Material Handling Equipment (MHE) Telematics Market Size, Share & Industry Analysis, By Equipment Type (Forklifts, Cranes, Automated Guided Vehicles (AGVs), and Others), By Solution (Asset Tracking, Fleet Management, Predictive Maintenance, and Operational Analytics), By End-use Industry (Manufacturing, Logistics & Warehousing, Automotive, Construction, and Others), and Regional Forecast, 2024-2032
This Market 2025 involves telematics solutions for material handling equipment, enhancing tracking, productivity, and maintenance in logistics and industrial operations.
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List of the Companies Profiled in the Report:
- Powerfleet (U.S.)
- Toyota Industries Corporation (Japan)
- Motion2AI, Inc. (U.S.)
- Crown Equipment Corporation (U.S.)
- MHS Lift (U.S.)
- Apex MHC (U.S.)
- Telenor (Sweden)
- Hyster-Yale Materials Handling, Inc. (U.S.)
- Clear Telematics (U.S.)
- Abbey Attachments (U.K.)
Segmentation:
By Equipment Type
- Forklifts
- Cranes
- Automated Guided Vehicles (AGVs)
- Others (Conveyer Systems)
By Solution
- Asset Tracking
- Fleet Management
- Predictive Maintenance
- Operational Analytics
By End-use Industry
- Manufacturing
- Logistics & Warehousing
- Automotive
- Construction
- Others (Agriculture, Retail)
By Region
Material Handling Equipment Telematics Market Drivers and Restraints:
Growth Factors:
- Rising adoption of automation and IoT in industrial sectors for operational efficiency and safety is driving telematics demand in material handling.
- Increased focus on monitoring and data analytics in logistics and warehousing to enhance productivity is bolstering market growth.
Restraining Factors:
- High implementation costs and data privacy concerns associated with telematics solutions.
- Limited awareness and adoption among small and medium-sized enterprises (SMEs) hinder widespread adoption.
Report Coverage
The global material handling equipment (MHE) telematics Industry size was valued at USD 5.43 billion in 2023. The Industry is projected to grow from USD 6.16 billion in 2024 to USD 22.21 billion by 2032, exhibiting a CAGR of 17.4% during the forecast period.
The report provides:
- Key growth drivers, challenges, opportunities, and potential barriers in the market.
- Comprehensive insights into regional developments.
- A list of major industry players.
- Key strategies adopted by market leaders.
- Recent industry developments, including product launches, partnerships, mergers, and acquisitions.
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Global Material Handling Equipment Telematics Market: Regional Segmentation:-
- North America (USA & Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia & Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia & Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, South Africa & Rest of Middle East & Africa)
The information in this study is based on both primary and secondary research methods. The major research methodology comprises interactions with service providers, suppliers, and industry experts. The secondary research process entails a thorough search of relevant documents such as corporate annual reports, financial reports, and proprietary databases.
Key Industry Development
- Powerfleet, a provider of Internet of Things (IoT) solutions, and MiX Telematics announced a strategic partnership to strengthen their market positions in the telematics and mobile asset IoT solutions market. Both companies help businesses solve various challenges, including compliance, sustainability, and operational efficiency.
- Hyundai Material Handling, a provider of material handling equipment, announced the launch of a new range of forklift trucks that feature the option of Hyundai’s HiMate telematics system, improved cab environment, and emissions-compliant engines.
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