Size by Region (2025-2030)
1.5 Key Regions Truck Platooning Systems Market Size (2019-2030)
1.5.1 North America Truck Platooning Systems Market Size Growth Rate (2019-2030)
1.5.2 Europe Truck Platooning Systems Market Size Growth Rate (2019-2030)
1.5.3 Asia-Pacific Truck Platooning Systems Market Size Growth Rate (2019-2030)
1.5.4 Latin America Truck Platooning Systems Market Size Growth Rate (2019-2030)
1.5.5 Middle East & Africa Truck Platooning Systems Market Size Growth Rate (2019-2030)
2 Truck Platooning Systems Market by Type
2.1 Type Introduction
2.1.1 Software
2.1.2 Device
2.2 Global Truck Platooning Systems Market Size by Type
2.2.1 Global Truck Platooning Systems Market Size Overview by Type (2019-2030)
2.2.2 Global Truck Platooning Systems Historic Market Size Review by Type (2019-2024)
2.2.3 Global Truck Platooning Systems Market Size Forecasted by Type (2025-2030)
2.3 Global Truck Platooning Systems Market Size by Regions
2.3.1 North America Truck Platooning Systems Market Size Breakdown by Type (2019-2024)
2.3.2 Europe Truck Platooning Systems Market Size Breakdown by Type (2019-2024)
2.3.3 Asia-Pacific Truck Platooning Systems Market Size Breakdown by Type (2019-2024)
2.3.4 Latin America Truck Platooning Systems Market Size Breakdown by Type (2019-2024)
2.3.5 Middle East and Africa Truck Platooning Systems Market Size Breakdown by Type (2019-2024)
3 Truck Platooning Systems Market by Application
3.1 Type Introduction
3.1.1 Heavy Trucks
3.1.2 Light Trucks
3.2 Global Truck Platooning Systems Market Size by Application
3.2.1 Global Truck Platooning Systems Market Size Overview by Application (2019-2030)
3.2.2 Global Truck Platooning Systems Historic Market Size Review by Application (2019-2024)
3.2.3 Global Truck Platooning Systems Market Size Forecasted by Application (2025-2030)
3.3 Global Truck Platooning Systems Market Size by Regions
3.3.1 North America Truck Platooning Systems Market Size Breakdown by Application (2019-2024)
3.3.2 Europe Truck Platooning Systems Market Size Breakdown by Application (2019-2024)
3.3.3 Asia-Pacific Truck Platooning Systems Market Size Breakdown by Application (2019-2024)
3.3.4 Latin America Truck Platooning Systems Market Size Breakdown by Application (2019-2024)
3.3.5 Middle East and Africa Truck Platooning Systems Market Size Breakdown by Application (2019-2024)
4 Global Market Dynamics
4.1 Truck Platooning Systems Industry Trends
4.2 Truck Platooning Systems Industry Drivers
4.3 Truck Platooning Systems Industry Opportunities and Challenges
4.4 Truck Platooning Systems Industry Restraints
5 Competitive Insights by Company
5.1 Global Top Players by Truck Platooning Systems Revenue (2019-2024)
5.2 Global Truck Platooning Systems Industry Company Ranking, 2022 VS 2023 VS 2024
5.3 Global Truck Platooning Systems Key Company Headquarters & Area Served
5.4 Global Truck Platooning Systems Company, Product Type & Application
5.5 Global Truck Platooning Systems Company Commercialization Time
5.6 Market Competitive Analysis
5.6.1 Global Truck Platooning Systems Market CR5 and HHI
5.6.2 Global Top 5 and 10 Truck Platooning Systems Players Market Share by Revenue in 2023
5.6.3 2023 Truck Platooning Systems Tier 1, Tier 2, and Tier 3
6 Company Profiles
6.1 Peloton Technology
6.1.1 Peloton Technology Comapny Information
6.1.2 Peloton Technology Business Overview
6.1.3 Peloton Technology Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.1.4 Peloton Technology Truck Platooning Systems Product Portfolio
6.1.5 Peloton Technology Recent Developments
6.2 Volvo
6.2.1 Volvo Comapny Information
6.2.2 Volvo Business Overview
6.2.3 Volvo Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.2.4 Volvo Truck Platooning Systems Product Portfolio
6.2.5 Volvo Recent Developments
6.3 Scania
6.3.1 Scania Comapny Information
6.3.2 Scania Business Overview
6.3.3 Scania Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.3.4 Scania Truck Platooning Systems Product Portfolio
6.3.5 Scania Recent Developments
6.4 Daimler
6.4.1 Daimler Comapny Information
6.4.2 Daimler Business Overview
6.4.3 Daimler Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.4.4 Daimler Truck Platooning Systems Product Portfolio
6.4.5 Daimler Recent Developments
6.5 Navistar
6.5.1 Navistar Comapny Information
6.5.2 Navistar Business Overview
6.5.3 Navistar Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.5.4 Navistar Truck Platooning Systems Product Portfolio
6.5.5 Navistar Recent Developments
6.6 Toyota
6.6.1 Toyota Comapny Information
6.6.2 Toyota Business Overview
6.6.3 Toyota Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.6.4 Toyota Truck Platooning Systems Product Portfolio
6.6.5 Toyota Recent Developments
6.7 Uber
6.7.1 Uber Comapny Information
6.7.2 Uber Business Overview
6.7.3 Uber Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.7.4 Uber Truck Platooning Systems Product Portfolio
6.7.5 Uber Recent Developments
6.8 Bendix Commercial Vehicles Systems
6.8.1 Bendix Commercial Vehicles Systems Comapny Information
6.8.2 Bendix Commercial Vehicles Systems Business Overview
6.8.3 Bendix Commercial Vehicles Systems Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.8.4 Bendix Commercial Vehicles Systems Truck Platooning Systems Product Portfolio
6.8.5 Bendix Commercial Vehicles Systems Recent Developments
6.9 DAF
6.9.1 DAF Comapny Information
6.9.2 DAF Business Overview
6.9.3 DAF Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.9.4 DAF Truck Platooning Systems Product Portfolio
6.9.5 DAF Recent Developments
6.10 Continental AG
6.10.1 Continental AG Comapny Information
6.10.2 Continental AG Business Overview
6.10.3 Continental AG Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.10.4 Continental AG Truck Platooning Systems Product Portfolio
6.10.5 Continental AG Recent Developments
6.11 IVECO
6.11.1 IVECO Comapny Information
6.11.2 IVECO Business Overview
6.11.3 IVECO Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.11.4 IVECO Truck Platooning Systems Product Portfolio
6.11.5 IVECO Recent Developments
6.12 MAN Truck & Bus
6.12.1 MAN Truck & Bus Comapny Information
6.12.2 MAN Truck & Bus Business Overview
6.12.3 MAN Truck & Bus Truck Platooning Systems Revenue, Global Share and Gross Margin (2019-2024)
6.12.4 MAN Truck & Bus Truck Platooning Systems Product Portfolio
6.12.5 MAN Truck & Bus Recent Developments
7 North America
7.1 North America Truck Platooning Systems Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2 North America Truck Platooning Systems Market Size by Country (2019-2024)
7.3 North America Truck Platooning Systems Market Size Forecast by Country (2025-2030)
8 Europe
8.1 Europe Truck Platooning Systems Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2 Europe Truck Platooning Systems Market Size by Country (2019-2024)
8.3 Europe Truck Platooning Systems Market Size Forecast by Country (2025-2030)
9 Asia-Pacific
9.1 Asia-Pacific Truck Platooning Systems Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2 Asia-Pacific Truck Platooning Systems Market Size by Country (2019-2024)
9.3 Asia-Pacific Truck Platooning Systems Market Size Forecast by Country (2025-2030)
10 Latin America
10.1 Latin America Truck Platooning Systems Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2 Latin America Truck Platooning Systems Market Size by Country (2019-2024)
10.3 Latin America Truck Platooning Systems Market Size Forecast by Country (2025-2030)
11 Middle East & Africa
11.1 Middle East & Africa Truck Platooning Systems Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2 Middle East & Africa Truck Platooning Systems Market Size by Country (2019-2024)
11.3 Middle East & Africa Truck Platooning Systems Market Size Forecast by Country (2025-2030)
12 Concluding Insights
13 Appendix
13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
13.5.1 Secondary Sources
13.5.2 Primary Sources

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