Global Autonomous Construction Equipment Market Opportunities And Strategies – Forecast To 2030 – Includes Autonomous Construction Equipment Market Growth
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Most of the construction companies are facing heavy equipment operator shortage across the world, as per The Business Research Company’s autonomous construction equipment market opportunities and strategies report.
The autonomous construction equipment market is expected to reach $16.89 billion in 2025 at a CAGR of 14.9%. The autonomous construction equipment market is further expected to reach $26.86 billion in 2030 at a CAGR of 9.7%.
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Major players in the autonomous construction equipment market include Caterpillar Inc., Komatsu Limited, Volvo Group, Doosan Corporation, Hitachi Construction Machinery Co., Ltd.
Use of artificial intelligence (AI) in the construction industry allows construction companies to be more productive. AI driven construction equipment is safer and more effective, and also increases the efficiency and safety of construction projects. The construction industry is ready for embracing the new possibilities that AI has to bring in enhancing the way equipment is used. This helps businesses solve health and safety issues and improve efficiency. AI techniques will help inexperienced machine operators perform complex tasks, which otherwise would not have been possible. It is beneficial in an industry where the source of highly qualified and professional operators is becoming increasingly difficult. The possibility of danger is never far away, with heavy equipment involved, sometimes rough terrain, continuous movement and the chance of human error. Yet despite the ever-increasing emphasis on health and safety, and the use of technology on employment sites, there are still unfortunate deaths. Companies are realizing the benefits of AI that can bring, tackling not only health and safety issues in construction, but making work more efficient. The sector appears especially well-suited to the possibilities of AI being able to develop.
The Global Autonomous Construction Equipment Market Is Segmented:
By Automation: Partial/Semi-Autonomous, Fully Autonomous
By Product Type: Earth Moving Equipment, Material Handling Equipment, Concrete & Road Construction Equipment
By Application: Road Construction, Building Construction, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
TBRC’s Autonomous Construction Equipment Market Report Covers:
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 Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough autonomous construction equipment market research, analyzes and forecasts autonomous construction equipment market size, autonomous construction equipment market share, autonomous construction equipment market players, autonomous construction equipment market trends, autonomous construction equipment market segmentation 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.
The autonomous construction equipment market consists of sales of autonomous construction equipment by entities (organizations, sole traders and partnerships) that manufacture autonomous construction equipment which works on wireless communication technologies, by communicating with radio signals from other equipment receiving commands. The equipment includes sensors such as lidar and cameras in order to recognize humans and obstacles, and the system also uses geofencing to keep machinery within the construction sites. This type of equipment assures benefits such as improved safety, increased productivity, and reduced unscheduled maintenance. The market consists of revenue generated by the companies that are manufacturing autonomous construction equipment by the sales of these products.
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