자재관리 장비 텔레매틱스 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of Material Handling Equipment (MHE) telematics Market

The global Material Handling Equipment (MHE) telematics market is expanding at a rapid pace as industries adopt smarter, safer, and more efficient fleet-monitoring solutions. The market stood at USD 6.16 billion in 2024, is projected to rise to USD 7.05 billion in 2025, and is expected to reach USD 22.21 billion by 2032, advancing at a strong CAGR of 17.8%. In 2024, Europe dominated the global market with a 39.44% share, supported by high automation trends, strict safety compliance, and advanced industrialization.

MHE telematics combines telecommunications, GPS, software analytics, and onboard sensors integrated into forklifts, cranes, Automated Guided Vehicles (AGVs), and industrial trucks. These systems enable warehouse and fleet managers to enhance operational uptime, optimize routing, ensure safety compliance, and lower maintenance costs. As industries expand their fleets and accelerate automation, telematics has emerged as a critical tool for real-time tracking, asset monitoring, predictive maintenance, and operator performance analysis.

Market Drivers and Technological Advancements

Rapid technological advancement is the primary driver of market expansion. The rise of the Internet of Things (IoT) and cloud connectivity has transformed MHE operations by integrating machines, operators, and fleet managers through a seamless digital network. Telematics-enabled equipment allows real-time diagnostics, GPS-based location tracking, operator identity verification, and maintenance alerts. According to BlueBiotics' 2024 survey, nearly 91% of industrial respondents planned to expand their AMR and AGV fleets, demonstrating rapid automation adoption across warehouses and logistics hubs. Telematics plays a vital role in this transition by supporting predictive maintenance and improving equipment reliability.

Fleet managers are increasingly using telematics dashboards via smartphones and cloud platforms for instant visibility into equipment conditions, enabling reduction in downtime and operational costs. This real-time insight increases safety compliance and optimizes fleet utilization, improving overall productivity.

Market Trends

The booming e-commerce and logistics sectors are significantly boosting demand for telematics-enabled MHE. With e-commerce expected to reach USD 300 billion in India by 2030 and EU online shoppers rising from 55% in 2012 to 75% in 2022, supply chains are under pressure to operate faster and more efficiently. This has accelerated the integration of telematics systems in forklifts, AGVs, and cranes to optimize warehouse automation, improve routing, and manage inventory flow. Logistics companies increasingly rely on telematics to monitor bottlenecks, ensure safety, and reduce fuel and operational costs.

Market Restraints

Despite strong growth potential, adoption is hindered by high initial investment and integration complexities. Deployment costs vary based on fleet size, customization needs, and subscription charges. Small and cost-sensitive businesses may hesitate due to upfront expenses. Integrating new telematics systems with existing IT infrastructure and fleet management platforms is often challenging, requiring skilled professionals to ensure seamless data flow and system compatibility.

Segmentation Insights

By Equipment Type

The AGV segment is expected to grow fastest due to rising automation in warehouses. Telematics provides AGVs with battery health insights, error diagnostics, and navigation data. Meanwhile, forklifts held the highest market share in 2024, supported by increasing global forklift usage and the need for detailed fleet performance tracking.

By Solution

The fleet management segment is projected to dominate during the forecast period due to rising demand for real-time monitoring, route optimization, and safety management. Predictive maintenance will record the highest growth as telematics reduces downtime by identifying component failures before they occur.

By End-use Industry

The logistics & warehousing sector will lead due to increasing automation in distribution centers. The manufacturing sector will grow rapidly as companies adopt telematics for compliance, operator monitoring, and productivity improvements.

Regional Outlook

Europe led the market in 2024 with USD 2.43 billion, supported by strong automation investments and strict safety mandates. In countries such as Germany, France, Italy, and the U.K., telematics adoption is rising due to digital transformation initiatives. Asia Pacific is projected to record the highest CAGR, driven by expanding e-commerce, rapid industrialization, and increasing adoption of AGVs and smart warehouses. North America remains a fast-growing market supported by IoT innovation, workplace safety regulations, and a strong manufacturing base.

Conclusion

With the market expected to reach USD 22.21 billion by 2032, MHE telematics is transforming industrial fleet operations worldwide. As automation and IoT integration accelerate, industries will increasingly rely on telematics to enhance efficiency, reduce downtime, and improve workplace safety.

Segmentation By Equipment Type, Solution, End-use Industry, and Region

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

• North America (By Equipment Type, Solution, End-use Industry, and Country)
  • U.S. (By End-use Industry)
  • Canada (By End-use Industry)
  • Mexico (By End-use Industry)
• South America (By Equipment Type, Solution, End-use Industry, and Country)
  • Brazil (By End-use Industry)
  • Argentina (By End-use Industry)
  • Rest of South America
• Europe (By Equipment Type, Solution, End-use Industry, and Country)
  • U.K. (By End-use Industry)
  • Germany (By End-use Industry)
  • France (By End-use Industry)
  • Italy (By End-use Industry)
  • Spain (By End-use Industry)
  • Russia (By End-use Industry)
  • Benelux (By End-use Industry)
  • Nordics (By End-use Industry)
  • Rest of Europe
• Middle East & Africa (By Equipment Type, Solution, End-use Industry, and Country)
  • Turkey (By End-use Industry)
  • Israel (By End-use Industry)
  • GCC (By End-use Industry)
  • South Africa (By End-use Industry)
  • Rest of Middle East & Africa
• Asia Pacific (By Equipment Type, Solution, End-use Industry, and Country)
  • China (By End-use Industry)
  • India (By End-use Industry)
  • Japan (By End-use Industry)
  • South Korea (By End-use Industry)
  • ASEAN (By End-use Industry)
  • Oceania (By End-use Industry)
  • Rest of Asia Pacific

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities, and Trends

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Material Handling Equipment (MHE) Telematics Key Players Market Share/Ranking, 2024

5. Global Material Handling Equipment (MHE) Telematics Market Size Estimates and Forecasts, By Segments, 2019-2032

• 5.1. Key Findings
• 5.2. By Equipment Type (USD)
  • 5.2.1. Forklifts
  • 5.2.2. Cranes
  • 5.2.3. Automated Guided Vehicles (AGVs)
  • 5.2.4. Others (Conveyer Systems, etc.)
• 5.3. By Solution (USD)
  • 5.3.1. Asset Tracking
  • 5.3.2. Fleet Management
  • 5.3.3. Predictive Maintenance
  • 5.3.4. Operational Analytics
• 5.4. By End-use Industry (USD)
  • 5.4.1. Manufacturing
  • 5.4.2. Logistics & Warehousing
  • 5.4.3. Automotive
  • 5.4.4. Construction
  • 5.4.5. Others (Agriculture, Retail, etc.)
• 5.5. By Country (USD)
  • 5.5.1. North America
  • 5.5.2. South America
  • 5.5.3. Europe
  • 5.5.4. Middle East & Africa
  • 5.5.5. Asia Pacific

6. North America Material Handling Equipment (MHE) Telematics Market Size Estimates and Forecasts, By Segments, 2019-2032

• 6.1. Key Findings
• 6.2. By Equipment Type (USD)
  • 6.2.1. Forklifts
  • 6.2.2. Cranes
  • 6.2.3. Automated Guided Vehicles (AGVs)
  • 6.2.4. Others (Conveyer Systems, etc.)
• 6.3. By Solution (USD)
  • 6.3.1. Asset Tracking
  • 6.3.2. Fleet Management
  • 6.3.3. Predictive Maintenance
  • 6.3.4. Operational Analytics
• 6.4. By End-use Industry (USD)
  • 6.4.1. Manufacturing
  • 6.4.2. Logistics & Warehousing
  • 6.4.3. Automotive
  • 6.4.4. Construction
  • 6.4.5. Others (Agriculture, Retail, etc.)
• 6.5. By Country (USD)
  • 6.5.1. United States
    • 6.5.1.1. By End-use Industry
  • 6.5.2. Canada
    • 6.5.2.1. By End-use Industry
  • 6.5.3. Mexico
    • 6.5.3.1. By End-use Industry

7. South America Material Handling Equipment (MHE) Telematics Market Size Estimates and Forecasts, By Segments, 2019-2032

• 7.1. Key Findings
• 7.2. By Equipment Type (USD)
  • 7.2.1. Forklifts
  • 7.2.2. Cranes
  • 7.2.3. Automated Guided Vehicles (AGVs)
  • 7.2.4. Others (Conveyer Systems, etc.)
• 7.3. By Solution (USD)
  • 7.3.1. Asset Tracking
  • 7.3.2. Fleet Management
  • 7.3.3. Predictive Maintenance
  • 7.3.4. Operational Analytics
• 7.4. By End-use Industry (USD)
  • 7.4.1. Manufacturing
  • 7.4.2. Logistics & Warehousing
  • 7.4.3. Automotive
  • 7.4.4. Construction
  • 7.4.5. Others (Agriculture, Retail, etc.)
• 7.5. By Country (USD)
  • 7.5.1. Brazil
    • 7.5.1.1. By End-use Industry
  • 7.5.2. Argentina
    • 7.5.2.1. By End-use Industry
  • 7.5.3. Rest of South America

8. Europe Material Handling Equipment (MHE) Telematics Market Size Estimates and Forecasts, By Segments, 2019-2032

• 8.1. Key Findings
• 8.2. By Equipment Type (USD)
  • 8.2.1. Forklifts
  • 8.2.2. Cranes
  • 8.2.3. Automated Guided Vehicles (AGVs)
  • 8.2.4. Others (Conveyer Systems, etc.)
• 8.3. By Solution (USD)
  • 8.3.1. Asset Tracking
  • 8.3.2. Fleet Management
  • 8.3.3. Predictive Maintenance
  • 8.3.4. Operational Analytics
• 8.4. By End-use Industry (USD)
  • 8.4.1. Manufacturing
  • 8.4.2. Logistics & Warehousing
  • 8.4.3. Automotive
  • 8.4.4. Construction
  • 8.4.5. Others (Agriculture, Retail, etc.)
• 8.5. By Country (USD)
  • 8.5.1. United Kingdom
    • 8.5.1.1. By End-use Industry
  • 8.5.2. Germany
    • 8.5.2.1. By End-use Industry
  • 8.5.3. France
    • 8.5.3.1. By End-use Industry
  • 8.5.4. Italy
    • 8.5.4.1. By End-use Industry
  • 8.5.5. Spain
    • 8.5.5.1. By End-use Industry
  • 8.5.6. Russia
    • 8.5.6.1. By End-use Industry
  • 8.5.7. Benelux
    • 8.5.7.1. By End-use Industry
  • 8.5.8. Nordics
    • 8.5.8.1. By End-use Industry
  • 8.5.9. Rest of Europe

9. Middle East & Africa Material Handling Equipment (MHE) Telematics Market Size Estimates and Forecasts, By Segments, 2019-2032

• 9.1. Key Findings
• 9.2. By Equipment Type (USD)
  • 9.2.1. Forklifts
  • 9.2.2. Cranes
  • 9.2.3. Automated Guided Vehicles (AGVs)
  • 9.2.4. Others (Conveyer Systems, etc.)
• 9.3. By Solution (USD)
  • 9.3.1. Asset Tracking
  • 9.3.2. Fleet Management
  • 9.3.3. Predictive Maintenance
  • 9.3.4. Operational Analytics
• 9.4. By End-use Industry (USD)
  • 9.4.1. Manufacturing
  • 9.4.2. Logistics & Warehousing
  • 9.4.3. Automotive
  • 9.4.4. Construction
  • 9.4.5. Others (Agriculture, Retail, etc.)
• 9.5. By Country (USD)
  • 9.5.1. Turkey
    • 9.5.1.1. By End-use Industry
  • 9.5.2. Israel
    • 9.5.2.1. By End-use Industry
  • 9.5.3. GCC
    • 9.5.3.1. By End-use Industry
  • 9.5.4. South Africa
    • 9.5.4.1. By End-use Industry
  • 9.5.5. Rest of Middle East & Africa

10. Asia Pacific Material Handling Equipment (MHE) Telematics Market Size Estimates and Forecasts, By Segments, 2019-2032

• 10.1. Key Findings
• 10.2. By Equipment Type (USD)
  • 10.2.1. Forklifts
  • 10.2.2. Cranes
  • 10.2.3. Automated Guided Vehicles (AGVs)
  • 10.2.4. Others (Conveyer Systems, etc.)
• 10.3. By Solution (USD)
  • 10.3.1. Asset Tracking
  • 10.3.2. Fleet Management
  • 10.3.3. Predictive Maintenance
  • 10.3.4. Operational Analytics
• 10.4. By End-use Industry (USD)
  • 10.4.1. Manufacturing
  • 10.4.2. Logistics & Warehousing
  • 10.4.3. Automotive
  • 10.4.4. Construction
  • 10.4.5. Others (Agriculture, Retail, etc.)
• 10.5. By Country (USD)
  • 10.5.1. China
    • 10.5.1.1. By End-use Industry
  • 10.5.2. India
    • 10.5.2.1. By End-use Industry
  • 10.5.3. Japan
    • 10.5.3.1. By End-use Industry
  • 10.5.4. South Korea
    • 10.5.4.1. By End-use Industry
  • 10.5.5. ASEAN
    • 10.5.5.1. By End-use Industry
  • 10.5.6. Oceania
    • 10.5.6.1. By End-use Industry
  • 10.5.7. Rest of Asia Pacific

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. Powerfleet
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Toyota Industries Corporation
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. Motion2AI, Inc.
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. Crown Equipment Corporation
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. MHS Lift
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Apex MHC
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. Telenor
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. Hyster-Yale Materials Handling, Inc.
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Clear Telematics
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. Abbey Attachments
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments