Construction equipment fleet software market set for rapid growth

Global, September 2, 2025

News Summary

New research forecasts strong near-term growth in the construction equipment fleet management software market, driven by rising demand for real-time monitoring, predictive maintenance and cloud-based analytics. The report cites adoption of telematics, IoT sensors, mobile dashboards and AI-supported analytics as key trends enabling contractors and rental firms to cut downtime, optimize utilization and reduce operating costs. North America currently leads market share while Asia-Pacific is expected to expand fastest. Vendors are launching multi-brand platforms, enhanced reporting and mobile access, and service providers continue to broaden implementation, integration and managed services offerings to support infrastructure and electrification programs.

Construction equipment fleet management software market set to reach $4.54 billion in 2025; strong growth and new tech deployments reshape fleets

What’s new: A recent global market report shows the construction equipment fleet management software market expanding rapidly, with the market size rising to $4.54 billion in 2025, up from $3.99 billion in 2024. Short-term growth rates point to fast adoption, while longer-term forecasts show the market continuing to expand through the decade.

Key numbers and near-term forecast

The analysis projects a year-over-year compound annual growth rate of 13.7% for 2024–2025. Over a longer window, the market is expected to reach $7.49 billion by 2029, with an average CAGR of 13.4% through 2029. The release also noted that there were 573 press releases posted in the last 24 hours and 365,358 in the last 365 days, reflecting heavy information flow in the sector.

Why the market is growing

The report links recent and expected growth to several practical needs and trends in construction and rental fleets:

• Real-time equipment monitoring to track location, usage and health.
• Pressure to cut operating costs and improve jobsite efficiency.
• Efforts to reduce downtime through better scheduling and maintenance.
• Rising construction activity in developing economies and expanding infrastructure programs.
• Greater focus on asset utilization and measurable productivity.

Forecast drivers and tech trends

For the coming years the report highlights demand for predictive maintenance tools, wider adoption of cloud-based fleet systems, and growing use of data analytics to shape operational choices. Technological advances expected to drive adoption include:

• Telematics and IoT integration for richer machine data.
• AI-supported fleet analytics for forecasting and optimization.
• Investment in cloud infrastructure and cross-platform solutions.
• Mobile app-based fleet control for on-site access.
• Tracking of rental equipment to streamline mixed fleets.

Market structure and segments

The market is split across software and services, with deployment models including cloud-based, on-premise, and hybrid options. Functionality segments include equipment tracking and monitoring, maintenance and repair management, fuel management, compliance and performance reporting. Software subtypes include asset tracking, fuel management, maintenance scheduling, route optimization, driver behavior monitoring and equipment utilization analytics. Service offerings cover implementation, consulting, support, training and managed services.

Infrastructure expansion and a supporting data point

The expansion of roads, utilities and communications is identified as a major future driver. As an example of rising infrastructure investment, national statistics showed total infrastructure sector investment reached £20.3 billion in 2024, a 16.9% increase over the prior year, indicating a stronger demand environment for fleet tools that help improve machine uptime and productivity.

New product examples and industry moves

Manufacturers and software vendors are launching tools designed for mixed-brand fleets and rental yards. One new fleet management system introduced in spring 2025 allows contractors and rental firms to collect machine locations, performance metrics and dashboards across brands and to access that information on phones and tablets in many languages. Market players are focusing on open data views, comparison tools and reporting across mixed equipment fleets.

Related fleet technology news

• Large electric bus charge management deployment: A major U.K. bus operator rolled out an AI-driven EV charge management platform across over 1,000 electric buses and chargers, calling it the largest AI-enabled bus charge program in Europe. Plans aim to expand to 1,500 vehicles across 30 depots by the end of 2025. The platform integrates legacy chargers, provides real-time tracking and predictive schedules, and helps defer load to reduce grid upgrades.
• Logistics and fleet software recognition: A logistics software provider was named a leading SaaS and cloud-based transportation management and fleet management applications provider in an independent market study. The provider cited recent acquisitions aimed at broadening carrier reach and reducing cargo fraud as part of its strategy.
• Truck and trailer market signals: Preliminary data for July 2025 showed U.S. Class 8 same-dealer used truck retail volumes rose 5.5% month-over-month, beating seasonal forecasts. U.S. trailer order intake for July totaled 8,800 units, down month-over-month but up year-over-year.
• Fleet services M&A history: An investment firm completed a past acquisition of a large UK fleet services business that manages tens of thousands of vehicles through a network of in-house and partner facilities. The deal aimed to carve the business out as an independent fleet services operator with potential for further growth.

Who the report lists as major market participants

The market analysis identifies global equipment makers and specialized telematics firms among the key names operating in the space. The list includes major construction equipment manufacturers, telematics and fleet software firms, and specialist fleet systems suppliers that offer equipment tracking, remote monitoring and analytics solutions to construction contractors, rental companies and infrastructure firms.

Where growth is coming fastest

North America led the market in 2024, while Asia-Pacific is expected to grow fastest through the forecast period. The report analyzes markets across major regions, including Western and Eastern Europe, North and South America, the Middle East and Africa.

Further information

The publisher offers sample and full report links for download and contact information for expert discussions. The report also points to related market studies covering broader fleet and construction management software markets.

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Frequently asked questions

Key features at a glance

Feature	Why it matters	Examples
Market size & growth	Shows scale and investment opportunity in software and services	$4.54B (2025); forecast $7.49B (2029)
Real-time tracking	Improves site productivity and reduces loss or misuse	GPS and sensor-based tracking on mixed-brand fleets
Predictive maintenance	Reduces downtime and lowers repair costs	AI-driven alerts and service scheduling
Cloud and mobile access	Enables field access, cross-site reporting and scale	Cloud deployments, mobile dashboards, multi-language support
EV charge management	Essential for electric fleets to manage grid impact and readiness	AI-enabled scheduling, load deferral across depots

This article summarizes market estimates, projected trends and recent industry moves from public announcements and market studies. For detailed sales forecasts, regional breakdowns and full methodology, consult the full market report and vendor materials directly.

Deeper Dive: News & Info About This Topic

Additional Resources

• Business Wire: Motive Launches in the UK to Power Safer, Smarter, More Sustainable Fleet Operations with AI
• Wikipedia: Fleet management
• Fleet Equipment Magazine: Betterfleet EV powers London fleet — 1,000 buses
• Google Search: EV bus charging management London
• GlobeNewswire: Descartes Named Top Provider of Cloud-based TMS Solutions
• Google Scholar: cloud-based transportation management systems
• Babcock International: Babcock named preferred bidder for London Fire Brigade fleet management contract
• Encyclopaedia Britannica: London Fire Brigade
• BT Newsroom: Aurelius acquires BT Fleet Solutions from BT Group plc
• Google News: BT Fleet Solutions Aurelius