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Construction Equipment Telematics Market Share

Report ID: GMI12462
Published Date: Nov 2024
Report Format: PDF

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Construction Equipment Telematics Market Share

Global Construction Equipment Telematics Company Market Share, 2024

In 2024, Caterpillar Inc., Komatsu Ltd., Hitachi, Volvo Construction, Teletrac Navman, Liebherr Group, and Trimble Inc. collectively captured a significant share of 39.8% in the market, driven by their extensive portfolios of advanced telematics solutions, strong global distribution networks, and continuous investments in innovation. These companies leverage cutting-edge technologies, including real-time monitoring, predictive maintenance, and AI-driven analytics, to enhance equipment performance, reduce operational costs, and meet the evolving needs of the construction industry. Their strategic collaborations and robust service support further strengthen their market position.

Construction Equipment Telematics Market Companies

Major players operating in the construction equipment telematics industry are:

Caterpillar
CNH Industrial
Hitachi
Komatsu
Liebherr
Mitsubishi Heavy Industries
Teletrac Navman
Trimble
Volvo

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The global construction equipment telematics industry was valued at USD 1.5 billion in 2024 and is projected to grow at a CAGR of 12.4% between 2025 and 2034, driven by urbanization and road infrastructure expansion.

Loaders and backhoes held a 24% market share in 2024, driven by the widespread adoption of telematics across various construction machinery, including compactors, graders, and dump trucks.

The U.S. market is projected to reach over USD 1.2 billion by 2034, driven by the rapid adoption of advanced technologies such as IoT, 4G/5G connectivity, and cloud computing.

Key players in the construction equipment telematics industry include Caterpillar, CNH Industrial, Hitachi, Komatsu, Liebherr, Mitsubishi Heavy Industries, Teletrac Navman, Trimble, and Volvo.