Autonomous Construction Equipment Market is Projected to Rise on the Back of Rapid Urbanization and Infrastructure Development
According to a new report published by FAST.MR, titled, “Autonomous Construction Equipment Market” witnessed a market value of USD XXX billion in 2018 and is considered to surpass USD XXX billion by 2024, recording a compound annual growth rate (CAGR) of XX% between 2019 and 2024. The autonomous construction equipment market is analysed based on regions, by equipment and by level of automation. The regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The research report also includes detailed competitive analysis of dominant market players in autonomous construction equipment market, such as Caterpillar Inc., Volvo Construction Equipment, Hitachi Construction Machinery Co., Ltd., Built Robotics, Inc. and others.
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Based on the equipment, the market has been classified into earth moving equipment, construction vehicle, material handling equipment, concrete & road construction equipment, and others. In equipment segment, earth moving equipment segment contributed around XX% market share of the autonomous construction equipment market in 2018. Global earth moving construction equipment segment was totalled at USD XXX.X billion in 2018 and is projected to reach USD XXX.X billion in 2024 at a CAGR of XX.X% from 2019 to 2024. Autonomous construction equipment market by level of automation segment include partially autonomous and fully autonomous sub-segments. Partially autonomous construction equipment system segment was valued at USD XX million in 2018 and is expected to reach USD XX Million by 2024, progressing at a CAGR of XX% from 2019 to 2024.
Region-wise, the market has been segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. At present, North America is the prominent market, holding XX% of the global market share. The competitive landscape of the market has been examined in the report. Some of the key players operating in the market include Caterpillar Inc., Volvo Construction Equipment, Hitachi Construction Machinery Co., Ltd., Built Robotics, Inc. and others prominent players.
Research Scope and Deliverables:
- Research Methodology & Executive Summary
- Market Drivers, Trends, Barriers and Opportunities
- Market Size and Forecast Projections
- Competitive Analysis
- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
- Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the autonomous construction equipment market by the following segments:
- Level of Automation
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the further breakdown of market data and analysis of region into countries is covered in the report.