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Commercial Vehicle Telematics Market in India

  • Date Submitted: 09/01/2016 01:36 AM
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1st September 2016 – Navi Mumbai, India: Market Report on India present the latest report on “Commercial Vehicle Telematics Market in India”, the report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to decide.

India Commercial Vehicle Telematics Market (2016-2022): Market Forecast by Vendor Type (Aftermarket and OEM), End Users (Cold Chain Storage, Tourism, Retail, Courier, Pharma and Others), Regions (Northern, Southern, Western and Eastern), Applications (Vehicle Tracking & Fleet Management and Others) and Competitive Landscape

In last few years, commercial vehicle telematics market has registered significant momentum, thanks to growing awareness, need for fleet management, adoption in cold chain & logistics segments and penetration in OEM market.

In India’s commercial vehicle telematics market, Heavy-Commercial Vehicles (HCVs) accounted for majority of the market share; however, Medium Commercial Vehicles (MCVs) segment is poised to register significant growth over the next six years.

India Commercial Vehicles Telematics Market installed base is projected to reach 1.4 million by 2022. India commercial vehicles telematics market is exhibiting growth as the freight companies are becoming more cautious about their vehicle fuel consumption, on time delivery, repair cost and on road safety. Moreover, commercial vehicle OEMs are collaborating with telematics players to develop in-built telematics system.

In addition, prices are declining year-on-year due to increasing competition and adoption in the market. Amongst all end users, cold chain segment has acquired highest share of the overall market in 2015.

The report thoroughly covers telematics market by vendor type, installed base, sectors, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which...

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