Electronic Logging Device Market Expected to Surpass a Valuation of USD 16 Billion by 2025 – MarketWatch

Jul 15, 2019 (Heraldkeepers) — Electronic Logging Device Market is expected to reach over USD 16 billion by 2025. These devices gained wide importance with…Backlinks Image For Post

Jul 15, 2019 (Heraldkeepers) — Electronic Logging Device Market is expected to reach over USD 16 billion by 2025. These devices gained wide importance with the growing government mandates for driver’s hours of service. Developed countries, such as the U.S., have enforced regulations to keep track of the driving hours, vehicle condition, and many other parameters.

The electronic logging device market is anticipated to grow in the future due to stringent government regulations to integrate these devices in countries such as the U.S. and European countries. The U.S. came up with the ELD mandate rule, which came into effect in December 2017, while Europe made the digital tachographs mandatory for commercial vehicles with GVWR more than 3.5 tons since 2006. The growing need to increase the operational efficiency in fleet management services is pushing the implementation of these devices in several commercial vehicles.

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The electronic logging device market despite the growing popularity is witnessing some challenges, which can hamper the growth considerably. The ELD mandate in the U.S. even after a year of going into effect has faced growing resistance from drivers. The Federal Motor Carrier Safety Administration did not provide the necessary training to law enforcement officers till November 2018.

Electronic Logging Device Market Expected to Surpass a Valuation of USD 16 Billion by 2025 - MarketWatch https://www.marketwatch.com/press-release/electronic-logging-device-market-expected-to-surpass-a-valuation-of-usd-16-billion-by-2025-2019-07-15

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