Market Share of Truck Platooning Industry
The truck platooning market is highly consolidated and competitive due to the few dominant players in the ecosystem. Some of the major players include Peloton Technology, Daimler Truck AG, AB Volvo, Paccar Inc., Volkswagen Group, Toyota Motor Corporation, Iveco S.p.A., and Hyundai Motor Company, among others. These players are activectively engaging in partnership and collaboration with technology players and government authorities to test their truck platooning solutions for their effective deployment in future.
- In May 2023, based in Columbus, EASE Logistics announced a strategic collaboration with the Ohio Department of Transportation (ODOT) and DriveOhio's Rural Automated Driving Systems (ADS) initiative. The partnership aims to introduce advanced automated trucking technology to routes with the highest potential to generate revenue. Specifically, the project aims to deploy two semi-trucks equipped with AI vehicle-to-vehicle (V2V) communication technology to traverse routes spanning 32 counties.
The market is anticipated to witness the development of high-end communications technology and advanced autonomous truck platooning solutions as these players try to gain a competitive edge.
Truck Platooning Market Leaders
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Peloton Technology
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Daimler Truck AG
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AB Volvo
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Paccar Inc (DAF Trucks)
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Volkswagen Group (MAN, Scania)
*Disclaimer: Major Players sorted in no particular order
