The Material Handling Equipment Telematics Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Material Handling Equipment Telematics Market?
The Material Handling Equipment Telematics Global Market Report 2025 shows a significant increase in market size. Previously being $5.42 billion in 2024, it is expected to rise to $6.17 billion in 2025. This is with a compound annual growth rate (CAGR) of 13.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Material Handling Equipment Telematics Industry?
The Material Handling Equipment Telematics Global Market is projected to grow to a size of $10.27 billion in 2029, with a CAGR of 13.6%.
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What are the Key Growth Drivers Fueling the Material Handling Equipment Telematics Market?
The key drivers in the Material Handling Equipment Telematics market are:
• Increasing automation in warehouses
• Growing emphasis on sustainability in material handling
• Rising adoption of autonomous material handling equipment
• Growing investment in digital twins technologies in the sector
Global Market Segmentation: Identifying Major Material Handling Equipment Telematics Industry Segments
The material handling equipment telematics market covered in this report is segmented –
1) By Product: Aerial Work Platform, Forklift, Cranes, Earthmoving Equipment, Truck, Tractor, Telehandler, Other Products
2) By Solution: Asset Tracking, Fleet Management, Predictive Maintenance, Operational Analytics
3) By End-Use Industry: Logistics And Transportation, Warehousing And Distribution, Manufacturing, Construction, Mining
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What are the Emerging Trends Shaping the Future of the Material Handling Equipment Telematics Market?
The key trends in the Material Handling Equipment Telematics market are:
• The market is witnessing a rise in artificial intelligence-powered predictive analytics.
• Real-time remote monitoring is gaining traction.
• Edge computing for faster data processing is becoming increasingly essential.
• Fifth-generation-enabled telematics solutions are becoming popular, along with autonomous material handling systems and IoT-based condition monitoring.
Who Are the Top Competitors & Leading Players in the Material Handling Equipment Telematics Market?
Major companies in the Material Handling Equipment Telematics market are:
• Caterpillar Inc.
• Komatsu Ltd.
• Toyota Industries Corporation
• Doosan Corporation
• Jungheinrich Aktiengesellschaft
• Cargotec Oyj
• Konecranes Oyj
• Manitou BF SA
• Kenco Group Inc.
• EquipmentShare.com Inc.
• Samsara Inc.
• The Raymond Corporation
• Geotab Inc.
• Telit Cinterion Ltd.
• MH Equipment Company
• PowerFleet Inc.
• Clark Material Handling Company
• Mid Columbia Forklift Inc.
• Blackbox GPS Technology Private Limited
• Cognecto Private Limited
Regional Dominance: Which Area Leads the Global Material Handling Equipment Telematics Market?
North America was the largest region in the material handling equipment telematics market in 2024
