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Global Electronic Logging Device (ELD or E-Log) Market Status (2024 - 2031) And Forecast By Region, Product & End - Use

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The "Electronic Logging Device (ELD or E-Log) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Electronic Logging Device (ELD or E-Log) market is expected to grow annually by 7.3% (CAGR 2024 - 2031).

This entire report is of 196 pages.

Electronic Logging Device (ELD or E-Log) Introduction and its Market Analysis

The Electronic Logging Device (ELD or E-Log) market research reports indicate a growing demand for these devices due to regulatory requirements, safety concerns, and efficiency benefits in the transportation industry. The target market for ELDs includes commercial trucking companies, fleet operators, and logistics firms. Key factors driving revenue growth in the ELD market are the need for compliance with ELD mandate regulations, increasing adoption of technology in the transportation sector, and the focus on improving operational efficiency. Major players in the market such as OneView, KeepTruckin, EROAD, and FleetUp are continually innovating to meet the evolving needs of customers. The main findings of the report suggest a sustained growth trajectory for the ELD market, with recommendations for companies to invest in product development and customer service to stay competitive.

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The Electronic Logging Device (ELD or E-Log) market is experiencing rapid growth, driven by the increasing need for efficiency and compliance in the transportation industry. ELDs, which are used to track Hours of Service (HOS), Driver Vehicle Inspection Reporting, and Driver Identification, are being adopted across various sectors such as trucks, taxis, buses, and others.

Regulatory and legal factors play a crucial role in shaping the market conditions for ELDs. Mandates such as the Federal Motor Carrier Safety Administration's ELD rule have made it mandatory for commercial vehicles to use electronic logging devices, driving the demand for compliance solutions. As a result, the ELD market is expected to continue to expand, with a focus on ensuring safety, accuracy, and regulatory compliance in the transportation industry.

Top Featured Companies Dominating the Global Electronic Logging Device (ELD or E-Log) Market

The Electronic Logging Device (ELD or E-Log) market is highly competitive with a number of key players vying for market share. Some of the leading companies in the ELD market include OneView, KeepTruckin, EROAD, FleetUp, Gorilla Safety, Big Road, InTouch GPS, Telogis, PeopleNet, Omnitracs, and Geotab.

These companies offer a range of ELD solutions that help fleet operators comply with FMCSA regulations while also providing additional features such as GPS tracking, driver behavior monitoring, and vehicle maintenance alerts. By leveraging advanced technology and data analytics, these companies provide comprehensive solutions that improve fleet efficiency, reduce costs, and enhance overall safety.

For example, KeepTruckin offers a user-friendly ELD platform with features such as real-time GPS tracking and automated log auditing. EROAD provides ELD solutions with integrated IFTA reporting and electronic tax compliance. FleetUp offers ELD systems with advanced driver performance monitoring capabilities.

These companies are helping to grow the ELD market by continuously innovating their products and services to meet the evolving needs of fleet operators. With the increasing focus on regulatory compliance and fleet optimization, the demand for ELD solutions is expected to continue to rise.

In terms of sales revenue, some of the above-listed companies have reported strong growth in recent years. For example, KeepTruckin reported a revenue of $50 million in 2020, while Geotab reported a revenue of over $200 million in the same year. These figures highlight the significant market opportunity in the ELD space and the potential for further growth in the coming years.

  • OneView
  • KeepTruckin
  • EROAD
  • FleetUp
  • Gorilla Safety
  • Big Road
  • InTouch GPS
  • Telogis
  • PeopleNet
  • Omnitracs
  • Geotab

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Electronic Logging Device (ELD or E-Log) Market Analysis, by Type:

  • Hours of Service(HOS)
  • Driver Vehicle Inspection Reporting
  • Driver Identification

There are several types of Electronic Logging Devices (ELD or E-Log) that offer various functionalities such as Hours of Service (HOS) tracking, Driver Vehicle Inspection Reporting, and Driver Identification. HOS functionality ensures drivers comply with regulations, while DVIR helps in maintaining vehicle safety. Driver Identification feature enhances security and accountability. These functions collectively streamline operations, improve efficiency, and ensure compliance with regulatory requirements, boosting the demand for ELDs in the market. This increased demand is largely driven by the need for improved fleet management, increased safety, and operational efficiency.

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Electronic Logging Device (ELD or E-Log) Market Analysis, by Application:

  • Truck
  • Taxi
  • Bus
  • Others

The application of Electronic Logging Device (ELD or E-Log) is widely used in the transportation industry for trucks, taxis, buses, and other commercial vehicles to monitor and record driving hours, improve driver safety, and ensure compliance with regulations. ELDs are used to automatically record a driver's driving time, engine hours, vehicle movement, and location, eliminating the need for manual paper logs. The fastest-growing application segment in terms of revenue is the trucking industry, as more and more fleets are adopting ELDs to increase efficiency and reduce the risk of non-compliance fines.

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Electronic Logging Device (ELD or E-Log) Industry Growth Analysis, by Geography:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The Electronic Logging Device (ELD or E-Log) market is experiencing significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market with a market share of around 40%, followed by Europe with a market share of 25%. Asia-Pacific is also expected to witness substantial growth in the ELD market, with a projected market share of 20%. Latin America and Middle East & Africa are expected to capture smaller market shares of around 10% each. This growth is driven by increasing government regulations and the need for efficient fleet management solutions.

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