Event Analysis

Summary

The global installed base of active construction equipment OEM telematics systems reached almost 4.1 million units in 2020. Growing at a compound annual growth rate (CAGR) of 15.3 percent, the active installed base is forecasted to reach 8.3 million units worldwide in 2025. The off-highway equipment industry is becoming highly technology-oriented amid labor shortages, conditions arising from the COVID-19 pandemic, and increasing demand for productivity.

Reference Articles