Product Code: ETC4570525 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India electronic logging device market import shipment experienced a significant decline with a CAGR of -15.6% from 2020 to 2024. The growth rate between 2023 and 2024 plummeted by -68.5%, indicating a sharp contraction in market activity, suggesting a substantial slowdown in overall import trends during the period.
The electronic logging device (ELD) market in India is gaining prominence as regulatory authorities and commercial vehicle operators recognize the importance of accurate and automated record-keeping for fleet management. ELDs are designed to track driver hours of service, ensuring compliance with labor and safety regulations. The market is marked by the development of user-friendly ELD solutions, real-time data reporting, and connectivity with other fleet management systems. As regulatory requirements for ELDs become more stringent and safety remains a top priority, the market is set to see continued growth, offering efficient solutions for commercial vehicle operators in India.
The electronic logging device (ELD) market is primarily driven by regulatory compliance and the need to improve road safety. Government mandates require commercial vehicles to track and manage driver hours, leading to increased adoption of ELDs. They ensure adherence to regulations and enhance transparency in the transportation industry.
The electronic logging device market in India faces challenges regarding regulatory compliance and data privacy. Ensuring that all commercial vehicles comply with electronic logging requirements can be a complex and costly process, especially for small operators. Concerns about the security and privacy of sensitive transportation data can impede adoption. Standardization and enforcement of regulations are essential for market growth.
The electronic logging device market faced challenges due to the disruptions in the transportation and logistics industry. Although there was a growing need for electronic logs for compliance and monitoring, supply chain disruptions and operational challenges impacted market growth.
Notable participants in the electronic logging device market involve companies like Omnitracs, Samsara, KeepTruckin, and Verizon Connect.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electronic Logging Device Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electronic Logging Device Market Revenues & Volume, 2021 & 2031F |
3.3 India Electronic Logging Device Market - Industry Life Cycle |
3.4 India Electronic Logging Device Market - Porter's Five Forces |
3.5 India Electronic Logging Device Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 India Electronic Logging Device Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 India Electronic Logging Device Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.8 India Electronic Logging Device Market Revenues & Volume Share, By Form Factor, 2021 & 2031F |
4 India Electronic Logging Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government regulations mandating the use of electronic logging devices for commercial vehicles |
4.2.2 Growing demand for fleet management solutions to improve operational efficiency and driver safety |
4.2.3 Technological advancements leading to the development of more sophisticated and user-friendly electronic logging devices |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing electronic logging devices across fleets |
4.3.2 Lack of awareness and resistance to change among traditional fleet operators |
4.3.3 Concerns regarding data privacy and security issues related to electronic logging devices |
5 India Electronic Logging Device Market Trends |
6 India Electronic Logging Device Market, By Types |
6.1 India Electronic Logging Device Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 India Electronic Logging Device Market Revenues & Volume, By Vehicle Type, 2021-2031F |
6.1.3 India Electronic Logging Device Market Revenues & Volume, By LCV, 2021-2031F |
6.1.4 India Electronic Logging Device Market Revenues & Volume, By Truck, 2021-2031F |
6.1.5 India Electronic Logging Device Market Revenues & Volume, By Bus, 2021-2031F |
6.2 India Electronic Logging Device Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Electronic Logging Device Market Revenues & Volume, By Display, 2021-2031F |
6.2.3 India Electronic Logging Device Market Revenues & Volume, By Telematics Unit, 2021-2031F |
6.2.4 India Electronic Logging Device Market Revenues & Volume, By Other, 2021-2031F |
6.3 India Electronic Logging Device Market, By Service Type |
6.3.1 Overview and Analysis |
6.3.2 India Electronic Logging Device Market Revenues & Volume, By Entry Level, 2021-2031F |
6.3.3 India Electronic Logging Device Market Revenues & Volume, By Intermediate, 2021-2031F |
6.3.4 India Electronic Logging Device Market Revenues & Volume, By High-End, 2021-2031F |
6.4 India Electronic Logging Device Market, By Form Factor |
6.4.1 Overview and Analysis |
6.4.2 India Electronic Logging Device Market Revenues & Volume, By Embedded, 2021-2031F |
6.4.3 India Electronic Logging Device Market Revenues & Volume, By Integrated, 2021-2031F |
7 India Electronic Logging Device Market Import-Export Trade Statistics |
7.1 India Electronic Logging Device Market Export to Major Countries |
7.2 India Electronic Logging Device Market Imports from Major Countries |
8 India Electronic Logging Device Market Key Performance Indicators |
8.1 Percentage of commercial vehicles in India equipped with electronic logging devices |
8.2 Rate of adoption of electronic logging devices in the commercial vehicle sector |
8.3 Customer satisfaction levels with electronic logging device functionalities and features |
9 India Electronic Logging Device Market - Opportunity Assessment |
9.1 India Electronic Logging Device Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 India Electronic Logging Device Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 India Electronic Logging Device Market Opportunity Assessment, By Service Type, 2021 & 2031F |
9.4 India Electronic Logging Device Market Opportunity Assessment, By Form Factor, 2021 & 2031F |
10 India Electronic Logging Device Market - Competitive Landscape |
10.1 India Electronic Logging Device Market Revenue Share, By Companies, 2024 |
10.2 India Electronic Logging Device Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |