Odometer Market: growing demand for odometer car units in automotive industry by 2021

Press Release   •   Nov 10, 2016 05:29 EST

The odometer is a device that is used to measure the distance travelled by the vehicle. In some parts of the globe, these are also called as milometer or mileometer. There is rise in production of odometers with fast growing automotive sector. There is high scope for the Odometer Market in various regions across the globe during 2016-2021.

Scope and Regional Forecast of the Odometer Market:

According to the IndustryARC research analysis studies on the Odometer Market, the hybrid odometer is the combination of mechanical and electrical odometer and currently highly used in the automotive industry.

North America and Europe are the leading regions in the Odometer Market with high market shares of revenue as per the IndustryARC research analytics. Asia Pacific is expected to have higher growth during 2016-2021.

The advancement in the automotive industry and growing production of vehicles in the countries such as U.S. India, China, Japan, and Germany is anticipated to drive the production rate high in the Odometer Market. The GPS is highly serving as odometer with high precision and accuracy during 2016-2021.

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The Odometer Market is a fast growing market with high utilization of odometer reading equipment in any vehicle in the automotive industry in various regions across the globe. This market is anticipated to have high growth owing to the rise in utilization of vehicle odometer in various automobiles for odometer mileage measurement, growth in production of mechanical odometer and other modern car odometer units and increasing expenditure for providing accurate odometer check without odometer tampering in vehicles in various regions across the globe during 2016-2021.

Segmentation and Key Players of the Odometer Market:

The Odometer Market is segmented into various categories in the IndustryARC marketing research report by type of vehicle, by type and by geography as follows:

By type of vehicle: Bicycles, Two-Wheelers, Three-Wheelers and Four Wheelers

By type: Mechanical, Electronics and Hybrid

By geography: North America, South America, Europe, Asia Pacific and ROW

The key players in the Odometer Market according to the IndustryARC research report are as follows:

  • OBD Auto Diagnostic Equipment Co., Ltd.
  • Hae Tech Co. Ltd.
  • Odometer Gears

There is high demand for hybrid odometer car units in the automotive industry with GPS set up in the vehicles for accuracy in various regions across the globe during 2016-2021.

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