Global Material Handling Equipment Telematics Market to 2027: Players Include EC2E, ELOKON, GemOne, Kenco, Kiwitron and Litum

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14 Jul, 2023, 10:45 ET

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DUBLIN, July 14, 2023 /PRNewswire/ -- The "The Material Handling Equipment Telematics Market - 1st Edition " report has been added to ResearchAndMarkets.com's offering.

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:

This report answers the following questions

Key Topics Covered:

1 Material Handling Equipment and Telematics Solutions 1.1 Introduction to material handling1.2 Material handling equipment 1.2.1 Forklifts and other material handling equipment types.1.2.2 Material handling equipment manufacturers1.3 Material handling equipment telematics & fleet management solutions 1.3.1 Efficiency 1.3.2 Safety1.3.3 Compliance

2 Forecasts and Conclusions2.1 Market analysis2.1.1 Major material handling equipment telematics solution providers2.1.2 The installed base of material handling equipment telematics solutions2.2 Market trends and drivers2.2.1 Europe and North America are largely on similar development trajectories2.2.2 Forklift manufacturers dominate the MHE telematics space in terms of volume2.2.3 Aftermarket players raise the bar for advanced solutions together with OEMs.2.2.4 Multiple connectivity technologies co-exist in the field of material handling2.2.5 Limited consolidation so far in the material handling telematics market2.2.6 Business models in the MHE telematics space mirror adjacent markets2.2.7 SaaS expected to grow at the expense of legacy pricing models

3 Company Profiles3.1 OEM products and strategies3.1.1 Cargotec3.1.2 Crown Equipment3.1.3 Hyundai Material Handling 3.1.4 Jungheinrich.3.1.5 Komatsu3.1.6 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 providers3.2.1 Collective Intelligence3.2.2 Davis Derby3.2.3 EC2E3.2.4 ELOKON 3.2.5 GemOne 3.2.6 Kenco3.2.7 Kiwitron3.2.8 Litum3.2.9 Powerfleet3.2.10 RCT3.2.11 SIERA.AI3.2.12 Speedshield Technologies3.2.13 Trio Mobil

For more information about this report visit https://www.researchandmarkets.com/r/bgah9z

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