Construction Machinery Telematics Market by Machinery Type, Solution, Component, Sales Channel

Description

List of Tables

[193 Pages Report] The Construction Machinery Telematics Market size was estimated at USD 2.39 billion in 2023 and expected to reach USD 2.73 billion in 2024, at a CAGR 15.58% to reach USD 6.60 billion by 2030.

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.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.39 billion
Estimated Year [2024]	USD 2.73 billion
Forecast Year [2030]	USD 6.60 billion
CAGR (%)	15.58%

Machinery Type: Increasing usage of excavators in construction machinery telematics to monitor engine performance

Construction telematics helps monitor backhoes' performance and usage, including tracking fuel consumption, engine hours, and maintenance schedules. Telematics in cranes provide real-time information on the location, movement, and usage of cranes and monitor critical factors such as wind speed and load weight. Excavators with telematics help track excavation work, soil conditions and monitor engine performance and fuel consumption. Loaders with telematics help optimize loading and hauling operations by tracking machine location and utilization and monitoring fuel consumption and maintenance needs. Telematics in telescopic handlers monitors the usage and performance of telescopic handlers, including tracking load weights, heights, and reach.

Solution: Rising preference for asset tracking solutions among the construction industry to monitor their equipments

Asset tracking solutions are essential for construction companies to monitor and manage equipment usage, location, and overall performance. These solutions offer real-time data on the position of machinery, enabling effective utilization and theft prevention. Diagnostics and maintenance tools provide insights into machinery health, helping businesses minimize repair costs and reduce downtime. These solutions analyze performance data to identify potential issues early and can optimize maintenance schedules accordingly. Fleet management solutions help construction companies optimize equipment usage, minimize fuel consumption, and improve operational efficiency. These tools can monitor machinery data in real-time, allowing for better decision-making and informed dispatching. Safety and compliance solutions ensure construction projects adhere to industry regulations and maintain safe working environments. These systems can monitor operator behavior, manage certifications, and provide real-time alerts for potential safety hazards. While all four solution segments offer valuable tools for construction businesses, their need-based preferences depend on companies' specific requirements. Asset tracking and diagnostics & maintenance solutions are crucial for managing equipment costs and reducing downtime efficiently, while fleet management tools prioritize operational efficiency and resource allocation. Lastly, safety & compliance solutions focus on maintaining safe working environments and adhering to industry regulations.

Component: Expanding usage of hardware components in construction machinery telematics for vehicle monitoring

The construction machinery telematics consists of hardware including a telematics control unit or a telematics gateway unit, GPS receiver, engine interface, expander port, SIM card, accelerometer, buzzer to simplify vehicle monitoring and management, and remote car diagnosis. The construction machinery telematics software is the data-driven solution to construction site management and fundamentally changes the operations of job sites. Construction telematics software monitors fuel usage, driver behavior, asset location, and engine hours and predicts maintenance schedules to provide real-time cost analysis.

Sales Channel: Growing demand for original equipment manufacturers (OEMs) in in construction machinery telematics

The construction equipment telematics solutions are integrated into the new construction fleets by original equipment manufacturers (OEMs) to provide benefits, including vehicle tracking, equipment management, and improved maintenance. The aftermarket sales channels include integrating construction equipment telematics solutions to enhance the efficiency and safety of construction vehicles and equipment which are previously purchased.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. 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.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Construction Machinery Telematics Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Construction Machinery Telematics Market?

3. What are the technology trends and regulatory frameworks in the Construction Machinery Telematics Market?

4. What is the market share of the leading vendors in the Construction Machinery Telematics Market?

5. Which modes and strategic moves are suitable for entering the Construction Machinery Telematics Market?

Product Code: MRR-742BD517CDB5

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. The increasing number of residential and commercial building activities worldwide
  - 5.1.1.2. Growing investments in the digitalization of the construction sector
  - 5.1.1.3. Government regulations to improve safety across construction sites
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with construction telematics equipment
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of advanced construction equipment telematics software solutions
  - 5.1.3.2. Increasing focus on improving sustainability in the construction sector
- 5.1.4. Challenges
  - 5.1.4.1. Failure associated with telematics in construction machinery
5.2. Market Segmentation Analysis
- 5.2.1. Machinery Type: Increasing usage of excavators in construction machinery telematics to monitor engine performance
- 5.2.2. Solution: Rising preference for asset tracking solutions among the construction industry to monitor their equipments
- 5.2.3. Component: Expanding usage of hardware components in construction machinery telematics for vehicle monitoring
- 5.2.4. Sales Channel: Growing demand for original equipment manufacturers (OEMs) in in construction machinery telematics
5.3. Market Trend Analysis
- 5.3.1. Adoption of automation and digitalization in the construction sector with the availability of government regulation for safety across construction sites
- 5.3.2. Expanding construction activities and government initiatives to adopt advanced technologies in the construction sector
- 5.3.3. Initiatives for telematics promotion in Europe and the emergence of international market players in the Middle East & Africa
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Construction Machinery Telematics Market, by Machinery Type

6.1. Introduction
6.2. Backhoes
6.3. Crane
6.4. Excavator
6.5. Loaders
6.6. Telescopic Handling

7. Construction Machinery Telematics Market, by Solution

7.1. Introduction
7.2. Asset Tracking
7.3. Diagnostics & Maintenance
7.4. Fleet Management
7.5. Safety & Compliance

8. Construction Machinery Telematics Market, by Component

8.1. Introduction
8.2. Hardware
8.3. Software

9. Construction Machinery Telematics Market, by Sales Channel

9.1. Introduction
9.2. Aftermarket
9.3. OEM

10. Americas Construction Machinery Telematics Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Construction Machinery Telematics Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Construction Machinery Telematics Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. McGovern Plant Hire invest in Hitachi Construction Machinery equipped with mixed fleet telematics system CTFleet Link - Hitachi
- 13.3.2. Talpasolutions closes Euro 15 million Series B to boost industrial intelligence in heavy industry
- 13.3.3. IntelliShift Announced Procore Partnership
- 13.3.4. HCSS Partnered With Clue Insights to Give Construction Companies a Single View of Their Entire Operation and Its Assets
- 13.3.5. IntelliShift Extended Construction Fleet Data Automation Through Data Xchange Partnership
- 13.3.6. Volvo CE revealed Connected Map Technology for Vehicle Visualization
- 13.3.7. Trimble Announced Path Planning Technology Toward Autonomous Goal
- 13.3.8. Battery Ventures Agrees to Make Significant Investment to Drive Growth, Innovation in European Fleet-Management Technology Sector
- 13.3.9. Construction Photogrammetry Vendor Avvir Acquired by Hexagon AB
- 13.3.10. Geotab Becomes The First Dedicated Telematics Company To Receive SBTI Validation For Its Emissions Reduction Targets
- 13.3.11. Komatsu launched Smart Construction Retrofit Kit
- 13.3.12. Komatsu Acquired Australian Telematics Company
- 13.3.13. Hitachi Construction Machinery Americas Expands in North America and Latin America
- 13.3.14. Geotab and Free2move Partnered on Integrated Telematics Solution for Stellantis
- 13.3.15. Hitachi launched new telematics system - Construction Europe

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio