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Autonomous Construction Equipment Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5321507
  • Report
  • May 2021
  • Region: Global
  • 175 Pages
  • The Business Research Company

FEATURED COMPANIES

  • Built Robotics Inc.
  • Caterpillar Inc.
  • Cyngn
  • Deere and Company
  • Komatsu Ltd
  • Royal Truck & Equipment

This report provides the strategists, marketers and senior management with the critical information they need to assess the global autonomous construction equipment market.







The report focuses on the autonomous construction equipment market which is experiencing strong growth. It 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 market's response to the challenge of the global pandemic.


Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for 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 publisher 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:

  • 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; Others

Companies Mentioned:

  • Komatsu Ltd; Caterpillar Inc.; Hitachi Construction Machinery Co. Ltd.; Volvo Construction Equipment; Built Robotics Inc.; Cyngn; Royal Truck & Equipment; Case Construction Equipment; Deere and Company

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.
Frequently Asked Questions about the Global Autonomous Construction Equipment Market

What is the estimated value of the Global Autonomous Construction Equipment Market?

The Global Autonomous Construction Equipment Market was estimated to be valued at $10.5 billion in 2021.

What is the growth rate of the Global Autonomous Construction Equipment Market?

The growth rate of the Global Autonomous Construction Equipment Market is 9.5%, with an estimated value of $15.1 billion by 2025.

What is the forecasted size of the Global Autonomous Construction Equipment Market?

The Global Autonomous Construction Equipment Market is estimated to be worth $15.1 billion by 2025.

Who are the key companies in the Global Autonomous Construction Equipment Market?

Key companies in the Global Autonomous Construction Equipment Market include Komatsu Ltd, Caterpillar Inc., Hitachi Construction Machinery Co. Ltd., Volvo Construction Equipment, Built Robotics Inc., Cyngn, Royal Truck & Equipment and Deere and Company.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Built Robotics Inc.
  • Caterpillar Inc.
  • Cyngn
  • Deere and Company
  • Komatsu Ltd
  • Royal Truck & Equipment


1. Executive Summary2. Autonomous Construction Equipment Market Characteristics3. Autonomous Construction Equipment Market Trends and Strategies4. Impact Of COVID-19 On Autonomous Construction Equipment
5. Autonomous Construction Equipment Market Size and Growth
5.1. Global Autonomous Construction Equipment Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Autonomous Construction Equipment Forecast Market, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Partial/Semi Autonomous
  • Fully Autonomous


6.2. Global Autonomous Construction Equipment Market, Segmentation by product type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Road Construction
  • Building Construction
  • Others


7. Autonomous Construction Equipment Market Regional and Country Analysis
7.1. Global Autonomous Construction Equipment Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Autonomous Construction Equipment Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Autonomous Construction Equipment Market
10.1. India Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Autonomous Construction Equipment Market
11.1. Japan Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Autonomous Construction Equipment Market
12.1. Australia Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Autonomous Construction Equipment Market
13.1. Indonesia Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Autonomous Construction Equipment Market
14.1. South Korea Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Autonomous Construction Equipment Market
16.1. UK Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Autonomous Construction Equipment Market
17.1. Germany Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Autonomous Construction Equipment Market
18.4. France Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Autonomous Construction Equipment Market
20.1. Russia Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Autonomous Construction Equipment Market
24.1. Brazil Autonomous Construction Equipment Market, Segmentation by Autonomy, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Autonomous Construction Equipment Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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 Market29. Autonomous Construction Equipment Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Built Robotics Inc.
  • Caterpillar Inc.
  • Cyngn
  • Deere and Company
  • Komatsu Ltd
  • Royal Truck & Equipment
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, Deere and Company.

The global autonomous construction equipment market is expected grow from $9.47 billion in 2020 to $10.52 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $15.13 billion in 2025 at a CAGR of 10%.

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 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 market covered in this report is segmented by autonomy into partial/semi-autonomous, fully autonomous. It is also segmented by product type into earth moving equipment; construction vehicles; material handling equipment; concrete & road construction equipment and by application into road construction; building construction; others.

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.

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 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 the personal information is always being a major concern, limiting the growth of the Autonomous construction equipment market.

Making existing equipment autonomous is the growing trend in Autonomous construction equipment market. Companies are interested in automation but 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 a construction equipment. For instance, 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 become autonomous in the future, promising developments are on the horizon.

Most of the construction companies are facing heavy equipment operator shortage throughout the world. Manufacturers are more focused towards technology such as robotics and automation primarily to combat labour shortages along with finishing up their tasks faster, reduce wastage and provide high yields with improved quality. Experts believed that, one of the best solutions to combat labour shortage is to automate construction equipment, especially in remote areas, for repetitive tasks and in locations with significant labour shortages. Therefore, shortage in labour or skilled workforce is driving the Autonomous construction equipment market.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Komatsu Ltd
  • Caterpillar Inc.
  • Hitachi Construction Machinery Co. Ltd.
  • Volvo Construction Equipment
  • Built Robotics Inc.
  • Cyngn
  • Royal Truck & Equipment
  • Case Construction Equipment
  • Deere and Company
Note: Product cover images may vary from those shown

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