Construction & Heavy Equipment Telematics Market - Trends Forecast Till 2028

Market Overview

Global Construction & Heavy Equipment Telematics market is anticipated to reach USD 676.8 million in 2021 growing at a CAGR of 17.3% during the forecasting period, 2021-2028.

Telematics is a system that uses GPS technology in a combination with on-board diagnostics and monitoring sensors, log and report data via cellular networks on the performance and operation for construction equipment’s. The data deceived from the machines is used to improve and increase the productivity. It also helps to monitor and control heavy equipment’s along with asset allocation, maintenance and schedule of repair of machines, analysis of performance, analysing fuel production and other aspects.

Recent raise in demand for telematics along with governmental policies are some of the factors that have supported long-term expansion for Construction & Heavy Equipment Telematics industry.

Key Findings

Global Construction & Heavy Equipment Telematics market is segmented into Solution, Industry, Technology, Hardware, Form Factor, Vehicle Category and geography.

Solution segment is segmented into Asset Tracking, Diagnostics, and Fleet Safety

Application segment is segmented into Construction, Mining, and Tractor

Geographically, global Construction & Heavy Equipment Telematics market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in global Construction & Heavy Equipment Telematics market are Verizon (US), Trimble Inc. (US), Topcon Corporation (Japan), Hexagon AB (Sweden), and Robert Bosch GmbH (Germany) among others.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Construction & Heavy Equipment Telematics market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope