Truck Platooning Market Analysis From 2018 To 2023 Report provides comprehensive information on Global Truck Platooning Market Size, Share, Trends, Growth, And Region with Forecast To 2023. Truck Platooning is method in which Trucks grouped together in Platoons to increase capacity of roads.
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Global Truck Platooning Market is to grow at 11% CAGR by 2023. Truck Platooning Market is categorized by Component (Forward Looking Camera, System Display with Rear Time Camera, RADAR Base Collision Mitigation), Technology (Acceleration & Braking Controller, DSRS V2V Communication), And region.
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Truck Platooning Market Key Players listed in report:
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:
Truck platooning caters to several trucks equipped with connectivity technology and automated driving support systems – one closely following another. The main function of platooning is to maintain acceleration, braking and steering across all trucks in the platoon.
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.
Growing sales of commercial vehicle across the globe and advanced cruising technologies used in the platooning drive the truck platooning market. Increasing road development, road transport facilities, and information technology enhance the growth of truck platooning market.
Regional Outlook:
Based on region, the market is segmented on the basis of North America, Asia-Pacific, Europe, and Rest of the World.
Europe region is expected to dominate the market during the forecast period. Truck platooning involves high capital costs, which becomes an entry barrier. 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.
Table of Contents:
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Propulsionology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
Continued…
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Truck Platooning Market SHARE, By Component, 2016 (%)
Continued…
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Source: MarketersMedia
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