fbpx

Global Material Handling Equipment Telematics Report 2023: In-depth Analysis of Market Trends and Key Developments – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The

This report covers the latest trends and developments in the dynamic telematics industry. The analyst forecasts that the installed base of material handling equipment telematics systems in Europe and North America will grow at a CAGR of 17.0 percent from 1.4 million units at the end of 2022 to 3.2 million units by 2027. Get up to date with the latest information about vendors, products, and markets.

Equipment manufacturers and aftermarket providers alike have offered material handling equipment (MHE) telematics systems for decades. An increasing share of material handling equipment such as forklifts are now equipped with telematics-enabled fleet management systems.

The analyst estimates that the installed base of active material handling equipment telematics systems in Europe will reach more than 0.9 million units in 2022. Growing at a compound annual growth rate (CAGR) of 16.6 percent, the active installed base is forecasted to reach 2.0 million units in Europe by 2027.

In North America, the installed base of active material handling equipment telematics systems is estimated to be over 0.5 million units in 2022. The active installed base is forecasted to grow at a compound annual growth rate (CAGR) of 17.8 percent to reach 1.2 million material handling equipment telematics systems in North America in 2027.

The analyst ranks Linde Material Handling (KION Group) and Toyota Material Handling (Toyota Industries) as the largest providers of material handling equipment telematics solutions. Including the sister brands STILL (KION Group) and Raymond (Toyota Industries) respectively, both groups have installed bases of several hundred thousand units deployed on forklifts and similar. Toyota Industries and KION are also established as the leading manufacturers of forklifts in terms of global market share.

Additional top players include Jungheinrich and Crown Equipment, both having estimated installed bases of over 100,000 active units, followed by Speedshield Technologies which is primarily a supplier to Hyster-Yale Group (HYG). Other leading aftermarket solution providers include Powerfleet and GemOne. Diverse players such as Davis Derby, EC2E, Collective Intelligence, Komatsu, Litum, Kiwitron, and ELOKON are also active in this space, all having installed bases of more than 10,000 units for material handling equipment such as forklifts.

An increasing share of material handling equipment such as forklifts are now equipped with telematics-enabled fleet management systems. Europe and North America represent advanced telematics markets in this segment. The analyst estimates that the installed base of active material handling equipment telematics systems in Europe will reach more than 0.9 million units in 2022.

Growing at a compound annual growth rate (CAGR) of 16.6 percent, the active installed base is forecasted to reach 2.0 million units in Europe by 2027. In North America, the installed base of active material handling equipment telematics systems is estimated to be over 0.5 million units in 2022. The active installed base is forecasted to grow at a compound annual growth rate (CAGR) of 17.8 percent to reach 1.2 million material handling equipment telematics systems in North America in 2027.

Highlights from the report:

  • Insights from numerous interviews with market-leading companies.
  • Introduction to material handling equipment and associated telematics solutions.
  • Comprehensive overview of the material handling equipment telematics value chain.
  • In-depth analysis of market trends and key developments.
  • Profiles of 22 companies offering material handling equipment telematics solutions.
  • Market forecasts by region lasting until 2027

This report answers the following questions

  • What different players are involved in the material handling equipment telematics value chain?
  • Which are the major specialized providers of MHE telematics solutions?
  • What offerings are available from the material handling equipment OEMs?
  • What differences are there between the European and North American markets?
  • What are the price levels for material handling equipment telematics solutions?
  • Which trends and drivers are shaping the market?
  • How will the material handling equipment telematics industry evolve in the future?

Key Topics Covered:

1 Material Handling Equipment and Telematics Solutions

2 Forecasts and Conclusions

3 Company Profiles

3.1 OEM products and strategies

3.1.1 Cargotec

3.1.2 Crown Equipment

3.1.3 Hyundai Material Handling

3.1.4 Jungheinrich

3.1.5 Komatsu

3.1.6 Linde Material Handling (KION Group)

3.1.7 Raymond (Toyota Industries)

3.1.8 STILL (KION Group)

3.1.9 Toyota Material Handling (Toyota Industries)

3.2 Aftermarket solution providers

3.2.1 Collective Intelligence

3.2.2 Davis Derby

3.2.3 EC2E

3.2.4 ELOKON

3.2.5 GemOne

3.2.6 Kenco

3.2.7 Kiwitron

3.2.8 Litum

3.2.9 Powerfleet

3.2.10 RCT

3.2.11 SIERA.AI

3.2.12 Speedshield Technologies

3.2.13 Trio Mobil

For more information about this report visit https://www.researchandmarkets.com/r/9uy3ds

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

SHARE VIA:
Facebook
LinkedIn
Twitter
Email

Sign-up for the Collision Repair daily e-zine and never miss a story –  SUBSCRIBE NOW FOR FREE!

Related Posts

Arslan Accuvision
PlayPlay
Fix Conference
PlayPlay
Fix Canada Conference
PlayPlay
previous arrow
next arrow

Recent Products

Recent Posts

Stay on top of the latest INDUSTRY news and trends by subscribing to our daily e-zine!

Our other sites

Our other sites

Days
Hours
Minutes
Seconds