Construction Machinery Telematics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Telematics systems combine GPS technology, sensors, and onboard diagnostics to track the performance and operation of construction machinery. The construction machinery telematics enables full tracking, monitoring, and control of assets in remote parts of the world. The telematics in construction machinery helps in the prevention of unauthorized use and theft. It is also useful in tracking engine hours, idle ratio, and monitoring fuel consumption by providing real-time access to machines.
MARKET DYNAMICS
The construction machinery telematics market is anticipated to grow in the forecast period owing to driving factors such as increasing developments in the field of construction coupled with rising infrastructural investments. The development of smart cities and supporting government initiatives are also likely to propel the market growth. However, complexity and high price features make fleet operators reluctant towards these technologies, thereby negatively affecting the growth of the construction machinery telematics market during the forecast period. On the other hand, telematics systems are increasingly becoming popular, opening numerous growth prospects for market players over the coming years.
MARKET SCOPE
The "Global Construction Machinery Telematics Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of construction machinery telematics market with detailed market segmentation by telematics type, machinery type, and geography. The global construction machinery telematics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading construction machinery telematics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global construction machinery telematics market is segmented on the basis of telematics type and machinery type. Based on telematics type, the market is segmented as on-road and off-road. On the basis of the machinery type, the market is segmented as crane, excavator, loader and backhoe, telescopic handling, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global construction machinery telematics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The construction machinery telematics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting construction machinery telematics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the construction machinery telematics market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global construction machinery telematics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The construction machinery telematics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting construction machinery telematics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the construction machinery telematics market in these regions.
MARKET PLAYERS
The reports cover key developments in the construction machinery telematics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from construction machinery telematics market are anticipated to lucrative growth opportunities in the future with the rising demand for construction machinery telematics in the global market. Below mentioned is the list of few companies engaged in the construction machinery telematics market.
The report also includes the profiles of key construction machinery telematics companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AB Volvo
- Caterpillar Inc.
- CNH Industrial NV
- Deere & Company
- Doosan Infracore Co Ltd
- Hitachi Construction Machinery Co Ltd
- Hyundai Construction Equipment Co., Ltd.
- J.C. Bamford Excavators Ltd.
- Komatsu Ltd
- The Liebherr Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Construction Machinery Telematics Market - By Telematics Type
1.3.2 Construction Machinery Telematics Market - By Machinery Type
1.3.3 Construction Machinery Telematics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONSTRUCTION MACHINERY TELEMATICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CONSTRUCTION MACHINERY TELEMATICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CONSTRUCTION MACHINERY TELEMATICS MARKET - GLOBAL MARKET ANALYSIS
6.1. CONSTRUCTION MACHINERY TELEMATICS - GLOBAL MARKET OVERVIEW
6.2. CONSTRUCTION MACHINERY TELEMATICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CONSTRUCTION MACHINERY TELEMATICS MARKET - REVENUE AND FORECASTS TO 2028 - TELEMATICS TYPE
7.1. OVERVIEW
7.2. TELEMATICS TYPE MARKET FORECASTS AND ANALYSIS
7.3. ON-ROAD
7.3.1. Overview
7.3.2. On-road Market Forecast and Analysis
7.4. OFF-ROAD
7.4.1. Overview
7.4.2. Off-road Market Forecast and Analysis
8. CONSTRUCTION MACHINERY TELEMATICS MARKET - REVENUE AND FORECASTS TO 2028 - MACHINERY TYPE
8.1. OVERVIEW
8.2. MACHINERY TYPE MARKET FORECASTS AND ANALYSIS
8.3. CRANE
8.3.1. Overview
8.3.2. Crane Market Forecast and Analysis
8.4. EXCAVATOR
8.4.1. Overview
8.4.2. Excavator Market Forecast and Analysis
8.5. LOADER AND BACKHOE
8.5.1. Overview
8.5.2. Loader and Backhoe Market Forecast and Analysis
8.6. TELESCOPIC HANDLING
8.6.1. Overview
8.6.2. Telescopic Handling Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. CONSTRUCTION MACHINERY TELEMATICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Construction Machinery Telematics Market Overview
9.1.2 North America Construction Machinery Telematics Market Forecasts and Analysis
9.1.3 North America Construction Machinery Telematics Market Forecasts and Analysis - By Telematics Type
9.1.4 North America Construction Machinery Telematics Market Forecasts and Analysis - By Machinery Type
9.1.5 North America Construction Machinery Telematics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Construction Machinery Telematics Market
9.1.5.1.1 United States Construction Machinery Telematics Market by Telematics Type
9.1.5.1.2 United States Construction Machinery Telematics Market by Machinery Type
9.1.5.2 Canada Construction Machinery Telematics Market
9.1.5.2.1 Canada Construction Machinery Telematics Market by Telematics Type
9.1.5.2.2 Canada Construction Machinery Telematics Market by Machinery Type
9.1.5.3 Mexico Construction Machinery Telematics Market
9.1.5.3.1 Mexico Construction Machinery Telematics Market by Telematics Type
9.1.5.3.2 Mexico Construction Machinery Telematics Market by Machinery Type
9.2. EUROPE
9.2.1 Europe Construction Machinery Telematics Market Overview
9.2.2 Europe Construction Machinery Telematics Market Forecasts and Analysis
9.2.3 Europe Construction Machinery Telematics Market Forecasts and Analysis - By Telematics Type
9.2.4 Europe Construction Machinery Telematics Market Forecasts and Analysis - By Machinery Type
9.2.5 Europe Construction Machinery Telematics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Construction Machinery Telematics Market
9.2.5.1.1 Germany Construction Machinery Telematics Market by Telematics Type
9.2.5.1.2 Germany Construction Machinery Telematics Market by Machinery Type
9.2.5.2 France Construction Machinery Telematics Market
9.2.5.2.1 France Construction Machinery Telematics Market by Telematics Type
9.2.5.2.2 France Construction Machinery Telematics Market by Machinery Type
9.2.5.3 Italy Construction Machinery Telematics Market
9.2.5.3.1 Italy Construction Machinery Telematics Market by Telematics Type
9.2.5.3.2 Italy Construction Machinery Telematics Market by Machinery Type
9.2.5.4 United Kingdom Construction Machinery Telematics Market
9.2.5.4.1 United Kingdom Construction Machinery Telematics Market by Telematics Type
9.2.5.4.2 United Kingdom Construction Machinery Telematics Market by Machinery Type
9.2.5.5 Russia Construction Machinery Telematics Market
9.2.5.5.1 Russia Construction Machinery Telematics Market by Telematics Type
9.2.5.5.2 Russia Construction Machinery Telematics Market by Machinery Type
9.2.5.6 Rest of Europe Construction Machinery Telematics Market
9.2.5.6.1 Rest of Europe Construction Machinery Telematics Market by Telematics Type
9.2.5.6.2 Rest of Europe Construction Machinery Telematics Market by Machinery Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Construction Machinery Telematics Market Overview
9.3.2 Asia-Pacific Construction Machinery Telematics Market Forecasts and Analysis
9.3.3 Asia-Pacific Construction Machinery Telematics Market Forecasts and Analysis - By Telematics Type
9.3.4 Asia-Pacific Construction Machinery Telematics Market Forecasts and Analysis - By Machinery Type
9.3.5 Asia-Pacific Construction Machinery Telematics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Construction Machinery Telematics Market
9.3.5.1.1 Australia Construction Machinery Telematics Market by Telematics Type
9.3.5.1.2 Australia Construction Machinery Telematics Market by Machinery Type
9.3.5.2 China Construction Machinery Telematics Market
9.3.5.2.1 China Construction Machinery Telematics Market by Telematics Type
9.3.5.2.2 China Construction Machinery Telematics Market by Machinery Type
9.3.5.3 India Construction Machinery Telematics Market
9.3.5.3.1 India Construction Machinery Telematics Market by Telematics Type
9.3.5.3.2 India Construction Machinery Telematics Market by Machinery Type
9.3.5.4 Japan Construction Machinery Telematics Market
9.3.5.4.1 Japan Construction Machinery Telematics Market by Telematics Type
9.3.5.4.2 Japan Construction Machinery Telematics Market by Machinery Type
9.3.5.5 South Korea Construction Machinery Telematics Market
9.3.5.5.1 South Korea Construction Machinery Telematics Market by Telematics Type
9.3.5.5.2 South Korea Construction Machinery Telematics Market by Machinery Type
9.3.5.6 Rest of Asia-Pacific Construction Machinery Telematics Market
9.3.5.6.1 Rest of Asia-Pacific Construction Machinery Telematics Market by Telematics Type
9.3.5.6.2 Rest of Asia-Pacific Construction Machinery Telematics Market by Machinery Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Construction Machinery Telematics Market Overview
9.4.2 Middle East and Africa Construction Machinery Telematics Market Forecasts and Analysis
9.4.3 Middle East and Africa Construction Machinery Telematics Market Forecasts and Analysis - By Telematics Type
9.4.4 Middle East and Africa Construction Machinery Telematics Market Forecasts and Analysis - By Machinery Type
9.4.5 Middle East and Africa Construction Machinery Telematics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Construction Machinery Telematics Market
9.4.5.1.1 South Africa Construction Machinery Telematics Market by Telematics Type
9.4.5.1.2 South Africa Construction Machinery Telematics Market by Machinery Type
9.4.5.2 Saudi Arabia Construction Machinery Telematics Market
9.4.5.2.1 Saudi Arabia Construction Machinery Telematics Market by Telematics Type
9.4.5.2.2 Saudi Arabia Construction Machinery Telematics Market by Machinery Type
9.4.5.3 U.A.E Construction Machinery Telematics Market
9.4.5.3.1 U.A.E Construction Machinery Telematics Market by Telematics Type
9.4.5.3.2 U.A.E Construction Machinery Telematics Market by Machinery Type
9.4.5.4 Rest of Middle East and Africa Construction Machinery Telematics Market
9.4.5.4.1 Rest of Middle East and Africa Construction Machinery Telematics Market by Telematics Type
9.4.5.4.2 Rest of Middle East and Africa Construction Machinery Telematics Market by Machinery Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Construction Machinery Telematics Market Overview
9.5.2 South and Central America Construction Machinery Telematics Market Forecasts and Analysis
9.5.3 South and Central America Construction Machinery Telematics Market Forecasts and Analysis - By Telematics Type
9.5.4 South and Central America Construction Machinery Telematics Market Forecasts and Analysis - By Machinery Type
9.5.5 South and Central America Construction Machinery Telematics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Construction Machinery Telematics Market
9.5.5.1.1 Brazil Construction Machinery Telematics Market by Telematics Type
9.5.5.1.2 Brazil Construction Machinery Telematics Market by Machinery Type
9.5.5.2 Argentina Construction Machinery Telematics Market
9.5.5.2.1 Argentina Construction Machinery Telematics Market by Telematics Type
9.5.5.2.2 Argentina Construction Machinery Telematics Market by Machinery Type
9.5.5.3 Rest of South and Central America Construction Machinery Telematics Market
9.5.5.3.1 Rest of South and Central America Construction Machinery Telematics Market by Telematics Type
9.5.5.3.2 Rest of South and Central America Construction Machinery Telematics Market by Machinery Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CONSTRUCTION MACHINERY TELEMATICS MARKET, KEY COMPANY PROFILES
11.1. AB VOLVO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CATERPILLAR INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CNH INDUSTRIAL NV
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DEERE AND COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DOOSAN INFRACORE CO LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HITACHI CONSTRUCTION MACHINERY CO LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HYUNDAI CONSTRUCTION EQUIPMENT CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. J.C. BAMFORD EXCAVATORS LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. KOMATSU LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE LIEBHERR GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.AB Volvo
2.Caterpillar Inc.
3.CNH Industrial NV
4.Deere and Company
5.Doosan Infracore Co Ltd
6.Hitachi Construction Machinery Co Ltd
7.Hyundai Construction Equipment Co., Ltd.
8.J.C. Bamford Excavators Ltd.
9.Komatsu Ltd
10.The Liebherr Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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