11 Million Active Construction Equipment OEM Telematics Systems are Forecast by 2027
The Global Construction Equipment OEM Telematics Market is the sixth consecutive report analysing the latest developments on the market for OEM-provided construction equipment telematics systems. This strategic research report provides you with unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.
The analyst has found that the global installed base of active construction equipment OEM telematics systems reached 6.2 million units in 2022. Growing at a compound annual growth rate (CAGR) of 12%, the active installed base is forecasted to reach 11 million units worldwide in 2027. 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 2022. 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.
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. The analyst ranks Caterpillar 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 China, North America and Europe. Other major players with several hundred thousand active CE telematics units include Sweden-based Volvo Construction Equipment, XCMG in China, JCB headquartered in the UK and Japan-based Hitachi Construction Machinery. Deere & Company, HD Hyundai and Doosan Bobcat are also estimated to have reached the milestone of 100,000 units. Additional players having 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 27 construction equipment OEMs and their telematics offerings
- Market forecasts by region lasting until 2027
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 CE manufacturers have developed their telematics offerings in-house?
- 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?
Who should read this report?
The Global Construction Equipment OEM Telematics Market is the foremost source of information about the market for OEM-provided construction equipment telematics systems. Whether you are an equipment manufacturer, telematics vendor, telecom operator, investor, consultant, or government agency, you will gain valuable insights from this in-depth research.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bell Equipment
- BOMAG
- Caterpillar
- CNH Industrial
- Deere & Company
- Doosan Bobcat
- Genie
- HD Hyundai
- Hitachi Construction Machinery
- JCB
- JLG Industries
- Kobelco
- Komatsu
- Kubota
- Liebherr
- Link-Belt Cranes and LBX (Sumitomo)
- LiuGong
- Mahindra & Mahindra
- Manitowoc
- Mecalac
- SANY
- Tadano
- Takeuchi
- Terex
- Volvo Construction Equipment
- Wacker Neuson
- XCMG
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 135 |
Published | December 2023 |
Forecast Period | 2022 - 2027 |
Estimated Market Value in 2022 | 6.2 Million Units |
Forecasted Market Value by 2027 | 11 Million Units |
Compound Annual Growth Rate | 12.0% |
Regions Covered | Global |