The Global Construction Equipment OEM Telematics Market 6th Edition

The Global Construction Equipment OEM Telematics Market 6th Edition

The Global Construction Equipment OEM Telematics Market is the sixth consecutive report from Berg Insight analysing the latest developments on the market for OEM-provided construction equipment telematics systems. This strategic research report from Berg Insight provides you with 135 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

The Global Construction Equipment OEM Telematics Market 6th Edition

Berg Insight has found that the global installed base of active construction equipment OEMtelematics systems reached 6.2 million units in 2022. Growing at a compound annual growthrate (CAGR) of 12.0 percent, the active installed base is forecasted to reach 11.0 million unitsworldwide in 2027. This includes all CE telematics systems marketed by construction equipmentOEMs, either developed in-house or provided by the CE manufacturers in partnership with thirdpartytelematics players. The European market accounted for around 0.9 million activeconstruction equipment OEM telematics systems at the end of 2022. The North American marketis estimated to be somewhat larger than the European. The Rest of World moreover representsmore than half of the global installed base of CE telematics systems provided by constructionequipment OEMs.

Most major construction equipment OEMs have introduced telematics offerings for theircustomers either independently or in collaboration with telematics partners. OEM telematicssystems are today commonly factory-installed as standard at least for heavier machines andincreasingly also for compact equipment. Berg Insight ranks Caterpillar as the leadingconstruction equipment OEM in terms of the number of CE telematics systems deployedworldwide. Caterpillar – which is also by far the leading construction equipment manufacturer bymarket share – has well over 1 million connected assets in the construction equipment segment specifically. Based in the US, Caterpillar’s largest markets for its telematics offerings are North America and Europe. The runners-up are SANY and Komatsu based in China and Japan respectively, both major players on the respective domestic markets. Komatsu also has relatively large shares of its telematics units in China, North America and Europe. Other major players with several hundred thousand active CE telematics units include Sweden-based Volvo Construction Equipment, XCMG in China, JCB headquartered in the UK and Japan-based Hitachi Construction Machinery. Deere & Company, HD Hyundai and Doosan Bobcat are also estimated to have reached the milestone of 100,000 units. Additional players having installed bases of construction equipment telematics units in the tens of thousands include Liebherr, Terex, JLG Industries, CNH Industrial and Tadano.