“Indian Vehicle Tracking and Fleet Management Market
“Indian Vehicle Tracking and Fleet Management Market, 2013-17 (2nd Edition, June 2013)”:
• Indian Vehicle Tracking Market is set to double in size by 2017
• Growth in many key vertical markets is unaffected by current economic downturn
• Grass roots activism is driving the political agenda for public transport security
• Vehicle tracking and fleet management market growth is set to accelerate after the 2014 elections
As per the source, this report investigates opportunities in the vehicle tracking and fleet management sector in light of economic and policy development in India in late 2012 and the first half of 2013. Implications of recent changes to laws governing foreign investment in retail, tax reform, the policy response to the Delhi bus rape, and the Spring 2013 budget are all covered in the new edition, and are used to inform scenarios and forecasts to 2017.
According to the report, a key conclusion is that the long term opportunity for vehicle tracking and fleet management in Asia’s third largest economy is too large to ignore with long term sustainable growth guaranteed even under the least favorable market scenario. In the run up to the 2014 national elections, investors, fleet managers and operators remain cautious and this is acting to dampen short term demand. There are however numerous cases of successful and innovative tracking solutions being deployed throughout the country. The new TRN report shows that in the current tough economic climate there are important opportunities in many of the 12 vertical market sectors which are analysed in depth.
The other key findings of the report include:
• India’s infrastructure investment plans of nearly US$1 trillion over the coming five years including planned construction of an additional 15,000 km of highway by 2017 will drive demand growth for tracking and fleet management throughout India.
• Within the addressable market of one million commercial vehicles in 2013, vertical market segments
• Indian Vehicle Tracking Market is set to double in size by 2017
• Growth in many key vertical markets is unaffected by current economic downturn
• Grass roots activism is driving the political agenda for public transport security
• Vehicle tracking and fleet management market growth is set to accelerate after the 2014 elections
As per the source, this report investigates opportunities in the vehicle tracking and fleet management sector in light of economic and policy development in India in late 2012 and the first half of 2013. Implications of recent changes to laws governing foreign investment in retail, tax reform, the policy response to the Delhi bus rape, and the Spring 2013 budget are all covered in the new edition, and are used to inform scenarios and forecasts to 2017.
According to the report, a key conclusion is that the long term opportunity for vehicle tracking and fleet management in Asia’s third largest economy is too large to ignore with long term sustainable growth guaranteed even under the least favorable market scenario. In the run up to the 2014 national elections, investors, fleet managers and operators remain cautious and this is acting to dampen short term demand. There are however numerous cases of successful and innovative tracking solutions being deployed throughout the country. The new TRN report shows that in the current tough economic climate there are important opportunities in many of the 12 vertical market sectors which are analysed in depth.
The other key findings of the report include:
• India’s infrastructure investment plans of nearly US$1 trillion over the coming five years including planned construction of an additional 15,000 km of highway by 2017 will drive demand growth for tracking and fleet management throughout India.
• Within the addressable market of one million commercial vehicles in 2013, vertical market segments