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Construction Machinery Telematics Market Report 2024: Size, Share, Growth, Industry Trends, Key Players, Forecast to 2033
Construction Machinery Telematics Market
As per the report, the construction machinery telematics market size has grown rapidly in recent years. It will grow from $1.03 billion in 2023 to $1.16 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The construction machinery telematics market size is expected to see rapid growth in the next few years. It will grow to $1.88 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%.
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What Is Driving The Growth Of The Global Construction Machinery Telematics Market?
Rising Construction Activities Fuel Growth In The Construction Machinery Telematics Market
The rising construction activities are expected to propel the growth of the construction machinery telematics market going forward. Construction activities encompass a wide range of tasks involved in the planning, executing, and completing building projects. These activities are essential for creating residential, commercial, and industrial structures and infrastructure projects such as roads, bridges, and tunnels. The increasing construction activities are due to urbanization, infrastructure development, and population growth. Construction machinery telematics is extremely useful for improving efficiency, safety, and cost-savings across rising construction and infrastructure activities by providing real-time data on equipment location, performance, and utilization to optimize workflows, enhance maintenance, and increase safety.
What Is The Key Trend In The Global Construction Machinery Telematics Market?
Advancements In Telematics Enhancing Construction Machinery Management
Major companies operating in the construction machinery telematics market are developing advanced solutions, such as new mixed-fleet telematics systems, to enhance equipment monitoring and management across diverse machinery brands. A mixed-fleet telematics system refers to technology that enables unified monitoring and management of various brands and construction machinery within a single platform.
How Is The Global Construction Machinery Telematics Market Segmented?
The construction machinery telematics market covered in this report is segmented -
1) By Machinery Type: Crane, Excavator, Telescopic Handling, Loaders And Backhoes
2) By Component: Hardware, Software
3) By Telematic Feature: Tracking Source, Diagnostic Source, Other Telematics Features
4) By Sales Channel: Original Equipment Manufacturer (OEM), After market
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How Is The Competitive Landscape Of The Global Construction Machinery Telematics Market?
Major companies operating in the construction machinery telematics market are Caterpillar Inc., Komatsu Ltd., Kubota Corporation, Mahindra & Mahindra, Hitachi Construction Machinery Co. Ltd., Deere & Company, Bosch Rexroth AG, Rosenberger Telematics GmbH, Trimble Inc., JLG Industries Inc., Topcon Corporation, EquipmentShare.com Inc., Samsara Inc., Geotab Inc., Teletrac Navman US Ltd., Inseego Corp., Mix Telematics Limited, Trackunit Corporation, Orbcomm Inc., ABAX Group AS, Tenna LLC, Hyundai Construction Equipment Co. Ltd., Cellutrak Canada Inc., J C Bamford Excavators Ltd., MachineMax
Contents Of The Global Construction Machinery Telematics Market
1. Executive Summary
2. Construction Machinery Telematics Market Report Structure
3. Construction Machinery Telematics Market Trends And Strategies
4. Construction Machinery Telematics Market - Macro Economic Scenario
5. Construction Machinery Telematics Market Size And Growth
…..
27. Construction Machinery Telematics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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