Increasing number of recovering construction industry cases, need for precision agriculture, concentrating on operational expertise in mining industry along with government policies in order to improve security and safety of off-highway vehicles are some of the major factors fuelling the growth of global market for OHV (off-highway vehicle) telematics. Apart from this, there are increasing number of collaborations between telematics service providers and OEMs. High adoption and reduced cost of telematics is positively impacting the growth of global market for off-highway vehicle telematics.
A recent report anticipates that the global market for OHV (off-highway vehicle) telematics will expand at a robust 8.9% CAGR during the forecast period, 2016-2026. Companies namely Trackunit A/S, MiX Telematics Limited, ORBCOMM Inc., Zonar Systems Inc., Navman Wireless, Topcon Corporation and TomTom International BV among others will witness a sizeable growth globally. Leading companies are intent on marketing schemes such as product developments and growing their product portfolio. Apart from this, companies such as Skyjack Inc. are also contributing towards the growth of the global market for OHV (off-highway vehicle) telematics.
Trackunit A/S Partners With Skyjack Inc.
Trackunit A/S has partnered with Skyjack Inc. with regards to machine connectivity, for supporting the connected fleet aims of the customers of Skyjack Inc. This partnership is going to benefit Skyjack Inc. for delivering products with the integration of greater ROI (return on investment). Both the companies are increasingly focusing on rental industries of OHV (off-highway vehicle) as, OHV sectors provide unique challenges in relation to telematics. Trackunit A/S is likely to expand its expertise in delivering efficiency to OHV telematics and construction operations.
Key players must not that this partnership also helps Skyjack Inc. with prevention from pitfalls of proprietary software and hardware, which faced tremendous challenges prior to OEM solutions. It is also believed that most of the times, accepting or implementing solutions provided by OEMs are difficult, especially for rental companies and for mix brand fleets., which allows both the companies to flow in that network.
Apart from this, Trackunit A/S and Skyjack Inc. are also working towards pushing their boundaries for advancing and innovating their existing as well as emerging technology developments within construction industry. Skyjack Inc. is expected to develop advanced as well as innovative solutions for construction industry and equipment rental industry. Both the companies are looking forward to introducing individual end-to-end solution and data-only associated rental enterprise ERP systems, which are serviced provided for the purpose of end users such as safety check tracking, familiarization and access control.
Manufacturers must focus on introducing products that provide easy access to the data of machines, which in turn can support connected sleet objectives of rental enterprises and the customers of Skyjack Inc.
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