Autonomous construction equipment Market

Autonomous construction equipment Market

Autonomous construction equipment Market - By Equipment (Earth moving Equipment, Construction Vehicle, Material Handling Equipment, Concrete & Road Construction Equipment and Others), By Application (Partial Autonomous, Fully Autonomous) & Global Region - Market Size, Trends, Opportunity, Forecast 2018-2024

SKU FMR-0054
Industry Industrial Equipment's & Automation
Published Aug, 2019
Autonomous construction equipment Market, Industrial Equipment's & Automation
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Autonomous construction equipment Market

  • Report Description
  • Table Of Content
  • List of Tables
  • List of Figures

The autonomous construction equipment is equipped with onboard sensors, cameras, and LIDAR, which allows them to perform tasks and operate safely. The idea of autonomous construction equipment was sparkled by intense hype around self-driving cars. The global Autonomous construction equipment market reached at a market valuation of USD XXX Billion in 2018 and is estimated to grow at a CAGR of XX.X% during the forecast period, i.e., 2019-2024.      

Market Insights

Growth Drivers – Autonomous Construction Equipment Market

Labor Shortage

With rapid urbanization and active infrastructure development in dire need of repair, demand for construction is robust across the globe. However, contractors are facing issues with finding qualified construction personals. This lack in the number of skilled employees leads to delays, higher prices, and often lower quality work. This labor shortage is poised to emerge as a crucial factor that is anticipated to encourage the demand for autonomous tractors. Contractors are willing to use autonomous heavy equipment in repetitive tasks as it is a cost-friendly alternative to the traditional methods.

Urbanization and Infrastructure Development

With rising population across the globe, the migration from rural to urban areas has also grown in recent years. The growing urban population has increased the demand for new houses and buildings, which in turn augmenting the need for heavy and efficient construction types of machinery. However, present labor and construction equipment are not enough to meet the demand for construction activities around the world. Use of autonomous construction equipment is allowing constructors to wrap their jobs in lower time as compared to old methods. Apart from this, the involvement of government entities in the constructions industry is also expected to result in greater adoption of autonomous construction equipment.

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Barriers – Autonomous Construction Equipment Market

The immense cost associated with the adoption of autonomous construction equipment and presence of non-autonomous equipment is two significant barriers in the growth of global independent construction equipment market.    

Market Trends – Autonomous Construction Equipment Market

Product Innovation

Manufacturers are spending significant capital on advancements of their autonomous construction equipment. Although existing autonomous construction equipment can work in required conditions, still it must overcome some significant technical issues to assure safety at the job site.  

Segmentation Analysis

The free construction equipment market is segmented in different categories, including by equipment and by the level of automation. The market is segmented by equipment into earth moving equipment, construction vehicle, material handling equipment, concrete & road construction equipment, and others. Among this segment, the material handling construction equipment segment is expected to capture significant shares of the market in 2018. Global material handling construction equipment segment was totaled 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. Moreover, based on the level of automation, the autonomous construction equipment market is further sub-segmented into partial and fully autonomous construction equipment.  

Geographical Analysis

Regionally, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. When it comes to autonomous construction equipment market, North America is the leader in the autonomous construction equipment market. The North America region has acquired significant market shares and is poised to continue its dominance in the coming years.

Competitive Analysis

The report also covers detailed competitive analysis of major market players of the global Autonomous construction equipment market, such as Caterpillar Inc., Volvo Construction Equipment, Hitachi Construction Machinery Co., Ltd., and, Built Robotics, Inc. and other major & notable players. Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by business segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).

Segmentation

By Equipment

- Earth moving Equipment

- Construction Vehicle

- Material Handling Equipment

- Concrete & Road Construction Equipment

- Others

By Level of Automation

- Partial Autonomous

- Fully Autonomous

By Geography

- North America (U.S. & Canada)

- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)

- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)

- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)

- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The report profiles various major market players such as

  • Caterpillar Inc.
  • Volvo Construction Equipment
  • Hitachi Construction Machinery Co., Ltd.
  • Built Robotics, Inc.
  • Other Major & Niche Players

The study also provides a company’s positioning and market share in Autonomous construction equipment market.

Timeline Considered for Analysis:

- 2018: Base Year

- 2019: Estimated Year

- 2019 to 2024: Forecast Period

Research Scope and Deliverables

Overview & Executive Summary

Market Drivers, Trends, Challenges and Opportunities

Market Size and Forecast Projections

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 analyzes the global Autonomous construction equipment market by the following segments:

- Equipment

- Level of Automation

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Autonomous Construction Equipment Industry Report

  • What is the overall market size in 2018? What will be the market growth during the forecast period i.e. 2019-2024?
  • Which region would have high demand for product in the upcoming years?
  • What are the factors driving the growth of the market?
  • Which sub-market will make the most significant contribution to the market?
  • What are the market opportunities for existing and entry-level players?
  • What are various long-term and short-term strategies adopted by the market players?

Research Methodology

Market Definition and List of Abbreviations

1. Executive Summary
2. Growth Drivers & Issues in Global Autonomous Construction Equipment Market
   2.1. North America
   2.2. Europe
   2.3. Asia Pacific
   2.4. Europe
   2.5. Middle East & Africa

3. Global Autonomous Construction Equipment Market Trends
4. Opportunities in Global Autonomous Construction Equipment Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Macro-Economic Trends
8. PEST Analysis
9. Market Value Chain and Supply Chain Analysis

10. Global Autonomous Construction Equipment Market Value (USD Million), 2018-2024
11. Global Autonomous Construction Equipment Market Segmentation Analysis, By Equipment

   11.1. Introduction
   11.2. Market Attractiveness, By Equipment
   11.3. BPS Analysis, By Equipment
   11.4. Earth moving Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   11.5. Construction Vehicle Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   11.6. Material Handling Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   11.7. Concrete & Road Construction Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   11.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

12. Global Autonomous Construction Equipment Market Segmentation Analysis, By Level of Automation
   12.1. Introduction
   12.2. Market Attractiveness, By Level of Automation
   12.3. BPS Analysis, By Level of Automation
   12.4. Partial Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   12.5. Fully Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

13. Geographical Analysis
   13.1. Introduction
   13.2. North America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.2.1. By Equipment
     13.2.1.1. Introduction
     13.2.1.2. Market Attractiveness, By Equipment
     13.2.1.3. BPS Analysis, By Equipment
     13.2.1.4. Earth moving Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.2.1.5. Construction Vehicle Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.2.1.6. Material Handling Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.2.1.7. Concrete & Road Construction Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.2.1.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.2.2. By Level of Automation
     13.2.2.1. Introduction
     13.2.2.2. Market Attractiveness, By Level of Automation
     13.2.2.3. BPS Analysis, By Level of Automation
     13.2.2.4. Partial Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.2.2.5. Fully Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.2.3. By Country
     13.2.3.1. Market Attractiveness, By Country
     13.2.3.2. BPS Analysis, By Country
     13.2.3.3. U.S. Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.2.3.4. Canada Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

   13.3. Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.3.1. By Equipment
     13.3.1.1. Introduction
     13.3.1.2. Market Attractiveness, By Equipment
     13.3.1.3. BPS Analysis, By Equipment
     13.3.1.4. Earth moving Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.1.5. Construction Vehicle Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.1.6. Material Handling Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.1.7. Concrete & Road Construction Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.1.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.3.2. By Level of Automation
     13.3.2.1. Introduction
     13.3.2.2. Market Attractiveness, By Level of Automation
     13.3.2.3. BPS Analysis, By Level of Automation
     13.3.2.4. Partial Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.2.5. Fully Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.3.3. By Country
     13.3.3.1. Market Attractiveness, By Country
     13.3.3.2. BPS Analysis, By Country
     13.3.3.3. Germany Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.3.4. United Kingdom Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.3.5. France Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.3.6. Italy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.3.7. Spain Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.3.8. Russia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.3.3.9. Rest of Europe Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

   13.4. Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.4.1. By Equipment
        13.4.1.1. Introduction
       13.4.1.2. Market Attractiveness, By Equipment
     13.4.1.3. BPS Analysis, By Equipment
     13.4.1.4. Earth moving Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.4.1.5. Construction Vehicle Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.4.1.6. Material Handling Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.4.1.7. Concrete & Road Construction Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.4.1.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.2. By Level of Automation
     13.4.2.1. Introduction
     13.4.2.2. Market Attractiveness, By Level of Automation
     13.4.2.3. BPS Analysis, By Level of Automation
     13.4.2.4. Partial Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.4.2.5. Fully Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.3. By Country
   13.4.3.1. Market Attractiveness, By Country
   13.4.3.2. BPS Analysis, By Country
   13.4.3.3. China Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.3.4. India Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.3.5. Japan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.3.6. South Korea Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.3.7. Indonesia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.3.8. Taiwan Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.3.9. Australia Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.3.10. New Zealand Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.4.3.11. Rest of Asia Pacific Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

13.5. Latin America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.5.1. By Equipment
     13.5.1.1. Introduction
      13.5.1.2. Market Attractiveness, By Equipment
     13.5.1.3. BPS Analysis, By Equipment
     13.5.1.4. Earth moving Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.5.1.5. Construction Vehicle Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.5.1.6. Material Handling Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.5.1.7. Concrete & Road Construction Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.5.1.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.5.2. By Level of Automation
     13.5.2.1. Introduction
     13.5.2.2. Market Attractiveness, By Level of Automation
     13.5.2.3. BPS Analysis, By Level of Automation
     13.5.2.4. Partial Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.5.2.5. Fully Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.5.3. By Country
     13.5.3.1. Market Attractiveness, By Country
     13.5.3.2. BPS Analysis, By Country
     13.5.3.3. Brazil Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.5.3.4. Mexico Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.5.3.5. Rest of Latin America Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

   13.6. Middle East & Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.1. By Equipment
     13.6.1.1. Introduction
     13.6.1.2. Market Attractiveness, By Equipment
      13.6.1.3. BPS Analysis, By Equipment
     13.6.1.4. Earth moving Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.1.5. Construction Vehicle Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.1.6. Material Handling Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.1.7. Concrete & Road Construction Equipment Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.1.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
   13.6.2. By Level of Automation
     13.6.2.1. Introduction
     13.6.2.2. Market Attractiveness, By Level of Automation
     13.6.2.3. BPS Analysis, By Level of Automation
     13.6.2.4. Partial Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.2.5. Fully Autonomous Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.3. By Geography
     13.6.3.1. Market Attractiveness, By Geography
     13.6.3.2. BPS Analysis, By Geography
     13.6.3.3. GCC Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.3.4. North Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.3.5. South Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024
     13.6.3.6. Rest of Middle East & Africa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis (%), 2018-2024

14. Competitive Landscape
   14.1. Market Share of Key Players
   14.2. Market Positioning of Major Players in Global Autonomous Construction Equipment Market
   14.3. Company Profiles
     14.3.1. Komatsu
       14.3.1.1. Company Overview
       14.3.1.2. Product Offered
       14.3.1.3. Business Strategy
       14.3.1.4. Financials
       14.3.1.5. SWOT Analysis
       14.3.1.6. Market Share Analysis
      14.3.1.7. Key Achievements & Developments
    14.3.2. Caterpillar Inc.
    14.3.3. Hitachi Construction Machinery Co., Ltd.
    14.3.4. Volvo Construction Equipment
    14.3.5. Built Robotics, Inc.
    14.3.6. Cyngn
    14.3.7. Royal Truck & Equipment
    14.3.8. Case Construction Equipment
    14.3.9. Deere and Company
    14.3.10. Other Major & Niche Players

15. Disclaimer