Analysis of Europe's Heavy-Duty Autonomous Vehicle Market 2023-2032 Featuring Profiles of AB Volvo, Mercedes-Benz Group, BMW Group, ZF Friedrichshafen, and More

Dublin, March 11, 2024 (GLOBE NEWSWIRE) -- The "Europe Heavy-Duty Autonomous Vehicle Market: Analysis and Forecast, 2023-2032" report has been added to's offering.

The Europe heavy-duty autonomous vehicle market (excluding U.K.) was valued at $39.6 billion in 2023 and is anticipated to reach $387.2 billion by 2032, witnessing a CAGR of 28.82% during the forecast period 2023-2032. The heavy-duty autonomous vehicle market is expected to grow due to rising demand for autonomous driving technology and the continuous progress and uptake of heavy-duty autonomous vehicles in public transportation, encompassing both semi-autonomous and fully autonomous functionalities.

Market Introduction

The Europe heavy-duty autonomous vehicle market in Europe is poised for significant growth, driven by increasing demand for autonomous driving technology and the widespread adoption of heavy-duty autonomous vehicles in public transportation. With advancements in technology and regulatory frameworks supporting autonomous vehicle deployment, European countries are witnessing a surge in interest and investment in this sector.

Companies are developing and deploying semi-autonomous and fully autonomous heavy-duty vehicles for various applications, including freight transportation, logistics, and public transit. Additionally, initiatives promoting sustainability and reducing carbon emissions further incentivize the adoption of autonomous vehicles. As Europe continues to embrace innovative transportation solutions, the heavy-duty autonomous vehicle market is expected to expand rapidly, transforming the future of mobility in the region.

Market Segmentation

Segmentation 1: by Application

  • Logistics
  • Public Transportation
  • Construction and Mining
  • Others

Segmentation 2: by Propulsion Type

  • Internal Combustion Engine Vehicles
  • Electric Vehicles

Segmentation 3: by Vehicle Type

  • Heavy Trucks
  • Heavy Buses
  • Roboshuttles

Segmentation 4: by Level of Autonomy

  • Semi-Autonomous Vehicles
  • Autonomous Vehicles

Segmentation 5: by Sensor Type

  • LiDAR
  • Camera
  • Others

Segmentation 6: by Country

  • Germany
  • France
  • Italy
  • Rest-of-Europe

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Some of the prominent names established in this market are:

  • AB Volvo
  • Mercedes-Benz Group AG
  • BMW Group
  • ZF Friedrichshafen AG

Other companies mentioned include:

  • Volkswagen AG
  • Renault Trucks
  • Traton Group
  • Karsan
  • 2getthere B.V.
  • Schaeffler AG
  • P3 Mobility
  • HOLON GmbH

Trends: Current and Future

  • Electrification and Automation of Commercial Vehicles
  • Growing Number of Startups in the Autonomous Vehicle Ecosystem
  • Rising Awareness about Autonomous Vehicles

Business Dynamics

  • Business Drivers
    • Development of Regulations for Autonomous Mobility
    • Rising Developments and Integration of Autonomous Buses in Public Transport
    • Developments of High-Tech Autonomous Solutions for Commercial Vehicles
  • Business Restraints
    • High Cost and Rising Price Volatility of Hardware Components
    • Semiconductor Shortage Effect
  • Business Opportunities
    • Advantages Offered by Commercial Autonomous Vehicles to Logistics Industry
    • Emerging Adoption of Roboshuttle
  • Business Strategies
    • Market Development
    • Product Development
  • Corporate Strategies
    • Mergers and Acquisitions
    • Partnerships, Collaborations, and Joint Ventures

Key Attributes

Report AttributeDetails
No. of Pages155
Forecast Period2023-2032
Estimated Market Value (USD) in 2023$39.6 Billion
Forecasted Market Value (USD) by 2032$387.2 Billion
Compound Annual Growth Rate28.8%
Regions CoveredEurope

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European Heavy-Duty Autonomous Vehicle Market

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