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Truck Platooning Market Share

Report ID: GMI5329
Published Date: Aug 2022
Report Format: PDF

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Truck Platooning Market Share

Top participants operating in the truck platooning market are

AB Volvo
Bendix Commercial Vehicle Systems LLC
Continental AG
Daimler AG
Hino Motors, Ltd.
IVECO S.p.A
NVIDIA Corporation
Omnitracs
Peloton Technology
Robert Bosch GmbH
Scania
TomTom International BV.
TuSimple
ZF Friedrichshafen AG

These leaders are adopting multiple strategies including new product development initiatives, portfolio diversification, and acquisitions to strengthen their competitive position in this landscape. For example, in August 2021, ZF Friedrichshafen AG launched next-generation technologies for clean and energy-efficient commercial vehicles. The company designed an electric power steering that helps achieve fully electric vehicle architectures.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of truck platooning crossed USD 1.3 billion in 2021 and is anticipated to witness over 29% CAGR between 2022-2030.

The software components segment is expected to witness a CAGR of over 32% between 2022-2030, with the need for boosting truck capabilities and enhance efficiency.

The Asia Pacific market is estimated to exhibit over 29% CAGR through 2022-2030, with the rapid growth in commercial activities as well as development of electric vehicles in the region.

AB Volvo, Bendix Commercial Vehicle Systems LLC, Continental AG, Daimler AG, Hino Motors, Ltd., NVIDIA Corporation, Omnitracs, Peloton Technology, Robert Bosch GmbH, Scania, and TomTom International BV are some of the key companies in the industry.