ELD Market Growth Driven by Europe Despite Driver Shortages
- Market size for electronic logging devices (ELDs) expected to grow by $3.17 billion from 2022-2027 at a CAGR of 4.69%
- Europe estimated to account for 54% of global ELDs market growth
- Increasing manufacturing and logistics infrastructure driving demand in Europe
- Use of analytics with ELDs an emerging trend to gain fleet insights
- Shortage of drivers due to ELD usage limits a challenge for market growth