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New Era of Electronic Logging Device Market 2019-2026: Technological Advancement and Prominent Key Players: Pedigree Technologies; KeepTruckin, EROAD, FleetUp, Intrepid Control Systems, Gorilla Safety Fleet Management Omnitracs,Trimble
Electronic Logging Device Market
Global electronic logging device market is expected to rise to an estimated value of USD 17.52 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026
Electronic logging device is hardware devices that are installed on the several types of commercial vehicles so that the data regarding the travelling route taken, distance travelled and time taken for travelling are recorded. This device helps in recording of the data regarding the engine and mobility of the vehicle through which a number of informed business decisions can take place regarding the maintenance of the vehicle, emissions of the vehicle efficiency and other major components.
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Companies Profiled in this report includes, Pedigree Technologies; KeepTruckin, Inc.; EROAD; FleetUp; Intrepid Control Systems, Inc.; Gorilla Safety Fleet Management; Omnitracs; Trimble Inc.; Verizon; Drivewyze; LINXUP; InTouchGPS; Geotab Inc.; Fleet Complete; Blue Ink Technology; Wheels, Inc.; Donlen; ORBCOMM; Garmin Ltd.; CarrierWeb Group of Companies; Transflo a Pegasus TransTech Company; Stoneridge, Inc.; Teletrac Navman US Ltd; TomTom Telematics BV; WorkWave, LLC; Merchants Fleet; LeasePlan; Vector Informatik GmbH; MICHELIN; Racelogic; HEM Data Corporation; Danlaw Technologies India Limited and Influx Technology.
Global electronic logging device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electronic logging device market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
• Presence of strict regulations and compliances regarding the installation and usage of these devices from the U.S. and European region; this factor is expected to drive the growth of the market
• Demand for providing better efficiency of operations from the fleets is expected to drive the growth of the market
• Rising levels of trucks availability in the “BRICS” countries; this factor is expected to drive the growth of the market
• Growth in demand of the services available from the logistics company requiring better supply chain management resulting in adoption of digital technologies and services; this factor is expected to drive the growth of the market
Market Restraints:
• Lack of adoption from fleet owners globally due to their assumptions regarding these systems as being unnecessary expenses; this factor is expected to restrain the market growth
• Inadequate knowledge and information regarding the availability of these services in the various developing regions is expected to restrain the growth of the market
• Complications associated with replacing paper-based logging system with these devices along with restrained adoption from the drivers of these vehicles is expected to restrain the growth of the market
Segmentation: Global Electronic Logging Device Market
By Product: Automatic On-Board Recording Device (AOBRD), Electronic Logging Device (ELD), Hours of Service (HOS)
By Vehicle Type: Light Commercial Vehicle (LCV), Truck, Bus, Taxi/Cabs
By Component: External Display, Telematics Unit, Others
By Subscription Type Electronic Logging Device (ELD) Without Screen: ( One-Time Purchase, Subscription), Electronic Logging Device (ELD) With Screen ( One-Time Purchase, Subscription)
By Form Factor: Embedded, Integrated
By Service: Entry-Level Services, Intermediate Services, High-End Services
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Reasons to purchase this Electronic Logging Device premium report
• This Electronic Logging Device research report illuminates the market development of a few sorts of items sold by driving organizations.
• It delivers the market Dynamics in which the authors of the report have comprehensively discussed about the key drivers, restraints, challenges, trends and opportunities of the global market
• The investigators composing the report have profoundly surveyed the market capability of key applications and distinguished future opportunities they are relied upon to make in the worldwide market.
• Each provincial market is painstakingly investigated for understanding its present and future development situations.
• Top players of the worldwide market are altogether profiled in the report dependent on their piece of the overall industry, showcase served, items, applications, territorial development, and different variables.
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