Automotive sector

The decline of the automotive sector due to the significant impact of the Covid-19 pandemic on the off-road vehicle telematics market

Off-Road Vehicle Telematics

#3200, SEATTLE, WASHINGTION, USA, February 18, 2022 /EINPresswire.com/ โ€” The global off-road vehicle (ORV) telematics market is estimated to be worth US$116.3 million in 2019 and is expected to grow at a CAGR of 13.3% during the forecast period 2019-27.

Market dynamics:

Rising cost of fuel is expected to propel the growth of the global off-road vehicle (ORV) telematics market. For example, according to Indian Oil, the cost of diesel in India was $0.92/litre in June 2019, and rose to $1.03/litre in November 2020.

Among the regions, Europe is expected to witness a decline in the off-road vehicle (ORV) telematics market, due to the emergence of Covid-19 which has led to a decline in the automotive sector.

For example, in April 2020, Kia Motors announced that its South Korea-based compact vehicle subcontractor had suspended production. Moreover, the market in Europe is also witnessing several M&A activities.

For example, in April 2019, Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation, acquired TomTom Telematics, a subsidiary of TomTom International BV for $1 billion.

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https://www.coherentmarketinsights.com/insight/request-sample/3700

Road Vehicle Telematics (VHR) collects data from a variety of sources, including traffic lights and traffic signs. It finds applications in agriculture, mining, construction and other industries.

In Asia-Pacific, changes in regulatory scenario are expected to drive the growth of All-Terrain Vehicle (ORV) Telematics Market. For example, in Australia, changes to the Employee Benefits Tax (FBT) laws are expected to drive the adoption of OHV telematics. Under changes to the law, the use of an FBT-exempt personal vehicle is now limited to:

Employee travel between home and work, with an additional detour of up to two kilometers also permitted
No more than 750 kilometers in total for each FBT year
Single journeys for entirely private purposes of 200 kilometers or less
The off-road vehicle (ORV) telematics market in Africa is expected to grow slowly, owing to low awareness and adoption of ORV telematics in emerging economies. Moreover, the growing reluctance of end users to change business practices is also expected to limit the market growth.

๐— ๐—ผ๐—ฟ๐—ฒ ๐—œ๐—ป๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ถ๐˜€ ๐—ฃ๐——๐—™ ๐—š๐—ฒ๐˜ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™ ๐—ฃ๐——๐—™๐—ฃ๐——๐—™
https://www.coherentmarketinsights.com/insight/request-pdf/3700

๐’‘๐’†๐’•๐’Š๐’•๐’Š๐’—๐’† ๐‘ฌ๐’๐’—๐’Š๐’“๐’๐’๐’Ž๐’†๐’๐’•:
โž› TomTom International B.V.
โž› Zonar Systems Inc.
โž› Harman International Industries Inc.
โž› Bridgestone Europe NV/SA
โž› Trackunit A/S
โž› ORBCOMM Inc.
โž› Omnitracs LLC
โž›Topcon Corporation
โž› Navman Wireless
โž› Wacker Neuson SE
โž› MiX Telematics Limited.

April 2019: ORBCOMM Inc. launches its enhanced web platform and latest telematics devices for the heavy equipment industry.

April 2019: Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation, acquires TomTom Telematics, a subsidiary of TomTom International BV for US$1 billion.

What deliverables will you get in this report?
โ‡€ In-depth analysis of the Off-Road Vehicle (ORV) Telematics Market.
โ‡€ Detailed market segmentation.
โ‡€ Analysis of the competitive landscape.
โ‡€ Historical, current and future market size analysis.
โ‡€ Industry trends, technologies and advancements.
โ‡€ Growth and operating strategies adopted by key players.
โ‡€ Potential segments/regions offering promising growth.
โ‡€ The geographical presence of key players.

๐˜๐—ต๐—ฒ ๐˜๐—ผ ๐˜๐—ผ ๐˜๐—ผ ๐˜๐—ผ ๐—”๐—ฝ๐—ฝ๐—น๐˜† ๐—”๐—ฝ๐—ฝ๐—น๐˜† @ ๐—™๐—น๐—ฎ๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @ @ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @ ๐—™๐—น๐—ฎ๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @ ๐—™๐—น๐—ฎ๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @ @ ๐—™๐—น๐—ฎ๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @ @ ๐—™๐—น๐—ฎ๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @ ๐—™๐—น๐—ฎ๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @ ๐—™๐—น๐—ฎ๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @ @ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ @ @

How is the report useful?
โžฑ The report has great utility for key decision makers and strategists in terms of accurate market insights, future growth opportunities and key success factors.

โžฑ Most importantly, the report analyzes the possible impact of COVID-19 on the market dynamics, which provides cushion against the uncertain business environment and helps streamline resources and investment decisions fruitfully.

Mr Shah
Coherent Market Insights Pvt. ltd.
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