Construction & Mining Fleet Management Market worth $7.28 billion by 2030
The report “Construction & Mining Fleet Management Market by Operation (Operations Management, Vehicle Maintenance & Diagnostics, Performance Management, Fleet Analytics & Reporting), Fleet Type (Construction, Mining) – Global Forecast to 2030” is projected to grow from USD 4.04 billion in 2025 and to reach USD 7.28 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period.
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The market is growing strongly, as digitalization and advanced telematics become core priorities for construction and mining operators. The deployment of video telematics, predictive maintenance, and AI analytics cuts downtime and raises asset productivity. Safety regulations and insurer expectations are pushing spending on operator monitoring and compliance reporting across job sites. The growth of electric and hybrid equipment introduces new energy management needs, pushing the demand for charging and battery telematics. The outcome is that cloud-native fleet platforms bring together machine data, maintenance records, and production metrics to support better lifecycle decisions. Autonomy, high-accuracy positioning, and digital twins further improve routing and resource use on large and complex sites. These capabilities all combine to shift buying decisions toward integrated, software-led solutions that offer clear gains in productivity and reductions in operating cost.
“By operation, the vehicle maintenance & diagnostics segment is projected to account for the largest market during the forecast period.”
With the rise in machine complexity and higher costs of replacement, proactive diagnostics and maintenance are increasingly important. Telematics sensors and onboard systems provide continuous data on equipment health, enabling condition-based schedules and alerts for maintenance. Predictive maintenance tools use sensor data to find problems early and minimize unplanned downtime. The greater value of remote diagnostics, parts forecasting, and optimized technician dispatch due to operations in remote locations or harsh environments adds to this. OEM telematics integration and maintenance programs linked to warranties further encourage the adoption of advanced diagnostics and data sharing. Put together, these features lower total ownership costs, extend asset life, and hasten the uptake of solutions with a primary focus on maintenance.
“By fleet type, the underground subsegment is projected to achieve a higher growth rate than the surface subsegment during the forecast period.”
Underground safety rules and the risk of confined environments drive operators to invest in advanced fleet telematics and monitoring solutions. With real-time location tracking, proximity warnings, and operator health monitoring, the risk of accidents decreases, while the emergency response improves. The electrification of underground fleets decreases ventilation costs but creates higher demand for advanced battery, charging, and energy management telematics. Better connectivity, including private LTE and underground mesh networks, supports robust telemetry and remote equipment control in deep operations. Predictive maintenance and AI analytics improve service planning and spare parts logistics, reducing downtime and total ownership costs. An increasing degree of mechanization, expensive equipment, and short availability of operators further support interest in integrated solutions for underground fleet management.
“North America is projected to account for the largest market during the forecast period.”
North America is projected to lead the market during the forecast period. Strong infrastructure programs and steady construction activity underpin high demand for fleet management solutions. Large, capital-intensive fleets and high replacement costs drive operators to leverage telematics as a means of controlling ownership costs. Advanced digital infrastructure, private LTE, and cloud connectivity provide for reliable data flow across often very remote construction and mining sites. Stringent safety rules and insurer requirements accelerate the adoption of video telematics, operator monitoring, and compliance tools. A well-developed rental and leasing market increases demand for multi-tenant management, billing, and detailed usage analytics. Major OEMs, startups, and service providers are located here, fostering innovation and offering buyers scalable, software-led solutions.
Market Players
Major vendors in the construction and mining fleet management market include Caterpillar (US), Komatsu (Japan), Volvo (Sweden), Samsara (US), Wenco (Canada), Hexagon (Sweden), Sandvik (Sweden), RPMGlobal (Australia), Verizon Connect (US), Teletrac Navman (US), JCB (UK), Liebherr (Switzerland), CNH Industrial America (US), Geotab (Canada), and Epiroc (Sweden). These players have adopted various growth strategies, including partnerships, agreements, collaborations, product launches, enhancements, and acquisitions, to expand their market presence.
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