openPR Logo
Press release

Global Truck Platooning Systems Market Overview 2033 : Forecasted Market Size And Growth Rate | Daimler Trucks, ZF Friedrichshafen AG, AB Volvo, Continental AG, Magna International Inc

Truck Platooning Systems Global Market Report 2024

Truck Platooning Systems Global Market Report 2024

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Truck Platooning Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.21 billion In 2028 At A CAGR Of 18.3% :

The truck platooning systems market size has grown rapidly in recent years. It will grow from $0.95 billion in 2023 to $1.13 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to regulatory pressures, expansion of cooperative and automated mobility, supply chain efficiency, and safety considerations.

The truck platooning systems market size is expected to see rapid growth in the next few years. It will grow to $2.21 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. The growth in the forecast period can be attributed to traffic congestion and road capacity, increased adoption in freight industry improved safety, increasing freight demand, growing emphasis on automation. Major trends in the forecast period include development of multi-brand platooning solutions, regulatory harmonization and standardization, and emergence of hybrid platooning models.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=15161&type=smp

Truck Platooning Systems Market Major Segments
The truck platooning systems market covered in this report is segmented -

1) By Component: Forward-Looking Camera, System Display With Rear Time Camera, Driver-Centric Design
2) By Vehicle: Light Commercial, Heavy Commercial
3) By Technology: Acceleration And Braking Controller, Global Positioning System, Cellular And Wi-Fi Communication, DSRS Vehicle-To-Vehicle Communication

Key Driver - Commercial Vehicle Expansion Fuels The Growth Of The Truck Platooning Systems Market

A growing number of commercial vehicles is expected to propel the growth of the truck platooning systems market going forward. Commercial vehicles are a broad category primarily designed for commercial use rather than personal transportation. The rise in number of commercial vehicles is due to economic growth, changes in consumer behavior, and the evolving dynamics of global trade and transportation. Truck platooning systems improve commercial vehicles' efficiency, safety, and cost savings, making them an attractive option for fleet operators looking to optimize their operations. For instance, in January 2024, according to the European Automobile Manufacturers Association, a Belgium-based group of the automobile industry, European Union bus registrations in 2023 soared by 19.4% to 32,593 units, while new truck registrations rose by 16.3% to 346,986 units compared to 2022. Therefore, the growing number of commercial vehicles is driving the growth of the truck platooning systems market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=15161&type=smp

Prominent Trend - Integrated Connected Truck Platforms For Seamless Fleet Communication And Management.

Major companies operating the truck platooning systems market are focusing on developing advanced solutions, such as the connected truck platform, to enable seamless communication and coordination between trucks in a platoon. A connected truck platform is a technology solution that integrates various components of a truck's operations, including telematics, software applications, real-time vehicle data, and third-party applications, to provide a unified and customizable platform for fleet management. For instance, in October 2021, PACCAR Inc., a US-based manufacturer of large commercial trucks, launched a new connected truck platform to integrate virtual vehicle technology with the PACCAR Connect telematics system. The integrated product will offer Kenworth and Peterbilt customers a standardized telematics operating system and application store, enabling customers to access software solutions, real-time vehicle data, and third-party applications directly from their vehicles. The platform also supports existing fleet management systems and enables customers to access various software solutions and applications directly from their vehicles.

Truck Platooning Systems Market Players
Major companies operating in the truck platooning systems market report are Daimler Trucks, ZF Friedrichshafen AG, AB Volvo, Continental AG, Magna International Inc., Uber Technologies Inc., PACCAR Inc., Cummins Inc., Eaton Corporation plc, Scania AB, Iveco, MAN Truck & Bus, Navistar International Corporation, Knorr-Bremse AG, Bosch Rexroth AG, Meritor Inc., WABCO Holdings Inc., Allison Transmission Holdings Inc., DAF Trucks NV, Bendix Commercial Vehicle Systems LLC, Waymo LLC, Embark Trucks Inc., Einride AB, TuSimple Holdings Inc.

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/truck-platooning-systems-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the truck platooning systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the truck platooning systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Truck Platooning Systems Market Report Structure
3. Truck Platooning Systems Market Trends And Strategies
4. Truck Platooning Systems Market - Macro Economic Scenario
5. Truck Platooning Systems Market Size And Growth
…..
27. Truck Platooning Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Truck Platooning Systems Market Overview 2033 : Forecasted Market Size And Growth Rate | Daimler Trucks, ZF Friedrichshafen AG, AB Volvo, Continental AG, Magna International Inc here

News-ID: 3537591 • Views:

More Releases from The Business Research Company

Global Limestone Market Expected to Grow to $100.85 Billion by 2028 at 6.5% CAGR, Driven by Construction Boom
Global Limestone Market Expected to Grow to $100.85 Billion by 2028 at 6.5% CAGR …
The new report published by The Business Research Company, titled "Limestone Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the limestone market size has grown strongly in recent years. It will grow from $73.28 billion in 2023 to
Global Lactose-Free Food Market Soars to $29.11 Billion by 2028 with 11.7% CAGR Growth, Driven by Rising Lactose Intolerance
Global Lactose-Free Food Market Soars to $29.11 Billion by 2028 with 11.7% CAGR …
The new report published by The Business Research Company, titled "Lactose Free Food Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the lactose free food market size has grown rapidly in recent years. It will grow from $16.51
Global Investment Banking Market Set to Grow $194.05 Billion by 2028 at 8.1% CAGR, Driven by Economic Growth
Global Investment Banking Market Set to Grow $194.05 Billion by 2028 at 8.1% CAG …
The new report published by The Business Research Company, titled "Investment Banking Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the investment banking market size has grown strongly in recent years. It will grow from $131.25 billion in
Global Infrastructure Inspection Market o Hit $2.93 Billion by 2028 at 7.5% CAGR, Driven by Capital Investments
Global Infrastructure Inspection Market o Hit $2.93 Billion by 2028 at 7.5% CAGR …
The new report published by The Business Research Company, titled "Infrastructure Inspection Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends. As per the report, the infrastructure inspection market size has grown strongly in recent years. It will grow from $2.05 billion in

All 5 Releases


More Releases for Truck

Commercial Truck Leasing Market Report- Applications, Type, Deployment, Organiza …
The Commercial Truck Leasing Market research report presents an intensive and coordinated exploration of the current circumstance, market key elements, Commercial Truck Leasing Market methodologies, and central participants' development in the business. The investigation helps controllers and corporate leaders in developing cost-effective decisions. Commercial Truck Leasing Market provides an evenhanded and extensive assessment of existing examples, factors, obstacles, limits, headway, possibilities/quick development areas that will help partners create business plans
Truck Rental and Leasing Market: Year 2020-2027 and its detail analysis by focus …
The research report provides a big picture on "Truck Rental and Leasing market" 2027, on a global basis, offering a forecast and statistic in terms of revenue during the forecast period. This report covers detailed segmentation, complete R & D history, and explanatory analysis including the latest news. Furthermore, the study explains the future opportunities and a sketch of key players involved in the Truck Rental and Leasing hike in
Semi-Autonomous Truck Truck Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Semi-Autonomous Truck Truck market analysis, which studies the Semi-Autonomous Truck Truck's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global "Semi-Autonomous Truck Truck Market 2020-2025" Research Report categorizes the global Semi-Autonomous Truck Truck market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players
Forklift Truck Market - The Eco-Friendly Future Of The Forklift Truck, Factors W …
Forklift Truck Market 2020-2030: Forklift truck, also called lift truck or fork truck, is a truck used to lift and move material from one place to another. Japan, China, and India are the major economies in Asia-Pacific that contribute to the adoption of forklift trucks. In addition, China's fast-growing e-commerce sector drives the demand for electric forklift trucks such as LMH?EUR(TM)s newly developed pallet stacker. Moreover, stringent government regulations related
Truck Rental and Leasing Market Outlook to 2027 - Budget Truck Rental, DeCarolis …
MARKET INTRODUCTION Truck rental and leasing broadly include the set of professional and/or managed vehicle offered by numerous fleet owners for transportation of industrial or commercial goods. Presently a significant number of market players operate in the market that offer commercial rental and leasing related vehicles for wide range of commercial end-users. Some of the commonly available industry vertical utilizing truck rented or leased trucks are manufacturing, logistics provider, consumer goods,
Global Truck Cap Cover Market 2019 Industry Analysis : TAG, Truck Hero, Knapheid …
Truck Cap Cover Market 2019 Research report contains a qualified and in-depth examination of Truck Cap Cover Market. At first, the report provides an overview of Product Specification, technology, product type and production analysis considering major factors such as Revenue, Cost, Gross and Gross Margin. It also covers detailed competitive outlook including the Truck Cap Cover market share and company profiles of the key participants operating in the global market. Short