Electronic Logging Device (ELD) Market
Electronic Logging Device (ELD) Market Next Big Thing | Industry Size, Growth, Demand, Share and Value in the Coming Year
Thorough Report: Global Electronic Logging Device (ELD) Market Size, Share, and Growth Trends
The latest report from MarkNtel Advisors explores the Global Electronic Logging Device (ELD) Market, investigating its market size, share, growth rate, and prevailing trends. The analysis considers short and long-term influencing factors, aiming to evaluate the market's potential through an examination of current trends and insights into the competitive landscape for both existing industry players and potential newcomers.
The report delivers a thorough market analysis, encompassing projected sales, cost analysis, production and consumption trends, CAGR, gross margin, and supply and demand dynamics. It also sheds light on recent product developments, technological advancements, and ongoing research and development projects. To aid readers in devising business strategies and growth plans, the study provides a holistic perspective of the global Electronic Logging Device (ELD) market by assessing the competitive landscape, determining market positions, and facilitating well-informed business decisions.
Utilizing both quantitative and qualitative analyses, the study scrutinizes all pertinent market factors, incorporating significant facts and empirical data to present a comprehensive statistical analysis. The research delves into major drivers, limitations, and future prospects, offering valuable insights for stakeholders seeking a deeper understanding of this market.
Global Electronic Logging Device (ELD) Market Insights:
The Global Electronic Logging Device (ELD) Market is expected to grow at a CAGR of around 3.85% during the forecast period, i.e., 2022-27. With the increasing consumer reliance on IT integrated mobility and the burgeoning demand for e-commerce, automotive rentals, & ride-sharing services across the globe, there exists a persistent call for commercial vehicles to integrate ELD technology in fleet management.
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Global Electronic Logging Device (ELD) Market Dynamic:
Industry Driving Factor:
Increasing Government Regulations Regarding the Safety of Drivers & Vehicles - ELDs accurately record their driving times, making it more comfortable and faster to track, manage, share and improve the accuracy of a driver’s hours of service record, thereby helping drivers be less tired and stay within legally allowed driving hours.
Considering these advantages for the safety of drivers & vehicles, governments are moving towards enforcing the ELD mandate. For instance:
In 2017, the US passed & implemented the ELD mandate for all commercial vehicles running in the country.
On the other hand, the Canadian ELD regulations are likely to be implemented from 2022 onwards.
Hence, these significant initiatives would also encourage other countries to shift toward ELDs, which would drive the global market in the coming years.
Highlights Regarding Dominant Businesses in Electronic Logging Device (ELD) Market
In the Global Electronic Logging Device (ELD) Market, it's vital to pinpoint the major influencers who hold considerable sway and authority within the industry. These influencers aren't just big players; they're the ones who've firmly established themselves and still hold a tight grip on the market. You can see their leadership through their market share, innovative approaches, and steady growth. Grasping these leaders in the field is crucial for competitors, investors, and stakeholders alike. It helps them understand the market's ins and outs, make well-informed choices, and potentially collaborate or compete more effectively in this ever-changing landscape. The details about these influential market players are outlined in this section:
· Blue Ink Technology, Inc
· AT&T Inc
· CarrierWeb LLC
· Donlen Corporation
· Garmin Ltd
· Geotab Inc
· KeepTruckin Inc
· Omnitracs LLC
· ORBCOMM Inc
· Pedigree Technologies LLC
· Samsara Inc
· Stoneridge Inc
· Teletrac Navaman US Ltd
· TomTom International BV
· Transflo
Global Electronic Logging Device (ELD) Market Breakdown:
The Global Electronic Logging Device (ELD) Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:
· By Vehicle Type
o Light Commercial Vehicle
§ Light Trucks
§ Light Bus
o Medium & Heavy Commercial Vehicle
§ Trucks
§ Bus
§ Trailers
§ Others
o Passenger Cars
o Others
· By Installation
o Embedded
o Externally Integrated
· By Components
o Engine Module
o Display
o Telematics
On the geographical front, the Global Electronic Logging Device (ELD) Market expands across the following:
By Region
North America
South America
Europe
Middle East & Africa
Asia Pacific
Explore the Complete Electronic Logging Device (ELD) Market Analysis Report - https://www.marknteladvisors.com/research-library/electronic-logging-device-eld-market.html
Components of the Report:
In-depth market research to facilitate well-informed decision-making.
Market projections and predictions spanning the years 2024 to 2030.
Exploration of opportunities for expansion and trend analysis.
Forecasts detailing regional and segment revenue for comprehensive market analysis.
Analysis of market share and competition strategy.
Detailed insights on effectively overcoming market competition.
Strategies for thriving in dynamically changing marketplaces.
Availability of the market report in multiple versions, including PDF, Excel, PPT, and an online dashboard.
Important Notes: In case you missed it, we are currently revising our reports. Click on the "request customization report" button to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.
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