Press release
Advancements In Telematics Enhancing Construction Machinery Management Trend: A Crucial Influence on the Construction Machinery Telematics Market's Transformation in 2025
Construction Machinery Telematics
The rising construction activities are expected to drive the growth of the construction machinery telematics market. Construction activities, which involve planning and executing building projects, are increasing due to urbanization and infrastructure needs. Construction machinery telematics improve project efficiency and safety by providing real-time data on equipment location and performance. A 2023 report from the Northern Ireland Statistics and Research Agency indicated a 6.5% increase in construction activities, with housing and infrastructure sectors seeing significant growth. Hence, rising construction activities are propelling growth in the construction machinery telematics market.
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How will the growth rate of the construction machinery telematics market shape industry trends by 2034?
The construction machinery telematics market has experienced rapid growth in recent years. It will increase from $1.16 billion in 2024 to $1.31 billion in 2025, at a compound annual growth rate (CAGR) of 13.1%. The growth is driven by investments in infrastructure modernization, the increase in residential and commercial building activities, government regulations to enhance safety at construction sites, a higher usage of construction equipment like excavators in telematics, and the growing demand for operational efficiency.
The construction machinery telematics market is forecast to reach $2.12 billion by 2029, growing at a CAGR of 12.8%. Growth drivers include increasing construction activity, real estate expansion, rising demand for asset tracking solutions, digitalization investments, and the mining sector's needs. Key trends include predictive maintenance demand, product innovations, AI and IoT adoption, and the integration of connected technologies.
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What trends are poised to drive the future success of the construction machinery telematics market?
In the construction machinery telematics market, companies are developing mixed-fleet telematics systems to streamline equipment monitoring and management across different brands. For example, in February 2022, Hitachi Construction Machinery launched the CTFleet Link system, designed to monitor mixed construction equipment fleets. It enables live tracking of performance and location data from various brands via a single online portal.
Which primary segments of the construction machinery telematics market are driving growth and industry transformations?
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), Aftermarket
Subsegments:
1) By Crane: Tower Cranes, Mobile Cranes, Crawler Cranes, Rough Terrain Cranes, Overhead Cranes, All-Terrain Cranes
2) By Excavator: Crawler Excavators, Wheeled Excavators, Mini Excavators, Long Reach Excavators, Hydraulic Excavators
3) By Telescopic Handling: Telehandlers, Rotating Telehandlers, Fixed Telescopic Handlers, Compact Telescopic Handlers
4) By Loaders And Backhoes: Wheel Loaders, Skid Steer Loaders, Backhoe Loaders, Track Loaders, Mini Loaders
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Which geographical regions are pioneering growth in the construction machinery telematics market?
North America was the largest region in the construction machinery telematics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction machinery telematics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the construction machinery telematics market landscape?
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
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What Is Covered In The Construction Machinery Telematics Global Market Report?
•Market Size Forecast: Examine the construction machinery telematics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the construction machinery telematics market for a structured understanding.
•Key Players Overview: Analyze major players in the construction machinery telematics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the construction machinery telematics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the construction machinery telematics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the construction machinery telematics market.
•Industry Challenges: Identify potential risks and obstacles affecting the construction machinery telematics market.
•Competitive Landscape: Review strategic developments in the construction machinery telematics market, including expansions, agreements, and new product launches.
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