Construction Equipment OEM Telematics System Market, By Type (CE, GNSS, Network), By Application (Tracking and Monitor, Maintenance, Others), By Region Analysis - Global Analysis and Industry Forecast Report Till 2030.

Construction Equipment OEM Telematics Market is projected to grow at a CAGR of 12.5% during the forecast period.

Construction Machinery telematics equipment is an electronic device that tracks engine hours, sends notifications for mileage reports, and keeps an eye on fuel usage to give users real-time access to machines. Also, when a piece of equipment equipped with electronic monitors experiences a problem, management officials can be notified via fault codes.

Most of the major construction equipment OEMs have introduced telematics   to their customers. OEM telematics systems are now frequently factory-installed as standard equipment at least for heavier machines.

Market Dynamics:

Drivers:

Governments around the world are now focusing on making off-highway equipment more efficient and safer. Currently, a lot of regional governments are concentrating on installing vehicle tracking in large trucks. These vehicles are equipped with a tracking device, Closed-Circuit Television (CCTV)-based surveillance system, and one or more emergency buttons, which would be fitted by the manufacturer. The major reason behind this mandate is safety. This has helped boost the growth of Construction Equipment OEM Telematics System Market.

Restraints:

A significant barrier to the adoption of advanced fleet management technology is the fleet owners' cost sensitivity. Every fleet vehicle must have a tracking device, networking gear, and a navigation system installed to use a fleet management system. For small firms, this is quite likely to result in expensive installation and implementation charges. Large enterprises are equally sensitive to costs, in addition to SMEs. The fleet budgets of large enterprises are often higher than those of SMEs, but due to the high quality and size of their fleets, they are also impacted by a variety of variables, including rising fuel prices, driver weariness, and high insurance costs.

Opportunities:

Electronic Logging Device (ELD) is required for any self-propelled or towed motorized vehicles in the off-highway sector, including dump trucks and cement mixers. According to the new rule agricultural equipment has received some limited exemptions. This has been done to record driving time more efficiently and accurately for Hours of Service purposes, an ELD synchronizes with a vehicle's engine. Paper logs and an older recorder known as the Automatic On-Board Recording Device are likely to be replaced by ELD (AOBRD). This has resulted in Construction Equipment OEM Telematics System Market gaining a new source of income and propelling its growth.

Key Players:

• JCB

• BOMAG

• Kubota

• SANY

• Tadano

• Terex

• Doosan Bobcat

• Wacker Neuson

• Deere & Company

• Mecalac

• CNH Industrial

• JLG Industries

• Link-Belt Cranes and LBX (Sumitomo)

• LiuGong

• Takeuchi

• Hyundai Construction Equipment

• Hitachi Construction Machinery

• Hyundai Doosan Infracore

• Caterpillar

• Kobelco

• Bell Equipment

• Mahindra & Mahindra

• Liebherr

• Komatsu

• Manitowoc

Market Segmentation:

Construction Equipment OEM Telematics System Market, By Type: 

• CE

• GNSS

• Network

Construction Equipment OEM Telematics System Market, By Application: 

• Tracking and Monitor

• Maintenance

• Others

Construction Equipment OEM Telematics System Market, By   Region: 

• North America

• Europe

• Asia-Pacific

Regional Analysis:

North America is projected to be the largest Construction Equipment OEM Telematics System Market during the forecast period. North America is also home to several telematics solution providers. The market is driven by the promising off-highway industry which has increased the demand for telematics solutions.

The Asia-Pacific region is projected to capture the Construction Equipment OEM Telematics System Market. The major driving force in driving the market growth is the availability of heavy equipment. The rising consumer base in this region will contribute in boosting the growth of the market.

Scope of the Report:

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