Study reveals truck platooning market to reach $4590.3M by 2025
The concept of truck platooning holds a great potential to make the road transport efficient, cleaner and safer in the coming future.
The global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025, according to research published by Allied Market Research, Portland, Ore. In 2017, North America accounted for the highest share, and is anticipated to maintain its lead throughout the global truck platooning market forecast.
Truck platooning is the linking of two or more trucks in convoy using automated driving assistance systems and connectivity solutions between vehicles. The concept of truck platooning holds a great potential to make the road transport efficient, cleaner and safer in the coming future.