Global Autonomous Construction Equipment
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Autonomous Construction Equipment market size will be $15,543.07 Million by 2028. Autonomous Construction Equipment Industry's Compound Annual Growth Rate will be 10.14% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Autonomous Construction Equipment market size will be $15,543.07 Million by 2028. Autonomous Construction Equipment Industry's Compound Annual Growth Rate will be 10.14% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Autonomous Construction Equipment Market Sales Revenue 2028 | $ 15543.1 Million |
Global Autonomous Construction Equipment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.14% |
Market Split by Type |
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Market Split by Application |
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Market Split by Automotion |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Autonomous Construction Equipment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Automated construction equipment is equipment that requires minimum or no manpower for the operation of vehicles. Construction work is well-suited for autonomous machinery. Most tasks are repetitive, physical, precise, and time-sensitive, and they don't require any creative or out-of-the-box thinking. Hence, the manufacturers can automate these types of jobs first.
Autonomous construction equipment such as dozers, excavators, load carriers, and haul trucks can be employed on the construction site to excavate and grade dirt. The rovers are a smaller type of autonomous or semi-autonomous construction vehicle. They can follow workers carrying tools and materials around the construction site.
Small robots, such as drones, are perhaps the most popular kind of construction automation. Drones are used by many construction teams to survey job sites. In 20 minutes, these airborne robots can collect more data than a week of traditional measurement. This incredible speed cuts project completion time in half, and the data's richness can indicate possible risks, boosting safety.
The types of autonomous construction equipment include earthmoving equipment, material handling equipment, and concrete & road construction equipment. These autonomous construction types of equipment are either partial/semi-autonomous or fully autonomous that are widely used in road construction, building construction, and many other applications.
Large, autonomous haul trucks are currently used on mining sites in some countries. Other autonomous vehicles are currently being tested in construction, and will probably be available on the market within a few years.
Large, self-driving haul trucks are now utilized on construction sites in several regions. Other autonomous vehicles are now being built and will most likely be available on the market in a few years. As a result, there is high demand for autonomous construction equipment in the projected period.
Global Building & Construction industry is particularly creating a positive impact and this industry is expected to grow above global gross domestic product (GDP) growth over the next decade. The building and construction sectors are some of the largest sectors in the world economy.
Building & Construction industry spending worldwide amounted to 11.4 trillion U.S. dollars. Building & Construction expenditures are expected to reach 14 trillion U.S. dollars in 2025. This investment can increase the development activities of autonomous construction equipment.
Furthermore, the global building & construction industry gets opportunities in residential, non-residential, and infrastructure. The main reason behind this growth is increasing housing starts and rising infrastructure due to the increasing urbanization and the growing population.
Additionally, there are some factors that help to grow this industry such as population increase in emerging countries, necessary upgrades to infrastructure in developed countries, and the trend toward increased residential development.
The continuous economic growth in various emerging and developed countries is adding lucrative financing deals with low-interest rates, which is anticipated to boost the revenues of the residential building sector.
The rising demand from the road sector and commercial infrastructure also gradually enhances the demand for autonomous construction equipment. These are extremely useful on a construction site because of their versatile nature. They are adaptable which saves a lot of time and labor. Their versatileness comes from the attachments which need to be chosen correctly according to the job at hand.
Hence, the rising construction and building sector across the globe boosts the growth of the autonomous construction equipment market.
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Caterpillar specializes in the manufacturing of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company has over 97,000 employees worldwide. The company is operating under 21 brands. The company has several operating segments including construction industries, resources, energy and transportation, and services provided in the portfolio.
The company operates under various brands such as
• Cat
• Cat lift trucks
• Hindustan
• MWM
• Turner powertrain systems
• Anchor
• M2M
• Cat Reman
• Asia Trak
• SEM
• Olympian
• Others
Caterpillar has Signed agreement to acquire Weir oil & gas
Caterpillar Inc. has signed an agreement to acquire the Oil & Gas Division of the Weir Group PLC. It is a Scotland-based global engineering business, headquartered near Fort Worth, Texas, Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead, and pressure control products that are serviced via an extensive global network of service centers located near customer operations.
Top Companies Market Share in Autonomous Construction Equipment Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Region and country analysis section of Autonomous Construction Equipment Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Autonomous Construction Equipment market.
The current report Scope analyzes Autonomous Construction Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Autonomous Construction Equipment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Autonomous Construction Equipment Industry growth. Autonomous Construction Equipment market has been segmented with the help of its Type, Application Automotion, and others. Autonomous Construction Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Earth Moving Equipment Market Size in Autonomous Construction Equipment market will be USD 5,094.40 Million by 2028.
Earth-moving equipment refers to a variety of machinery that can dig, grade, and do other tasks in addition to excavating and grading soil and rock. Many distinct types of earth-moving equipment are now available, each with its own set of vehicles and automated systems. Robotic and modern technology machines are included in this automation. A robotic arm (a set of links and joints) operated by a hydraulic system and a tool specialized for operations such as material loading or excavation often make up the robotic mechanism. A common example of autonomous earth-moving equipment includes wheel loaders and excavators.
Material handling equipment (MHE) is a type of mechanical equipment that is used to move, store, manage, and protect materials, commodities, and products throughout the construction process. The industry employs a variety of cranes such as portable gantry cranes, single or double bridge overhead cranes, jib cranes, low headroom jib cranes, and mobile floor cranes to lift and move building material, concrete blocks, and construction equipment. For driverless on-site hauling activities, the industry uses autonomous dump truck systems. On the construction site, the Automated Vertical Transport System (AVTS) is also utilized to autonomously load, unload, and distribute products.
Equipment manufacturers have introduced innovative and intelligent road construction technologies to accelerate the pace of higher-quality road building. Automation provides a lot of advantages and enhancements to work process control. At present with the help of automation, things are changing in road construction, as mobile equipment manufacturers provide modern features like GPS, data collecting, condition monitoring, secure remote repair, networking possibilities, and much more.
Similarly, automated road construction and maintenance technicians are in great demand due to escalating road construction and maintenance costs and a lack of productivity increase
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Autonomous Construction Equipment Industry. Request a Free Sample PDF!
The Road Construction Revenue in Autonomous Construction Equipment market is projected to reach USD 5,519.42 Million by 2028.
In the construction of roads, a variety of equipment is used. The expense of building, inspecting, and maintaining roads is rising. As a result, demand for self-driving construction equipment rises. Thus, robotics is being used in road construction. Aside from the financial advantages, automated road building has various other advantages, such as improved worker safety and health
Building construction activity has increased in recent years. This needs quick and low-cost work. As a result, the use of autonomous equipment such as dozers, excavators, load carriers, and haul trucks is gaining traction in the construction industry. This equipment can be employed in the destruction of buildings, the construction of new buildings, the addition of new buildings to existing structures, and the required adjustments to existing buildings.
Autonomous construction equipment is also employed in bridge construction. The fast rise of urbanization and growing traffic levels necessitate the construction of a bridge, which frequently necessitates the use of an autonomous vehicle to prevent the danger of construction.
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The Partial/Semi-Autonomous Revenue in Autonomous Construction Equipment market is anticipated to reach USD 14,428.67 Million by 2028.
Semi-automatic construction equipment is a construction equipment that requires some manual input. Numerous autonomous machines and high-tech equipment are now semi-autonomous. The equipment is operated by humans, yet it collects data automatically as it moves around a place. It makes its own decisions about how to handle resources and complete activities based on that knowledge. The work is completed when the machine evaluates the data
The mine can work 24 hours a day, with all activities monitored from a remote operation center, due to its fully autonomous operation. Self-driving construction machinery is being used by certain organizations to do repetitive activities such as concrete pouring, bricklaying, welding, and even demolition. The use of fully automatic machines increases production while reducing worker exposure to dangerous areas
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
The Global Autonomous Construction Equipment Market revenue in 2016: USD 7,029.05 Million
Total revenue expected in year 2028: USD 15,543.07 Million
CAGR from 2021-2028 is expected to be: 10.14%
Material Handling Equipment held for largest share of total revenue generated in 2019
In terms of revenue, Building Construction held maximum share of Autonomous Construction Equipment market in 2019.
In terms of revenue, Partial/Semi-Autonomous held maximum share of Autonomous Construction Equipment market in 2019
Rising construction and building sector across the globe and the shortage of laborers and rising safety concerns at construction sites is driving the growth of the autonomous construction equipment market
Cyber security concerns with autonomous construction equipment may restrain the growth of the autonomous construction equipment market.
Upsurge in the implementation of technologies will provide enormous growth opportunities for the growth of the autonomous construction equipment market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Earth Moving Equipment, Material Handling Equipment, Concrete & Road Construction Equipment |
Application | Road Construction, Building Construction, Others |
Automotion | Partial/Semi-Autonomous, Fully Autonomous |
List of Competitors | Komatsu Ltd., Caterpillar Inc., Hitachi Construction Machinery Co.Ltd., Volvo Construction Equipment, Built Robotics Inc., Cyngn, Royal Truck & Equipment, Case Construction Equipment, Company 9, Company 10 |
This chapter will help you gain GLOBAL Market Analysis of Autonomous Construction Equipment. Further deep in this chapter, you will be able to review Global Autonomous Construction Equipment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Automotion Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Autonomous Construction Equipment market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Earth Moving Equipment have a significant impact on Autonomous Construction Equipment market? |
What are the key factors affecting the Earth Moving Equipment and Material Handling Equipment of Autonomous Construction Equipment Market? |
What is the CAGR/Growth Rate of Road Construction during the forecast period? |
By type, which segment accounted for largest share of the global Autonomous Construction Equipment Market? |
Which region is expected to dominate the global Autonomous Construction Equipment Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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