/PRNewswire/ The "Indonesia Construction Equipment Market - Strategic Assessment & Forecast 2022-2028" report has been added to ResearchAndMarkets.com s.
/PRNewswire/ The demand for construction machinery is significantly influenced by growth in the building and construction market. The global building and.
/PRNewswire/ The demand for construction machinery is significantly influenced by growth in the building and construction market. The global building and.
Dec 28, 2020
Berg Insight estimates that the global installed base of active off-highway vehicle telematics systems reached 4.4 million units in 2019.
This includes connected units deployed on various off-highway vehicles across the construction, mining, agriculture and forestry sectors.
The construction sector accounts for the largest share, driven by OEM telematics systems offered by heavy equipment manufacturers. Agriculture and mining moreover each account for a similar number of connected units deployed on machines and vehicles used in agricultural and mining operations respectively. The remainder is represented by the forestry sector including telematics systems fitted to various forestry equipment.
Growing at a compound annual growth rate (CAGR) of 15,4%, the active installed base of off-highway vehicle telematics systems is forecasted to reach 9-million units worldwide in 2024.