Material Handling Equipment Telematics Markets in North America and Europe, Forecast to 2027

Europe and North America are Largely on Similar Development Trajectories

How will the material handling equipment telematics systems market evolve in 2023 and beyond? This report covers the latest trends and developments in the dynamic telematics industry. The analyst forecasts that the installed base of material handling equipment telematics systems in Europe and North America will grow at a CAGR of 17% from 1.4 million units at the end of 2022 to 3.2 million units by 2027. Get up to date with the latest information about vendors, products, and markets.

Installed Base of Material Handing Equipment Telematic Systems

Equipment manufacturers and aftermarket providers alike have offered material handling equipment (MHE) telematics systems for decades. An increasing share of material handling equipment such as forklifts are now equipped with telematics-enabled fleet management systems. The analyst estimates that the installed base of active material handling equipment telematics systems in Europe will reach more than 0.9 million units in 2022. Growing at a compound annual growth rate (CAGR) of 16.6%, the active installed base is forecasted to reach 2.0 million units in Europe by 2027. In North America, the installed base of active material handling equipment telematics systems is estimated to be over 0.5 million units in 2022. The active installed base is forecasted to grow at a compound annual growth rate (CAGR) of 17.8% to reach 1.2 million material handling equipment telematics systems in North America in 2027.

The analyst ranks Linde Material Handling (KION Group) and Toyota Material Handling (Toyota Industries) as the largest providers of material handling equipment telematics solutions. Including the sister brands STILL (KION Group) and Raymond (Toyota Industries) respectively, both groups have installed bases of several hundred thousand units deployed on forklifts and similar. Toyota Industries and KION are also established as the leading manufacturers of forklifts in terms of global market share.

Additional top players include Jungheinrich and Crown Equipment, both having estimated installed bases of over 100,000 active units, followed by Speedshield Technologies which is primarily a supplier to Hyster-Yale Group (HYG). Other leading aftermarket solution providers include Powerfleet and GemOne. Diverse players such as Davis Derby, EC2E, Collective Intelligence, Komatsu, Litum, Kiwitron, and ELOKON are also active in this space, all having installed bases of more than 10,000 units for material handling equipment such as forklifts.

An increasing share of material handling equipment such as forklifts are now equipped with telematics-enabled fleet management systems. Europe and North America represent advanced telematics markets in this segment. The analyst estimates that the installed base of active material handling equipment telematics systems in Europe will reach more than 0.9 million units in 2022. Growing at a compound annual growth rate (CAGR) of 16.6%, the active installed base is forecasted to reach 2.0 million units in Europe by 2027. In North America, the installed base of active material handling equipment telematics systems is estimated to be over 0.5 million units in 2022. The active installed base is forecasted to grow at a compound annual growth rate (CAGR) of 17.8% to reach 1.2 million material handling equipment telematics systems in North America in 2027.

“Equipment manufacturers and aftermarket providers alike have offered material handling equipment telematics systems for decades”, states the senior analyst of the research report. He ranks Linde Material Handling (KION Group) and Toyota Material Handling (Toyota Industries) as the largest providers of material handling equipment telematics solutions. Including the sister brands STILL (KION Group) and Raymond (Toyota Industries) respectively, both groups have installed bases of several hundred thousand units deployed on forklifts and similar. “Toyota Industries and KION are also established as the leading manufacturers of forklifts”, he continues. Additional top players include Jungheinrich and Crown Equipment, both having estimated installed bases of over 100,000 active units, followed by Speedshield Technologies which is primarily a supplier to Hyster-Yale Group (HYG). Other leading aftermarket solution providers include Powerfleet and GemOne. “Diverse players such as Davis Derby, EC2E, Collective Intelligence, Komatsu, Litum, Kiwitron and ELOKON are also active in this space, all having installed bases of more than 10,000 units for material handling equipment such as forklifts”, he concludes.

Highlights from the report:

Insights from numerous interviews with market-leading companies.
Introduction to material handling equipment and associated telematics solutions.
Comprehensive overview of the material handling equipment telematics value chain.
In-depth analysis of market trends and key developments.
Profiles of 22 companies offering material handling equipment telematics solutions.
Market forecasts by region lasting until 2027.

This report answers the following questions

What different players are involved in the material handling equipment telematics value chain?
Which are the major specialized providers of MHE telematics solutions?
What offerings are available from the material handling equipment OEMs?
What differences are there between the European and North American markets?
What are the price levels for material handling equipment telematics solutions?
Which trends and drivers are shaping the market?
How will the material handling equipment telematics industry evolve in the future?

Executive Summary

1 Material Handling Equipment and Telematics Solutions

1.1 Introduction to material handling
1.2 Material handling equipment
1.2.1 Forklifts and other material handling equipment types
1.2.2 Material handling equipment manufacturers
1.3 Material handling equipment telematics & fleet management solutions
1.3.1 Efficiency
1.3.2 Safety
1.3.3 Compliance

2 Forecasts and Conclusions

2.1 Market analysis
2.1.1 Major material handling equipment telematics solution providers
2.1.2 The installed base of material handling equipment telematics solutions
2.2 Market trends and drivers
2.2.1 Europe and North America are largely on similar development trajectories
2.2.2 Forklift manufacturers dominate the MHE telematics space in terms of volume
2.2.3 Aftermarket players raise the bar for advanced solutions together with OEMs
2.2.4 Multiple connectivity technologies co-exist in the field of material handling
2.2.5 Limited consolidation so far in the material handling telematics market
2.2.6 Business models in the MHE telematics space mirror adjacent markets
2.2.7 SaaS expected to grow at the expense of legacy pricing models

3 Company Profiles

3.1 OEM products and strategies
3.1.1 Cargotec
3.1.2 Crown Equipment
3.1.3 Hyundai Material Handling
3.1.4 Jungheinrich
3.1.5 Komatsu
3.1.6 Linde Material Handling (KION Group)
3.1.7 Raymond (Toyota Industries)
3.1.8 STILL (KION Group)
3.1.9 Toyota Material Handling (Toyota Industries)
3.2 Aftermarket solution providers
3.2.1 Collective Intelligence
3.2.2 Davis Derby
3.2.3 EC2E
3.2.4 ELOKON
3.2.5 GemOne
3.2.6 Kenco
3.2.7 Kiwitron
3.2.8 Litum
3.2.9 Powerfleet
3.2.10 RCT
3.2.11 SIERA.AI
3.2.12 Speedshield Technologies
3.2.13 Trio Mobil

List of Acronyms and Abbreviations

List of Figures

Figure 1.1: Schematic overview of material handling in warehouse logistics
Figure 1.2: Overview of material handling application areas
Figure 1.3: Examples of material handling equipment
Figure 1.4: Overview of various lift trucks used in material handling
Figure 1.5: Leading forklift suppliers and associated brands, by revenues (2021)
Figure 1.6: Examples of material handling equipment telematics hardware components
Figure 1.7: Example of forklift truck telematics system cloud interface
Figure 1.8: Example of access control based on onboard device & employee swipe card
Figure 1.9: Example of automated on-screen OSHA pre-start safety checklist functionality
Figure 2.1: Installed base of MHE telematics (Europe & North America 2022-2027)
Figure 2.2: Top-10 material handling equipment telematics solution providers (World 2022)
Figure 2.3: Material handling equipment telematics forecast (Europe 2022-2027)
Figure 2.4: Material handling equipment telematics forecast (North America 2022-2027)
Figure 2.5: Example of forklift fleet management enabled by Teltonika
Figure 2.6: Schematic overview of data transmission technologies and infrastructure
Figure 3.1: Cargotec Gateway
Figure 3.2: InfoLink System Modules including 7” Touch Display and 3” Display
Figure 3.3: Features of Crown’s InfoLink system
Figure 3.4: Crown’s InfoLink dashboard
Figure 3.5: Overview of Standard and Premium Hi MATE alternatives
Figure 3.6: Modules of Jungheinrich FMS
Figure 3.7: Fleet Enterprise by Jungheinrich basic and optional functions
Figure 3.8: Schematic overview of Komatsu’s KOMTRAX machine tracking system
Figure 3.9: Linde Connect product family and Connect:desk software interfaces
Figure 3.10: iWAREHOUSE multifunction touchscreen display
Figure 3.11: iWAREHOUSE functionality
Figure 3.12: Schematic overview of STILL’s FleetManager 4.x
Figure 3.13: STILL neXXt fleet interface
Figure 3.14: STILL neXXt applications
Figure 3.15: Toyota I_Site app
Figure 3.16: Smart Access functionality of I_Site Explorer
Figure 3.17: I_Site packages offered by Toyota Material Handling
Figure 3.18: Fleet iQ360 7-inch touchscreen (MK3)
Figure 3.19: Forklift iQ360 handset (Samsung J3 Model)
Figure 3.20: Fleet iQ360 and Forklift iQ360 dashboards
Figure 3.21: Davis Derby’s TruckLOG TK5
Figure 3.22: Overview of TruckLOG features
Figure 3.23: EC2E’s ESK M4 and CHECK-BOX
Figure 3.24: EC2E’s ESK M4 fleet management dashboard
Figure 3.25: EC2E’s SPEED CONTROL solution based on colour codes
Figure 3.26: ELOfleet Fleet Management interface
Figure 3.27: ELOfleet variants
Figure 3.28: GemOne software interface examples
Figure 3.29: GemOne’s Sapphire and Onyx hardware
Figure 3.30: Overview of services offered by Kenco
Figure 3.31: Kenco FleetCloud
Figure 3.32: Kiwitron’s ETS fleet management product line
Figure 3.33: Kiwisat cloud fleet management software interface
Figure 3.34: Powerfleet Unity
Figure 3.35: Powerfleet for Industrial solutions overview
Figure 3.36: Powerfleet’s OC53, LCD601 and VAC4S hardware
Figure 3.37: Powerfleet for Industrial camera systems
Figure 3.38: Overview of SmarTrack features
Figure 3.39: SmarTrack display device
Figure 3.40: SIERA.AI Dashboard
Figure 3.41: Comparison of SIERA.AI S2 and SIERA.AI S3
Figure 3.42: Speedshield Technologies’ devices, software & analytics and cameras
Figure 3.43: Overview of Fleet Online
Figure 3.44: Trio Mobil Forklift Dashboard
Figure 3.45: Trio Mobil forklift units, pedestrian tags and zone anchors

Samples

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Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Cargotec
Collective Intelligence
Crown Equipment
Davis Derby
EC2E
ELOKON
GemOne
Hyundai Material Handling
Jungheinrich
Kenco
Kiwitron
Komatsu
Linde Material Handling (KION Group)
Litum
Powerfleet
RCT
Raymond (Toyota Industries)
SIERA.AI
STILL (KION Group)
Speedshield Technologies
Toyota Material Handling (Toyota Industries)
Trio Mobil

Methodology

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Installed Base of Material Handing Equipment Telematic Systems

Highlights from the report:

This report answers the following questions

Table of Contents

Samples

Companies Mentioned (Partial List)

Methodology

Related Topics

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