Global Commercial Vehicle Remote Diagnostics Market will Showcase Negative Impact During 2020-2024 | Cost Savings for Fleet Operators to Boost Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global commercial vehicle remote diagnostics market size and it is poised to grow by USD 2.17 billion during 2020-2024, progressing at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Continental AG, Eaton Corporation Plc, Geotab Inc., Marelli Holdings Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Trimble Inc., Vector Informatik GmbH, Vidiwave Ltd., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Cost savings for fleet operators using remote diagnostics has been instrumental in driving the growth of the market. However, the high cost involved in fleet tracking might hamper market growth.

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Commercial Vehicle Remote Diagnostics Market 2020-2024: Segmentation

Commercial Vehicle Remote Diagnostics Market is segmented as below:

• Application
  • LCVs
  • M And HCVs
• Geographic Landscape
  • North America
  • APAC
  • Europe
  • South America
  • MEA

Commercial Vehicle Remote Diagnostics Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial vehicle remote diagnostics market report covers the following areas:

• Commercial Vehicle Remote Diagnostics Market Size
• Commercial Vehicle Remote Diagnostics Market Trends
• Commercial Vehicle Remote Diagnostics Market Industry Analysis

This study identifies the increased adoption of commercial vehicle telematics as one of the prime reasons driving the Commercial Vehicle Remote Diagnostics Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Commercial Vehicle Remote Diagnostics Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist commercial vehicle remote diagnostics market growth during the next five years
• Estimation of the commercial vehicle remote diagnostics market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial vehicle remote diagnostics market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of commercial vehicle remote diagnostics market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• LCVs - Market size and forecast 2019-2024
• M and HCVs - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Continental AG
• Eaton Corporation Plc
• Geotab Inc.
• Marelli Holdings Co. Ltd.
• Robert Bosch GmbH
• Samsung Electronics Co. Ltd.
• Trimble Inc.
• Vector Informatik GmbH
• Vidiwave Ltd.
• ZF Friedrichshafen AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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