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.
For a better understanding to download a free sample
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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
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