Global Electronic Logging Device (ELD) Market Recent Trends, In-Depth Analysis, Industry Share, Size and Forecast 2022 To 2027
Share this Post to earn Money ( Upto ₹100 per 1000 Views )
Market Insights and Analysis: Global Electronic Logging Device (ELD) Market Overview and Projections (2022-2027)
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.
Top leading companies in the Global Electronic Logging Device (ELD) Market includes:
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, and Transflo.
Thriving E-Commerce Platforms to Boost the Market
The growing customer spending on healthcare & household products and the mounting inclination of consumers toward safe doorstep deliveries of groceries & essentials through E-Commerce platforms due to the Covid-19 pandemic has resulted in the incessant use of E-commerce companies like Amazon, Bazzar.ae, Bashara Care, etc., which, in turn, has devised significant investments in freight expansions of light commercial vehicles.
As a result, the heightening demand for commercial vehicles for travel & logistical services across the globe and rising data falsification among fleet drivers through conventional tracking practices have enabled governments to mandate the use of Electronic Logging Devices (ELDs). Additionally, stringent government regulations such as FMSCA in North America have come into effect, due to which the installation of ELDs in commercial vehicles has been made mandatory. Hence, this shall further fuel the overall market growth of ELDs in the coming years.
✅In case you missed it, we are currently revising our reports. Click on the below to get the 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.
Access the detailed PDF Sample report- https://www.marknteladvisors.com/query/request-sample/electronic-logging-device-eld-market.html
Report Segmentation:
The market is categorized into the following segments in the report:
By Vehicle Type
-Light Commercial Vehicle
-Light Trucks
-Light Bus
Medium & Heavy Commercial Vehicle
-Trucks
-Bus
-Trailers
-Others
-Passenger Cars
-Others
By Installation
-Embedded
-Externally Integrated
By Components
-Engine Module
-Display
-Telematics.
Explore Our Comprehensive Study Reports – https://www.marknteladvisors.com/research-library/electronic-logging-device-eld-market.html
Global Electronic Logging Device (ELD) Market Geographic Reach:
The Geographic Reach of the Global Electronic Logging Device (ELD) Market evaluates the spread and significance of Global Electronic Logging Device (ELD) market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: USA, Canada, Mexico
· Europe: Germany, The UK, Germany, France, Spain, Italy and Others
· Asia-Pacific: China, India, Japan, South Korea, Australia and Others
· South America: Brazil, and Argentina
· Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt.
Note: If you require specific information not covered in the current report, we can provide it through customized option
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India