The Business Research Company’s report on the Truck Platooning Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the truck platooning market in recent years?
The growing sales of commercial vehicles are expected to propel the growth of truck platooning going forward. A commercial vehicle is referred to as a vehicle that moves people or goods for business purposes. Increasing commercial vehicles will create demand for platooning technologies due to which they gain benefits such as increased efficiency, reduced loss, and improved fuel economy. Truck is part of commercial vehicles and as the trucks increase, their need for improving operations or road safety also increases which also creates demand for platooning. For instance, in September 2022, according to Rushlane, an India-based automotive company, sales of commercial vehicles increased from 54,107 units in August 2021 to 67,158 units in August 2022. Therefore, the growing sales of commercial vehicles are driving the growth of truck platooning market.
Access Your Free Sample of the Global Truck Platooning Market Report – Get Insights Now!
Truck Platooning Market Report 2025, Size, Share And Global Forecast Sample
What is the projected market size of the truck platooning industry, and how is it expected to grow?
The truck platooning market size has grown exponentially in recent years. It will grow from $2.72 billion in 2024 to $3.56 billion in 2025 at a compound annual growth rate (CAGR) of 31.3%. The growth in the historic period can be attributed to fuel efficiency and cost savings, regulatory initiatives and emission standards, supply chain optimization and logistics efficiency, road safety and accident prevention.
The truck platooning market size is expected to see exponential growth in the next few years. It will grow to $10.2 billion in 2029 at a compound annual growth rate (CAGR) of 30.1%. The growth in the forecast period can be attributed to continued emphasis on sustainability, advancements in connected vehicle technologies, expansion of automated driving capabilities, global trade and freight movement, infrastructure investments and smart transportation. Major trends in the forecast period include testing and pilot programs, development of cybersecurity measures, integration with connected infrastructure, focus on driver training and education, market entry of new players.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
Truck Platooning Market Report 2025, Size, Share And Global Forecast Customise
Who are the key players driving competition in the truck platooning market?
Major companies operating in the truck platooning market include Daimler AG, Aktiebolaget Volvo, Continental AG, Navistar Inc., Scania AB, IVECO SpA, Hino Motors Ltd., Nvidia Corporation, Bendix Corporation, MAN Truck & Bus SE, DAF Trucks NV, Omnitracs LLC, Robert Bosch GmbH, ZF Friedrichshafen AG, PACCAR Inc., WABCO Holdings Inc., Stoneridge Inc., Denso Corporation, Magna International Inc., Aptiv plc, Autoliv Inc., Valeo SA, Mobileye Global Inc., TomTom NV, Trimble Inc., Waymo LLC, Aurora Innovation Inc., TuSimple Holdings Inc., Embark Trucks Inc., AI-First Global Autonomous Trucking Technology Company, Kodiak Robotics Inc., Locomation Inc.
What key trends are expected to drive the transport vehicle components market during the forecast period?
Major companies operating in the truck platooning market are adopting new technologies to sustain their position in the market. Adopting new technologies refers to the process by which companies or organizations incorporate or integrate innovative tools, systems, or methodologies into their operations to enhance efficiency, improve performance, or gain a competitive edge. For instance, in September 2023, Resolute Forest Products, formerly known as AbitibiBowater Inc, a Canada-based pulp and paper company, is helping advance an exciting off-highway automated vehicle (AV) technology known as truck platooning. The test utilized a pickup truck prototype in summer and winter conditions. Upcoming phases will examine performance in more challenging scenarios using loaded freight in cold, icy and low-light conditions with full scale Class 8 Trucks, equipped with RRAI’s (Telecom Regulatory Authority of India) AutoDrive autonomous platform.
Which key geographies are driving the growth of the truck platooning market?
Asia-Pacific was the largest region in the truck platooning market in 2024. North America is expected to be the truck platooning market report fastest-growing region in the forecast period. The regions covered in the truck platooning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
Truck Platooning Market Report 2025, Size, Share And Global Forecast
What are the key segments driving growth in the truck platooning market?
The truck platooning market covered in this report is segmented –
1) By Services: Telematic Based Services, Automatic Crash Notification, Emergency Calling, Navigation And Infotainment, On Road Assistance, Remote Diagnostics, Vehicle Tracking, Other Services
2) By Component: Forward Looking Camera, System Display With Rear Time Camera, RADAR Base Collision Mitigation, LiDAR
3) By Platooning Type: Driver-Assistive Tuck Platooning (DATP), Autonomous Truck Platooning
4) By Communication Technology: Vehicle-To-Infrastructure (V2I), Vehicle-To-Vehicle (V2V), Vehicle-To-Everything (V2X)
5) By Autonomous Level: Semi-Autonomous, Full-Autonomous
Subsegments:
1) By Telematic Based Services: Fleet Management, Data Analytics
2) By Automatic Crash Notification: Accident Detection, Emergency Response Coordination
3) By Emergency Calling: SOS Services, Driver Assistance
4) By Navigation And Infotainment: GPS Navigation, Entertainment Systems
5) By On Road Assistance: Towing Services, Mechanical Assistance
6) By Remote Diagnostics: Engine Diagnostics, Performance Monitoring
7) By Vehicle Tracking: Real-Time Location Tracking, Route Optimization
8) By Other Services: Driver Training Programs, Compliance Management
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
Truck Platooning Market Report 2025, Size, Share And Global Forecast
How is the truck platooning market defined, and what are its core characteristics?
Truck platooning is the merging of two or more vehicles in a platoon using autonomous driving support systems and networking technology. It enables trucks to follow one another closely, lowering air resistance and enhancing fuel efficiency.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: The Business Research Company | LinkedIn
