Truck Platooning Market Size, Share, and Trends 2024 to 2034

The global truck platooning market size is calculated at USD 200.88 billion in 2025 and is forecasted to reach around USD 5,306.47 billion by 2034, accelerating at a CAGR of 44.45% from 2025 to 2034. The Europe market size surpassed USD 64.58 billion in 2024 and is expanding at a CAGR of 44.61% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1650
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Truck Platooning Market 

5.1. COVID-19 Landscape: Truck Platooning Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Truck Platooning Market, By Technology

8.1. Truck Platooning Market, by Technology

8.1.1 Adaptive Cruise Control (ACC)

8.1.1.1. Market Revenue and Forecast 

8.1.2. Blind Spot Warning (BSW)

8.1.2.1. Market Revenue and Forecast 

8.1.3. Forward Collision Warning (FCW)

8.1.3.1. Market Revenue and Forecast 

8.1.4. Lane Keep Assistance (LKA)

8.1.4.1. Market Revenue and Forecast 

8.1.5. Autonomous Emergency Braking (AEB)

8.1.5.1. Market Revenue and Forecast 

8.1.6. Others

8.1.6.1. Market Revenue and Forecast

Chapter 9. Global Truck Platooning Market, By Infrastructure Type

9.1. Truck Platooning Market, by Infrastructure Type

9.1.1. Vehicle-to-Vehicle (V2V)

9.1.1.1. Market Revenue and Forecast 

9.1.2. Vehicle-to-Infrastructure (V2I)

9.1.2.1. Market Revenue and Forecast 

9.1.3. Others

9.1.3.1. Market Revenue and Forecast  

Chapter 10. Global Truck Platooning Market, By Level of Autonomy

10.1. Truck Platooning Market, by Level of Autonomy

10.1.1. Semi-autonomous

10.1.1.1. Market Revenue and Forecast

10.1.2. Fully Autonomous

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global Truck Platooning Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Technology 

11.1.2. Market Revenue and Forecast, by Infrastructure Type 

11.1.3. Market Revenue and Forecast, by Level of Autonomy 

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Technology 

11.1.4.2. Market Revenue and Forecast, by Infrastructure Type 

11.1.4.3. Market Revenue and Forecast, by Level of Autonomy 

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Technology 

11.1.5.2. Market Revenue and Forecast, by Infrastructure Type 

11.1.5.3. Market Revenue and Forecast, by Level of Autonomy 

11.2. Europe

11.2.1. Market Revenue and Forecast, by Technology 

11.2.2. Market Revenue and Forecast, by Infrastructure Type 

11.2.3. Market Revenue and Forecast, by Level of Autonomy 

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Technology 

11.2.4.2. Market Revenue and Forecast, by Infrastructure Type 

11.2.4.3. Market Revenue and Forecast, by Level of Autonomy 

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Technology 

11.2.5.2. Market Revenue and Forecast, by Infrastructure Type 

11.2.5.3. Market Revenue and Forecast, by Level of Autonomy 

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Technology 

11.2.6.2. Market Revenue and Forecast, by Infrastructure Type 

11.2.6.3. Market Revenue and Forecast, by Level of Autonomy 

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Technology 

11.2.7.2. Market Revenue and Forecast, by Infrastructure Type 

11.2.7.3. Market Revenue and Forecast, by Level of Autonomy 

11.3. APAC

11.3.1. Market Revenue and Forecast, by Technology 

11.3.2. Market Revenue and Forecast, by Infrastructure Type 

11.3.3. Market Revenue and Forecast, by Level of Autonomy 

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Technology 

11.3.4.2. Market Revenue and Forecast, by Infrastructure Type 

11.3.4.3. Market Revenue and Forecast, by Level of Autonomy 

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Technology 

11.3.5.2. Market Revenue and Forecast, by Infrastructure Type 

11.3.5.3. Market Revenue and Forecast, by Level of Autonomy 

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Technology 

11.3.6.2. Market Revenue and Forecast, by Infrastructure Type 

11.3.6.3. Market Revenue and Forecast, by Level of Autonomy 

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Technology 

11.3.7.2. Market Revenue and Forecast, by Infrastructure Type 

11.3.7.3. Market Revenue and Forecast, by Level of Autonomy 

11.4. MEA

11.4.1. Market Revenue and Forecast, by Technology 

11.4.2. Market Revenue and Forecast, by Infrastructure Type 

11.4.3. Market Revenue and Forecast, by Level of Autonomy 

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Technology 

11.4.4.2. Market Revenue and Forecast, by Infrastructure Type 

11.4.4.3. Market Revenue and Forecast, by Level of Autonomy 

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Technology 

11.4.5.2. Market Revenue and Forecast, by Infrastructure Type 

11.4.5.3. Market Revenue and Forecast, by Level of Autonomy 

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Technology 

11.4.6.2. Market Revenue and Forecast, by Infrastructure Type 

11.4.6.3. Market Revenue and Forecast, by Level of Autonomy 

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Technology 

11.4.7.2. Market Revenue and Forecast, by Infrastructure Type 

11.4.7.3. Market Revenue and Forecast, by Level of Autonomy 

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Technology 

11.5.2. Market Revenue and Forecast, by Infrastructure Type 

11.5.3. Market Revenue and Forecast, by Level of Autonomy 

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Technology 

11.5.4.2. Market Revenue and Forecast, by Infrastructure Type 

11.5.4.3. Market Revenue and Forecast, by Level of Autonomy 

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Technology 

11.5.5.2. Market Revenue and Forecast, by Infrastructure Type 

11.5.5.3. Market Revenue and Forecast, by Level of Autonomy 

Chapter 12. Company Profiles

12.1. Peloton Technology

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. AB Volvo

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Scania

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Daimler AG

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Navistar Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. PACCAR Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. MAN

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. IVECO

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Hino Motors Ltd.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Continental AG

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global truck platooning market size was reached at USD 134.19 billion in 2024 and is anticipated to rake USD 5,306.47 billion by 2034.

The global truck platooning market is expected to grow at a CAGR of 44.45% from 2025 to 2034.

The major players operating in the truck platooning market are Peloton Technology, AB Volvo, Scania, Daimler AG, Navistar Inc., PACCAR Inc., MAN, IVECO, Hino Motors Ltd., and Continental AG.

The environmental pollution, traffic congestion, and the demand for safer, cleaner, and more efficient vehicles are all driving the growth of the global truck platooning market around the world.

Europe dominated the truck platooning market in 2024 and estimated to lead in the near future.

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