Title: Odometer Market Expects Asia-Pacific’s Tightening Regulations to Spur Fastest Growth Till 2021
1Odometer Market -Forecast (2017-2022)
By Type of vehicles (Bicycles, Two-Wheelers,
Three-Wheelers, Four Wheelers), By odometer Type
(Mechanical, Electronic, Hybrid)
2- The Odometer Market deals with the development of
a device which ascertains the distance traversed
by a corresponding vehicle. The odometer, also
termed as milometer in some countries, used to be
totally mechanical. But recent technological
advances have led to the widespread utilization
of the digital odometer. - Some car odometer variants are even a combination
of mechanical and digital. The technology
developed by the Odometer Market enables the
computation of distance travelled by a vehicle.
An odometer reading is obtained by monitoring and
keeping a count of the number of wheel rotations
times the circumference of the tire. In recent
years, an odometer statement is also being
derived through GPS technology, which is
considered to be more precise, consistent and
accurate.
3Scope Regional Forecast of the Odometer
Market A GPS device equipped with an odometer
mode is particularly advantageous as it has the
ability to function as, both, a speedometer and
an odometer. Thanks to the RD undertaken by the
Odometer Market, such a device is not only
affordable, but also eliminates the possibility
of odometer rollback or tampering to a large
degree. The penetration of the odometer device is
highest among four wheel vehicles when compared
to other vehicle types. If we dig a little deeper
among the various odometer varieties, the
electronic has swiftly turned out to be the most
popular variant in use.
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4Segmentations Key Players Involved in the
Odometer Market According to IndustryARC
findings, the Odometer Market can be broken down
into various segmentations on the basis of
Type of Vehicle Bicycles, Two-Wheelers,
Three-Wheelers and Four Wheelers. Type
Mechanical, Electronics and Hybrid. Geography
North America, Europe, Asia-Pacific, South
America, Middle East and Africa.
5- Some of the key players involved in the Odometer
Market according to IndustryARC are as follows - Stewart-Warner Corporation
- OBD Auto Diagnostic Equipment Co.,Ltd
- Ufodiag Electrics Co., Ltd
- Konarak Industria Pvt Ltd.
- Fcl (h K) Industrial Co., Limited
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