openPR Logo
Press release

Off-Highway Vehicle (OHV) Telematics Market to record growth at 15.40% CAGR over the forecast period of 2021 and 2031

12-20-2021 10:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Off-Highway Vehicle (OHV) Telematics Market to record growth

ESOMAR-certified consulting firm Future Market Insights’ report, projects the global OHV telematics market to record growth at 15.40% CAGR over the forecast period of 2021 and 2031.

Growing demand from construction industry is accelerating OHV telematics sales across the globe. Demand for OHV telematics is rising extensively in emerging economies as are becoming more aware for the vehicle safety.

Increasing application within rental equipment companies, mining industry and for safety & security of vehicles will continue creating sales opportunities. As per the FMI’s analysis, despite the slight setback due to the pandemic, the global OHV telematics market registered the Y-o-Y growth at 14.50% CAGR during 2020-2021.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1430

Steady recovery in automotive industry and recommencement of automotive production & manufacturing companies across the globe have improved the market growth.

Government increasing funding and initiatives towards the safety of vehicles have compelled the manufacturers to increase the adoption of telematics within the off highway vehicles.
Stringent regulations for the vehicle safety across the U.S., Germany, India, China and the U.K. is also expected to improve the adoption of OHV telematics over the coming years.
According to the FMI’s analysis, the global OHV telematics market reached a valuation of US$ 424 Mn in 2021.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-1430

Key Takeaways from FMI’s OHV Telematics Market Study
• By end-use application type, construction segment will emerge as primary OHV telematics end-user, accounting for 64.4% market share.
• In terms of sales channel, original equipment manufacturers are the most preferred over the aftermarket service providers, exhibiting growth at over 11.4% CAGR
• In terms of technology type, cellular technology will cement its dominance during the forecast period, expanding at 11% CAGR
• The U.S. will emerge as the leading market across North America backed by the high demand within the construction industry
• Japan and South Korea will collectively account for over 6% of global market share over the forecast period
• Germany and the U.K. are anticipated to lead the Europe’s OHV telematics market, exhibiting the growth at 10.20% CAGR
• Increasing application in precision farming will bolster the demand of off-highway vehicle telematics across India through 2021

“Growing consumer preference for advanced telematics technology in off-highway vehicles for usage in construction, mining and agriculture equipment has bolstered the adoption of telematics, generating lucrative prospects for market players,” says the FMI analyst.

Competitive Landscape
TomTom International, Harman International, ORBCOMM Inc., Topcon Corporation, MiX Telematics, Navman Wireless, Omnitracs LLC, Wacker Neuson, Trackunit A/S and Zonar Systems Inc. among others are some prominent players operating in the OHV telematics market.
As per the FMI’s analysis, the market is dominated with top 5 players operating in OHV telematics market, accounting for 25% of market share. Top 5 players include, TomTom International, Harman International, MiX Telematics, ORBCOMM Inc., and Omnitracs.

Direct Purchase of this Report@ https://www.futuremarketinsights.com/checkout/1430

OHV Telematics Market by Category

By Sales Channel:
• Original Equipment Manufacturers (OEMs)
• Aftermarket

By Technology Type:
• Cellular
• Satellite

By End-Use Application:
• Construction
• Cranes
• Dozers
• Dump Trucks
• Excavators
• Loaders
• Others
• Agriculture
• Harvesters
• Tractors
• Mining
• Surface Mining Machinery
• Underground Mining Machinery

By Region:
• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific excluding Japan
• Japan
• Middle East and Africa (MEA)

Key Points Covered in OHV telematics Market Study
• Market estimates and forecast 2021-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on OHV Telematics Market and How to Navigate
• Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Automotive Repair & Maintenance Services Market : Global automotive repair & maintenance services market is forecast to reach a US$ 544.5 Bn in 2021, with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

Automotive Glass Market : The global demand for automotive glass has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising popularity of electric vehicles.

Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/

About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Off-Highway Vehicle (OHV) Telematics Market to record growth at 15.40% CAGR over the forecast period of 2021 and 2031 here

News-ID: 2504666 • Views:

More Releases from Future Market Insights

AI in IoT Market Set to Reach USD 172.8 Billion by 2035 with 6.4% CAGR Amid Rising Digital Transformation
AI in IoT Market Set to Reach USD 172.8 Billion by 2035 with 6.4% CAGR Amid Risi …
The AI in IoT market is witnessing rapid expansion as enterprises across industries increasingly integrate artificial intelligence with Internet of Things (IoT) systems. Valued at USD 92.9 billion in 2025, the market is projected to reach USD 172.8 billion by 2035, representing a compound annual growth rate of 6.4%. The integration of AI into IoT infrastructure enables predictive analytics, real-time monitoring, and automated control across multiple applications, transforming how businesses
Catalog Management System Market Poised to Reach USD 4.2 Billion by 2035 with Advanced Technology Integration
Catalog Management System Market Poised to Reach USD 4.2 Billion by 2035 with Ad …
The catalog management system (CMS) market is experiencing steady and strategic growth, with its value projected to rise from USD 1.9 billion in 2025 to USD 4.2 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8.1%. The market expansion is primarily fueled by businesses' growing need for centralized product information, streamlined digital operations, and enhanced customer experiences across increasingly complex sales channels. As e-commerce continues to penetrate global
HIFI Electronics Market Set to Double by 2035, Driven by Premium Audio and Technological Innovation
HIFI Electronics Market Set to Double by 2035, Driven by Premium Audio and Techn …
The global HIFI electronics market is poised for remarkable growth over the next decade, projected to expand from USD 17,243.4 million in 2025 to USD 37,227.2 million by 2035. This impressive growth trajectory, representing an absolute increase of nearly USD 19,983.8 million and a compound annual growth rate (CAGR) of 8%, reflects the rising global appetite for premium audio experiences and high-fidelity sound reproduction across personal and professional applications. The expansion
Interrogation Table Market to Reach USD 435.7 Million by 2035, Driven by Security Infrastructure Expansion
Interrogation Table Market to Reach USD 435.7 Million by 2035, Driven by Securit …
The global interrogation table market, valued at USD 321.1 million in 2025, is set to grow steadily to USD 435.7 million by 2035, registering a moderate CAGR of 3.1%. This trajectory reflects a market gradually approaching maturity, where incremental demand for specialized security furniture outweighs rapid expansion. The early stage from 2025 to 2028 is expected to see modest increases in annual revenues, primarily linked to new infrastructure development across

All 5 Releases


More Releases for OHV

OHV Telematics Market Is Going To Boom |Geotab,Caterpillar, XCMG
HTF MI just released the Global OHV Telematics Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major companies profiled in OHV Telematics Market are: Trimble Inc., Teletrac
DTPC OHV G25 DESERT TORTOISE EXCLUSION FENCING APPLICATION
OPPORTUNITY FOR PUBLIC COMMENT RIDGECREST, CA: FOR IMMEDIATE RELEASE. FEBRUARY 24, 2025, 3:00 p.m.: The Desert Tortoise Preserve Committee, Inc. (DTPC) is seeking public comment on its proposal for grant funding submitted to the California State Parks, Off-Highway Motor Vehicle Registration Division. The public review and comment period is open MARCH 4, 2025 to 5:00 p.m. PDT on MAY 5, 2025. This period provides an opportunity for the
Off-Highway Vehicle (OHV) Telematics Market Research Report | IMIR
IMIR Market Research, a leading global market research firm, is pleased to announce its new report on Off-Highway Vehicle (OHV) Telematics Market, forecast for 2022-2028, covering all aspects of the market and providing up-to-date data on current trends. Global Off-Highway Vehicle (OHV) Telematics Market size was valued at USD 111.23 Million in 2021 and is projected to reach USD 269.68 Million by 2028, growing at a CAGR of 12.54% from 2021
OHV Telematics Market to Reach US$ 311.1 Mn by 2026
Future Market Insights (FMI) delivers key insights on the off-highway vehicle (OHV) telematics market in its latest report titled, “Off-highway Vehicle (OHV) Telematics Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. The global off-highway vehicle (OHV) telematics market is projected to register a healthy CAGR of 8.9% in terms of value during the forecast period (2016–2026). This growth is attributed to various factors, regarding which FMI offers detailed insights in
Asia-Pacific OHV Telematics Market Report 2017
In this report, the Asia-Pacific OHV Telematics market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several key Regions, with sales (volume), revenue (value), market share and growth rate of OHV Telematics for these regions, from 2012 to 2022 (forecast), including China Japan South Korea Taiwan India Southeast
Global OHV Telematics Market: Top Players - TomTom International, ORBCOMM
Latest industry research report on: Global OHV Telematics Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report studies the global OHV Telematics market, analyzes and researches the OHV Telematics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like TomTom International Harman International ORBCOMM Topcon Corporation MiX Telematics Navman Wireless Omnitracs LLC Wacker Neuson Trackunit A/S Zonar Systems Request For