The industrial and construction sectors accounted for the biggest share in 2013 in the worldwide off-highway vehicle (OHV) telematics market. The need from industries and construction for OHV telematics systems is predicted to expand significantly in the future.
The charter market of construction machinery is likely to rise by 2 percent in the coming five years. OHV telematics for agricultural machinery is also predicted to increase. This is due to rising consciousness about the former and its rising implementation in agriculture.
Of late, consciousness regarding OHV telematics has expanded radically. Disappointingly, its permeation rates in the off-highway vehicle (OHV) telematics market, has somewhat, not been profitable. This is owing to deficiency in guidance regarding its use.
Scarcity of explanations on return-on-investment for the proprietors of weighty equipment convoy and dearth in its stability are hampering the off-highway vehicle (OHV) telematics market. The Association Of Equipment Manufacturers and Association Of Equipment Management Professionals have started regulating OHV telematics.
They also offer required instructional classes to its potential clients. The difficulty of setting-up telematics for mixed convoys would also be catered to. This is owing to the collaboration of intermediary retailers with makers of original equipments in reference to the off-highway vehicle (OHV) telematics market.
Source: Grand View Research