Figure 1. Research Method Flow Chart 11
Figure 2. Breakdown of Primary Research 13
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 4. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 17
Figure 5. Europe OHV Telematics Market, 2019-2030, $ mn 20
Figure 6. World OHV Registered Volume (million units), OHV Telematics System Volume (million units), and Penetration of OHC Telematics (%), 2019-2030 21
Figure 7. Average Selling Price (ASP) of OHV Telematics, 2019-2030, USD/unit/year 21
Figure 8. Impact of COVID-19 on Business 24
Figure 9. Primary Drivers and Impact Factors of Europe OHV Telematics Market 26
Figure 10. Primary Restraints and Impact Factors of Europe OHV Telematics Market 29
Figure 11. Investment Opportunity Analysis 33
Figure 12. Porter’s Fiver Forces Analysis of Europe OHV Telematics Market 36
Figure 13. Breakdown of Europe OHV Telematics Market by Component, 2019-2030, % of Revenue 41
Figure 14. Europe Addressable Market Cap in 2021-2030 by Component, Value ($ mn) and Share (%) 41
Figure 15. Europe OHV Telematics Market: Hardware & Devices, 2019-2030, $ mn 42
Figure 16. Europe OHV Telematics Market: Telematics Platform, 2019-2030, $ mn 43
Figure 17. Europe OHV Telematics Market: Telematics Network, 2019-2030, $ mn 44
Figure 18. Europe OHV Telematics Market: Support & Services, 2019-2030, $ mn 45
Figure 19. Breakdown of Europe OHV Telematics Market by Connectivity, 2019-2030, % of Sales Revenue 47
Figure 20. Europe Addressable Market Cap in 2021-2030 by Connectivity, Value ($ mn) and Share (%) 47
Figure 21. Europe OHV Telematics Market: Cellular Connectivity, 2019-2030, $ mn 48
Figure 22. Europe OHV Telematics Market: 3G Cellular Network, 2019-2030, $ mn 49
Figure 23. Europe OHV Telematics Market: 4G Cellular Network, 2019-2030, $ mn 50
Figure 24. Europe OHV Telematics Market: Other Cellular Networks, 2019-2030, $ mn 51
Figure 25. Europe OHV Telematics Market: Satellite Connectivity, 2019-2030, $ mn 52
Figure 26. Breakdown of Europe OHV Telematics Market by Industry Vertical, 2019-2030, % of Sales Revenue 54
Figure 27. Europe Addressable Market Cap in 2021-2030 by Industry Vertical, Value ($ mn) and Share (%) 54
Figure 28. Europe OHV Telematics Market: Construction Industry, 2019-2030, $ mn 55
Figure 29. Europe OHV Telematics Market: Agriculture, 2019-2030, $ mn 57
Figure 30. Europe OHV Telematics Market: Mining Industry, 2019-2030, $ mn 59
Figure 31. Europe OHV Telematics Market: Forestry, 2019-2030, $ mn 61
Figure 32. Europe OHV Telematics Market: Other Industry Verticals, 2019-2030, $ mn 62
Figure 33. Breakdown of Europe OHV Telematics Market by Sales Channel, 2019-2030, % of Revenue 64
Figure 34. Europe Addressable Market Cap in 2021-2030 by Sales Channel, Value ($ mn) and Share (%) 64
Figure 35. Europe OHV Telematics Market: OEM Sales, 2019-2030, $ mn 65
Figure 36. Europe OHV Telematics Market: Aftermarket Sales, 2019-2030, $ mn 66
Figure 37. Breakdown of European OHV Telematics Market by Country, 2019 and 2030F, % of Revenue 68
Figure 38. Contribution to Europe 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 69
Figure 39. OHV Telematics Market in Germany, 2019-2030, $ mn 70
Figure 40. OHV Telematics Market in U.K., 2019-2030, $ mn 73
Figure 41. OHV Telematics Market in France, 2019-2030, $ mn 75
Figure 42. OHV Telematics Market in Spain, 2019-2030, $ mn 77
Figure 43. OHV Telematics Market in Italy, 2019-2030, $ mn 79
Figure 44. OHV Telematics Market in Russia, 2019-2030, $ mn 81
Figure 45. OHV Telematics Market in Rest of Europe, 2019-2030, $ mn 83
Figure 46. Growth Stage of Europe OHV Telematics Industry over the Forecast Period 85
Europe off-highway vehicle (OHV) telematics market accounted for $242.5 million in 2020 and will grow by 11.3% annually over 2020-2030 owing to cost reduction from telematics, technological advancements, rising electrification in automobiles, and the growing government initiatives to improve off-highway vehicles' safety and security. The report provides trends prevailing in the Europe off-highway vehicle telematics market along with the drivers and restraints pertaining to the market growth. Increasing construction industry and stringent government policies to increase security and safety of off-highway vehicle are the major factor driving the growth of the Europe off-highway vehicle telematics market. However, uncertainty among fleet operators hinders the growth of Europe off-highway vehicle telematics market.
The Europe off-highway vehicle telematics market is segmented based on connectivity type, application, technology, and country. Based on connectivity type, the Europe off-highway vehicle telematics market is segmented into cellular-based OHV telematics and satellite-based OHV telematics. The cellular-based OHV telematics segment dominated the Europe off-highway vehicle telematics market in 2020 and satellite-based OHV telematics segment is expected to be fastest growing during forecast period. In terms of application, the Europe off-highway vehicle telematics market is segmented into construction industry OHV telematics, agriculture industry OHV telematics, mining industry OHV telematics, and others. The construction industry OHV telematics segment dominated the Europe off-highway vehicle telematics market in 2020 and agriculture industry OHV telematics segment is expected to be fastest growing during forecast period. Based on technology, the Europe off-highway vehicle telematics market is segmented into LTE-M, NB-IoT, Sigfox, and others. The LTE-M segment dominated the Europe off-highway vehicle telematics market in 2020 and NB-IoT segment is expected to be fastest growing during forecast period. Based on country, the Europe off-highway vehicle telematics market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe. Increasing demand for OHV data analysis due to higher productivity, effective utilization and lower operational costs connected with maintenance and repairs, is supporting the off-highway telematics market growth. In addition, as fleet managers prefer productivity solutions for better management, which would in turn, support the growing demand for off-highway telematics in fleet management system. Upgrading to 4G and 5G networks offer a completely new experience in terms of bandwidth, faster data uploads, and feedback downloads, resulting in more real-time data sets, real-time driver safety, fleet maintenance, and fleet efficiency. Sensors are attached to different sub-systems in a vehicle. These systems are constantly exchanging massive amounts of data. Sensors for tire pressure monitoring, video capture, and temperature monitoring are just a few examples. Advances in cloud technology have made it possible to store, handle, and successfully use huge amounts of data. Telematics has become more than just a trend for service providers and small fleet owners. Many start-ups deliver low-cost yet effective telematics solutions that may be found on the local market for smaller fleet owners. All of these above mentioned factors very heavily help the market grow in the region.
Users get direct access to data for decision-making. Individual drivers, dispatch managers, a central fleet agency or local office, and franchisees benefit from this data. All stakeholders are given personalized role-based dashboards with restricted access to make informed real-time decisions based on their specific service needs, delivery or arrival times, handling constraints, and other factors. This also aids fleet management businesses to maintain a behavior-based driver scorecard and has legal implications. Many companies also exchange data with the shipping and carriage industry to improve dock scheduling. This aids in effective planning and results in happier and productive drivers, this availability of data to different stakeholders drive the market consumption.
In the European Union, all commercial vehicles must adhere to driver hour limits and have tachygraphy installed if they weigh more than 3,500 kilos. Telematics solutions are becoming more popular in the heavy-duty on- and off-highway equipment industry. Major automakers are now including telematics systems as standard equipment on their vehicles, and this trend is spreading to additional models and equipment categories. The expansion of end-use sectors like construction, mining, and agriculture, particularly in emerging countries, is expected to boost the demand for off-road vehicles and ultimately fuel the growth of the off-highway vehicle telematics market.
COVID-19 Impact
Due to the rapidly rising cases, the market is being influenced from various angles. The labor force's availability is reportedly disrupting the global market's inventory network, as the lockdown and the virus spread are forcing people to stay indoors. When the manufacturing process is halted, the retail network comes to a halt, negatively impacting the off-highway vehicle telematics manufacturers as both are linked.
The Europe off-highway vehicle telematics market is segmented based on connectivity type, application, technology, and country. Based on connectivity type, the Europe off-highway vehicle telematics market is segmented into cellular-based OHV telematics and satellite-based OHV telematics. The cellular-based OHV telematics segment dominated the Europe off-highway vehicle telematics market in 2020 and satellite-based OHV telematics segment is expected to be fastest growing during forecast period. In terms of application, the Europe off-highway vehicle telematics market is segmented into construction industry OHV telematics, agriculture industry OHV telematics, mining industry OHV telematics, and others. The construction industry OHV telematics segment dominated the Europe off-highway vehicle telematics market in 2020 and agriculture industry OHV telematics segment is expected to be fastest growing during forecast period. Based on technology, the Europe off-highway vehicle telematics market is segmented into LTE-M, NB-IoT, Sigfox, and others. The LTE-M segment dominated the Europe off-highway vehicle telematics market in 2020 and NB-IoT segment is expected to be fastest growing during forecast period. Based on country, the Europe off-highway vehicle telematics market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
Highlighted with 36 tables and 46 figures, this 108-page report “Europe Off-Highway Vehicle (OHV) Telematics Market 2020-2030 by Component (Hardware, Platform, Network, Services), Connectivity (Cellular, Satellite), Industry Vertical, Sales Channel (OEM, Aftermarket), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe OHV telematics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe OHV telematics market in every aspect of the classification from perspectives of Component, Connectivity, Industry Vertical, Sales Channel, and Country.
Based on Component, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Hardware & Devices
• Telematics Platform
• Telematics Network
• Support & Services
Based on Connectivity, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Cellular Connectivity
o 3G Cellular Network
o 4G Cellular Network
o Other Cellular Networks
• Satellite Connectivity
Based on Industry Vertical, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Construction Industry
o Dump Trucks
o Excavators
o Loaders
o Dozers
o Cranes
o Others
• Agriculture
o Harvesters
o Tractors
o Others
• Mining Industry
o Load-Haul-Dumps (LHDs)
o Loaders
o Roof Bolters
o Rigs
o Conveyors
o Others
• Forestry
• Other Industry Verticals
Based on Sales Channel, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• OEM Sales
• Aftermarket Sales
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Component, Connectivity, and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
CalAmp Corp.
Caterpillar Inc.
Deere & Company
Harman International Industries Inc
Hitachi Construction Machinery
JCB
Komatsu Ltd.
Leica Geosystems
MiX Telematics Limited
Omnitracs, LLC
Orbcomm Inc.
Stoneridge, Inc.
Teletrac Navman
Topcon Corporation
Trackunit A/S
Verizon Communication Inc.
Volvo Construction Equipment
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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