Construction and Heavy Equipment Telematics Market Outlook, Dynamics and Strategic Insights by 2031

MARKET INTRODUCTION

Construction and heavy equipment telematics is a system that combines GPS technology, and monitoring sensors to track, log and report data through cellular networks. The global construction & heavy equipment telematics is being driven by increasing demand for telematics in off-highway equipment and government mandates on safety and security of off-highway equipment. Furthermore, ELD mandate for construction and mining equipment and standards for autonomous mining equipment will provide new opportunities for the global construction & heavy equipment telematics industry.

MARKET DYNAMICS

Increasing demand for telematics in off-highway equipment is driving the growth of the construction and heavy equipment telematics market. However, the cost sensitivity of fleet owners may restrain the growth of the construction and heavy equipment telematics market. Furthermore, government mandates on safety and security of off-highway equipment is anticipated to create market opportunities for the construction and heavy equipment telematics market during the forecast period.

MARKET SCOPE

The "Global Construction and Heavy Equipment Telematics Market Analysis To 2031" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The construction and heavy equipment telematics market report aims to provide an overview of the construction and heavy equipment telematics market with detailed market segmentation by solution, industry, technology, vehicle category, and geography. The global construction and heavy equipment 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 and heavy equipment telematics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global construction and heavy equipment telematics market is segmented on the basis of solution, industry, technology, and vehicle category. Based on solution, the construction and heavy equipment telematics market is segmented into: asset tracking, fuel management, fleet performance reporting, fleet maintenance, fleet safety, and others. On the basis of industry, the construction and heavy equipment telematics market is segmented into: construction, agriculture, and mining. Similarly, based on technology, the construction and heavy equipment telematics market is segmented into: cellular and satellite. Further, on the basis of vehicle category, the construction and heavy equipment telematics market is segmented into: new sales and existing fleet.

REGIONAL FRAMEWORK

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 and heavy equipment 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 and heavy equipment telematics market by each region is later sub-segmented by respective countries and segments. The construction and heavy equipment telematics market 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 the construction and heavy equipment 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 highlighting factors affecting the construction and heavy equipment telematics market in these regions.

MARKET PLAYERS

The reports cover key developments in the construction and heavy equipment 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 way for the expansion of business and customer base of market players. The market players from construction and heavy equipment telematics market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the construction and heavy equipment telematics market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the construction and heavy equipment telematics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- ACTIA Group

- CalAmp

- Hexagon AB

- ORBCOMM

- Robert Bosch GmbH

- Sierra Wireless

- Topcon Corporation

- Trimble Inc.

- Verizon Communications Inc.

- Webfleet Solutions B.V.

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.

Construction and Heavy Equipment Telematics Report Scope