Electronic Logging Device Market 2019-2026 Research Report
The global Electronic Logging Device Market is highly fragmented due to the presence of various large numbers of players which forms a competitive environment. The report entails all-inclusive information associated with the latest market updates such as new ideas, market size, opportunity, growth path and trends for the forecast period of 2020-2026 to gain competitive edge across the globe. This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and the latest development undertaken.
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global electronic logging device market are Donlen Corp., Geotab Inc., Omnitracs LLC, Teletrac Navman US Ltd., and Trimble Inc.. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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Market Dynamics
The increasing adoption of ELDs in heavy vehicles such as trucks owing to the growing preference for road transportation in developed countries, as it enables fleet managers to know the location of their trucks, is primarily driving the market growth. Moreover, rising awareness in emerging economies regarding the use of ELDs in vehicles as it enhances the quality of driving and provides real-time notifications to the drivers on the condition of vehicle parts is further pushing the market value. However, the high cost associated with ELDs could challenge the market demand.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of electronic logging device.
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Market Segmentation
The study offers a decisive view of the global electronic logging device market by segmenting it in terms of component. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Component
· Telematics Unit
· Engine Module
· External Display
Regional Analysis
This section covers electronic logging device market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global electronic logging device market along with the individual application segment across all the prominent region.
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