What is Autonomous Construction Equipment Market Scope?
Autonomous construction equipment, also known as driverless construction equipment is equipment that is capable of sensing its environment and moving and doing construction tasks with little or no human input. Autonomous construction equipment has the capability to do complex jobs and increase productivity as well as safety. Increased US infrastructure spending drives the demand and upsurging commercial and residential construction projects across the United States are the major drivers fueling the growth of the market.
Influencing Trend:
Technological Advancements Such As Internet of Things (IoT), Artificial Intelligence (AI)
Market Growth Drivers:
Increased US Infrastructure Spending Drives the Demand, Upsurging Commercial and Residential Construction Projects across the United States and Autonomous Equipment can Improve Productivity by Doing Complex Tasks Coupled with Increase the Safety
Challenges:
The myth about Labor Unemployment
Restraints:
The High Equipment Cost is expected to hinder its Adoption and Strict Regulations May also Pose Barriers
Opportunities:
Autonomous Equipment in Construction Could Boost Safety, Legalization of Driverless Vehicles across the Many US States and The Future of Construction is Digital
The Autonomous Construction Equipment market study is being classified by Type (Partial/Semi-Autonomous and Fully Autonomous), by Application and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of United States Autonomous Construction Equipment market throughout the predicted period.
Terex Corporation (United States), Bobcat (United States), Deere and Company (United States), Cummins (United States), Caterpillar Inc. (United States), SANY America Inc. (United States), JCB (United Kingdom), Liebherr-International AG (Germany), Komatsu Limited (Japan), Volvo Group (Sweden), Doosan Corporation (South Korea) and Hitachi Construction Machinery Co., Ltd (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Atlas Copco (Sweden), Yingchuang Building Technique Co. (China), XCMG Group (China), Kobelco Construction Machinery Co (Japan), Sany Heavy Industry (China), Zoomlion (China), Fastbrick Robotics (Australia), Fujita (Japan), Toyota Industries (Japan), Kubota (Japan), Tadano Limited (Japan), Takeuchi Manufacturing (Japan) and ELB Equipment (Kenya).
Segmentation Analysis
Analyst at AMA have segmented the market study of United States Autonomous Construction Equipment market by Type, Application and Region.
On the basis of geography, the market of Autonomous Construction Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In January 2020, Doosan Bobcat, a global leader in the compact equipment industry, acquired BOB-CAT Mowers and Steiner and Ryan brand soil management equipment from Schiller Grounds Care, Inc. BOB-CAT, Steiner, and Ryan team members have joined the Doosan Bobcat family.
On 27 Jan. 2021, SANY recently demonstrated the capabilities of a driverless fleet of pavers and rollers in China. The fleet consisted of two pavers, two single drum rollers, two tire rollers and one double-drum roller. The unmanned machines were used for compacting as well as cement-treated paving on the main road leading to Xiong’an New Area, which is a part of the newly named China (Hebei) Pilot Free Trade Zone where construction work is in high demand.
Key Target Audience
Autonomous Construction Equipment Manufacturers, Autonomous Construction Equipment Traders/Distributors, Potential Technology Investors, Regulatory & Government Bodies, Upstream & Downstream Vendors, End Users and Others
Autonomous Construction Equipment Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Autonomous Construction Equipment Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Autonomous Construction Equipment industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.