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Construction telematics refers to using telecommunication and information technologies in the construction industry to enhance construction site efficiency, productivity, and safety. Construction machinery telematics provides real-time access to machines by tracking engine hours, providing mileage report alerts, and monitoring fuel consumption. Construction equipment telematics permits construction firms to track equipment's location and performance, allowing them to monitor construction equipment utilization and ensure that assets are used efficiently. The increasing number of construction activities worldwide is elevating the usage of construction machinery telematics, which includes the usage of GPS tracking and mapping, real-time communication, and data analysis to manage and optimize various aspects of the construction process. Increasing investment in the construction of smart residential and commercial buildings by private and public organizations is expected to expand the usage of construction machine telematics. However, the high cost of construction equipment telematics is impeding the market's growth. The increasing integration of advanced technologies in construction equipment telematics by market vendors and innovators is expected to fuel the growth of construction machinery telematics.
Regional Insights
The construction machinery telematics market in Europe, the Middle East, the African region, and American economies are rapidly developing owing to high construction expenditures and supportive government initiatives to digitalize the construction sector. The recent investments by the government through the Digital Europe Programme, Horizon Europe, and InvestEU to finance projects related to innovation of digitalization of the construction industry are expected to scale up the use of construction machinery telematics in Europe. Moreover, the massive expenditures on the construction sector in emerging Asian economies promote the demand for construction machinery telematics. Several projects initiated in the region, including the Bharatmala highway project and Smart City project in India, the Summer Olympics 2020 in Japan, and China's One Belt One Road initiative, encouraged the adoption of construction machinery telematics to enhance diagnostics and maintenance of construction fleets. The ongoing research and development (R&D) for innovation of product portfolios and massive adoption of digital technologies in the construction sector are expected to bolster the demand for the construction machinery telematics market in the Americas in the coming years.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Construction Machinery Telematics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Construction Machinery Telematics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Construction Machinery Telematics Market, highlighting leading vendors and their innovative profiles. These include ABAX Group AS, Bosch Rexroth AG, Caterpillar Inc., Cellutrak Canada Inc., Deere & Company, EquipmentShare.com Inc., Fleet Intelligence by Foresight Intelligence, Inc., Geotab Inc., Hexagon AB, Hitachi Construction Machinery Co., Ltd., Hyundai Construction Equipment Co., Ltd., Infineon Technologies AG, Inseego Corp., J C Bamford Excavators Ltd., JLG Industries Inc., Komatsu Ltd., Kubota Corporation, MachineMax, Mahindra Group, Mix Telematics Limited, Motive Technologies, Inc., Orbcomm Inc., Rosenberger Telematics GmbH, Samsara Inc., Teletrac Navman US Ltd., Tenna LLC, Topcon Corporation, Trackunit Corporation, Trimble Inc., Verizon Communications Inc., and Volvo Group.Market Segmentation & Coverage
This research report categorizes the Construction Machinery Telematics Market to forecast the revenues and analyze trends in each of the following sub-markets:- Machinery Type
- Backhoes
- Crane
- Excavator
- Loaders
- Telescopic Handling
- Solution
- Asset Tracking
- Diagnostics & Maintenance
- Fleet Management
- Safety & Compliance
- Component
- Hardware
- Software
- Sales Channel
- Aftermarket
- OEM
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Construction Machinery Telematics Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Construction Machinery Telematics Market?
- What are the technology trends and regulatory frameworks in the Construction Machinery Telematics Market?
- What is the market share of the leading vendors in the Construction Machinery Telematics Market?
- Which modes and strategic moves are suitable for entering the Construction Machinery Telematics Market?
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Table of Contents
Companies Mentioned
- ABAX Group AS
- Bosch Rexroth AG
- Caterpillar Inc.
- Cellutrak Canada Inc.
- Deere & Company
- EquipmentShare.com Inc.
- Fleet Intelligence by Foresight Intelligence, Inc.
- Geotab Inc.
- Hexagon AB
- Hitachi Construction Machinery Co., Ltd.
- Hyundai Construction Equipment Co., Ltd.
- Infineon Technologies AG
- Inseego Corp.
- J C Bamford Excavators Ltd.
- JLG Industries Inc.
- Komatsu Ltd.
- Kubota Corporation
- MachineMax
- Mahindra Group
- Mix Telematics Limited
- Motive Technologies, Inc.
- Orbcomm Inc.
- Rosenberger Telematics GmbH
- Samsara Inc.
- Teletrac Navman US Ltd.
- Tenna LLC
- Topcon Corporation
- Trackunit Corporation
- Trimble Inc.
- Verizon Communications Inc.
- Volvo Group
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 181 |
Published | March 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 2.39 Billion |
Forecasted Market Value ( USD | $ 6.6 Billion |
Compound Annual Growth Rate | 15.3% |
Regions Covered | Global |
No. of Companies Mentioned | 31 |