The growth in the trucking industry in BRIC countries is significantly influencing the electronic logging device market growth. China, being the leading global manufacturer for several industries, has a high demand for efficient freight transportation. Moreover, the subsidies in China for eliminating high polluting diesel trucks and incentives for electric bus buyers will influence the increase in sales of new commercial vehicles. The countries, such as India, with high middle-class population are witnessing rapid growth in the commercial vehicle industry. The economic developments and rise in the manufacturing activities will further flourish the electronic logging device market growth in these countries.
The electronic logging device market despite the growing popularity is witnessing some challenges, which can hamper the growth considerably. The ELD mandate in the U.S. even after a year of going into effect has faced growing resistance from drivers. The Federal Motor Carrier Safety Administration did not provide the necessary training to law enforcement officers till November 2018. As a result, many officers were not ready to take action. The people spend a lot of time to challenge the violations filed by officers. Another challenge to the electronic logging device market is the technical specifications as many manufacturers fail to meet the required technical specifications, resulting in the use of cheap systems, particularly by small carriers.
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The global electronic logging device market share is forecast to grow appreciably in the years to come, owing to mounting need to increase the operational efficiency in fleet management services. The devices are used mainly to record driving hours of commercial vehicles.
Due to the presence of a stringent regulatory framework, countries in North America and Europe have witnessed rapid growth in electronic logging device market. The United States imposed an ELD mandate back in 2017 for motor carriers to use electronic logging devices on all trucks and commercial vehicles.
The U.S. Federal Motor Carrier Safety Administration (FMCSA) mandates that drivers record the roadworthiness of their vehicles before each trip, which requires drivers to go through a checklist of inspection points, such as-widescreen, tires etc. The ELD system allows drivers to fill in this inspection checklist through the in-cab tablet, which makes sure that nothing gets missed and is then uploaded to the cloud. FMCSA approved ELDs are therefore in demand, impelling electronic logging device market trends.
Asia Pacific, a region that is witnessing rapid growth in the use of commercial vehicles, is expected to create considerable scope for the ELD market expansion. There has been a considerable growth in the trucking industry in the region. For instance, in China, ELD buyers became eligible for a truck scrappage subsidy which is helping the trucking industry flourish in the region and is contributing to the electronic logging device market share as well. Emerging economies like India will witness a growing demand for commercial vehicles owing to a surging middle-class population and increasing economic developments, which will in turn lead to electronic logging device industry growth.
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The leading companies in the electronic logging device market, such as Donlen, Keeptrukin, and AT&T, are trying to include more monitoring features in the devices. Keeptrukin provides vehicle utilization, smart dashcam, asset tracking, and driver workflow features in its devices. Moreover, investment in software & applications is the key area of focus by companies augmenting the electronic logging device market. These platforms can be used on a driver’s smartphone and other devices to track information. The companies are shifting toward partnerships for developing technologies & platforms. Donlen made a partnership with Ford in April 2019, to provide fleet vehicle data services, which will use Transportation Mobility Cloud (TMC), an open platform by Ford, allowing the integration of current vehicle data with Ford’s modems.
Glimpse of Table of Content (ToC)
Chapter 1.Methodology and Scope
1.1.Definition and forecast parameters
1.1.2. Assumptions, methodology and forecast parameters
Chapter 2.Executive Summary
2.1.Electronic logging device industry 3600 synopsis, 2015 – 2025
2.1.1. Business trends
2.1.2. Component trends
2.1.3. Form factor trends
2.1.4. Vehicle type trends
2.1.5. Regional trends
Chapter 3. Electronic Logging Device Market Insights
3.2.Industry landscape, 2015 – 2025
3.2.1. Telematics industry overview
3.2.2. Global commercial vehicle industry landscape
3.3.Industry ecosystem analysis
3.3.1. Component suppliers
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.4.Technology & innovation landscape
3.5.1. North America
3.5.3. Asia Pacific
3.5.4. Latin America
3.6.Industry impact forces
3.6.1. Growth drivers
220.127.116.11.Stringent regulations in the U.S. and Europe
18.104.22.168.Need of operational efficiency due to shortage of drivers and truck fleet capacity
22.214.171.124.Growth in trucks demand in BRICS countries
126.96.36.199.Increased digitization in transport and logistics
188.8.131.52.Increasing service offerings by transport companies for supply chain management
3.6.2. Industry pitfalls and challenges
184.108.40.206.High costs of embedded systems
220.127.116.11.Resistance from drivers due to the hours of service rule
18.104.22.168.Difficulties in switching from paper logs to electronic systems
3.7.Growth potential analysis
3.8.1. Industry rivalry
3.8.2. Threat of new entrants
3.8.3. Buyer power
3.8.4. Supplier power
3.8.5. Threat of substitutes
3.9.Competitive landscape, 2018
3.9.1. Company market share
3.9.2. Strategy dashboard
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