China’s commercial vehicle (CV) telematics market is at the introduction stage, with government initiatives boosting the market growth. Nevertheless, price of the product is the greatest restraint that deters the adoption of the telematics solution.
Tourist bus, coach, vehicles transporting dangerous goods, tractor unit and heavy duty truck (these vehicles are so-called focal vehicles) have the biggest opportunity as the government is primarily encouraging the use of telematics solutions on these vehicles.
The industry is fragmented where competition is low. There is plenty of room to grow as only% of the operating CVs have installed telematics system by 2013.
Embedded solutions have penetrated about % of the market, while portable solutions account for about %.
The installed base is expected to grow % annually from 2013 to 2021 because of the government initiatives and operation needs.
About this report
The aim of this research is to provide a strategic analysis of the commercial vehicle telematics market in China. The study provides a strategic review of the market dynamics and trends, which in turn determine the opportunities and challenges in the industry. The study determines the business models of the industry and their product and service roadmap; it also provides recommendations on which local firms are most suitable to form partnerships in the supply chain. The study also provides a detailed analysis of the market participants, and provides a picture of the industry’s competitive intensity. The base year of the study is 2013 and the forecast period is 2014–2021.
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