Construction & Heavy Equipment Telematics Market is driven by increasing demand for hybrid and electric construction equipment | Verizon, Trimble Inc, Hexagon AB, Robert Bosch GmbH

New York, According to a new market research report published by Global Insight Services Construction & Heavy Equipment Telematics Market is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Construction and heavy equipment telematics is the use of technology to track and manage construction and heavy equipment. This can include GPS tracking, engine monitoring, and other data collection and analysis tools. The goal of construction and heavy equipment telematics is to improve efficiency, safety, and productivity.

Key Trends

Some of the key trends in this market include the increasing demand for hybrid and electric construction equipment, the growing popularity of construction equipment rental services, and the increasing adoption of machine learning and artificial intelligence in construction and heavy equipment telematics.

The construction and heavy equipment telematics market is being driven by the increasing demand for hybrid and electric construction equipment.

The growing popularity of construction equipment rental services is another key trend driving the growth of the construction and heavy equipment telematics market. The rising cost of ownership of construction equipment and the growing preference for short-term projects are leading construction companies to opt for construction equipment rental services.

The increasing adoption of machine learning and artificial intelligence in construction and heavy equipment telematics is another key trend in the market.

Key Drivers

There are a few key drivers of construction and heavy equipment telematics.

First, these systems can help improve safety and compliance on construction sites. By tracking the location and status of equipment, telematics can help ensure that only authorized personnel are operating machinery and that safety procedures are being followed.

Additionally, telematics can help improve productivity on construction sites. By providing real-time tracking of equipment and personnel, telematics can help construction managers optimize the use of resources and minimize downtime.

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Market Segments

The construction & heavy equipment telematics market is segmented by solution, industry, technology, and region. By solution, the market is classified into asset tracking, fuel management, diagnostics, navigation, and others. Based on industry, it is bifurcated into construction, agriculture, and mining. On the basis of technology, it is divided into cellular, and satellite. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

Key Players

The global construction & heavy equipment telematics market includes players such as Verizon, Trimble Inc, Hexagon AB, Robert Bosch GmbH, Topcon Corporation, ACTIA Group, Sierra Wireless, OrbComm, CalAmp, and WebFleet Solutions B.V.

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Reasons to buy Construction & Heavy Equipment Telematics Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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