Off Highway Vehicle Telematics
#3200,SEATTLE, WASHINGTION , UNITED STATES, February 18, 2022 /
EINPresswire.com/ -- The
global off-highway Vehicle (OHV) telematics market is estimated to account for US$ 116.3 Mn in terms of value in 2019 and is expected to grow at a CAGR of 13.3% during the forecasted period 2019-27.
Market Dynamics:
Increasing fuel cost is expected to propel growth of the global off-highway vehicle (OHV) telematics market. For instance, according to Indian Oil, the cost of diesel in India was US$ 0.92/liter in June 2019, which increased to US$ 1.03/liter in November 2020.
Among regions, Europe is expected to witness decline in the off-highway vehicle (OHV) telematics market, owing to emergence of Covid-19 that has led to decline in the automotive scector.
For instance, in April 2020, Kia Motors announced that its South Korea-based contract manufacturer for compact vehicles has suspended production. Moreover, the market in Europe is also witnessing several M&A activities.
For instance, in April 2019, Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation, acquired TomTom Telematics, a subsidiary of TomTom International BV for US$ 1 billion.
๐๐ฒ๐ ๐๐ป-๐๐ฒ๐ฝ๐๐ต ๐ค๐๐ฎ๐น๐ถ๐๐ฎ๐๐ถ๐๐ฒ ๐๐ป๐ฎ๐น๐๐๐ถ๐; ๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ @
https://www.coherentmarketinsights.com/insight/request-sample/3700
Highway vehicle (OHV) telematics collects data from various sources, including traffic lights and traffic signs. It finds applications in agriculture, mining, constructions, and other industries.
In Asia Pacific, changes in regulatory scenario is expected to boost growth of the off-highway vehicle (OHV) telematics market. For instance, in Australia, changes in Fringe Benefits Tax (FBT) laws is expected to boost adoption of OHV telematics. Under law changes, personal vehicle use exempt from FBT is now limited to:
Employee journeys between their home and place of work, with an additional diversion of up to two kilometers also allowed
No more than 750 kilometers in total for each FBT year
Single journeys for a wholly private purpose of 200 kilometers or less
The off-highway vehicle (OHV) telematics market in Africa is expected to witness sluggish growth, owing to low awareness and adoption of OHV telematics in emerging economies. Moreover, growing reluctance of end users to change business practices is also expected to limit the market growth.
๐๐ผ๐ฟ ๐ ๐ผ๐ฟ๐ฒ ๐๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป ๐๐ฏ๐ผ๐๐ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐, ๐๐ฒ๐ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐ @
https://www.coherentmarketinsights.com/insight/request-pdf/3700
๐ช๐๐๐๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐๐๐:
โ TomTom International BV
โ Zonar Systems Inc.
โ Harman International Industries Inc.
โ Bridgestone Europe NV/SA
โ Trackunit A/S
โ ORBCOMM Inc.
โ Omnitracs LLC
โTopcon Corporation
โ Navman Wireless
โ Wacker Neuson SE
โ MiX Telematics Limited.
April 2019: ORBCOMM Inc. launched its enhanced web platform and its latest telematics devices for heavy equipment industry.
April 2019: Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation, acquired TomTom Telematics, a subsidiary of TomTom International BV for US$ 1 billion.
What Deliverables Will You Get in this Report?
โ In-depth analysis of the Off-Highway Vehicle (OHV) Telematics Market.
โ Detailed market segmentation.
โ Competitive-landscape analysis.
โ Historical, present, and future market size analysis.
โ Industry trends, technologies, and advancements.
โ Growth and operation strategies adopted by key players.
โ Potential segments/regions offering promising growth.
โ The geographical presence of the key players.
๐๐น๐ถ๐ฐ๐ธ ๐๐ต๐ฒ ๐๐ถ๐ป๐ธ ๐๐ผ ๐๐ฝ๐ฝ๐น๐ $๐ฎ๐ฌ๐ฌ๐ฌ ๐๐น๐ฎ๐ ๐๐ถ๐๐ฐ๐ผ๐๐ป๐ @
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How is the Report Helpful?
โฑ The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.
โฑ Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.
Mr. Shah
Coherent Market Insights Pvt. Ltd.
206-701-6702
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