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The commercial vehicle telematics market share in the Americas is expected to increase to USD 7.97 billion from 2021 to 2026, at a CAGR of 16.6%.
This Americas commercial vehicle telematics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial vehicle telematics market in the Americas segmentations by type (embedded telematics, smartphone-based telematics, and portable telematics) and application (LCV and M and HCVs). The Americas commercial vehicle telematics market report also offers information on several market vendors, including AB Volvo, Agero inc., Airbiquity inc., AT and T inc., Bayerische Motoren Werke AG, Continental AG, DrivSafe LLC, Ford Motor Co., Garmin Ltd., General Motors Co., Michelin Group, MiX Telematics Ltd., Omnitracs LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., TomTom international BV, Trimble inc., Valeo SA, Verizon Communications inc., and Visteon Corp. among others.
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"The US has the largest number of commercial vehicles in use for various commercial activities and is a prominent market for the sales of new commercial vehicles."
The cost savings options due to the adoption of telematics-enabled UBI is notably driving the commercial vehicle telematics market growth in the Americas, although factors such as high cost associated with embedded telematics services may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the commercial vehicle telematics industry in the Americas. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Americas Commercial Vehicle Telematics Market Driver
All the above-mentioned factors are expected to drive the Americas commercial vehicle telematics market growth during the forecast period.
Key Americas Commercial Vehicle Telematics Market Trend
Key Americas Commercial Vehicle Telematics Market Challenge
This commercial vehicle telematics market in the Americas analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The global auto parts and equipment market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, and off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the commercial vehicle telematics market in the Americas encompasses successful business strategies deployed by the key vendors. The commercial vehicle telematics market in the Americas is fragmented and the vendors are deploying growth strategies such as innovation, price, quality and performance, and support services to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The commercial vehicle telematics market in the Americas forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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The commercial vehicle telematics market share growth in the Americas by the embedded telematics segment will be significant during the forecast period. Commercial vehicle OEMs have been trying to establish maximum control points in the commercial vehicle telematics market. They have been employing unique business models to increase their shares in the telematics ecosystem. Hence, there have been increasing collaborations between OEMs and other players in the commercial vehicle telematics market to encourage the adoption of embedded solutions. Thus, the increasing adoption of embedded solutions will drive the commercial vehicle telematics market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial vehicle telematics market size in the Americas and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the commercial vehicle telematics market in the Americas as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial vehicle telematics market in the Americas during the forecast period.
Our report provides extensive information on the value chain analysis for the commercial vehicle telematics market in the Americas, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Commercial Vehicle Telematics Market Scope in the Americas |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 16.6% |
Market growth 2022-2026 |
$ 7.97 billion |
Market structure |
Fragmented |
YoY growth (%) |
23.1 |
Key consumer countries |
US, Canada, and Rest of the Americas |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
AB Volvo, Agero inc., Airbiquity inc., AT and T inc., Bayerische Motoren Werke AG, Continental AG, DrivSafe LLC, Ford Motor Co., Garmin Ltd., General Motors Co., Michelin Group, MiX Telematics Ltd., Omnitracs LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., TomTom International BV, Trimble inc., Valeo SA, Verizon Communications inc., and Visteon Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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