Construction Machinery Telematic Market Report: Trends, Forecast and Competitive Analysis to 2030

Construction Machinery Telematic Market Report: Trends, Forecast and Competitive Analysis to 2030

Construction Machinery Telematic Trends and Forecast

The future of the global construction machinery telematic market looks promising with opportunities in the OEM and aftermarket markets. The global construction machinery telematic market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 11.0% from 2024 to 2030. The major drivers for this market are increasing emphasis on safety and regulatory compliance in the construction industry and growing demand for fleet management and equipment tracking.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Construction Machinery Telematic by Segment

The study includes a forecast for the global construction machinery telematic by machinery type, telematic feature, sales channel, and region.

Construction Machinery Telematic Market by Machinery Type [Shipment Analysis by Value from 2018 to 2030]:

• Crane
• Excavator
• Telescopic Handling
• Loader & Backhoe
• Others

Construction Machinery Telematic Market by Telematic Feature [Shipment Analysis by Value from 2018 to 2030]:

• Tracking
• Diagnostic
• Others

Construction Machinery Telematic Market by Sales Channel [Shipment Analysis by Value from 2018 to 2030]:

• OEM
• Aftermarket

Construction Machinery Telematic Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Construction Machinery Telematic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction machinery telematic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction machinery telematic companies profiled in this report include-

• Caterpillar
• Komatsu
• CNH Industrial
• Joseph Cyril Bamford Excavators
• Deere
• Hitachi Construction Equipment
• Hyundai Construction Equipment

Construction Machinery Telematic Market Insights

Lucintel forecasts that excavator is expected to witness the highest growth over the forecast period.

Within this market, OEM is expected to witness the higher growth.

APAC will remain the largest region over the forecast period.

Features of the Global Construction Machinery Telematic Market

Market Size Estimates: Construction machinery telematic market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Construction machinery telematic market size by machinery type, telematic feature, sales channel, and region in terms of value ($B).

Regional Analysis: Construction machinery telematic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different machinery type, telematic feature, sales channel, and regions for the construction machinery telematic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction machinery telematic market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the construction machinery telematic market size?

Answer: The global construction machinery telematic market is expected to reach an estimated $2.2 billion by 2030.

Q2. What is the growth forecast for construction machinery telematic market?

Answer: The global construction machinery telematic market is expected to grow with a CAGR of 11.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the construction machinery telematic market?

Answer: The major drivers for this market are increasing emphasis on safety and regulatory compliance in the construction industry and growing demand for fleet management and equipment tracking.

Q4. What are the major segments for construction machinery telematic market?

Answer: The future of the construction machinery telematic market looks promising with opportunities in the OEM and aftermarket markets.

Q5. Who are the key construction machinery telematic market companies?

Answer: Some of the key construction machinery telematic companies are as follows:

• Caterpillar
• Komatsu
• CNH Industrial
• Joseph Cyril Bamford Excavators
• Deere
• Hitachi Construction Equipment
• Hyundai Construction Equipment

Q6. Which construction machinery telematic market segment will be the largest in future?

Answer: Lucintel forecasts that excavator is expected to witness the highest growth over the forecast period.

Q7. In construction machinery telematic market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the construction machinery telematic market by machinery type (crane, excavator, telescopic handling, loader & backhoe, and others), telematic feature (tracking, diagnostic, and others), sales channel (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?