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Truck Platooning Market Overview, Size, Share | Global Industry Outlook and Statistics, Segmentation and Forecast to 2027 by Reports And Data

truck platooning market overview size share global industry outlook and statistics segmentation and forecast to 2027 by reports and data

Truck Platooning Mar

iCrowdNewswire   Feb 2, 2021  6:58 PM ET

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).

To get a Sample Copy of the Report, click here @ https://www.reportsanddata.com/sample-enquiry-form/2452 

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


Communication Technology (Revenue, USD Million; 2016–2026)



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:

  • 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.
  • Major driver for the growth of the market is the increasing demand for lowering the fuel consumption. Another factor that is adding up to the growth of the market are the increasing government regulations related to the reduction of emissions.
  • Rising adoption of Internet of Things (IoT) is another factor that will help the growth of the market over the forecasted period.
  • North America was the largest revenue generating region in the year 2018 on account of large demand for safe and efficient vehicles in the region. The region is forecasted to continue remaining the largest revenue holding region in 2026….Continued

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Key Selling Points of This Research Study:

  1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.
  2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector.
  3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.
  4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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


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