The data examined by GME predicted that by 2026, the Global Construction Machinery Telematics Market would grow with a CAGR value of 11.97 percent. As a result of massive developments in the smart commercial and residential building industry, as well as government policies supporting the manufacturing industry, the construction machinery telematics industry is expected to witness a significant growth rate.
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By Machinery Type (Crane, Excavator, Telescopic Handling, Loaders and Backhoes and Other Machinery Types), By Sales Channel Type (OEM, Aftermarket), By Telematic Feature (Tracking, Diagnostic and Other Telematic Features (Fleet or Asset Management, etc.), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights
• Excavators are likely to lead in machinery type segment because it incorporates novel technology and capabilities.
• OEM is likely to lead in sales channel type segment because it offers a diverse range of equipment.
• Fleet or asset management is presumed to be the leader in the telematics features segment because of a surge in demand from construction firms.
• North America is foreseen to be the market leader due to region’s notable players’ active participation.
• Key players operating in the telematics market in construction vehicles include Caterpillar Inc., Komatsu Ltd, Hyundai Construction Equipment, Hitachi Construction Machinery Co. Ltd, Volvo Construction Equipment, TomTom Telematics BV, HARMAN International, ORBCOMM, Topcon, and JCB.
Browse the Report @ https://www.globalmarketestimates.com/market-report/global-construction-machinery-telematics-market-3233
Machinery Type Outlook (Revenue, USD Million, 2021-2026)
• Crane
• Excavator
• Telescopic Handling
• Loaders & Backhoes
• Others
Sales Channel Type Outlook (Revenue, USD Million, 2021-2026)
• OEM
• Aftermarket
Telematic Feature Outlook (Revenue, USD Million, 2021-2026)
• Tracking,
• Diagnostic
• Others
• Fleet or Asset Management
Regional Outlook (Revenue, USD Million, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA
Contact: Yash Jain
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This release was published on openPR.
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