The self-driving truck market is forecasted to grow by USD 1131.9 mn during 2023-2028, accelerating at a CAGR of 51.2% during the forecast period. The report on the self-driving truck market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing road accidents, increasing environmental concerns, and maturing autonomous vehicles concept.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
37.9%
CAGR
51.2%
Incremental Value
$1131.9 mn
Technavio's self-driving truck market is segmented as below:
By End-user
Logistics
Construction and manufacturing
Mining
Port
By Geographical Landscape
North America
APAC
Europe
South America
Middle East and Africa
This study identifies the decongestion of traffic as one of the prime reasons driving the self-driving truck market growth during the next few years. Also, increasing demand for adas and integration of iot and ai in self-driving trucks will lead to sizable demand in the market.
The report on the self-driving truck market covers the following areas:
Self-Driving Truck Market sizing
Self-Driving Truck Market forecast
Self-Driving Truck Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading self-driving truck market vendors that include AB Volvo, Alphabet Inc., Aptiv Plc, Caterpillar Inc., Clearpath Robotics Inc., Continental AG, Daimler Truck AG, Ford Motor Co., Inceptio Technology, Isuzu Motors Ltd., Iveco SpA, Kodiak Robotics Inc., PACCAR Inc., PlusAI Inc., Sinotruk Hong Kong Ltd., Tesla Inc., Toyota Motor Corp., TuSimple Holdings Inc., and Volkswagen Group. Also, the self-driving truck market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value Chain Analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
5.1 Global Self-Driving Truck Market 2018 - 2022
Historic Market Size - Data Table on Global Self-Driving Truck Market 2018 - 2022 ($ million)