The study encompassed four primary tasks to determine the scope of the trailer telematics market. Initially, extensive secondary research was conducted to gather data on the market, its related sectors, and overarching industries. Subsequently, primary research involving industry experts across the value chain corroborated and validated these findings and assumptions. Employing both bottom-up and top-down methodologies, the complete market size was estimated. Following this, a market breakdown and data triangulation approach were utilized to determine the size of specific segments and subsegments within the market.
Secondary Research
Secondary sources for studying the trailer telematics market directly depend on the end-use industry's growth. Trailer telematics market sales and end-use industry demand are derived through secondary sources such as the National Association of Trailer Manufacturers (NATM), North American Trailer Dealers Association (NATDA), Truck Trailer Manufacturers Association (TTMA), corporate filings such as annual reports, investor presentations, and financial statements, and paid repository. Historical production data has been collected and analyzed, and the industry trend is considered to arrive at the forecast, further validated by primary research.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts of various profiles, including CXOs, VPs, directors, etc. from business development, marketing, product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.
Primary interviews have been conducted to gather insights such as trailer telematics market sizing estimation and forecast, future technology trends, and upcoming technologies in the trailer telematics market. Data triangulation of all these points was done using the information gathered from secondary research and model mapping. Stakeholders from the demand and supply sides have been interviewed to understand their views on the points mentioned above.
Primary interviews have been conducted with market experts from the demand-side (end-use industries) and supply-side (trailer telematics providers) across three regions: Americas, Europe, and Asia Pacific. Approximately 30% and 70% of the primary interviews were conducted on the OEMs and telematics component suppliers and service providers. Primary data has been collected through questionnaires, emails, and telephonic interviews. After communicating with primaries, we have strived to cover various departments within organizations, such as sales and operations, to provide a holistic viewpoint in our report. After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This and the in-house subject matter experts' opinions have led us to the conclusions described in the remainder of this report.
Note: Others include industry experts from sales, business development, and product managers.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The bottom-up approach has followed to determine the trailer telematics market, by component (Sensors, Telematics Control unit, GPS Tracking Devices) in terms of volume. Identified the regional-level sales data for each trailer type (Refrigerated trailer, Dry Van Trailer, Flat Bed Trailer, and Others) was derived from regional-level manufacturing associations and secondary sources (company publications, articles). The sales forecast for this trailer type is based on factors such as country-wise macroeconomic indicators, emission regulations, growth in the logistics & transportation industry, GDP growth, growth in the e-commerce industry, and government spending. After identifying the regional sales of each trailer type, understand the number of components used in each trailer type. Then, multiply the number of components by the regional sales of each trailer type (Refrigerated trailer, Dry Van Trailer, Flat Bed Trailer, and Others) and give the regional component (Sensors, GPS Tracking Device,) in terms of volume.
Trailer Telematics Market : Top-Down and Bottom-Up Approach
Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in the report.
Market Definition
Trailer Telematics: Trailer Telematics is a method of monitoring trailers using GPS technology and onboard diagnostics (OBD) to plot asset movements on a computerized map. Also known as fleet tracking or GPS trailer tracking. It can provide real-time data on a trailer's operation such as fuel consumption, temperature monitoring, trailer weight, trailer location, and among others.
Stakeholders
-
Fleet Operators/Logistics Companies
-
Telematics hardware & service providers
-
Trailer Manufacturers
-
Truck Manufacturers
-
Software and Data Analytics Providers
-
Telecommunication Companies
-
Insurance companies
-
Sensor manufacturers
-
Cloud service providers
-
Government Agencies and regulatory bodies
Report Objectives
-
To segment and forecast the trailer telematics market in terms of volume (units) and value (USD million)
-
To define, describe, and forecast the trailer telematics market based
-
Component (GPS tracking device and sensors)
-
Application (transportation and logistics, healthcare & pharmaceuticals and others)
-
Offering (OEM and After Market)
-
Services (GPS tracking, cold chain monitoring, weight utilization, performance management, predictive and preventive maintenance)
-
Trailer Type (refrigerated trailers, dry van trailers, flatbed trailers and others)
-
Region (Americas, Europe, and Asia Pacific)
-
To provide detailed information regarding the major factors influencing the market growth (drivers, challenges, restraints, and opportunities)
-
To analyze technological developments impacting the market
-
To analyze opportunities for stakeholders and the competitive landscape for market leaders in the market
-
To strategically analyze markets with respect to individual growth trends, prospects, and contributions to the total market
-
To strategically analyze the supply chain analysis, ecosystem analysis, patent analysis, market quadrant matrix of key players, and case study analysis.
-
To strategically profile key players and comprehensively analyze their market shares/ market ranking and their core competencies
-
To track and analyze competitive developments such as product launches/developments, deals, and expansions undertaken by the key industry participants
Available Customizations
Along with the market data, MarketsandMarkets offers customizations in accordance with company-specific needs.
The following customization options are available for the report:
TRAILER TELEMATICS COMPONENT MARKET, BY TRAILER TYPE
-
Refrigerator Trailers
-
Flatbed Trailers
-
Dry Van Trailers
-
Others
TRAILER TELEMATICS MARKET, BY SERVICES, BY COUNTRY LEVEL
-
GPS Tracking
-
Cold Chain Monitoring
-
Weight Utilization
-
Performance Management
-
Predictive And Preventive Maintenance
Growth opportunities and latent adjacency in Trailer Telematics Market