Truck Platooning Market Size to Hit USD 1,360 Million, at a - GlobeNewswire

The global truck platooning market is projected to grow from $79.2 million in 2023 to $1,360 million by 2030, with a CAGR of 50.1%. Truck platooning technology improves fuel economy and efficiency by enabling trucks to follow closely and communicate. The rising demand for road safety and increasing adoption of new-generation trucks contribute to market growth. Major players in the industry, such as Volvo and Daimler, are focusing on partnership strategies to develop autonomous truck fleets. Europe is the leading region in the market.

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