Report Forecasts 4.6MM Construction Equipment Telematics Systems by 2021



According to a report from Research and Markets, 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%, the active installed base is estimated to reach 4.6 million units worldwide in 2021. This includes all telematics systems marketed by construction equipment OEMs, either developed in-house or provided by the manufacturers in partnership with third-party telematics players.

The report estimates that the European market accounted for almost 400,000 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 estimated to represent more than half of the global installed base of 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 commonly factory-installed as standard, at least for heavier machines.

The report ranks Caterpillar and Komatsu as the leading construction equipment OEMs in terms of the number of telematics systems deployed worldwide. Based in the U.S. and Japan, respectively, the two companies 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 and Deere, which are based in the UK, Sweden and the U.S. respectively. Doosan Infracore, Liebherr and CNH Industrial have global installed bases of construction equipment telematics units in the low tens of thousands.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com