In 2018, Global Electronic Logging Devices Market Size was valued to USD 11.57 Billion and is anticipated to cross USD XX.XX during the forecast period that is 2017 to 2025, the industry growing at a compound annual growth rate (CAGR) of 4.21%. Major boosting factors are vehicle service and aftermarket service will contribute significant growth rate over the forecast period. North America and some of the Asian countries such as Japan and South Korea is ELD mandate for fleet management for electronic logging device. Europe is anticipated to the fastest growing market for electronic logging device in coming years owing to strict government policies related to electronic logging device.  

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global analysis offers in-depth insights, revenue details, and other vital information regarding the global electronic logging devices market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global surface mining market report has been segmented on the basis of type, application, and region.

Electronic Logging Device Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Electronic Logging Device Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in electronic logging devices market are included as primary sources of the supply side.

After performing comprehensive engineering of electronic logging devices market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Regional Analysis

The Europe market was valued to significant growth in 2018 and the industry hold the largest market share during the forecast period. 27 European countries were mandated digital tachographs for commercial vehicles. The region will witness the technological shift not only OEMs manufacturing but also offering new technological in build electronic logging devices for commercial vehicles. Additionally, more than dozens key players working in different countries that are other factors which will boost the industry growth over forecast period. However, players in the region are focusing on Research & Development and innovations to maximize ROIs.  North America electronic logging device market is the second highest contributor CAGR rate in global industry, in term of revenue generation. Asia Pacific industry need more easy policies and government support for this technology which will be crate more scope in next few years.

Key Players

The major regional key players working in the electronic logging device market include Omnitracs, Trimble, Geotab, Donlen, and Teletrac Navaman. The study report includes an in-depth competitive analysis, company profiles, top 5 companies profit analysis, recent developments, and key market strategies, new product development, partnership, and mergers & acquisitions.

Global Electronic Logging Device Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.