Press release
Truck Platooning Market 2018 Global Industry Forecast To 2023 By Size, Share, Trends, And Key Players - Peloton Technology, Scania, Meritor Wabco, Continental, OTTO Technologies, And Bendix Commercial Vehicles
Get Sample Report Truck Platooning Market 2018 at: https://www.marketresearchfuture.com/sample_request/6409
The key players in truck platooning market are Daimler AG (Germany), Scania AB (Sweden), AB Volvo (Sweden), Peloton Technology (US), Navistar International Corporation (US), and Meritor Wabco (Auburn Hills). Bendix Commercial Vehicles Systems LLC (Ohio), Continental AG (Germany), Delphi Automotive PLC (Dublin), and OTTO Technologies (San Francisco) are among others.
Market Highlights:
This study provides an overview of the global Truck Platooning market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive Truck Platooning market by type, mode of booking, application, vehicle type, and regions.
On the basis of technology the market is segmented into acceleration & braking controller, GPS, cellular & Wi-Fi communication, dedicated short range communication V2V communication. On the basis of vehicle type the market is segmented into light commercial vehicle, and heavy commercial vehicle.
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.
On the basis of region, the market is segmented into the regions of North America, Asia-Pacific, Europe, and Rest of the World. Europe is expected to dominate the market in the future due to an increase in demand for smart mobility and automated driving system in countries such as UK, Germany, and France. Also, there has been an increase in sales of commercial vehicles in Europe, which has resulted in an increase in the market size of truck platooning. The increase in demand for safety, efficiency and road transport increases the demand for truck platooning in the region.
For more details visit: https://www.marketresearchfuture.com/reports/truck-platooning-market-6278
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