According to the study, Evolution of 5G Network Technology and Emerging Trend of GPS Technology Among the End-Users for Telematics System
is one of the primary growth factors for the market. Growing Popularity of Heavy Equipment Telematics in the Construction Industry for Monitoring and Improve Operations
is also expected to contribute significantly to the Construction Equipment Telematics market. Overall, Location Tracking/Monitoring
applications of Construction Equipment Telematics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as ORBCOMM (United States), Sharemac (Germany), Rosenberger Telematics (Germany), Trimble (United States), Teletrac Navman (United States), LoJack Corporation (United States), DPL Telematics (United States), TelliQ AB (Sweden), Verizon (United States), Geotab (Canada), Omnitracs (United States), Topcon Positioning Systems, Inc. (United States), Bosch Rexroth AG (Germany) and Bridgestone (Japan) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Construction Equipment Telematics market identified that the demand is rising in many different parts of the world as "High Growth of Heavy Equipment Telematics in North American Countries Especially in the United States". Furthermore, some recent industry insights like "In September 2021, ZTR and Trackunit combined their resources to accelerate innovation and digital transformation to meet the growing demand for telematics systems in the construction industry. By combining with Trackunit, ZTR will be able to operate on a global scale to provide its offering to OEMs, rental companies, and contractors." is constantly making the industry dynamic. One of the challenges that industry facing is "Presence of a Large Number of Players in the Global Market Can Create Challenges"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Construction Equipment Telematics market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Construction Equipment Telematics market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Construction Equipment Telematics market tight? Which application/end-user category or Product Type [Unpowered Equipment Telematics, Powered Equipment Telematics and Heavy Equipment Telematics] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Construction Equipment Telematics market and other related sub-markets covered in the study.
o Key & emerging players in the Construction Equipment Telematics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Construction Equipment Telematics market size is calculated using market estimation process, the Construction Equipment Telematics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Construction Equipment Telematics market size has been validated using both top-down and bottom-up approaches.