Market Overview:
The global construction equipment telematics market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for construction and mining equipment, and the need for improved safety and security in these industries. The cellular segment is expected to dominate the global construction equipment telematics market during the forecast period, owing to its low installation and maintenance costs as compared to satellite-based systems. However, satellite-based systems are expected to witness higher growth rates due to their wider coverage area as compared to cellular networks.
Product Definition:
Construction Equipment Telematics is the use of technology to improve the efficiency and safety of construction projects. This can include GPS tracking of equipment, real-time communication between workers and supervisors, and automated systems for ordering supplies and managing payroll. Construction Equipment Telematics can help reduce wasted time and money, as well as ensure that projects are completed safely and on schedule.
Cellular:
Cellular, it's usage.
*** The global construction equipment telematics market size was valued at USD 2.67 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period. Surging demand for real-time data on operational efficiency and safety is one of the key trends stoking market growth worldwide.
Satellite:
Satellite is a communication device using the electromagnetic spectrum to transmit signals. The term satellite can be used for man-made as well as natural satellites. A satellite is an artificial object in the sky, which reflects radio waves and hence, helps in communication. These reflectors or antennas are mounted on a rotating platform called orbiter that sends these reflected waves to the receiver antenna on earth by using an appropriate frequency of transmission.
Application Insights:
The construction application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the increasing number of infrastructure projects across the globe. For instance, according to a study by Dezan Shira Consulting, Inc., around 585 billion dollars were invested globally in 2016 and this amount is expected to increase to approximately 740 billion dollars by 2020, thus making it an attractive market for cellular telematics equipment manufacturers.
The mining application segment is anticipated to witness significant growth over the forecast period owing to rising demand for construction and excavation equipment across various mines including copper mine in Chile, gold mine in Australia and silver mine in Peru among others. Furthermore, growing demand from iron ore mines such as Rio Tinto Group¢â‚¬â„¢s Pilbara operation facility near Newman Point Australia will drive industry expansion further driving overall market growth worldwide.
Regional Analysis:
Asia Pacific construction equipment telematics market is expected to grow at the highest CAGR over the forecast period. The growth of this region can be attributed to increasing government investments in infrastructure development projects, rising demand for better facilities and improved safety standards among other factors. Moreover, growing adoption of advanced technologies such as remote monitoring & control systems is anticipated to drive regional growth over the forecast period.
The Asia Pacific was followed by Europe which accounted for a revenue share of 24% in 2017 owing to high demand from end-users including civil engineering firms and construction companies operating across European countries such as Germany, Italy and U.K., amongst others.
Growth Factors:
- Increasing demand for construction equipment due to growing infrastructure development activities across the globe.
- Rising adoption of construction equipment telematics systems by contractors and fleet operators for improving operational efficiency and reducing costs.
- Proliferation of smart devices and wireless technologies that are helping to drive the growth of construction equipment telematics market.
- Growing concerns among contractors regarding safety and security of workers, vehicles, and equipment during operations, which is fueling the demand for construction equipment telematics systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Construction Equipment Telematics Market Research Report
By Type
Cellular, Satellite
By Application
Construction, Mining, Others
By Companies
Trimble, Telogis, Heavy Construction Systems Specialists, Orbcomm, Geotab Inc., Zonar Systems Inc., Teletrac, Navman Group, ACTIA Group, LoJack Corporation, The Morey Corporation, TelliQ AB, Topcon Corporation, GPS TRACKIT, LHP Telematics, DPL Telematics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Construction Equipment Telematics Market Report Segments:
The global Construction Equipment Telematics market is segmented on the basis of:
Types
Cellular, Satellite
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trimble
- Telogis
- Heavy Construction Systems Specialists
- Orbcomm
- Geotab Inc.
- Zonar Systems Inc.
- Teletrac
- Navman Group
- ACTIA Group
- LoJack Corporation
- The Morey Corporation
- TelliQ AB
- Topcon Corporation
- GPS TRACKIT
- LHP Telematics
- DPL Telematics
Highlights of The Construction Equipment Telematics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cellular
- Satellite
- By Application:
- Construction
- Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Construction Equipment Telematics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Construction equipment telematics is a technology that allows construction workers to safely and efficiently work in close proximity to heavy equipment. Construction workers can use the technology to monitor the health and status of their machines, receive real-time alerts when problems arise, and remotely control them from a safe distance.
Some of the major companies in the construction equipment telematics market are Trimble, Telogis, Heavy Construction Systems Specialists, Orbcomm, Geotab Inc., Zonar Systems Inc., Teletrac, Navman Group, ACTIA Group, LoJack Corporation, The Morey Corporation, TelliQ AB, Topcon Corporation, GPS TRACKIT, LHP Telematics, DPL Telematics.
The construction equipment telematics market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Construction Equipment Telematics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Construction Equipment Telematics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Construction Equipment Telematics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Construction Equipment Telematics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Construction Equipment Telematics Market Size & Forecast, 2020-2028
4.5.1 Construction Equipment Telematics Market Size and Y-o-Y Growth
4.5.2 Construction Equipment Telematics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cellular
5.2.2 Satellite
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Mining
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Construction Equipment Telematics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Construction Equipment Telematics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cellular
9.6.2 Satellite
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Mining
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cellular
10.6.2 Satellite
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Mining
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cellular
11.6.2 Satellite
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Mining
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cellular
12.6.2 Satellite
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Mining
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cellular
13.6.2 Satellite
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Mining
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Construction Equipment Telematics Market: Competitive Dashboard
14.2 Global Construction Equipment Telematics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trimble
14.3.2 Telogis
14.3.3 Heavy Construction Systems Specialists
14.3.4 Orbcomm
14.3.5 Geotab Inc.
14.3.6 Zonar Systems Inc.
14.3.7 Teletrac
14.3.8 Navman Group
14.3.9 ACTIA Group
14.3.10 LoJack Corporation
14.3.11 The Morey Corporation
14.3.12 TelliQ AB
14.3.13 Topcon Corporation
14.3.14 GPS TRACKIT
14.3.15 LHP Telematics
14.3.16 DPL Telematics
