Code: IMR0096 | Automotive &Transportation | Sep-2021 | 130 Pages |
In 2021, the Global Material
Handling Equipment Telematics Market’s size was valued at USD XX.XX billion and
is estimated to reach USD xx. xx billion by 2028 and is expected to be growing
at a CAGR of 11.8 % throughout the forecast period. In this report, 2021 has
been taken as the base year while 2020 is the historical year. The forecast
year for the report is 2028 to approximate the size of the market for Material
Handling Equipment Telematics.
Icon Market Research’s report on Material
Handling Equipment Telematics studies the past and current opportunities of
growth and trends to get a clear picture of the growth indicators of the market
for the forecast period 2021 to 2028. The report also offers the revenue
generated by the Material Handling Equipment Telematics market considering 2020
as the historical year, 2021 as the base year, and 2028 as the forecast year.
The report also consists of the compound annual growth rate (CAGR) for the Material
Handling Equipment Telematics market over the forecast period.
Overview Report of Material Handling Equipment Telematics Market
The Material Handling Equipment Telematics market report
provides information and statistics on market shares, size, restraining
factors, and driving factors for the forecast period 2021 to 2028. It also
mentions the role of main market players in the automotive industry. The report
on Material Handling Equipment Telematics market evaluates the value of the
market report, keeping in mind the application and regional segments, market
share, and size while forecasting the market for each product type and
application of the Material Handling Equipment Telematics market in different
segments of the report. The research report also mentions some sections of the Material
Handling Equipment Telematics market including opportunities, growth, trend,
size, demand, and technology used by prominent players of the market. Then, it
gives detailed profiles of the key players as a part of the competitive
landscape of the Material Handling Equipment Telematics market.
The study of the report divides
it into several sub-segments and represents the whole automotive industry. An
estimation of the revenue generated by the entire automotive industry and its
sub-segments are also provided in the report. It decides the factors that
affect the demand of the automotive industry rapidly, including methods of
development, growth networks, and the product model. The report also points out
the greatest prospects for the growth of the automotive market such as
forecasting the growth of the market, the launch of new goods, and analysis of
the product demand, purchase decisions, several economic factors that are
important to determine the trend of Material Handling Equipment Telematics
market, and the attractiveness of the market. The report on the Material
Handling Equipment Telematics market will help in assisting the stakeholders in
identifying high-potential customers, such as distributors and manufacturers.
Methodology of Material
Handling Equipment Telematics Market
The methods used for collecting
information for the report involve 4 main activities. These activities help in
estimating the current size of the Material Handling Equipment Telematics
market. Thorough secondary research was conducted to collect information on the
Material Handling Equipment Telematics market, such as new technologies coming
into the market, and components connected with this market. Then the collected
information was validated with experts from the automotive industry across all
the value chains through primary researches. Both top-down and bottom-up
approaches were used for estimating the market size.
The secondary research includes
collecting data from sources such as government publications such as
country-level automotive associations and organizations, World Bank, Eurostat,
Organization for Economic Co-operation and Development (OECD), and CDC;
regulatory and corporate filings such as SEC filings, annual reports, investor
presentations, and business magazines, financial statements, press releases,
and research journals, free and paid automotive databases such as Organization
International des Constructer’s d’Automobiles (OICA), Marlines, etc., and
trade, business, and professional associations. The secondary data collected
was then analyzed to predict the overall size of the market which was later
validated with primary research.
Thorough primary research was done
after getting a clear picture of the Material Handling Equipment Telematics
market through secondary research. Many market experts were interviewed for the
primary research from both the supply-side players and demand-side players and
across four major regions, namely, Europe, North America, Asia Oceania, and the
Rest of the World. Apart from the interviews, primary data was collected
through mails, questionnaires, and telephonic interviews.
Growth Mapping of Material
Handling Equipment Telematics Market
The main aim of the Material
Handling Equipment Telematics report is to give the map of the growth for the Material
Handling Equipment Telematics market that will help in providing the clients
with the required information for the formulation strategies to meet their
respective business goals. The report also provides deep knowledge of the Material
Handling Equipment Telematics for the previous year as well as for the forecast
years and what the CAGR level of the market is going to be. This report is a
synopsis of what the market conditions are going to be while also giving
information regarding the market’s definition, classifications, applications,
and engagements are. This report also aims to analyze the Material Handling
Equipment Telematics market’s developments including the market improvement,
market position, and others which are usually done by the prominent players and
brands of the automotive industry. This report also consists of all the market
drivers and restraints which are obtained through SWOT analysis. The report
also has the CAGR values of the Material Handling Equipment Telematics market
for the base years 2021, the historic year 2020, and forecast years 2021-2028.
Regional Analysis of Material Handling Equipment Telematics Market
The Material Handling Equipment Telematics market report provides a study for more than 20 countries and their market players The report covers a regional and country-level analysis that covers North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The market is deeply analyzed for each region, which helps in identifying the market trends for each region, growth opportunities, and restraining factors.
For the forecast year 2021-2028,
it has been estimated that North America will the dominating market for Material
Handling Equipment Telematics. This region is expected to see growth in the automotive industry because
of the increasing population, increase in per capita income, and improvement in
living standards. There has been an increase in demand for comfort features in
vehicles and fuel-efficient vehicles which accelerates the growth of the Material
Handling Equipment Telematics market. The weight reduction of vehicles and
enhanced energy efficiency is further driving the automotive industry. The
other factors which are driving the growth of the Material Handling Equipment
Telematics market include the development of marketing analytics tools and
firmly established existing players in the market. In addition to this,
government agencies, companies, third-party administrators, etc. are
channelizing their efforts to make customer-centric automotive products which
will also contribute to the growth of the Material Handling Equipment
Telematics market in this region. Rising demand for vehicles and their parts,
increased investment by the government, new and advanced technology, and machinery,
along with the improved marketing tactics will likely cause the Material
Handling Equipment Telematics market to grow substantially.
The Asia Pacific market is estimated to grow at the highest CAGR during
the forecast period (2021-2028). This growth is driven by the increasing research
activities, growing demand for vehicles and parts, and an increasing number of
initiatives by market players for expanding their presence in the APAC, and
higher adoption of Material Handling Equipment Telematics in several APAC
countries. Improvements
in GDP per capita and infrastructure development have urbanized the region to a
greater extent turning rural areas into urban areas. The sudden surge in the
demand has caused the cities to fall into unsustainable consumption models. The
top key players in the Material Handling Equipment Telematics market are located
in the region. China and
India are expected to offer significant growth opportunities for players
operating in the Material Handling Equipment Telematics market, owing to the
growing support from government bodies, increasing demand for new vehicles with
special features, and the presence of less-stringent regulations and data
requirements (as compared to developed countries) in their respective
healthcare systems.
Competitive Landscape of Material Handling Equipment Telematics Market
The report provides a competitive landscape on both the
quantitative as well as qualitative research of Material Handling Equipment
Telematics market. The report also provides detailed insights on the
development methods used by the key market players. The report offers deep
research on the key market players and details on the competitiveness of these
players. The main business strategies used by these players such as mergers and
acquisitions (M&A), collaborations, affiliations, and contracts are also
and analyzed in the report. For each competitor, the report studies their
global presence, service offerings, competitors, and specification. The main
players covered by the study on the global Material Handling Equipment
Telematics market are: TomTom International BV, ORBCOMM, MiX Telematics,
Teletrac Navman US Ltd., Omnitracs, and Zonar Systems.
The Report Provides Insights on The Following Pointers:
● It
gives a forecast analysis of factors that are driving or restraining the
development of the Material Handling Equipment Telematics market.
● The
report gives a seven-year forecast value evaluated on the basis of the current
market performance of the automotive industry.
● It
helps in understanding the main segments of the products and their future.
● The
report gives a deep analysis of changing competition in the market which keeps
you ahead of your competitors.
● The report gives the market
definition of the Material Handling Equipment Telematics market along with the
analysis of different factors influencing the market such as drivers,
opportunities, and restraints.
The Report Answers Questions Such As:
● What is the potential opportunity
for the Material Handling Equipment Telematics market?
● What are the major drivers,
restraints, and opportunities of the Material Handling Equipment Telematics
market?
● What is the market share of the
leading segments and sub-segments of the Material Handling Equipment Telematics
market in the forecast period (2021-2028)?
● How did the Material Handling
Equipment Telematics market evolve?
● How each segment of the Material
Handling Equipment Telematics market is expected to grow during the forecast
period?
● What is the expected revenue to be
generated by each of the segments by the end of 2028?
● What are the key development
strategies implemented by the key players to stand out in this Material
Handling Equipment Telematics market?
● What is the preferred business
model used for building Material Handling Equipment Telematics?
● Which area of application is
expected to be the highest revenue generator in the Material Handling Equipment
Telematics market during the forecast period?
● Which end-user segment is expected
to be the highest revenue generator in this industry during the forecast period?
● What is the potential of Material
Handling Equipment Telematics market in the emerging countries during the
forecast period?
TomTom International BV
ORBCOMM
MiX Telematics
Teletrac Navman US Ltd.
Omnitracs
Zonar Systems