Learn about the global autonomous construction equipment market through The Business Research Company, which provides information on autonomous construction equipment market size, autonomous construction equipment market drivers and restraints, autonomous construction equipment market players, the COVID-19 impact on the autonomous construction equipment market, and more.

The global autonomous construction equipment market size is expected to grow from $10.02 billion in 2021 to $11.86 billion in 2022 at a compound annual growth rate (CAGR) of 18.5%. The global autonomous construction equipment market size is expected to grow to $18.53 billion in 2026 at a compound annual growth rate (CAGR) of 11.8%.

Shortage in labour or skilled workforce is driving the Autonomous construction equipment market.

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The autonomous construction equipment market consists of sales of autonomous construction equipment which works on wireless communication technologies, by interfering with radio signals from other equipment, receiving commands, and reporting status. The equipment includes hardware retrofit and sensors added to get machine and process feedback, as well as knowledge of the position and the surroundings. It assures benefits like improved safety, increased productivity, and reduced unscheduled maintenance. The market consists of revenue generated by the company’s manufacturing autonomous construction equipment by the sales of these products.

Global Autonomous Construction Equipment Market Segments Include:

By Autonomy: Partial/Semi Autonomous, Fully Autonomous

By Product Type: Earth Moving Equipment, Construction Vehicles, Material Handling Equipment, Concrete & Road Construction Equipment

By Application: Road Construction, Building Construction, Other Applications

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the autonomous construction equipment market in 2021.

Making existing equipment autonomous is a growing trend in the autonomous construction equipment market. Companies are interested in automation but the implementation cost for deployment of technology is high. Therefore, construction companies are planning to rent autonomous machines to stay competitive by using new technology without the potential barriers of high investments. This is mainly avoiding costs associated with purchasing construction equipment.

TBRC’s autonomous construction equipment market report covers:

Major Market Players: Komatsu Ltd, Caterpillar Inc, Hitachi Construction Machinery Co, Ltd, Volvo Construction Equipment, Built Robotics, Inc, Cyngn, Royal Truck & Equipment, Case Construction Equipment, and Deere and Company.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Autonomous Construction Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides autonomous construction equipment market overviews, analyzes and forecasts market size, share, autonomous construction equipment market players, autonomous construction equipment market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s autonomous construction equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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