The Global Construction Equipment OEM Telematics Market – 3rd Edition

The Global Construction Equipment OEM Telematics Market – 3rd Edition

  • July 2020 •
  • 140 pages •
  • Report ID: 5248834 •
  • Format: PDF
The analyst has found that the global installed base of active construction equipment OEM telematics systems reached almost 3.4 million units in 2019. Growing at a compound annual growth rate (CAGR) of 15.6 percent, the active installed base is forecasted to reach 6.9 million units worldwide in 2024. This includes all CE telematics systems marketed by construction equipment OEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players. The North American market accounted for around 0.7 million active construction equipment OEM telematics systems at the end of 2019. The European market is estimated to be slightly larger than the North American. The Rest of World moreover represents more than half of the global installed base of CE telematics systems provided by construction equipment OEMs. 

Most major construction equipment OEMs have introduced telematics offerings for their customers either independently or in collaboration with telematics partners. OEM telematics systems are today commonly factory-installed as standard at least for heavier machines. The analyst ranks Caterpillar and Komatsu as the leading construction equipment OEMs in terms of the number of CE telematics systems deployed worldwide. Based in the US and Japan respectively, the two companies are also by far the leading construction equipment manufacturers in terms of market share. Caterpillar has now reached the milestone of 1 million connected assets across all segments. Caterpillar’s largest markets for its telematics offerings are North America and Europe while Komatsu has the largest share of its telematics units in Japan and China followed by North America and Europe. The remaining top-5 players include UK-based JCB, Japan-based Hitachi Construction Machinery and China-based SANY which all have hundreds of thousands of active units. Sweden-based Volvo Construction Equipment also has an installed base in the hundreds of thousands. Other notable OEMs offering CE telematics solutions include Deere & Company and Doosan Infracore which are based in the US and South Korea respectively. Additional players having installed bases of construction equipment telematics units in the tens of thousands include Liebherr, CNH Industrial, Hyundai Construction Equipment, Tadano and JLG Industries.