Heavy-duty Trucks Market In Europe Will Make You Tons Of Cash. Here's How!

Heavy-duty trucks are defined as freight trucks of more than 3.5 tonnes gross vehicle weights. They are used for various applications across the European Union such as long-haul transport. Regional delivery, urban delivery, mining, and construction. As per the latest market research report published by Technavio, the heavy-duty trucks market in Europe will witness a demand of over 60 thousand units during 2019-2023. Get the free sample report below for the detailed information.

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The truck platooning concept has gained interest from prominent automotive manufacturers. Truck platooning involves traveling of multiple trucks at an aerodynamically efficient distance and drive cooperatively by maintaining the distance at high speeds. A truck platoon is like the train’s compartment-like arrangement but with physical disconnects. Currently, truck platooning is being tested by vendors across the world with the aim to commercialize the technology. 

However, the latest development took the truck platooning concept to another level with the introduction of multi-brand truck platooning. In 2018, the EU-funded ENSEMBLE initiative announced the development of multi-brand truck platooning in Europe, which is expected to become reality by 2021 led by six heavy-duty truck manufacturers: AB Volvo, Daimler, Volkswagen, PACCAR, and CNH Industrial.

The adoption of multi-brand truck platooning will be highly beneficial to the European countries. Hence, the development of multi-brand truck platooning in Europe is expected to drive the heavy-duty trucks market in Europe at a CAGR of 3.07% during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.

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