Construction Equipment Tracking Market Report 2025

The construction equipment tracking market size has grown rapidly in recent years. It will grow from $1.76 billion in 2024 to $1.96 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth during the historic period can be attributed to the rising demand for jobsite visibility, growing adoption of GPS-based systems, increased focus on asset theft prevention, expansion of large-scale infrastructure projects, and the increasing need for equipment utilization reporting.

The construction equipment tracking market size is expected to see rapid growth in the next few years. It will grow to $2.94 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%. The growth during the forecast period can be attributed to the increasing use of centralized fleet management tools, rising emphasis on predictive maintenance, growing adoption of cloud-based tracking software, expansion of urban construction zones, and heightened demand for real-time operational analytics. Key trends in the forecast period include technological advancements in sensor hardware, innovations in telematics and automation, investments in real-time data analytics, ongoing research and development in IoT connectivity, and improvements in satellite tracking accuracy.

The expansion of construction projects is expected to drive growth in the construction equipment tracking market moving forward. Construction projects involve organized efforts to build, modify, or repair physical structures such as buildings, roads, and infrastructure within defined timeframes and budgets. This growth is primarily fueled by rapid urbanization, which increases the demand for new residential, commercial, and infrastructure developments to support growing urban populations. Tracking construction equipment offers significant advantages by enhancing operational efficiency through real-time monitoring of equipment location and usage, helping to reduce downtime and optimize resource allocation. For example, in July 2025, the Office for National Statistics, a UK government agency, reported that total infrastructure sector investment reached $23.64 billion (£20.3 billion) in 2024, a 16.9% rise compared to 2023. Thus, the expansion of construction projects is fueling growth in the construction equipment tracking market.

Key players in the construction equipment tracking market are developing advanced solutions such as connected fleet management systems to boost visibility, safety, and operational efficiency. A connected fleet management system collects live data from various equipment brands - including performance metrics, location tracking, and safety inputs - and consolidates it into a single real-time portal, enabling better decision-making and asset management. For instance, in April 2025, Hitachi Construction Machinery Co. Ltd, a Japanese company, launched the LANDCROS Connect Fleet Management System, a major advancement that allows companies to manage equipment from multiple manufacturers on one platform. Designed for medium- to large-scale construction, civil engineering, and rental companies with hundreds of machines across sites, the system offers a visual overview of all assets and provides insights on operational status, idling and operating times, alarm notifications, fuel consumption, and CO₂ emissions through intuitive graphs and tables.

In January 2023, Trackunit, a Denmark-based technology firm, acquired Flexcavo for an undisclosed sum. This acquisition aims to expand Trackunit’s footprint in the German market while integrating Flexcavo’s software to enhance operational efficiency. The merger also supports the improvement of digital fleet workflows and service delivery. Flexcavo is a Germany-based provider specializing in construction equipment tracking software.

Major players in the construction equipment tracking market are Robert Bosch GmbH, Caterpillar Inc., Komatsu Ltd., Topcon Positioning Systems Inc., EquipmentShare, Verizon Connect Inc., Samsara Inc., CalAmp Corp., Zonar Systems Inc., Teletrac Navman US Ltd., Fleet Complete, Heavy Construction Systems Specialists Inc., Trackunit A/S, Geoforce Inc., Linxup LLC, OnAsset Intelligence Inc., Tenna LLC, Triax Technologies Inc., GoCodes Corporation, and EZO Corporation.

North America was the largest region in the construction equipment tracking market in 2024. The regions covered in construction equipment tracking report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction equipment tracking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

Construction equipment tracking involves the use of digital technologies such as global positioning system (GPS), telematics, radio frequency identification (RFID), and Internet of Things (IoT) platforms to monitor the location, usage, performance, and maintenance status of machinery and tools on construction sites. The primary goal of construction equipment tracking is to improve operational efficiency, minimize equipment downtime, prevent theft or loss, and optimize asset utilization. It provides real-time insights into equipment usage and condition, enabling better planning, cost control, and maintenance management.

The main categories of equipment tracked in construction include earthmoving equipment, material handling equipment, concrete equipment, and others. Earthmoving equipment consists of heavy-duty machines such as excavators and bulldozers used to move soil, rocks, and debris on job sites. Deployment models for these tracking solutions generally fall into on-premise systems and cloud-based platforms. Key technologies utilized include GPS tracking, RFID tracking, cellular tracking, satellite tracking, and IoT-enabled tracking. These solutions are commonly employed by construction firms, equipment rental companies, and fleet management organizations.

The construction equipment tracking research report is one of a series of new reports that provides construction equipment tracking statistics, including the construction equipment tracking global size, regional shares, competitors with the construction equipment tracking share, detailed construction equipment tracking segments, trends, and opportunities, and any further data you may need to thrive in the construction equipment tracking industry. This construction equipment tracking research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The construction equipment tracking market consists of revenues earned by entities by providing services such as asset location monitoring, utilization analysis, maintenance scheduling, geofencing alerts, and idle time tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. The construction equipment tracking market also includes sales of telematics system, asset tags, maintenance management tools, and environmental condition monitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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