Autonomous Trucks Market, Global Outlook and Forecast 2023-2029

An autonomous truck, which is also known as self-driving truck, can run on the roads without the physical presence of a human driver. Autonomous trucks utilize advanced technological systems such as improved quality sensors and cameras, which in turn eliminate the requirement of the physical presence of a driver for running the truck. The platooning of vehicles, which is also known as vehicle-to-vehicle interaction, is an upcoming concept in the autonomous truck market and has been gaining significance for the last few years.

This report aims to provide a comprehensive presentation of the global market for Autonomous Trucks, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Autonomous Trucks. This report contains market size and forecasts of Autonomous Trucks in global, including the following market information:

Global Autonomous Trucks Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global Autonomous Trucks Market Sales, 2018-2023, 2024-2029, (K Units)

Report Sample includes:
- Table of Contents
- List of Tables & Figures
- Charts
- Research Methodology

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The global Autonomous Trucks market was valued at US$ 3786.3 million in 2022 and is projected to reach US$ 5119 million by 2029, at a CAGR of 4.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Increasing shortage of human drivers has been observed in recent years owing to the ever-increasing volumes of goods and materials being shipped and transported by means of trucks. For example, according to the American Trucking Associations, the trucking industry is witnessed a shortage of nearly 50,000 drivers in 2017, owing to the rising demand for transportation of materials in large volumes by means of trucks. This increasing shortage of human drivers in the trucking industry is expected to drive the autonomous truck market during the forecast period. Furthermore, an autonomous truck does not face the restriction of number of working hours, as is faced by a human driver driving the truck. The usage of an autonomous truck can thus increase the shipping volumes, as compared to those achieved by a truck driven manually by a driver. This is further expected to boost the autonomous truck market in the near future.An autonomous truck also reduces the probability of accidents caused by human error due to driver negligence. This is further anticipated to propel the autonomous truck market during the forecast period. Increasing efforts being taken by the OEMs (original equipment manufacturers) as well as the governments of various nations across the world in order to develop and implement autonomous trucks equipped with high technology at an affordable price are likely to fuel the autonomous truck market in the near future.

We surveyed the Autonomous Trucks manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment:

Global Autonomous Trucks Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Autonomous Trucks Market Segment Percentages, by Type, 2022 (%)

Semi-Automated Trucks

Fully Automated Trucks

Global Autonomous Trucks Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Autonomous Trucks Market Segment Percentages, by Application, 2022 (%)

Agriculture

Construction

Others

Global Autonomous Trucks Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Autonomous Trucks Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Autonomous Trucks revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Autonomous Trucks revenues share in global market, 2022 (%)

Key companies Autonomous Trucks sales in global market, 2018-2023 (Estimated), (K Units)

Key companies Autonomous Trucks sales share in global market, 2022 (%)

 key players include:

Daimler

Ford motor

AB Volvo

Tesla

IVICO

MAN

DAF

Scania

Outline of Major Chapters:

Chapter 1: Introduces the definition of Autonomous Trucks, market overview.

Chapter 2: Global Autonomous Trucks market size in revenue and volume.

Chapter 3: Detailed analysis of Autonomous Trucks manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Autonomous Trucks in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Autonomous Trucks capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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