DUBLIN–(BUSINESS WIRE)–The “Global Heavy-duty Trucks On-board Diagnostics System Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering. The heavy-duty trucks on-board diagnostics system market will register a CAGR of over 4% by 2023.
Rising cost pressure due to price fluctuation of fuel and inefficiency of fleet operation have become crucial challenges for fleet operators to tackle. For efficient cost management, fleet operators are adopting cost optimization strategies that allow them to reduce the TCO to an extent.
Innovations and improvements to the vehicle engine can help optimize fuel consumption and enhance fleet management efficiency. The use of advanced transmission design and technology add to the new ways of achieving better mileage and fuel efficiency. As OBD helps monitor vehicle components, the data generated by each component is a valuable source of information to improve the component’s design parameters.
UBI model to drive the need for OBD
UBI is a service wherein the insurer is charged based on information collected by the vehicles’ OBD system about the driving style of the driver and many other parameters such as driving speed and distance driven. Using UBI, insurance companies can create risk profiles for the insurers based on the data from OBD systems.
High cost of vehicle telematics services
In addition, the high cost of automobile-embedded telematics makes it difficult for manufacturers to keep their product prices low. However, in the current price-sensitive market, where customers are looking for products that give them maximum value for money, it has become difficult for manufacturers to shift the pricing pressure onto their customers. Therefore, manufacturers are compelled to keep their margins low.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Key Players
- Continental AG
- Detroit Diesel Corporation
- Robert Bosch GmbH
- Vector Informatik GmbH
- WABCO Holdings Inc.
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY GROSS VEHICLE WEIGHT RATING
- Comparison by gross vehicle weight rating
- Class 8 - Market size and forecast 2018-2023
- Class 7 - Market size and forecast 2018-2023
- Market opportunity by gross vehicle weight rating
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Emergence of truck platooning
- Prognostic systems offer untapped revenue source to commercial vehicle OEMs
- Growing popularity of fleet management solutions in logistics sector
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Continental AG
- Detroit Diesel Corporation
- Robert Bosch GmbH
- Vector Informatik GmbH
- WABCO Holdings Inc.
For more information about this report visit https://www.researchandmarkets.com/research/mfmh7l/global_heavyduty?w=4