Commercial Vehicle Telematics Market in Europe may grow at a CAGR of 13.85% due to growing need for fleet management solutions

February 01 13:52 2018

Commercial Vehicle Telematics Market
A new research document with title ‘Commercial Vehicle Telematics Market in Europe 2018-2022’ covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like UK, Germany, France, Rest of Europe and important players/vendors such as TomTom International, Continental, Trimble, Bosch etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2018-2022.

HTF’s analysts forecast the commercial vehicle telematics market in Europe to grow at a CAGR of 13.85% during the period 2018-2022.

HTF recognizes the following companies as the key players in the commercial vehicle telematics market in Europe: TomTom International, Continental, Trimble, Bosch, and Verizon Telematics.

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Commenting on the report, an analyst from HTF’s team said: “One trend in the market is truck platooning using telematics services. Truck platooning is linking two or more trucks in convoy. Such vehicles follow each other at a close distance with the use of connectivity technology and automated driving systems. The vehicle at the head of the platoon acts as a leader and the vehicles behind it react and adapt to the changes in the leader.”


According to the report, one driver in the market is growing need for fleet management solutions. The logistics sector has been the largest contributor to fleet management services in the telematics industry. This mainly due to increased consolidation of logistics players and growing demand for fleet tracking to mitigate transit losses. The demand for telematics in the logistics sector is driven by the need to reduce fuel expenses. As per estimates, empty runs (without any goods) account for 25%-30% of the total runs made by the fleet globally.

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Further, the report states that one challenge in the market is low return on investment for small fleet owners. Telematics system provides a significant advantage to fleet owners. Large fleet owners utilize these technologies to increase efficiency and productivity, improve driver behavior and safety, along with controlling their costs. However, small fleet owners struggle to get a return on investment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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• Market ecosystem
• Market characteristics
• Market segmentation analysis
• Market outline
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
• Segmentation by application
• Comparison by application
• LCV telematics market in Europe – Market size and forecast 2017-2022
• M&HCV telematics market in Europe
• Market opportunity by application


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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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