Autonomous Construction Equipment Market Report 2023 (Global Edition)

Global Autonomous Construction Equipment Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Autonomous Construction Equipment Industry growth. Autonomous Construction Equipment market has been segmented with the help of its Type, Application Automotion, and others. Autonomous Construction Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Autonomous Construction Equipment Market, By Type

Earth Moving Equipment 

The Earth Moving Equipment Market Size in Autonomous Construction Equipment market will be USD 5,094.40 Million by 2028.

Earth-moving equipment refers to a variety of machinery that can dig, grade, and do other tasks in addition to excavating and grading soil and rock. Many distinct types of earth-moving equipment are now available, each with its own set of vehicles and automated systems. Robotic and modern technology machines are included in this automation. A robotic arm (a set of links and joints) operated by a hydraulic system and a tool specialized for operations such as material loading or excavation often make up the robotic mechanism. A common example of autonomous earth-moving equipment includes wheel loaders and excavators.

Material Handling Equipment

Material handling equipment (MHE) is a type of mechanical equipment that is used to move, store, manage, and protect materials, commodities, and products throughout the construction process. The industry employs a variety of cranes such as portable gantry cranes, single or double bridge overhead cranes, jib cranes, low headroom jib cranes, and mobile floor cranes to lift and move building material, concrete blocks, and construction equipment. For driverless on-site hauling activities, the industry uses autonomous dump truck systems. On the construction site, the Automated Vertical Transport System (AVTS) is also utilized to autonomously load, unload, and distribute products.

Concrete & Road Construction Equipment

Equipment manufacturers have introduced innovative and intelligent road construction technologies to accelerate the pace of higher-quality road building. Automation provides a lot of advantages and enhancements to work process control. At present with the help of automation, things are changing in road construction, as mobile equipment manufacturers provide modern features like GPS, data collecting, condition monitoring, secure remote repair, networking possibilities, and much more. 

Similarly, automated road construction and maintenance technicians are in great demand due to escalating road construction and maintenance costs and a lack of productivity increase

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Autonomous Construction Equipment Industry. Request a Free Sample PDF!

Autonomous Construction Equipment Market, By Application

Road Construction

The Road Construction Revenue in Autonomous Construction Equipment market is projected to reach USD 5,519.42 Million by 2028.

In the construction of roads, a variety of equipment is used. The expense of building, inspecting, and maintaining roads is rising. As a result, demand for self-driving construction equipment rises. Thus, robotics is being used in road construction. Aside from the financial advantages, automated road building has various other advantages, such as improved worker safety and health

Building Construction

Building construction activity has increased in recent years. This needs quick and low-cost work. As a result, the use of autonomous equipment such as dozers, excavators, load carriers, and haul trucks is gaining traction in the construction industry. This equipment can be employed in the destruction of buildings, the construction of new buildings, the addition of new buildings to existing structures, and the required adjustments to existing buildings.

Others

Autonomous construction equipment is also employed in bridge construction. The fast rise of urbanization and growing traffic levels necessitate the construction of a bridge, which frequently necessitates the use of an autonomous vehicle to prevent the danger of construction.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Autonomous Construction Equipment market report 2023 Edition by contacting our team.

Autonomous Construction Equipment Automotion Segment Analysis

Partial/Semi-Autonomous

The Partial/Semi-Autonomous Revenue in Autonomous Construction Equipment market is anticipated to reach USD 14,428.67 Million by 2028.

Semi-automatic construction equipment is a construction equipment that requires some manual input. Numerous autonomous machines and high-tech equipment are now semi-autonomous. The equipment is operated by humans, yet it collects data automatically as it moves around a place. It makes its own decisions about how to handle resources and complete activities based on that knowledge. The work is completed when the machine evaluates the data

Fully Autonomous

The mine can work 24 hours a day, with all activities monitored from a remote operation center, due to its fully autonomous operation. Self-driving construction machinery is being used by certain organizations to do repetitive activities such as concrete pouring, bricklaying, welding, and even demolition. The use of fully automatic machines increases production while reducing worker exposure to dangerous areas

• Partial/Semi-Autonomous
• Fully Autonomous

Autonomous Construction Equipment Market Regional Analysis

Region and country analysis section of Autonomous Construction Equipment Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Autonomous Construction Equipment market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Company Profile

Caterpillar

Caterpillar specializes in the manufacturing of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company has over 97,000 employees worldwide. The company is operating under 21 brands. The company has several operating segments including construction industries, resources, energy and transportation, and services provided in the portfolio.

The company operates under various brands such as 
•    Cat
•    Cat lift trucks
•    Hindustan
•    MWM
•    Turner powertrain systems
•    Anchor
•    M2M
•    Cat Reman
•    Asia Trak
•    SEM
•    Olympian
•    Others

RECENT NEWS

• October 2020

Caterpillar has Signed agreement to acquire Weir oil & gas 

Caterpillar Inc. has signed an agreement to acquire the Oil & Gas Division of the Weir Group PLC. It is a Scotland-based global engineering business, headquartered near Fort Worth, Texas, Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead, and pressure control products that are serviced via an extensive global network of service centers located near customer operations.

Top Companies Market Share in Autonomous Construction Equipment Industry: (In no particular order of Rank)

• Komatsu Ltd.
• Caterpillar Inc.
• Hitachi Construction Machinery Co.Ltd.
• Volvo Construction Equipment
• Built Robotics Inc.
• Cyngn
• Royal Truck & Equipment
• Case Construction Equipment
• Company 9
• Company 10
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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