Truck Platooning System Market by Component, Vehicle Type, and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 154 SKU: IRTNTR75342

Truck Platooning System Market Forecast 2023-2027

The truck platooning system market size is estimated to grow by USD 760.36 million at a CAGR of 57.74% between 2022 and 2027.  The market is surging due to heightened demand for operating cost reduction and fuel efficiency in fleets, driven by the rising sales of commercial vehicles. Stringent environmental regulations and a heightened focus on road safety further propel the market forward. As fleets seek innovative solutions to optimize operations, truck platooning systems emerge as a promising technology to meet these evolving demands.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

This market growth analysis report extensively covers market segmentation by component (hardware, software, and services), vehicle type (HCV and LCV), and geography (North America, Europe, APAC, Middle East and Africa, and South America). 

By Component

The market share growth by the hardware segment will be significant during the forecast period. Hardware plays a key role in the functioning of a truck platooning system. The hardware components include cameras, sensors, radar, and other communication devices. Real-time video feed is provided by the truck platooning system for the driver and platoon coordinator. Installation of cameras is mostly on the front, sides, and back of the truck to provide 360-degree coverage. These cameras help detect obstacles, monitor traffic, and communicate between platoon trucks.

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The hardware segment showed a gradual increase in the market share of USD 7.73 million in 2017 and continued to grow by USD 29.13 million in 2021. Sensors are another important hardware component in the truck platooning system. They are mainly used to detect the distance between trucks and ensure safe driving. Usually, radio frequency sensors and electronic sensors are used to detect the proximity and relative speed of the trucks in the platoon. Additionally, they provide smooth and controlled deceleration and acceleration to the entire platoon. Radar systems are also commonly used in the truck platooning system to provide accurate data on the position of the vehicles on the road and detect any obstacles in the path. This data is vital for maintaining distance between trucks and ensuring a smooth and safe driving experience. 

Key Regions

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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America is a key region in the market. Laser radar and advanced driver-assistance system is one of the notable advancements in truck platooning systems which drives significant market growth in the region. Truck platooning is an emerging technology involving multiple trucks in a convoy-like formation to improve fuel efficiency, reduce emissions, and enhance overall road safety.

One of the main drivers of the truck platooning market is North America. This is due to the rising demand for eco-friendly transportation solutions, which include public transportation, such as electric buses and trains and bus rapid transit (BRT) systems which can carry people far more efficiently than cars. The increasing investment in infrastructure development and the expansion of logistics networks have further facilitated the adoption of this technology in the region. Additionally, various government initiatives promoting sustainable transportation solutions are propelling the adoption of truck platooning as well. Further, the high level of research and development (R&D) activities in the region are expected to increase the market growth during the forecast period.

Market Dynamics and Customer Landscape

The market is witnessing rapid growth driven by the need for enhanced efficiency and road safety in the trucking industry. With advancements in connected vehicle technology and automation, initiatives like Peloton Technology's PlatoonPro and Auto Follow systems enable V2V communication and streamline highway operations. The shortage of drivers further fuels the demand for driver-assistive truck platooning (DATP) and autonomous truck platooning solutions. According to the American Journal of Transportation's March 2022 report, private-public partnerships between vehicle manufacturers and government entities are driving market expansion despite high costs. Components such as hardware and software, along with features like Adaptive cruise control (ACC) and Lane keep assist (LKA), are key to the success of various platooning types, paving the way for continued market growth and innovation.

The increasing need to reduce operating costs and fuel computations is notably driving the market growth, although factors such as the high cost of implementing the system are negatively impacting the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The increasing need to reduce operating costs and fuel computations by the fleet drives the market. One key reason is the growing need to optimize fuel consumption and operating efficiency. The system enables trucks to travel closely together in a formation, reducing air resistance and aerodynamic drag. Consequently, it leads to lower fuel consumption and emissions. Hence, truck platooning systems provide a cost-effective solution for fleet operators facing immense pressure to reduce operational costs. These systems enhance efficiency, allowing fleets to transport more goods and deliver them faster.

Moreover, with the automation of the driving process, truck platooning systems also help reduce human error, enabling safer and more reliable operations. The system can respond more quickly to road hazards and ensure safer braking distances by maintaining a close distance between the platoons. Thus, truck platooning systems play a crucial role in reducing the number of accidents on highways, thereby improving overall road safety. Consequently, these factors are expected to drive the growth of the market in focus during the forecast period.

Significant Market Trends

There is a significant rise in the adoption of self-driving trucks in the market. Several factors are driving this development, including the growing demand for efficient and safe transportation of goods over long distances. Self-driving trucks have advanced technology, such as the truck crew system, which allows them to operate without human intervention. These trucks can navigate the roads independently with the help of in-built sensors, cameras and a global positioning system and GPS systems. In Addition, these trucks can cover long distances without needing rest breaks, which is impossible for human drivers.

One of the biggest advantages of self-driving trucks is that they can drive in groups, a group of trucks moving close together. This helps reduce air resistance, which in turn reduces fuel consumption and emissions. In addition, grouping also helps reduce traffic congestion and improve road safety.

Major Market Challenge

One of the main obstacles to the widespread adoption of truck platooning is the high cost of implementing the system. The upfront cost of the technology can be expensive for many trucking companies, which poses a major threat to the market. The cost estimate can range from USD 40,000 to USD 100,000. This cost includes the installation of sensors, cameras, and other equipment, as well as the necessary software and training for drivers.

The maintenance costs for the system can also be a significant expense. Regular maintenance and updates are required for sensors and other components to function properly, in addition to the overall cost of technology, which makes it difficult for small companies to invest in such systems. Thus, such factors are expected to hinder the growth of the market during the forecast period.

Customer Landscape

The market research and growth report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Truck Platooning System Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB Volvo -The company offers consumer NAS such as Drivestor 4 Pro, Nimbustor 2, and Lockestor 10 under the brand ASUSTOR Inc. 

The market forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • AB Volvo
  • Aptiv Plc
  • Continental AG
  • Daimler Truck AG
  • Goldstone Technologies Ltd.
  • Iveco SpA
  • PACCAR Inc.
  • Peloton Technology Inc.
  • Robert Bosch GmbH
  • Toyota Tsusho Corp.
  • Traton SE
  • ZF Friedrichshafen AG

Qualitative and quantitative analysis of Companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize Companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize Companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market has witnessed significant growth attributed to the proliferation of connected vehicle technology and the need to address the shortage of drivers in the trucking industry. According to the American Journal of Transportation's March 2022 report, initiatives like PlatoonPro and Auto Follow systems have gained traction, enabling V2V communication and fostering collaboration among stakeholders, including vehicle manufacturers and government entities. Private-public partnerships have facilitated market expansion despite high costs and security concerns. Platooning types like Driver-assistive truck platooning (DATP) and Autonomous truck platooning, equipped with features such as Adaptive cruise control (ACC) and Lane keep assist (LKA), promise enhanced safety and efficiency. Regions like Asia-Pacific and LAMEA are witnessing growth driven by the transportation and logistics sectors' efforts to reduce pollution and greenhouse gas emissions, aligning with European Emission Standards and Euro Norms for fuel-efficient operations. With advancements in smart driving technologies and the deployment of fully autonomous vehicles, the truck platooning system market presents significant growth opportunities for players across the globe.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

  • Component Outlook 
    • Hardware
    • Software
    • Services
  • Vehicle Outlook 
    • HCV
    • LCV
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina
      • Chile

 

Truck Platooning System Market Scope

Report Coverage

Details

Page number

154

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 57.74%

Market growth 2023-2027

USD 760.36 million

Market structure

Concentrated

YoY growth 2022-2023(%)

53.54

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, Aptiv Plc, Continental AG, Daimler Truck AG, Goldstone Technologies Ltd., Iveco SpA, PACCAR Inc., Peloton Technology Inc., Robert Bosch GmbH, Toyota Tsusho Corp., Traton SE, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about Companies
  • Comprehensive analysis of factors that will challenge the growth of market Companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global truck platooning system market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global truck platooning system market 2017 - 2021 ($ million)
    • 4.2 Component Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)
    • 4.3 Vehicle Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Vehicle Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 30: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
    • 6.2 Comparison by Component
      • Exhibit 32: Chart on Comparison by Component
      • Exhibit 33: Data Table on Comparison by Component
    • 6.3 Hardware - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Hardware - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
    • 6.4 Software - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Software - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Software - Year-over-year growth 2022-2027 (%)
    • 6.5 Services - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Services - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Services - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Component
      • Exhibit 46: Market opportunity by Component ($ million)
      • Exhibit 47: Data Table on Market opportunity by Component ($ million)

    7 Market Segmentation by Vehicle Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Vehicle Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Vehicle Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Vehicle Type
      • Exhibit 50: Chart on Comparison by Vehicle Type
      • Exhibit 51: Data Table on Comparison by Vehicle Type
    • 7.3 HCV - Market size and forecast 2022-2027
      • Exhibit 52: Chart on HCV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on HCV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on HCV - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on HCV - Year-over-year growth 2022-2027 (%)
    • 7.4 LCV - Market size and forecast 2022-2027
      • Exhibit 56: Chart on LCV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on LCV - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on LCV - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on LCV - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Vehicle Type
      • Exhibit 60: Market opportunity by Vehicle Type ($ million)
      • Exhibit 61: Data Table on Market opportunity by Vehicle Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 115: AB Volvo - Overview
              • Exhibit 116: AB Volvo - Business segments
              • Exhibit 117: AB Volvo - Key news
              • Exhibit 118: AB Volvo - Key offerings
              • Exhibit 119: AB Volvo - Segment focus
            • 12.4 Aptiv Plc
              • Exhibit 120: Aptiv Plc - Overview
              • Exhibit 121: Aptiv Plc - Business segments
              • Exhibit 122: Aptiv Plc - Key offerings
              • Exhibit 123: Aptiv Plc - Segment focus
            • 12.5 Continental AG
              • Exhibit 124: Continental AG - Overview
              • Exhibit 125: Continental AG - Business segments
              • Exhibit 126: Continental AG - Key offerings
              • Exhibit 127: Continental AG - Segment focus
            • 12.6 Daimler Truck AG
              • Exhibit 128: Daimler Truck AG - Overview
              • Exhibit 129: Daimler Truck AG - Business segments
              • Exhibit 130: Daimler Truck AG - Key offerings
              • Exhibit 131: Daimler Truck AG - Segment focus
            • 12.7 Goldstone Technologies Ltd.
              • Exhibit 132: Goldstone Technologies Ltd. - Overview
              • Exhibit 133: Goldstone Technologies Ltd. - Product / Service
              • Exhibit 134: Goldstone Technologies Ltd. - Key offerings
            • 12.8 Iveco SpA
              • Exhibit 135: Iveco SpA - Overview
              • Exhibit 136: Iveco SpA - Product / Service
              • Exhibit 137: Iveco SpA - Key offerings
            • 12.9 PACCAR Inc.
              • Exhibit 138: PACCAR Inc. - Overview
              • Exhibit 139: PACCAR Inc. - Business segments
              • Exhibit 140: PACCAR Inc. - Key news
              • Exhibit 141: PACCAR Inc. - Key offerings
              • Exhibit 142: PACCAR Inc. - Segment focus
            • 12.10 Peloton Technology Inc.
              • Exhibit 143: Peloton Technology Inc. - Overview
              • Exhibit 144: Peloton Technology Inc. - Product / Service
              • Exhibit 145: Peloton Technology Inc. - Key offerings
            • 12.11 Robert Bosch GmbH
              • Exhibit 146: Robert Bosch GmbH - Overview
              • Exhibit 147: Robert Bosch GmbH - Business segments
              • Exhibit 148: Robert Bosch GmbH - Key news
              • Exhibit 149: Robert Bosch GmbH - Key offerings
              • Exhibit 150: Robert Bosch GmbH - Segment focus
            • 12.12 Toyota Tsusho Corp.
              • Exhibit 151: Toyota Tsusho Corp. - Overview
              • Exhibit 152: Toyota Tsusho Corp. - Business segments
              • Exhibit 153: Toyota Tsusho Corp. - Key news
              • Exhibit 154: Toyota Tsusho Corp. - Key offerings
              • Exhibit 155: Toyota Tsusho Corp. - Segment focus
            • 12.13 Traton SE
              • Exhibit 156: Traton SE - Overview
              • Exhibit 157: Traton SE - Business segments
              • Exhibit 158: Traton SE - Key news
              • Exhibit 159: Traton SE - Key offerings
              • Exhibit 160: Traton SE - Segment focus
            • 12.14 ZF Friedrichshafen AG
              • Exhibit 161: ZF Friedrichshafen AG - Overview
              • Exhibit 162: ZF Friedrichshafen AG - Business segments
              • Exhibit 163: ZF Friedrichshafen AG - Key news
              • Exhibit 164: ZF Friedrichshafen AG - Key offerings
              • Exhibit 165: ZF Friedrichshafen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 166: Inclusions checklist
                • Exhibit 167: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 168: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 169: Research methodology
                • Exhibit 170: Validation techniques employed for market sizing
                • Exhibit 171: Information sources
              • 13.5 List of abbreviations
                • Exhibit 172: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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