Rising Commercial Vehicle Sales Fuel Expansion Of Truck Platooning Market: A Significant Driver Propelling The Truck Platooning Market In 2025

The Truck Platooning Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Truck Platooning Market Size During the Forecast Period?
The expansion of the truck platooning market has been astronomical in the past few years. The projected growth is from $2.72 billion in 2024, escalating to $3.56 billion in 2025, with a compound annual growth rate (CAGR) of 31.3%. Factors that have contributed to this historical growth include improved fuel efficiency and savings in cost, measures by regulatory bodies and emission standards, efficiency in logistics and optimization of the supply chain, as well as enhanced road safety measures and prevention of accidents.

Expectations are high for an explosive growth in the truck platooning market size in the upcoming years, surging to a whopping $10.2 billion by 2029 with a compound annual growth rate (CAGR) of 30.1%. This significant growth during the forecast period can be credited to ongoing advancements in connected vehicle technologies, the expansion of automated driving functionalities, international trade and freight movement, investments in infrastructure, and intelligent transportation systems. The period is also likely to witness primary trends such as executing testing and pilot programs, enhancing cybersecurity measures, integrating with connected infrastructure, emphasizing driver education and training, as well as the entrance of fresh players into the market.

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What Are the Major Segments 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

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What Are The Driving Truck Platooning Market Evolution?
With commercial vehicle sales on the rise, it's anticipated that the truck platooning market will experience significant growth. Commercial vehicles, used primarily for transportation business, of goods or people, will generate a demand for platooning technologies. This demand is driven by the potential benefits of platooning, such as heightened efficiency, limited losses, and superior fuel economy. Trucks, as a subset of commercial vehicles, also contribute to this demand as increased truck usage necessitates improved operational and road safety measures. For instance, Rushlane - an automotive company based in India reported that sales of commercial vehicles shot up from 54,107 units in August 2021, to 67,158 units in August 2022. Consequently, the rise in commercial vehicle sales is fuelling the growth of the truck platooning market.

Which Firms Dominate The Truck Platooning Market Segments?
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., Plus.ai, Kodiak Robotics Inc., Locomation Inc.

What Trends Are Expected to Dominate the Truck Platooning Market in the Next 5 Years?
Leading organizations within the truck platooning market are incorporating new technologies to maintain their market positioning. The integration of these innovative systems, tools, or methodologies into their operations shows their commitment to increasing efficiency, enhancing performance, and gaining an edge over the competition. For example, in September 2023, Resolute Forest Products, previously known as AbitibiBowater Inc, a pulp and paper company based in Canada, has been assisting in the progression of an advanced automated vehicle technology called truck platooning. A pickup truck prototype was used for testing during both summer and winter conditions. Future stages will evaluate its efficiency in more demanding situations using loaded freight in cold, icy, and low-light conditions, using full-size Class 8 Trucks equipped with RRAI's (Telecom Regulatory Authority of India) AutoDrive autonomous platform.

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Which Is The Largest Region In 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Truck Platooning Market?
2. What is the CAGR expected in the Truck Platooning Market?
3. What Are the Key Innovations Transforming the Truck Platooning Industry?
4. Which Region Is Leading the Truck Platooning Market?

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