The global Off-Highway Vehicle Telematics Market is forecasted to be worth USD 269.2 Million by 2027, according to a current analysis by Emergen Research. Due to the rising government initiatives to increase the safety and protection of off-highway vehicles, the off-highway vehicle telematics market is expected to grow exponentially. Besides, rising construction activity in both the public and private sectors is likely to accelerate market growth in the forecast timeframe.
The growing unwillingness of end-users to change business practices is anticipated to hamper the market growth during the forecast period.
The Off-Highway Vehicle Telematics Market Report offers extensive knowledge and information about the Off-Highway Vehicle Telematics market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Off-Highway Vehicle Telematics market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
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Some Key Highlights from the Report
- In January 2019, Bridgestone Corporation announced that its division, Bridgestone Europe NV / SA, has entered a contract with TomTom Telematics to acquire its digital fleet solutions services business. Through this deal, Bridgestone adds essential elements to its Tires and diverse Products as a Solution strategy that describes the changing corporate environment of the organization and its clients and society’s ongoing commitment to quality advancement.
- Over the forecasted period, the cellular segment is anticipated to dominate the market with a CAGR of 13.0%. With the development of 4G networks’ accessibility, smartphones using cellular networks to send and receive data are increasing in prominence and performance.
- The aftermarket segment is expected to sustain stable market growth since it provides total ownership costs, pilot testing, streamlined integration, atheist branding.
- Over the forecast timeline, the construction industry accounts for the largest market. This technology provides organizations with intelligence gathering-level details of how the vehicles and installations operate and how they are used, allowing them to identify and take steps anywhere they exist to correct shortfalls in vehicle operations.
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Key Players Profiled in the Report are:
Zonar Systems, Inc., Omnitracs LLC, MiX Telematics Limited, Harman International Industries Inc., TomTom International BV, Orbcomm Inc., Wacker Neuson SE, Bridgestone Europe NV/SA, Topcon Corporation, and Stoneridge, Inc. among others.
Furthermore, the report provides a comprehensive overview of the Off-Highway Vehicle Telematics market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Off-Highway Vehicle Telematics market expected to boost the growth of the industry in the coming years.
Emergen Research has segmented the global Off-Highway Vehicle Telematics Market on the basis of technology, sales channel, end-user, and region:
Technology Outlook (Revenue, USD Million; 2017-2027)
- Satellite
- Cellular
Sales Channel Outlook (Revenue, USD Million; 2017-2027)
- Aftermarket
- OEM
End-User Outlook (Revenue, USD Million; 2017-2027)
- Agriculture
- Construction
- Mining
- Others
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Key Questions Answered in the Report:
What is the growth rate of the Off-Highway Vehicle Telematics market? What is the anticipated market valuation of Off-Highway Vehicle Telematics industry by 2028?
What are the key growth driving and restraining factors of the Off-Highway Vehicle Telematics market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Off-Highway Vehicle Telematics industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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