The global installed base of active construction equipment (CE) OEM telematics systems is set for a CAGR of 11.5% till 2029, according to Berg Insight.

The IoT market research provider found the market reached 7.8 million units in 2024. With a CAGR of 11.5%, the active installed base is forecasted to reach 13.4 million units worldwide in 2029.

This includes all CE telematics systems marketed by construction equipment OEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players.

The European market accounted for around 1.1 million active construction equipment OEM telematics systems at the end of 2024. The North American market is estimated to be somewhat larger than the European. The rest of world represents more than half of the global installed base.

“Most major construction equipment OEMs have introduced telematics offerings for their customers either independently or in collaboration with telematics partners,” said Rickard Andersson, principal analyst at Berg Insight.

He added that OEM telematics systems were today commonly factory-installed as standard at least for heavier machines and increasingly also for compact equipment.

“Berg Insight ranks Caterpillar as the leading construction equipment OEM in terms of the number of CE telematics systems deployed worldwide,” said Andersson.

Caterpillar – which is also by far the leading construction equipment manufacturer by market share – has well over a million connected assets in the construction equipment segment specifically. Based in the USA, Caterpillar’s largest markets for its telematics offerings are North America and Europe. The runners-up are Sany and Komatsu based in China and Japan, respectively, both major players in their domestic markets. Komatsu also has relatively large shares of its telematics units in North America, China and Europe.

“Other major players with several hundred thousand active CE telematics units include Sweden-based Volvo Construction Equipment, XCMG and Zoomlion in China, JCB headquartered in the UK, and Japan-based Hitachi Construction Machinery,” said Andersson.

The remaining top-ten players are Deere & Co and Doosan Bobcat, while companies just outside the top list include HD Hyundai and Yanmar. Kobelco, Kubota and JLG Industries also have sizeable installed bases of connected equipment.

“Additional players having estimated installed bases of construction equipment telematics units in the tens of thousands include Terex, Liebherr, CNH Industrial, LiuGong, Tadano and Bomag,” said Andersson.

Download the report brochure at media.berginsight.com/2025/12/15204405/bi-ce8-ps.pdf.