Product Code: GVR-4-68040-452-7
Market Size & Trends:
The global autonomous construction equipment market size was estimated at USD 12.72 billion in 2023 and is expected to grow at a CAGR of 9.6% from 2024 to 2030.The surge in infrastructure development projects is a major driving force behind the market growth. As governments and private entities embark on ambitious infrastructure initiatives, such as building highways, bridges, and urban transit systems, the demand for efficient and precise construction technologies increases. Autonomous construction equipment offers a solution to meet the high demands of these large-scale projects by improving productivity, reducing construction timelines, and enhancing the accuracy of complex tasks.
The rapid advancements in artificial intelligence (AI) and machine learning are revolutionizing the autonomous construction equipment market. Modern AI algorithms enhance the ability of construction machinery to perform complex tasks with high precision and efficiency. Developments in sensor technology and real-time data processing further improve the accuracy and reliability of autonomous systems. Innovations such as advanced imaging and LiDAR systems are enabling machines to navigate and interact with their environment more effectively. These technological breakthroughs are driving increased adoption and investment in autonomous construction equipment.
Safety concerns are a major driving force behind the adoption of autonomous construction equipment. By reducing the need for human operators in hazardous environments, autonomous machinery helps mitigate risks associated with construction sites. Enhanced safety features, such as collision avoidance and real-time monitoring, are becoming standard in modern autonomous equipment. These improvements not only protect workers but also minimize the likelihood of costly accidents and project delays. As safety regulations become more stringent, the demand for autonomous solutions that enhance site safety is expected to grow.
The construction industry is facing a significant shortage of skilled labor, prompting a shift towards automation to maintain productivity. Autonomous construction equipment offers a viable solution to this challenge by performing tasks that would otherwise require a large workforce. The integration of robotics and automation helps alleviate the dependency on manual labor, addressing the issue of labor shortages effectively. Companies are investing in autonomous technologies to streamline operations and ensure projects are completed on time despite the limited availability of skilled workers. This trend is likely to drive continued growth in the autonomous equipment sector.
Cost efficiency is a critical factor driving the adoption of autonomous construction equipment. While the initial investment in autonomous machinery can be high, the long-term savings in labor costs and operational expenses are substantial. Autonomous systems can operate around the clock without breaks, leading to increased productivity and faster project completion times. Additionally, reduced human error and improved precision contribute to lower material wastage and rework costs. As construction companies seek to optimize their budgets, the financial benefits of autonomous equipment become increasingly compelling.
Global Autonomous Construction Equipment Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global autonomous construction equipment market report based on autonomy, type, application, and region:
- Autonomy Outlook (Revenue, USD Million, 2018 - 2030)
- Semi-autonomous
- Fully autonomous
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Earth Moving Equipment
- Construction Vehicles
- Material Handling Equipment
- Concrete and Road Construction Equipment
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Road Construction
- Building Construction
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East & Africa (MEA)
- UAE
- Kingdom of Saudi Arabia (KSA)
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.2. Market Challenge Impact Analysis
- 3.3.3. Market Opportunity Impact Analysis
- 3.4. Autonomous Construction Equipment Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Autonomous Construction Equipment Market: Autonomy Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Autonomous Construction Equipment Market: Autonomy Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Semi-Autonomous
- 4.3.1. Semi-Autonomous Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Fully Autonomous
- 4.4.1. Fully Autonomous Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Autonomous Construction Equipment Market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Autonomous Construction Equipment Market: Type Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Earth Moving Equipment
- 5.3.1. Earth Moving Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Construction Vehicles
- 5.4.1. Construction Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Material Handling Equipment
- 5.5.1. Material Handling Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Concrete and Road Construction Equipment
- 5.6.1. Concrete and Road Construction Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Autonomous Construction Equipment Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Autonomous Construction Equipment Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Road Construction
- 6.3.1. Road Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Building Construction
- 6.4.1. Building Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Autonomous Construction Equipment Market: Regional Estimates & Trend Analysis
- 7.1. Autonomous construction equipment market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. India Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Japan Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.6.2. The Kingdom of Saudi Arabia (KSA)
- 7.6.2.1. The Kingdom of Saudi Arabia (KSA) Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.6.3. UAE
- 7.6.3.1. UAE Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Arica
- 7.6.4.1. South Africa Autonomous construction equipment market estimates & forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research And Development
- 8.7. Company Profiles
- 8.7.1. Caterpillar
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Bobcat Company
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. CNH Industrial America LLC.
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. Built Robotics.
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. AB Volvo
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. Komatsu Ltd.
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. Hitachi Construction Machinery Co., Ltd.
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. Royal Truck & Equipment
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Sany Group
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. TOPCON CORPORATION
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments