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 latest research report is dubbed as the first document encompassing the latest information about the Off-Highway Vehicle Telematics market that has been gravely affected by the COVID-19 pandemic. The global health crisis poses significant threats to the future growth of the Off-Highway Vehicle Telematics industry. The report assesses the profound changes in this business setting caused by the outbreak and considers the prominent market aspects that have been severely disrupted by the pandemic. The report thus expounds on the rapidly changing market scenario in this COVID-19 era, which aims to help businesses involved in this sector overcome the pandemic’s gripping effects and formulate new growth strategies to boost the COVID-19 preparedness.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities,
Some Key Highlights
- 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.
Furthermore, the report provides details about the new players entering the market, entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key Players operating in the Healthcare Business Intelligence industry 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.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/off-highway-vehicle-telematics-market
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
A closer look at the aspects including but not limited to market segmentation by the end-user, end-use, geography, type, and application forms an integral part of the research report. In addition, in-depth analysis of critical factors such as spending capability, gross margin, business environment and profit for the forecast period 2021 – 2028 holds critical information and is based on curated facts and logical arguments. Importantly, validation of statistics recent acquisitions and mergers, collaborations and product launches serve as testimonials for stakeholders, field marketing personnel, product manufacturers and business evangelists on how a product will be positioned in the real world in years to come.
Major Regions Covered in the Off-Highway Vehicle Telematics Market Report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Reasons to Buy This Report:
- The report presents a thorough examination of the Off-Highway Vehicle Telematics market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
- The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
- The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
- The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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