Adoption of Advanced Technology Improves the Construction Sector
The adoption of autonomous technology is increasing among all industries including construction, manufacturing, agricultural and other. Autonomous equipment uses construction support systems such as cameras, GPS, and ground surveys, as well as interactive, real-time data exchange with construction machinery to minimize problems and ensure stable remote construction.
Atonomous Construction Equipment offers various Advantages such as:
- Reduced operational costs
- Increased accuracy
- Predictive equipment maintenance
- Worker safety
- Prevention of environmental incident
Construction sector is currently looking to use self-driving construction equipment to do repetitive activities such as concrete pouring, bricklaying, welding, and even demolition. Some of the key players of atonomous construction equipment are focusing on research and development to develop innovative products.
Komatsu Ltd.
Business Segment/ Overview:
Komatsu is Japan based manufacturer of construction, mining, and utility equipment worldwide. The company operates through three segments: Construction, Mining, and Utility Equipment; Retail Finance; and Industrial Machinery and Others.
It has total 81 manufacturing operations locations consisting of construction and mining/utility equipment and 58 sales operations consisting of construction and mining/utility equipment.
The company offers wide range product portfolio which includes blasthole drills, crushing equipment, dozers, draglines, excavators, motor graders, hybrid mining shovel, underground hard rock drills, wheel loaders and others. The company also offers parts and attachments for the machineries such as Hydraulic breakers, buckets, dipper and others.
Business Strategy
Komatsu Ltd. has adopted advanced Intelligent machine control and wireless monitoring system, it has smart construction that has increased demand for its products in the market. The company has presence across all region which has boosted its growth in the market. The company has engaged into acquisition with key players which increased its share in the market. For instance, in 2017 company acquired Joy Global Inc., a leading U.S. manufacturer of mining equipment and changed the trade name to Komatsu Mining Corp. The company has committed towards respect, diversity of product line that propelled its growth in the market.
Furthermore, the company focuses innovation to empower a sustainable future where people, businesses, and our planet thrive together. The company is engaged in expanding its global network to increase the presence of the company across the globe. Additionally, the company is investing in research and development to improve the efficiency and to build products with advanced technologies. The company is expanding its production capacity by building new production facilities at different locations.
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Year |
Recent News |
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November 2021 |
Komatsu Ltd. has selected for development of innovative technologies for Outer Space Autonomous Construction managed by the Japanese Government: participating in the project for promoting the development of innovative technologies for autonomous construction, such as on the moon. |
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October 2021 |
Komatsu Ltd. and its wholly owned subsidiary Komatsu Europe International N.V. announced that Komatsu FrontRunner, an Autonomous Haulage System (AHS), will be deployed on 11 930E-5 ultra-class haul trucks at Aitik, one of Europe's largest open pit copper mines, located in northern Sweden and owned by the Swedish company Boliden. |
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September 2021 |
Komatsu introduces concept autonomous water truck- In development vehicle planned for commercially availability in 2022 |
Caterpillar
Business Segment/ Overview:
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, resource, 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
Business Strategy
Caterpillar has focused on innovation in the design of products in the portfolio. Company has effective distribution service across globe. Caterpillar Inc. has improved its operational service and focused on expansion of portfolio in order to strengthen its position in the market. The company has done significant R&D investment in the market to boost its growth.
Further, the company is involved in several strategic acquisitions of other market players to expand the product portfolio of the company. The company is involved in environment sustainability by reducing water consumption for the company.
Author's Detail:
Kalyani Raje / Linkedin
With a work experience of over 8+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as report writing, content writing, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
Author's Detail:
Kalyani Raje /
LinkedIn
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
