Truck platooning market seen reaching $6.1 billion by 2035

Allied Market Research says the global truck platooning market will grow from $728.9 million in 2025 to $6,092.2 million by 2035, driven by fuel savings, emissions cuts and freight efficiency. North America is expected to lead demand as governments, fleet operators and technology suppliers push tests, partnerships and rollout plans. Why it matters: - Truck platooning could help fleets cut fuel use by reducing aerodynamic drag across multiple trucks traveling together. - The technology may also lower emissions, improve traffic flow and ease pressure from driver shortages. - Freight operators face tight margins, so even small fuel savings could have an outsized impact on shipping costs. What happened: - Allied Market Research released a new report on the global truck platooning market covering components, platooning types, technology and communication systems. - The report values the market at $728.9 million in 2025 and projects growth to $6,092.2 million by 2035. - The forecast implies a 23.7% compound annual growth rate from 2025 to 2035. - The report includes market trends, value chain analysis, investment areas, competition and regional outlook. - Allied Market Research offers a sample of the report and purchase options . The details: - Governments are promoting truck platooning because of its fuel-saving and safety potential. - Public-private work on the Sweden 4 Platooning project involved Scania CV AB, Volvo Technology Corporation, The Royal Institute of Technology, RISE/SICS, DB Schenker AB and Trafikverket. - The Sweden project aimed to improve coordinated platooning, functional safety and vehicle-to-vehicle communication for public-road pilots. - In March 2022, IVECO S.P.A. joined the ENSEMBLE consortium to help develop multi-brand truck platooning in realistic traffic scenarios. - North America is benefiting from stricter road-safety and fuel-saving rules. - A recent study cited by the report says the U.S. is short 80,000 truck drivers now and could face a 160,000-driver shortage by 2030. - The report says truck platooning demand should rise as the U.S. depends heavily on trucking for inter-country goods transport. - Limited testing with only a small number of vehicles remains a constraint. - Service providers are working on platooning systems that can handle more trucks in a single convoy. - The report says growth in hydrogen-related R&D, hydrogen fuel-cell potential and pollution-control rules are also supporting the market. - High hydrogen production costs and weak fuel infrastructure remain major barriers. Between the lines: - The market is being shaped less by consumer demand than by regulation, freight economics and technology readiness. - The strongest near-term opportunities appear to sit with software, driver-assistive platooning, adaptive cruise control and vehicle-to-vehicle communication. - The report also identifies vehicle-to-infrastructure communication as a growth leader, pointing to a broader ecosystem shift beyond truck-to-truck links. - Partnerships and consortia suggest the industry is still in an interoperability phase, where standards and real-world testing matter as much as product performance. What’s next: - North America is projected to remain the top revenue contributor through the forecast period, followed by Europe. - Software is expected to dominate by component in 2025. - Driver-assistive truck platooning is expected to lead by platooning type in 2025. - Adaptive cruise control is expected to lead by technology in 2025. - Vehicle-to-vehicle communication is expected to lead by communication technology in 2025. - Key companies in the market include AB Volvo, Bendix Corporation, Continental AG, DAF Trucks N.V., IVECO S.P.A., Mercedes-Benz Group AG, Peloton Technology, Robert Bosch GmbH, Scania AB and Toyota Motor Corporation. - The report says companies are pursuing partnerships, investments and expansions to grow market share and geographic reach. The bottom line: - Truck platooning is moving from pilot programs toward broader commercial interest, but scale-up will depend on regulation, infrastructure and whether the technology can prove savings across larger fleets.