The Material Handling Equipment Telematics Market 1st edition

The Material Handling Equipment Telematics Market 1st edition

The Material Handling Equipment Telematics Market is a comprehensive report from Berg Insight analysing the latest developments on the market for telematics solutions used for material handling equipment such as forklifts. This strategic research report from Berg Insight provides you with 85 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

The Material Handling Equipment Telematics Market 1st edition

Material handling equipment (MHE) telematics systems have been offered by equipmentmanufacturers and aftermarket providers alike for decades. An increasing share of materialhandling equipment such as forklifts are now equipped with telematics-enabled fleetmanagement systems. Berg Insight estimates that the installed base of active material handlingequipment telematics systems in Europe reached more than 0.9 million units in 2022. Growingat a compound annual growth rate (CAGR) of 16.6 percent, the active installed base is forecastedto reach 2.0 million units in Europe by 2027. In North America, the installed base of active materialhandling equipment telematics systems is estimated to over 0.5 million units in 2022. The activeinstalled base is forecasted to grow at a compound annual growth rate (CAGR) of 17.8 percentto reach 1.2 million material handling equipment telematics systems in North America in 2027.

Berg Insight ranks Linde Material Handling (KION Group) and Toyota Material Handling (Toyota Industries) as the largest providers of material handling equipment telematics solutions. Including the sister brands STILL (KION Group) and Raymond (Toyota Industries) respectively, both groups have installed bases of several hundred thousand units deployed on forklifts and similar. Toyota Industries and KION are also established as the leading manufacturers of forklifts in terms of global market share. Additional top players include Jungheinrich and Crown Equipment, both having estimated installed bases of over 100,000 active units, followed by Speedshield Technologies which is primarily a supplier to Hyster-Yale Group (HYG). Other leading aftermarket solution providers include Powerfleet and GemOne. Diverse players such as Davis Derby, EC2E, Collective Intelligence, Komatsu, Litum, Kiwitron and ELOKON are also active in this space, all having installed bases of more than 10,000 units for material handling equipment such as forklifts.