Autonomous Construction Equipment Market Global Demand, Growth, Opportunities, Top Key Players and Forecast to 2030
The global autonomous construction equipment market is expected to decline from $9.53 billion in 2019 to $8.46 billion in 2020 at a compound annual growth rate (CAGR) of -11.28%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. manufacturing.
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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 position and the surroundings. It assures benefits like improved safety, increased productivity, and reduced unscheduled maintenance.
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 labor 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 labor shortage is to automate construction equipment, especially in remote areas, for repetitive tasks and in locations with significant labor shortages.
Autonomous Construction Equipment Market Segmentation: -
By Product Type
1. Earth Moving Equipment
2. Construction Vehicles
3. Material Handling Equipment
4. Concrete & Road Construction Equipment
1. Road Construction
2. Building Construction
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Few Points From Table Of Content
1. Executive Summary
2. Autonomous Construction Equipment Market Characteristics
3. Autonomous Construction Equipment Market Size And Growth
4. Autonomous Construction Equipment Market Segmentation
5. Autonomous Construction Equipment Market Regional And Country Analysis
25. Autonomous Construction Equipment Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global Autonomous Construction Equipment Market Market
27. Autonomous Construction Equipment Market Trends And Strategies
28. Autonomous Construction Equipment Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the autonomous construction equipment market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved 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.
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