The Global Construction Equipment OEM Telematics Market
LONDON, Dec. 28, 2017 /PRNewswire/ -- The Global Construction Equipment OEM Telematics Market is a comprehensive report from Berg Insight analysing the latest developments on the market for OEM-provided construction equipment telematics systems.
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This strategic research report from Berg Insight provides you with 120 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.
Highlights from this report:
- Insights from numerous interviews with market-leading companies.
- New data on construction equipment sales and market shares.
- Comprehensive overview of the construction equipment telematics value chain and key applications.
- In-depth analysis of market trends and key developments.
- Updated profiles of 24 construction equipment OEMs and their telematics offerings.
- Market forecasts by region lasting until 2021.
Berg Insight forecasts 4.6 million active construction equipment OEM telematics systems by 2021
Berg Insight estimates that the global installed base of active construction equipment OEM telematics systems reached almost 1.8 million units in 2016. Growing at a compound annual growth rate (CAGR) of 21.3 percent, the active installed base is estimated to reach 4.6 million units worldwide in 2021.
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. Berg Insight estimates that the European market accounted for almost 0.4 million active construction equipment OEM telematics systems at the end of 2016. The North American market is estimated to be slightly larger than the European. The Rest of World is moreover estimated to represent 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 its customers either independently or in collaboration with telematics partners. OEM telematics systems are today commonly factory-installed as standard at least for heavier machines. Berg Insight 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 - which are also by far the leading construction equipment manufacturers in terms of market share - together account for more than one million telematics units today. 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 runners-up include Japan-based Hitachi Construction Machinery and South Korea-based Hyundai Construction Equipment. The former has surpassed the milestone of 200,000 telematics units. Other notable OEMs include JCB, Volvo CE and Deere & Company which are based in the UK, Sweden and the US respectively. South Korea-based Doosan Infracore, Liebherr based in Switzerland and CNH Industrial which is headquartered in the UK further all have global installed bases of construction equipment telematics units in the low tens of thousands.
This report answers the following questions:
- Which are the main telematics systems offered by construction equipment manufacturers?
- Which are the key construction equipment telematics applications?
- What business models are used by OEMs offering telematics?
- Which construction equipment manufacturers have developed their telematics offerings in-house?
- Which OEM telematics offerings are powered by telematics partners?
- How does the construction equipment OEM telematics market compare with other commercial telematics markets?
- Are there regional variations on the global market for construction equipment telematics?
- How will the construction equipment OEM telematics market evolve in the future?
Who should buy this report?
The Globall Construction Equipment OEM Telematics Market is the foremost source of information about the market for OEM-provided construction equipment telematics systems.
Whether you are an equipment manufacturer, telematics vendor, telecom operator, investor, consultant, or government agency, you will gain valuable insights from our in-depth research.
Download the full report: https://www.reportbuyer.com/product/5248834
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