Automated Truck Market Size Poised to Touch US$1.9 Bn up to 2026

Automated Truck

The global automated truck market is likely to exceed revenue of $1.9 billion by 2026, according to a study produced by Acumen Research and Consulting, The industry also reflects the CAGR of 14.5% during 2019-2026. The report provides analysis of global Automated Truck market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

The automated truck is a commercial vehicle based on various methods which make it possible to feel the environment and sail without any human input. Satellites, guided systems and ground sensors depend heavily on autonomous vehicles. These systems recognize barriers and appropriate signage to allow trucks to navigate properly for safe operation.

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Logistics costs account for a significant part of total expenses in specific product classifications, leading to an increase in the focus on more economical and effective logistical operations. Now for a few days, producers have emphasized the improvement of manufacturing effectiveness to obtain both a competitive edge and operational excellence. Automation in logistics increases activities and flexibility while at the same time ensuring high effectiveness. Manufacturers focus on post-production activities in order to reduce expenses, which have been completely ignored in the past. In post-production activities there are important possibilities for reducing expenses and efficiently accelerating the whole money cycle.

Automated charging systems for loading and unloading of products or equipment have been increasingly used. This decreases labor cost, minimizes harm to the product, optimizes time management and guarantees high supply chain effectiveness. In the sectors, the manual loading of trucks has traditionally been embraced, but the lack of labor is a significant challenge. In consequence, the consolidation and automation of logistics activities has emerged as the greatest factor. Consequently in numerous sectors, such as food & drink and paper, cars and milk sectors, the adoption rate of automated truck charging systems is steadily rising.

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Another factor which has led to a rise in the adoption of automated truck loading systems as a post-production solution in industrial logistics is the withdrawal of qualified warehouse employees and car drivers from developing areas as Europe and North America.

Cost reduction is the main factor that contributes to the development of the market for automated truck loading systems. The automated truck loading system saves important money from the overall price of the goods sold compared to traditional loading. Automatic truck loading systems also decrease job dependence, avoid damage to products and enhance work safety. The fuel growth of the global automated loading systems market for trucks is estimated for these factors.

A wealth of inexpensive labour is projected to be a main constraining factor in the Asia Pacific area, which may impede the development of the worldwide market for automated charging systems. A significant restriction in the worldwide automated truck loading system industry in cost-sensitive areas such as India and China is projected to be the steep expenditure of automated truck loading systems.

Due to the increasing demand for automation in activities such as loading and unloading trucks, fresh techniques for cost cutting of manufacturing and working environment security, the automatic truck charge system market in Asia-Pacific is predicted to record stable development over the forecast period. In this area, the low penetration rates of automated truck loading systems in India and China are expected to drive development. The truck charging system market in North America and Europe is expected to expand rapidly during the predicted era.

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Key Players & Strategies

In a high degree of rivalry, the automated truck market works. The risk of newcomers is small in the countryside, as entry into the market is an enormous original investment. The automated truck industry is still dominated by the market leaders- EMBARK, VOLVO AB, Daimler AG, TuSimple Inc., and others.

Market leaders invest strongly in research and development operations to encourage landscape innovation and remain ahead of the corporate curve. For example, in June 2018, truck platooning was submitted by ADAS, Volvo Trucks, North Carolina Turnpike Authority and FedEx Corporation.

Regional actors work with independent technology service suppliers working on the market for product suite growth. DENSO CORPORATION, for example, stated in January 2019 that it has partnered with TomTom to create a self-employed software platform. TomTom’s HD map will fulfill the vehicle sensor of DENSO in this strategic partnership to create a fully independent drive system.

Market Segment Analysis:

Acumen Research report focuses on market attractiveness by assessing the key market segments. The report also combines region-wise segments for a better understanding of the supply and demand ratio of this market. This exclusive study of the report analyzes the present and future market scenario and the industry trends that are influencing the growth of the segments. Besides, the report also covers the value chain analysis, supply chain analysis, and year-on-year basis analysis of this market.

Market Segmentation

Market, By Truck Type

  • Class 8 & Class 9
  • Cab Integrated and Cabless
  • Vehicle Class
  • Ultra Clas

Market, By End Use

  • Mining
  • Logistics

Market, By Sensor

  • RADAR
  • LiDAR
  • Camera
  • Other

Market, By Geography

  • North America.
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Automated Truck Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers detailed insights on global Automated Truck market segments with market dynamics and their impact. The report also covers basic technology development policies.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope
1.1.1. Definition of Automated Truck
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Automated Truck Market By Truck Type
1.2.2.1. Global Automated Truck Market Revenue and Growth Rate Comparison By Truck Type (2015-2026)
1.2.2.2. Global Automated Truck Market Revenue Share By Truck Type in 2017
1.2.2.3. Class 8 & Class 9
1.2.2.4. Cab Integrated and Cabless
1.2.2.5. Vehicle Class
1.2.2.6. Ultra Clas
1.2.2.7. Others
1.2.3. Automated Truck Market By End Use
1.2.3.1. Global Automated Truck Market Revenue and Growth Rate Comparison By End Use (2015-2026)
1.2.3.2. Mining
1.2.3.3. Logistics
1.2.3.4. Others
1.2.4. Automated Truck Market By Sensor
1.2.4.1. Global Automated Truck Market Revenue and Growth Rate Comparison By Sensor (2015-2026)
1.2.4.2. RADAR
1.2.4.3. LiDAR
1.2.4.4. Camera
1.2.4.5. Others
1.2.5. Automated Truck Market by Geography
1.2.5.1. Global Automated Truck Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Automated Truck Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Automated Truck Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Automated Truck Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Automated Truck Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Automated Truck Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Automated Truck Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Automated Truck Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Automated Truck Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Automated Truck Major Manufacturers in 2017

CHAPTER 4. AUTOMATED TRUCK MARKET BY TRUCK TYPE

4.1. Global Automated Truck Revenue By Truck Type
4.2. Class 8 & Class 9
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Cab Integrated and Cabless
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. Vehicle Class
4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.5. Ultra Clas
4.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.6. Other
4.6.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. AUTOMATED TRUCK MARKET BY END USE

5.1. Global Automated Truck Revenue By End Use
5.2. Mining
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Logistics
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. Others
5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. AUTOMATED TRUCK MARKET BY SENSOR

6.1. Global Automated Truck Revenue By Sensor
6.2. RADAR
6.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.3. LiDAR
6.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.4. Camera
6.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.5. Others
6.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 7. NORTH AMERICA AUTOMATED TRUCK MARKET BY COUNTRY

7.1. North America Automated Truck Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. North America Automated Truck Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Automated Truck Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
7.3.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
7.4.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
7.5. Mexico
7.5.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
7.5.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
7.5.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)

CHAPTER 8. EUROPE AUTOMATED TRUCK MARKET BY COUNTRY

8.1. Europe Automated Truck Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Europe Automated Truck Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
8.3.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
8.4.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
8.5.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
8.6.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
8.7.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC AUTOMATED TRUCK MARKET BY COUNTRY

9.1. Asia-Pacific Automated Truck Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Asia-Pacific Automated Truck Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.3.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.4.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.5.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
9.6.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.6.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
9.7.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.7.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
9.8.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
9.8.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)

CHAPTER 10. LATIN AMERICA AUTOMATED TRUCK MARKET BY COUNTRY

10.1. Latin America Automated Truck Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Latin America Automated Truck Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
10.3.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
10.4. Argentina
10.4.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
10.4.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
10.5.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)

CHAPTER 11. MIDDLE EAST AUTOMATED TRUCK MARKET BY COUNTRY

11.1. Middle East Automated Truck Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Middle East Automated Truck Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Saudi Arabia
11.3.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
11.3.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
11.4. UAE
11.4.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
11.4.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
11.5. Rest of Middle East
11.5.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
11.5.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)

CHAPTER 12. AFRICA AUTOMATED TRUCK MARKET BY COUNTRY

12.1. Africa Automated Truck Market Revenue and Growth Rate, 2015 – 2026 ($Million)
12.2. Africa Automated Truck Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. South Africa
12.3.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
12.3.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
12.3.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
12.4. Egypt
12.4.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
12.4.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
12.4.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)
12.5. Rest of Africa
12.5.1. Market Revenue and Forecast By Truck Type, 2015 – 2026 ($Million)
12.5.2. Market Revenue and Forecast By End Use, 2015 – 2026 ($Million)
12.5.3. Market Revenue and Forecast By Sensor, 2015 – 2026 ($Million)

CHAPTER 13. COMPANY PROFILE

13.1. EMBARK
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. VOLVO AB
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Daimler AG
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. TuSimple Inc
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Others
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies

CHAPTER 14. RESEARCH APPROACH

14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope

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