Product Code: r1462
“Autonomous Construction Equipment Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global autonomous construction equipment market.
This report focuses on the autonomous construction equipment market which is experiencing strong growth. The report gives a guide to the autonomous construction equipment market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the autonomous construction equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Autonomous Construction Equipment market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider autonomous construction equipment market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The autonomous construction equipment market section of the report gives context. It compares the autonomous construction equipment market with other segments of the autonomous construction equipment market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, autonomous construction equipment indicators comparison.
Scope
Markets Covered:
- 1) By Autonomy: Partial/Semi Autonomous; Fully Autonomous
- 2) By Product Type: Earth Moving Equipment; Construction Vehicles; Material Handling Equipment; Concrete & Road Construction Equipment
- 3) By Application: Road Construction; Building Construction; Other Applications
- Companies Mentioned: Komatsu Ltd.; Caterpillar Inc.,; Hitachi Construction Machinery Co., Ltd.; Volvo Construction Equipment; Built Robotics, Inc.
- Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the autonomous construction equipment market are: 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.
The global autonomous construction equipment market 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 market is expected to grow to $18.53 billion in 2026 at a compound annual growth rate (CAGR) of 11.8%.
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.
The main product types of autonomous construction equipment are earth moving equipment, construction vehicles, material handling equipment, concrete, and road construction equipment. Earthmoving equipment is large machinery, mainly heavy-duty vehicles designed for earthwork construction tasks. The autonomous construction equipment is partial/semi-autonomous and fully autonomous. The various applications involved are road construction, building construction, and other application.
Asia-Pacific was the largest region in the autonomous construction equipment market in 2021. Noth America was the second-largest region in the autonomous construction equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Most construction companies are facing heavy equipment operator shortages throughout the world. Manufacturers are more focused on technology such as robotics and automation primarily to combat labor shortages along with finishing up their tasks faster, reducing wastage, and providing high yields with improved quality. Experts believed that one of the best solutions to combat labor shortages is to automate construction equipment, especially in remote areas, for repetitive tasks and in locations with significant labor shortages. Therefore, shortage in labor or skilled workforce is driving the Autonomous construction equipment market.
Safety and cyber security issues have always been a major challenge in the autonomous construction equipment market. To automate construction equipment, regardless of the control system used, cybersecurity always remains a key concern as it is challenging to control the potential damage that could be caused by the hacking of heavy equipment. It presents remote access for hackers to exploit system vulnerabilities of communication systems between vehicles and infrastructure. Threats associated with the protection and safety of personal information are always being a major concern, limiting the growth of the Autonomous construction equipment market.
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. For instance, the cost of owning a commercial truck may add up to roughly $8,500 annually according to the statistics. To reduce the overall expenses, they are working on solutions to make their existing equipment autonomous. Built Robotics, is providing a manufacturer-agnostic solution to clients that wants to automate their machine by which customer could make their machinery autonomous without sacrificing manual operating capabilities. With more machines to be likely to become autonomous in the future, promising developments are on the horizon.
In June 2019, Mortenson, a U.S.-based, top-20 builder, developer, and leading renewable energy contractor has announced a strategic partnership with a San Francisco-based developer of autonomous robotic equipment technology, Built Robotics. Built Robotics builds robotic upgrade kits for common construction equipment such as bulldozers, excavators, and skid steers. Combined with its proprietary software, it designs autonomous equipment with multilayer safety systems to ensure 100 percent safe operation. The deal will focus on heavy civil earthmoving activities on renewable energy projects that Mortenson is building in North America.
The countries covered in the autonomous construction equipment market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Table of Contents
1. Executive Summary
2. Autonomous Construction Equipment Market Characteristics
3. Autonomous Construction Equipment Market Trends And Strategies
4. Impact Of COVID-19 On Autonomous Construction Equipment
5. Autonomous Construction Equipment Market Size And Growth
- 5.1. Global Autonomous Construction Equipment Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Autonomous Construction Equipment Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Autonomous Construction Equipment Market Segmentation
- 6.1. Global Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Partial/Semi Autonomous
- Fully Autonomous
- 6.2. Global Autonomous Construction Equipment Market, Segmentation By product type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Earth Moving Equipment
- Construction Vehicles
- Material Handling Equipment
- Concrete & Road Construction Equipment
- 6.3. Global Autonomous Construction Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Road Construction
- Building Construction
- Other Applications
7. Autonomous Construction Equipment Market Regional And Country Analysis
- 7.1. Global Autonomous Construction Equipment Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Autonomous Construction Equipment Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Autonomous Construction Equipment Market
- 8.1. Asia-Pacific Autonomous Construction Equipment Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Autonomous Construction Equipment Market
- 9.1. China Autonomous Construction Equipment Market Overview
- 9.2. China Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Autonomous Construction Equipment Market
- 10.1. India Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Autonomous Construction Equipment Market
- 11.1. Japan Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Autonomous Construction Equipment Market
- 12.1. Australia Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Autonomous Construction Equipment Market
- 13.1. Indonesia Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Autonomous Construction Equipment Market
- 14.1. South Korea Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Autonomous Construction Equipment Market
- 15.1. Western Europe Autonomous Construction Equipment Market Overview
- 15.2. Western Europe Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Autonomous Construction Equipment Market
- 16.1. UK Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Autonomous Construction Equipment Market
- 17.1. Germany Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Autonomous Construction Equipment Market
- 18.4. France Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.5. France Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Autonomous Construction Equipment Market
- 19.1. Eastern Europe Autonomous Construction Equipment Market Overview
- 19.2. Eastern Europe Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Autonomous Construction Equipment Market
- 20.1. Russia Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Autonomous Construction Equipment Market
- 21.1. North America Autonomous Construction Equipment Market Overview
- 21.2. North America Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Autonomous Construction Equipment Market
- 22.1. USA Autonomous Construction Equipment Market Overview
- 22.2. USA Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Autonomous Construction Equipment Market
- 23.1. South America Autonomous Construction Equipment Market Overview
- 23.2. South America Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Autonomous Construction Equipment Market
- 24.1. Brazil Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Autonomous Construction Equipment Market
- 25.1. Middle East Autonomous Construction Equipment Market Overview
- 25.2. Middle East Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Autonomous Construction Equipment Market
- 26.1. Africa Autonomous Construction Equipment Market Overview
- 26.2. Africa Autonomous Construction Equipment Market, Segmentation By Autonomy, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Autonomous Construction Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Autonomous Construction Equipment Market Competitive Landscape And Company Profiles
- 27.1. Autonomous Construction Equipment Market Competitive Landscape
- 27.2. Autonomous Construction Equipment Market Company Profiles
- 27.2.1. Komatsu Ltd
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Caterpillar Inc.,
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Hitachi Construction Machinery Co., Ltd.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Volvo Construction Equipment
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Built Robotics, Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Autonomous Construction Equipment Market
29. Autonomous Construction Equipment Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer