How big is the Construction Machinery Telematics Market?

The Construction Machinery Telematics Market size is expected to reach USD 1.19 billion in 2024 and grow at a CAGR of 13.02% to reach USD 2.48 billion by 2029. Read More

What is the current Construction Machinery Telematics Market size?

In 2024, the Construction Machinery Telematics Market size is expected to reach USD 1.19 billion. Read More

Who are the key players in Construction Machinery Telematics Market?

Caterpillar Inc., Komatsu Ltd, Hitachi Construction Machinery Co. Ltd, Volvo Construction Equipment and CNH Industrial NV are the major companies operating in the Construction Machinery Telematics Market. Read More

Which is the fastest growing region in Construction Machinery Telematics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Construction Machinery Telematics Market?

In 2024, the Asia Pacific accounts for the largest market share in Construction Machinery Telematics Market. Read More

What years does this Construction Machinery Telematics Market cover, and what was the market size in 2023?

In 2023, the Construction Machinery Telematics Market size was estimated at USD 1.04 billion. The report covers the Construction Machinery Telematics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Construction Machinery Telematics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Construction Machinery Telematics Market Share

Statistics for the 2023 & 2024 Construction Machinery Telematics market share, created by Mordor Intelligence™ Industry Reports. Construction Machinery Telematics share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Construction Machinery Telematics Industry

Several key players dominate the market, including Caterpillar, Komatsu Ltd., Hitachi Construction Equipment Co. Ltd., Hyundai Construction Equipment Ltd, Volvo Construction Equipment, and others. To meet the growing demands of construction fleet operators, many construction machinery manufacturers are placing a strong emphasis on integrating cutting-edge telematics solutions into their product offerings. For instance:

In June 2023, Southern Cranes, based in Sussex, announced a partnership with Webfleetpartner AES fleet. They have initiated the deployment of an integrated camera telematics solution across their extensive fleet, which consists of 91 cranes, vans, and heavy haulage transport vehicles.

In May 2023, Terex Rough Terrain Cranes introduced the TRT 65, an off-road crane equipped with the TerexT-Telematics solution, providing real-time performance data for the crane.