Press release
Global Construction Machinery Telematics Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Construction Machinery Telematics Market
What Is the Construction Machinery Telematics Market Size and Projected Growth Rate?
The construction machinery telematics market will grow from $1.16 billion in 2024 to $1.31 billion in 2025, with a CAGR of 13.1%. This growth is attributed to increased investments in infrastructure modernization, more residential and commercial building projects, safety regulations, growing use of telematics in construction equipment, and demand for operational efficiency.
The construction machinery telematics market is anticipated to experience significant growth, reaching $2.12 billion by 2029, with a CAGR of 12.8%. This expansion is driven by increased construction activities, real estate industry growth, a rising preference for asset tracking solutions, more investment in digitalization, and higher demand in the mining sector. Key trends include predictive maintenance, product innovations, AI and IoT adoption, and the use of connected technologies.
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What Are the Major Segments in the Construction Machinery Telematics Market?
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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What Are The Driving Construction Machinery Telematics Market Evolution?
The rise in construction activities is expected to drive the growth of the construction machinery telematics market. These activities, essential for building residential, commercial, and infrastructure projects, are increasing due to urbanization, population growth, and infrastructure needs. Construction machinery telematics provide real-time data on equipment performance, location, and utilization, improving safety and efficiency across construction sites. For instance, in June 2023, the Northern Ireland Statistics and Research Agency reported a 6.5% increase in the construction industry from 2022 to 2023. This growth is driving the construction machinery telematics market forward.
Which Firms Dominate The Construction Machinery Telematics Market Segments?
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
What Are the Major Trends Shaping the Construction Machinery Telematics Market?
In the construction machinery telematics market, companies are developing systems like mixed-fleet telematics to manage diverse machinery brands. In February 2022, Hitachi Construction Machinery (UK) launched the CTFleet Link system, which allows monitoring of mixed construction equipment brands through a live portal, offering high reporting frequency and operational data analysis.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Construction Machinery Telematics Market?
2. What is the CAGR expected in the Construction Machinery Telematics Market?
3. What Are the Key Innovations Transforming the Construction Machinery Telematics Industry?
4. Which Region Is Leading the Construction Machinery Telematics Market?
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