Truck Platooning Market Growth, Demand & Opportunities

1
Truck Platooning Market Dynamics Trends,
Segmentation, Key Players And Forecast
PSIntelligence.Allrightsreserved 1
2

• In recent years, the popularity of truck
  platooning has surged massively. This has been
  primarily because of the various advantages
  offered by this technology, such as safer,
  cleaner, and more efficient road transport.
  Moreover, truck platooning assists in reducing
  the emission of carbon dioxide (CO2) and the
  consumption of fuel by trucks. As per the
  European Federation for Transport and
  Environment, emissions produced by trucks
  contribute around 25 of the total road
  transport emissions currently.
• Furthermore, according to an Intelligent
  Transportation System for Commercial Vehicles
  (ITS4CV) study conducted by the European Road
  Transport Telematics Implementation Coordination
  (ERTICO), platooning can massively reduce CO2
  emissions, with up to 8 reduction in emissions
  from the leading truck and 16 reduction from the
  trailing truck. In addition, truck platooning
  can also massively improve the safety levels in
  truck transportation. For instance, braking
  under the truck platooning system is automatic
  and immediate, with the trucks following the
  lead truck needing less time (around one-fifth)
  than the normal human reaction time to brake.
• Apart from this, platooning also assists in route
  optimization, which helps drivers in increasing
  the trucks driving range. It also enables the
  driver to perform other work-related tasks, such
  as doing paperwork and making calls. Owing to
  these factors, the demand for truck platooning
  is surging sharply, which is, in turn, fueling
  the expansion of the global truck platooning
  market. Truck platooning basically involves the
  optimum usage of autonomous driving
  technologies, which not only mitigates the
  chances of road accidents, but also,
• improves the trucks overall operational
  efficiency and assists fleet operators in making
  significant savings on maintenance and fuel
  costs.
• Hence, it is safe to say that the demand for
  truck platooning will soar in the coming years,
  primarily because of the various benefits of this
  technology and the growing requirement for
  greater vehicle safety across the world.
• This study covers
• Historical and the present size of the Truck
  Platooning Market
• Major factors driving the market and their impact
  during the short, medium, and long terms
• Market restraints and their impact during the
  short, medium, and long terms
• Recent trends and evolving opportunities for the
  market participants
• Historical and the present size of the market
  segments and understand their comparative future
  potential
• Potential of on-demand logistics services, so the
  market players make informed decisions on the
  sales of their offerings
• Competitive scenario of various market segments
  across key countries in several regions for
  uncovering market opportunities for the
  stakeholders
• Major players operating in the market and their
  service offerings

3
PSIntelligence.Allrightsreserved
3
4
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence
ensures the reliability and accuracy of
information and data provided in its market
research publications. However, the information
in publications is subject to fluctuations, as
it is based on primary interviews of officials
from various companies or organizations. PS
Intelligence is not responsible for any
incorrect data provided by the key industry
players of the concerned domain. The information
or analysis in PS Intelligence publications
represents opinions based on research and should
not be interpreted as statements of fact.
Information in this report was believed to be
correct at the time of publication, but cannot be
guaranteed. PS Intelligence does not endorse
any product, service, or vendor depicted in its
research publications. All intellectual
properties, including trademarks and copyrights,
belong to their respective owners and may be
protected by copyright. Under no circumstance can
these be reproduced in any form without prior
written agreement of their owners. An order for
market research report is intended for internal
use of the company only and not for disclosure
to third parties or any other publication in
general. No service, report, or part thereof
provided by PS Intelligence can be reproduced,
republished, resold, revealed, distributed,
circulated, or sublicensed in any medium or form
now realized or hereafter become realized,
including but not limited to, all forms of
optical-based media, magnetic, electronic, or
digital, without a written permission from
Prescient Strategic Intelligence Pvt. Ltd.
5
Kindly write to enquiry_at_psmarketresearch.com
B-13, Sector 2, Noida, U.P. 201301,
INDIA Contact No 91 120 4541 337 US/Canada
Toll-Free 1-888-778-7886
4
PSIntelligence.Allrightsreserved