Press release
Electronic Logging Device Market Size, Market Growth, Competitive Strategies, and Worldwide Demand
Electronic Logging Device Market
In the creation of the Electronic Logging Device market report, the necessities and requirements of businesses for achieving successful growth have been thoroughly taken into account. This report serves as an essential document for market enthusiasts, policymakers, investors, and industry players. The inclusion of SWOT analysis and Porter's Five Forces analysis, known for their effectiveness in generating market research reports, underscores their preference in business practices and their incorporation in this report. The universal Electronic Logging Device market research report not only showcases significant product developments but also tracks recent acquisitions, mergers, and research activities in the Automotive industry by key players.
The electronic logging device market is expected to witness market growth at a rate of 4.10% in the forecast period of 2021 to 2028 and is estimated to reach 17,071.17 USD million by 2028. Data Bridge Market Research report on automotive vehicle scanner market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth.
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Driver:
Anticipated growth drivers for the electronic logging device market in the forecast period include the ELD and digital tachograph mandate, contributing to increased revenue for vendors, and a rising demand for operational efficiency in fleet maintenance organizations. However, challenges such as the price sensitivity of fleet owners hindering the adoption of advanced fleet management technologies and a lack of awareness among drivers and fleet owners in advancing nations are expected to impede market growth.
Furthermore, leveraging the data for informed business decisions and the future potential for 5G technology providers are identified as opportunities that could further fuel the growth of the electronic logging device market in the years to come. Nevertheless, the complexities associated with data management and security pose challenges for vendors, potentially impacting the growth of the electronic logging device market in the near future.
Some key players mentioned in the report are:
Pedigree Technologies, KeepTruckin, Inc., EROAD, FleetUp, Intrepid Control Systems Inc, Gorilla Safety Fleet Management., Omnitracs, Trimble Inc., Verizon, Drivewyze, LINXUP, InTouch GPS, LLC, Geotab Inc., Fleet Complete., Blue Ink Technology, Wheels, Inc., Donlen, ORBCOMM, Garmin Ltd., CarrierWeb, Transflo a Pegasus TransTech Company., Stoneridge, Inc., Teletrac Navman US Ltd, TomTom International BV., WorkWave, LLC, Merchants Fleet, LeasePlan, Vector Informatik GmbH, MICHELIN, Racelogic, HEM Data Corporation, Danlaw Technologies India Limited., Influx Technology
Key Insights that Study is going to provide:
· The 360-degree Electronic Logging Device overview based on a global and regional level
· Market Share & Sales Revenue by Key Players & Emerging Regional Players
· A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
· May vary depending upon availability and feasibility of data with respect to Industry targeted
· Patent Analysis** No of patents / Trademark filed in recent years.
· A complete and useful guide for new market aspirants
· Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
· Various Electronic Logging Device industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
By Component (Display, Telematics unit, Other), Form Factor (Embedded, Integrated), New and Aftermarket Service (Entry Level Services, Intermediate Services, High-End Services), Vehicle Type (Light Commercial Vehicle, Truck, Bus),
The countries covered in the Global Electronic Logging Device Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
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