India Commercial Vehicle Telematics Market to Remain on the Rise through 2022, Says 6Wresearch in Its Report Now Available at MarketPublishers.com19 Sep 2016 • by Natalie Aster
LONDON – The Indian market for commercial vehicle telematics has been following a growing trend during the previous few years, propelled by a number of favourable factors including enhancing awareness, rising necessity for fleet management, expanding penetration in OEM sector an also escalating demand from the cold chain and logistics sectors.
The Indian commercial vehicle telematics market is dominated by the heavy-commercial vehicles (HCVs) segment; however the medium commercial vehicles (MCVs) segment is anticipated to register the highest growth rates through 2022.
By 2022, the installed base in the Indian commercial vehicle telematics market is anticipated to reach 1.4 million. The market growth is supported by rising concerns related to vehicle fuel consumption, repair costs, road safety and time delivery.
Additionally, prices are declining on the YoY basis owing to intensifying competition and increasing adoption in the country’s commercial vehicle telematics. On the basis of end-use sector, the cold chain sector accounted for the biggest share of the domestic market in the past year.
In-demand insightful 6Wresearch research report “India Commercial Vehicle Telematics Market (2016-2022): Market Forecast by Vendor Type, End Users, Regions, Applications and Competitive Landscape” prepared by 6Wresearch provides an all-encompassing review of the Indian market for commercial vehicle telematics, providing a detailed market analysis on the basis of vendor types, applications, end-use segments and regions. Ongoing and future market trends, possible future opportunities, lucrative growth areas, key market growth drivers, challenges and restraints are covered in the research report. The latest strategies adopted in the market, new product launches, regulative policies are reviewed here. Moreover, the study focuses on the market competitive scenario and includes comprehensive profiles of the leading market participants. Granular market forecasts up to 2022 are available in this cutting-edge report, too.
More comprehensive research studies by 6Wresearch are available at its page.