Dublin, Dec. 16, 2024 (GLOBE NEWSWIRE) -- The "Global Construction Equipment OEM Telematics Market -7th Edition" report has been added to ResearchAndMarkets.com's offering.
The global installed base of active construction equipment OEM telematics systems reached 6.8 million units in 2023. Growing at a compound annual growth rate (CAGR) of 12%, the active installed base is forecasted to reach 12.1 million units worldwide in 2028. This includes all CE telematics systems marketed by construction equipment OEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players. The European market accounted for around 0.9 million active construction equipment OEM telematics systems at the end of 2023.
The North American market is estimated to be somewhat larger than the European. The Rest of World moreover represents more than half of the global installed base of CE telematics systems provided by construction equipment OEMs.
12.1 million active construction equipment OEM telematics systems forecast by 2028
Most major construction equipment OEMs have introduced telematics offerings for their customers either independently or in collaboration with telematics partners. OEM telematics systems are today commonly factory-installed as standard at least for heavier machines and increasingly also for compact equipment. Caterpillar is ranked as the leading construction equipment OEM in terms of the number of CE telematics systems deployed worldwide. Caterpillar - which is also by far the leading construction equipment manufacturer by market share - has well over 1 million connected assets in the construction equipment segment specifically. Based in the US, Caterpillar's largest markets for its telematics offerings are North America and Europe. The runners-up are SANY and Komatsu based in China and Japan respectively, both major players on the respective domestic markets.
Komatsu also has relatively large shares of its telematics units in North America, China and Europe. Other major players with several hundred thousand active CE telematics units include Sweden-based Volvo Construction Equipment, XCMG and Zoomlion in China, Japan-based Hitachi Construction Machinery and JCB headquartered in the UK. Deere & Company, HD Hyundai and Doosan Bobcat are also estimated to have reached the milestone of 100,000 units. Additional players having estimated installed bases of construction equipment telematics units in the tens of thousands include Liebherr, Terex, JLG Industries, CNH Industrial and Tadano.
Highlights from the report
- Insights from numerous interviews with market-leading companies.
- New data on construction equipment sales and market shares.
- Comprehensive overview of the construction equipment telematics value chain and key applications.
- In-depth analysis of market trends and key developments.
- Updated profiles of 28 construction equipment OEMs and their telematics offerings.
- Market forecasts by region lasting until 2028.
This report answers the following questions
- Which are the main telematics systems offered by construction equipment manufacturers?
- Which are the key construction equipment telematics applications?
- What business models are used by OEMs offering telematics?
- Which OEM telematics offerings are powered by telematics partners?
- Are there regional variations on the global market for construction equipment telematics?
- How will the construction equipment OEM telematics market evolve in the future?
- Which CE manufacturers have developed their telematics offerings in-house?
Key Topics Covered:
1 Construction Equipment Telematics Solutions
1.1 Introduction to CE telematics
1.2 CE telematics infrastructure
1.2.1 CE segment
1.2.2 GNSS segment
1.2.3 Network segment
1.2.4 Backoffice segment
1.2.5 OEM/dealer segment
1.3 Construction equipment management
1.3.1 Machine location tracking and status monitoring
1.3.2 Security tracking and intervention
1.3.3 Remote diagnostics, preventive maintenance and machine health prognostics
1.4 Equipment operator management
1.4.1 Collection of operator-related data
1.4.2 Interaction with operators in the field
1.4.3 Video-based operator monitoring
1.5 Worksite management
1.5.1 Worksite optimisation and site reporting
1.5.2 Tracking of accessories, tools and other low-value items
1.5.3 Integration with auxiliary systems
1.6 Business models
2 Market Forecasts and Trends
2.1 Market analysis
2.1.1 The global construction equipment market
2.1.2 The installed base of construction equipment OEM telematics systems
2.1.3 Construction equipment OEM telematics vendor market shares
2.1.4 Variations on the global CE telematics market
2.2 Market drivers and barriers
2.2.1 Macroeconomic environment
2.2.2 Regulatory environment
2.2.3 Competitive environment
2.2.4 Technology environment
2.3 Value chain analysis
2.3.1 Construction equipment industry players
2.3.2 Telematics industry players
2.3.3 Telecom industry players
2.3.4 IT industry players
2.4 Future industry trends
3 Company Profiles
- Caterpillar
- CNH Industrial
- Deere & Company
- Doosan Bobcat
- HD Hyundai Construction Equipment
- HD Hyundai Infracore
- Hitachi Construction Machinery
- JCB
- Komatsu
- Liebherr
- Volvo Construction Equipment
Other construction equipment OEMs
- Bell Equipment
- BOMAG
- JLG Industries
- Kobelco
- Kubota
- Link-Belt Cranes and LBX (Sumitomo)
- LiuGong
- Mahindra & Mahindra
- Manitowoc
- Mecalac
- SANY
- Tadano
- Takeuchi
- Terex
- Wacker Neuson
- XCMG
- Zoomlion
For more information about this report visit https://www.researchandmarkets.com/r/uutflj
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