Dublin, May 13, 2019 (GLOBE NEWSWIRE) -- The "Material Handling Equipment Telematics Market Size, Share & Trends Analysis Report By Product (Earth Moving Equipment, Tractors, Trucks, Cranes, Forklifts), By Region, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global material handling equipment telematics market size is expected to reach USD 7.6 billion by 2025, according to this study., exhibiting a CAGR of 11.7% during the forecast period.
Technological advancements in the field of telematics and improved connectivity services have resulted in increased integration of telematics solutions in off-highway equipment.
Rising number of sensor nodes being embedded in the equipment are used to transmit real-time data and collect a variety of information regarding equipment's location, fuel consumption, and distance travelled, among others. This data is further being used by fleet operators to make prompt business decisions and improve their operational efficiency. Material handling equipment telematics solutions are also increasingly enabling operators to monitor and manage fleet operations in real time to improve cost savings, productivity, and customer gratification.
Material handling equipment telematics solutions are being increasingly integrated into a range of equipment used in the construction, agriculture, manufacturing, and mining industries. The adoption of telematics solutions in the construction sector is especially rising as numerous OEMs are deploying these solutions in their products for added benefits such as keeping an effective track of equipment performance, reduction in fuel consumption, and theft reduction. This trend is expected to have a positive impact on the growth of the global material handling equipment telematics market.
However, lack of advanced networking technologies in developing regions, which are required for enabling reliable and high-speed connected infrastructures, is likely to present substantial concerns regarding data privacy and data security. This will, thus, hinder the adoption of telematics in material handling equipment. Furthermore, concerns such as complexity of deployment of telematics solutions and lack of standardization are also expected to hamper growth prospects of the market.
Further key findings from the study suggest:
- In 2017, the truck telematics segment accounted for over 20.0% of the overall revenue.; Growing concerns related to vehicle security, safety, and traffic congestion are expected to drive the growth of the truck telematics segment
- In regions such as North America and Europe, wireless connectivity infrastructure is well-developed, facilitating widespread investments in telematics solutions among fleet operators.
- North America is projected to dominate the market through 2025, whereas Asia Pacific will register the highest growth during the same period
- Some of the prominent players in the material handling equipment telematics market are TomTom International BV, ORBCOMM, MiX Telematics, Teletrac Navman US Ltd., Omnitracs, and Zonar Systems.
- These players are focused on collaboration opportunities with numerous stakeholders and innovations through increased resources diverted towards R&D activities.
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Material Handling Equipment Telematics Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2. Material handling equipment telematics - Key regional takeaways
Chapter 3. Material Handling Equipment Telematics Industry Outlook
3.1. Market Segmentation
3.2. Market size and growth prospects
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Need for enhanced operational efficiency
3.4.1.2. Growing construction sector
3.4.1.3. Increasing government regulations and safety norms
3.4.2. Market restraint analysis
3.4.2.1. Network challenges in developing nations
3.4.3. Market opportunity analysis
3.4.3.1. Advent of autonomous off-highway vehicles
3.4.3.2. Rapid increase in industrial and infrastructural activities across the globe
3.5. Penetration and Growth Prospects Mapping
3.6. Industry Analysis - Porter's Five Force Analysis
3.7. PEST Analysis
Chapter 4. Material Handling Equipment Telematics Market: Product Outlook
4.1. Material Handling Equipment Telematics Market Estimates & Forecasts, By product, 2017 & 2025 (USD Million)
4.2. Aerial Work Platform
4.3. Forklift
4.3.3. Truck Mounted Forklift
4.3.4. Articulated Forklift
4.3.5. Side Loader
4.3.6. Others
4.4. Crane
4.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
4.4.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million)
4.4.3. Port Crane
4.4.4. Truck Mounted Crane
4.4.5. Others
4.5. Earthmoving Equipment
4.5.3. Spreader
4.5.4. Articulated Wheel Loader
4.5.5. Farm Implements
4.5.6. Road Work Vehicle
4.5.7. Self-propelling AG machine
4.5.8. Others
4.6. Truck
4.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
4.6.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million)
4.6.3. Military Vehicle
4.6.4. Trailer
4.6.5. Others
4.7. Tractor
4.7.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
4.7.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million)
4.7.3. Terminal Tractor
4.7.4. Tow Tractor
4.7.5. Others
4.8. Telehandler
4.9. Others
4.9.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
4.9.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million)
4.9.3. Sweeper & Scrubber
4.9.4. Personnel & Burden Carrier
4.9.5. Power Generation/Light Station
4.9.6. Others
Chapter 5. Material Handling Equipment Telematics Market: Regional Outlook
5.1. Material Handling Equipment Telematics Market Estimates & Forecasts, By Region, 2017 & 2025 (USD Million)
Chapter 6. Competitive Landscape
- Cat Lift Trucks
- Caterpillar
- Toyota Material Handling USA
- The Raymond Corporation
- Clark
- Mitsubishi Forklift Trucks
- Konecranes
- Hiab
- Mahindra Construction Equipment
- Doosan Corporation
- Hyundai Construction Equipment Co., Ltd.
- JLG Industries
- Trackunit A/S
- ZTR Control Systems, LLC
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