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The transportation sector contributes significantly to global pollution, with trucks accounting for the majority of greenhouse gas emissions. The introduction of truck platooning technology in the transportation sector can help to minimise hazardous gas emissions. Thus, the truck platooning industry is expected to increase as government regulations for pollution reduction in the transportation sector become more stringent. The truck platooning market is expected to develop due to lower fuel consumption as a result of the use of truck platooning technology. Government regulation that encourages the testing of truck platooning technology is expected to present a significant growth potential for the truck platooning market. The production of fully autonomous vehicles for platooning and the expansion of the size of the truck platooning fleet are expected to represent a significant growth potential for the truck platooning industry's players. Because of the increased demand for automated technologies, truck platooning is predicted to enhance demand in industries such as road development, transportation, logistics, and information technology. The expanding adoption of the Internet of Things is another factor that is projected to boost the market's growth over the forecast period (IoT).
The dominant players in the global truck platooning industry are driving the market's growth with strategies such as mergers and strategic collaboration between technology providers and OEM manufacturers for the development of advanced fleet management solutions and investments in startups for the research and development of automotive trucks for future generations. For example, In June 2017, Scania (OTC: SVKBF) collaborated on a new 3-year Swedish research truck platooning project. In this project, Sweden4Platooning, Scania would work with DB Schenker, Volvo, the Royal Institute of Technology, RISE, and the Swedish Transport Administration in multi-brand platoons on public roads. The aim of Sweden4Platooning is to explore the full potential of a technology that could reduce carbon emissions and make goods transport more efficient.
Market Analysis by Technology, Platooning Type, Communication Technology, and Regions:
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The major players in the global truck platooning industry are Scania CV AB, Continental AG, Daimler AG, Peloton Technology, Inc., and Knorr-Bremse AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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