The Global Construction Equipment OEM Telematics Market 7th Edition

The Global Construction Equipment OEM Telematics Market 7th Edition

The Global Construction Equipment OEM Telematics Market isthe seventh consecutive report from Berg Insight analysing thelatest developments on the market for OEM-provided constructionequipment telematics systems. This strategic research reportfrom Berg Insight provides you with 145 pages of unique businessintelligence including 5-year industry forecasts and expertcommentary on which to base your business decisions.

The Global Construction Equipment OEM Telematics Market 7th Edition

Berg Insight has found that the global installed base of active construction equipment OEMtelematics systems reached 6.8 million units in 2023. Growing at a compound annual growthrate (CAGR) of 12.0 percent, the active installed base is forecasted to reach 12.1 million unitsworldwide in 2028. This includes all CE telematics systems marketed by construction equipmentOEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players. The European market accounted for around 0.9 million activeconstruction equipment OEM telematics systems at the end of 2023. 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 segmentspecifically. Based in the US, Caterpillar’s largest markets for its telematics offerings are NorthAmerica and Europe. The runners-up are SANY and Komatsu based in China and Japanrespectively, both major players on the respective domestic markets. Komatsu also has relativelylarge shares of its telematics units in North America, China and Europe. Other major players withseveral hundred thousand active CE telematics units include Sweden-based Volvo ConstructionEquipment, XCMG and Zoomlion in China, Japan-based Hitachi Construction Machinery andJCB headquartered in the UK. Deere & Company, HD Hyundai and Doosan Bobcat are alsoestimated to have reached the milestone of 100,000 units. Additional players having estimatedinstalled bases of construction equipment telematics units in the tens of thousands includeLiebherr, Terex, JLG Industries, CNH Industrial and Tadano.