Market Research Report
The Global Construction Equipment OEM Telematics Market
|Published by||BERG Insight||Product code||591577|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|The Global Construction Equipment OEM Telematics Market|
|Published: December 13, 2017||Content info: 120 Pages||
How will the market for construction equipment OEM telematics systems evolve in 2018 and beyond? This report covers the latest trends and developments in the dynamic telematics industry. Berg Insight forecasts that the global installed base of active construction equipment OEM telematics systems will grow at a CAGR of 21.3 percent from 1.8 million units at the end of 2016 to 4.6 million units by 2021. Get up to date with the latest information about vendors, products and markets. This new 120-page report is available in PDF format only.
Berg Insight estimates that the global installed base of active construction equipment OEM telematics systems reached almost 1.8 million units in 2016. Growing at a compound annual growth rate (CAGR) of 21.3 percent, the active installed base is estimated to reach 4.6 million units worldwide in 2021. This includes all CE telematics systems marketed by construction equipment OEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players. Berg Insight estimates that the European market accounted for almost 0.4 million active construction equipment OEM telematics systems at the end of 2016. The North American market is estimated to be slightly larger than the European. The Rest of World is moreover estimated to represent more than half of the global installed base of CE telematics systems provided by construction equipment OEMs.
Most major construction equipment OEMs have introduced telematics offerings for its customers either independently or in collaboration with telematics partners. OEM telematics systems are today commonly factory-installed as standard at least for heavier machines. Berg Insight ranks Caterpillar and Komatsu as the leading construction equipment OEMs in terms of the number of CE telematics systems deployed worldwide. Based in the US and Japan respectively, the two companies - which are also by far the leading construction equipment manufacturers in terms of market share - together account for more than one million telematics units today. Caterpillar's largest markets for its telematics offerings are North America and Europe while Komatsu has the largest share of its telematics units in Japan and China followed by North America and Europe. The runners-up include Japan-based Hitachi Construction Machinery and South Korea-based Hyundai Construction Equipment. The former has surpassed the milestone of 200,000 telematics units. Other notable OEMs include JCB, Volvo CE and Deere & Company which are based in the UK, Sweden and the US respectively. South Korea-based Doosan Infracore, Liebherr based in Switzerland and CNH Industrial which is headquartered in the UK further all have global installed bases of construction equipment telematics units in the low tens of thousands.