6.8 Million Connected Heavy Construction Machines to be Shipped till 2025

Caterpillar, Komatsu, Hitachi, JCB and Volvo to account for 65% of the total connected heavy construction machines that will be shipped during 2018-2025.

    New Delhi, Hong Kong, Seoul, London, Beijing, San Diego, Buenos Aires – April 9, 2019

 A total of 6.8 million construction machines with embedded connectivity will be sold during 2018-2025, according to the latest research from Counterpoint’s IoT Device Tracker Service. This would mean the global Internet of Things (IoT) Construction Equipment market will grow at 25% CAGR through 2025. Construction equipment includes off-road construction equipment like earth-movers (excavators and loaders), material handlers (cranes), off-road trucks, and machines used for activities like road construction and mining.

In 2018, Caterpillar had the highest market share, followed by Komatsu and Hitachi. Caterpillar partnered with AT&T to provide 4G LTE connectivity to its customers across the globe. AT&T provides a global SIM Card in addition to IoT management services to track, manage, and deploy asset connectivity across 155 countries.

     Exhibit 1: IoT Construction Equipment Share by Brands in 2018E

IoT Connected Construction Equipment

Source: Global Cellular IoT Device Tracker 2018-2025

Construction equipment OEMs introduced embedded telematics systems using wireless cellular communication technology, either independently or in partnership with third-party aftermarket telematics players. Key aftermarket telematics players include Trimble, Telogis, Heavy Construction Systems Specialists, Orbcomm, Geotab, Zonar Systems, Teletrac, Navman Group, ACTIA Group, LoJack, The Morey Corporation, TelliQ, and others. Typically, OEMs are embedding heavy construction machines with a cellular modem, while access to services is complimentary for three to five years.

Commenting on the findings of the study, Senior Analyst, Hanish Bhatia said, “Traditionally, satellite communication dominated this space, but OEMs have shifted to cellular connectivity in the past few years. OEMs are partnering with third-party aftermarket telematics firms, which provide end-to-end telematics solutions. Remote diagnostics, maintenance, fuel consumption, and other machine usage trends, remain the key application areas.”

Adding his perspective, Research Analyst, Satyajit Sinha noted, “IoT connectivity is critical when it comes to heavy construction machinery. The technology helps fleet owners keep track of machine downtime, resulting in significant cost savings. Also, safety remains a key issue at construction sites and connectivity has helped companies minimize accidents. We expect most OEMs to adopt embedded cellular connectivity across their products by 2025.”

The comprehensive and in-depth report on “Global IoT Construction Equipment Forecast: 2018-2025” is a part of our Counterpoint’s IoT (Internet of Things) Service. This report is available for download here.


Counterpoint Technology Market Research is a global research firm specializing in Technology products in the TMT industry. It services major technology firms and financial firms with a mix of monthly reports, customized projects and detailed analysis of the mobile and technology markets. Its key analysts are experts in the industry with an average tenure of 13 years in the high-tech industry.

Analyst Contacts:

Hanish Bhatia
+91 9871849857

 Satyajit Sinha

Hanish is an Associate Director with Counterpoint Technology based in Toronto, Canada. He has 8+ years of industry experience in providing market research and strategic consulting across various industry sectors. He tracks developments in the mobile handset, telecom and IoT industry value chain. He brings in the vast experience of providing advisory services to OEMs & component manufacturers, network operators, private equity firms and technology companies. He played a pivotal role in helping Chinese OEMs set up their manufacturing base in India under the “Make in India” program.

Term of Use and Privacy Policy

Counterpoint Technology Market Research Limited


In order to access Counterpoint Technology Market Research Limited (Company or We hereafter) Web sites, you may be asked to complete a registration form. You are required to provide contact information which is used to enhance the user experience and determine whether you are a paid subscriber or not.
Personal Information When you register on we ask you for personal information. We use this information to provide you with the best advice and highest-quality service as well as with offers that we think are relevant to you. We may also contact you regarding a Web site problem or other customer service-related issues. We do not sell, share or rent personal information about you collected on Company Web sites.

How to unsubscribe and Termination

You may request to terminate your account or unsubscribe to any email subscriptions or mailing lists at any time. In accessing and using this Website, User agrees to comply with all applicable laws and agrees not to take any action that would compromise the security or viability of this Website. The Company may terminate User’s access to this Website at any time for any reason. The terms hereunder regarding Accuracy of Information and Third Party Rights shall survive termination.

Website Content and Copyright

This Website is the property of Counterpoint and is protected by international copyright law and conventions. We grant users the right to access and use the Website, so long as such use is for internal information purposes, and User does not alter, copy, disseminate, redistribute or republish any content or feature of this Website. User acknowledges that access to and use of this Website is subject to these TERMS OF USE and any expanded access or use must be approved in writing by the Company.
– Passwords are for user’s individual use
– Passwords may not be shared with others
– Users may not store documents in shared folders.
– Users may not redistribute documents to non-users unless otherwise stated in their contract terms.

Changes or Updates to the Website

The Company reserves the right to change, update or discontinue any aspect of this Website at any time without notice. Your continued use of the Website after any such change constitutes your agreement to these TERMS OF USE, as modified.
Accuracy of Information: While the information contained on this Website has been obtained from sources believed to be reliable, We disclaims all warranties as to the accuracy, completeness or adequacy of such information. User assumes sole responsibility for the use it makes of this Website to achieve his/her intended results.

Third Party Links: This Website may contain links to other third party websites, which are provided as additional resources for the convenience of Users. We do not endorse, sponsor or accept any responsibility for these third party websites, User agrees to direct any concerns relating to these third party websites to the relevant website administrator.

Cookies and Tracking

We may monitor how you use our Web sites. It is used solely for purposes of enabling us to provide you with a personalized Web site experience.
This data may also be used in the aggregate, to identify appropriate product offerings and subscription plans.
Cookies may be set in order to identify you and determine your access privileges. Cookies are simply identifiers. You have the ability to delete cookie files from your hard disk drive.