Truck Platooning Market Top Companies, Investment Trend, Growth & Innovation Trends by 2030

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2022
Truck Platooning Market Opportunities, Companies
and Trends in Coming Years
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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. Request
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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. More Related Reports by PS
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This study covers 1. Historical and the present
size of the Truck Platooning Market 2. Historical
and the present size of the market segments and
understand their comparative future
potential 3. Potential of on-demand logistics
services, so the market players make informed
decisions on the sales of their
offerings 4. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 5. Major players operating in
the market and their service offerings
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