How big is the Global Off-Highway Vehicle Telematics Market?

The Global Off-Highway Vehicle Telematics Market size is expected to reach 7.59 billion units in 2024 and grow at a CAGR of 16.93% to reach 16.58 billion units by 2029. Read More

What is the current Global Off-Highway Vehicle Telematics Market size?

In 2024, the Global Off-Highway Vehicle Telematics Market size is expected to reach 7.59 billion units. Read More

Who are the key players in Global Off-Highway Vehicle Telematics Market?

Caterpillar Inc, Komatsu Ltd, JCB, Hitachi Construction Machinery Co., Ltd and Deere & Company are the major companies operating in the Global Off-Highway Vehicle Telematics Market. Read More

Which is the fastest growing region in Global Off-Highway Vehicle 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 Global Off-Highway Vehicle Telematics Market?

In 2024, the Asia-Pacific accounts for the largest market share in Global Off-Highway Vehicle Telematics Market. Read More

What years does this Global Off-Highway Vehicle Telematics Market cover, and what was the market size in 2023?

In 2023, the Global Off-Highway Vehicle Telematics Market size was estimated at 6.49 billion units. The report covers the Global Off-Highway Vehicle Telematics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Off-Highway Vehicle Telematics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Global Off-Highway Vehicle Telematics Market Share

Statistics for the 2023 & 2024 Global Off-Highway Vehicle Telematics market share, created by Mordor Intelligence™ Industry Reports. Global Off-Highway Vehicle 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 Global Off-Highway Vehicle Telematics Industry

The intensity of competitive rivalry is high, with multiple players vying for market share in a fairly contested space. The competition is expected to increase further with newer players looking to offer specialized offerings and innovative business models. The OEMs are venturing into the telematics space by offering in-house development of telematics hardware and software as a bundled solution to the fleet owners. This is creating a tough spot for aftermarket vendors.

In Jan 2022, Hilti and Trackunit announced a strategic partnership to eliminate downtime effectively. Hilti and Trackunit have formed a partnership to advance digital transformation in the construction industry focused on bringing global scale to the tool and equipment connectivity domain. It will also enable Trackunit to expansion in their telematics connectivity devices.
November 2021 - Hitachi Construction Machinery UK is providing a Hitachi ZX135US-7, which will help the construction company move towards its goal of a zero-carbon construction site. The ZX135US-7 has the latest Stage V engine and TRIAS III pump technology that is standard on the machine; it was also equipped with semi-automated Leica Geosystems machine control, Xwatch 5 height, and slew limiter Hitachi's real-time CT fleet link telematics system and fueled with Hydrotreated Vegetable Oil (HVO) fuel; demonstrating that HCMUK can help to pave the way for sustainability.
October 2021 - Komatsu Ltd and its wholly-owned subsidiary, Komatsu Europe International NV, announced that Komatsu FrontRunner, an autonomous haulage system (AHS), will be deployed on 11 930E-5 ultra-class haul trucks at Aitik, one oEurope's'soEurope's's largest open-pit copper mines, located in northern Sweden and owned by the Swedish company BolidenKomatsu's'sBolidenKomatsu's's approach for FrontRunner AHS brings together ultra-class dump trucks with ModulaMining's'sModulaMining's's industry-leading DISPATCH Fleet Management System, the preferred management system. The system enables 100% compliance with its proven optimization methodology.