Autonomous Construction Equipment Market Size - By Product (Earthmoving & Roadbuilding Equipment, Material Handling and Cranes, Concrete Equipment), By Autonomy (Semi-Autonomous, Fully Autonomous), Forecast 2024 - 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format

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Autonomous Construction Equipment Market Size - By Product (Earthmoving & Roadbuilding Equipment, Material Handling and Cranes, Concrete Equipment), By Autonomy (Semi-Autonomous, Fully Autonomous), Forecast 2024 - 2032

Autonomous Construction Equipment Market Size

Autonomous Construction Equipment Market was valued at USD 8.8 billion in 2023 and is estimated to register a CAGR of over 7.5% between 2024 and 2032. The surge in infrastructure development projects and the construction industry is driving business growth. The increase in construction projects leads to higher demand for equipment to carry out various activities such as excavation, material handling, and transportation.

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The smart new autonomous construction equipment is a game-changer, making building sites a whole lot more efficient and productive. These machines can work around the clock without getting tired, so projects get done faster with less time wasted. How do they do it? They're packed with sensors and smart brains that gather data from the worksite on the fly. This info helps the machines make the best choices, like taking the fastest route or finding the most efficient speed. They don't make mistakes or need constant supervision, so there's less rework and waste. It's like having an army of super-smart, never-tiring workers on your team, making the finished product top-notch and saving you time and money in the process.

Autonomous Construction Equipment Market Report Attributes
Report Attribute Details
Base Year 2023
Autonomous Construction Equipment Market Size in 2023 USD 8.8 Billion
Forecast Period 2024-2032
Forecast Period 2024-2032 CAGR 7.5%
032 Value Projection USD 17.1 Billion
Historical Data for 2021-2023
No. of Pages 200
Tables, Charts & Figures 389
Segments covered Product, Autonomy
Growth Drivers
  • Surge in infrastructure development projects and the construction industry
  • Increasing focus on worker safety and labor shortages
  • Improved efficiency and productivity of autonomous equipment
  • Advancements in sensors, automation, and connectivity technology
  • Growing government support and incentives
Pitfalls & Challenges
  • High equipment cost of autonomous construction equipment
  • Safety and cybersecurity concerns

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The fancy tech that makes construction equipment run on its own is pretty pricey. It's like a supercomputer on wheels, with all the sensors, processors, and software it needs. The cost of putting this tech in existing machines or building new ones from scratch is way higher than the old-fashioned equipment. For small construction companies, that high price tag is a big hurdle. They might not have the cash to shell out for such a big investment, especially if they're not going to see a quick return. They need to make sure that the new equipment will pay for itself fast enough to be worth the cost.

As autonomous construction equipment is a relatively new technology, its performance and long-term advantages remain questionable. Construction businesses may be cautious about making such a huge expenditure without a clear assurance of the technology’s performance and return.

Autonomous Construction Equipment Market Trends

Imagine a construction site where the machines can think for themselves! Thanks to cutting-edge sensors like LiDAR and radar, these autonomous machines can see and understand their surroundings like never before. They can spot obstacles and hazards, and even avoid them. And with lightning-fast computers and AI brains, they can make quick decisions on the fly and keep getting better with time. But that's not all. These machines are also super-communicative. They chat with each other and with the control center over lightning-fast 5G networks. This means they can work together like a team, sharing information and optimizing the whole operation in real time. It's like having a construction site full of clever robots that work together to get the job done!

Autonomous Construction Equipment Market Analysis

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Based on product, the earthmoving & roadbuilding equipment segment is expected to hold around 52% of the market share by 2032. Earthmoving equipment are frequently used in repetitive operations such as excavating, hauling, grading, and paving. These predictable and controlled settings are suited for automation as they enable the creation of well-defined algorithms and operating rules for self-driving equipment. Construction sites for earthmoving and roadbuilding projects often have more regulated conditions than other construction segments, such as building construction. This decreases the amount of unknown variables that autonomous equipment must handle, making them easier to adopt and operate successfully.

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Based on the level of autonomy, the fully autonomous segment accounted for USD 3.6 billion market revenue in 2023. While the initial cost is greater, fully autonomous technology has the potential to provide considerable long-term cost reductions. This includes lower personnel expenses, less downtime, and more productivity, resulting in a faster return on investment. Fully autonomous equipment can work constantly, make real-time choices based on sensor data, and improve performance more effectively, resulting in increased production.

As the construction sector suffers a skilled labor crisis, fully autonomous equipment provides a feasible way to close the gap and keep projects on track. Fully autonomous equipment can eliminate human errors from the equation, possibly resulting in safer construction sites with fewer incidents and casualties.

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Asia Pacific is like the king of the autonomous construction equipment world, with a whopping 40% of the global market. It's got places like China, India, and Japan, and they're all busy building stuff like high-speed trains, fancy bridges, power plants, and even smart cities. All this building means they need smart ways to do it, and that's where autonomous construction equipment comes in. It's like a robot that can build things by itself, and it's perfect for saving time and effort. And guess what? APAC governments are all over it. They're like, "Hey, we love these construction robots!" So they're giving companies free money and tax cuts to help them buy more of them. It's like a big party for construction robots in Asia Pacific.

The U.S. has a strong network of high-speed internet, extensive connections, and a dynamic ecosystem of technology enterprises and research institutes. This makes it easier to seamlessly build, execute, and communicate with autonomous equipment. Along with this, the construction business in the U.S. promotes efficiency and worker safety. Autonomous equipment solves each of these problems by allowing for continuous operation, decreased downtime, and lesser human errors, resulting in speedier project completion and safer work environments.

European countries, including France, Germany, the UK, and the Netherlands, are witnessing significant growth in the autonomous construction equipment market. While the European Union as a whole is predicted to develop, Western Europe is likely to lead the way in the adoption of autonomous construction equipment due to a more sophisticated construction sector, more expenditure on infrastructure projects, and a stronger focus on innovations. Autonomous equipment can fill driver shortage by taking over monotonous jobs, enabling human workers to concentrate on more complicated ones.

Moreover, countries in the Middle East & Africa (MEA) region are witnessing several ambitious government-backed infrastructure projects, such as those in Saudi Arabia's Vision 2030 or the UAE upcoming Expo 2025. These large-scale projects often require high levels of efficiency and productivity, making autonomous equipment an attractive solution.

Autonomous Construction Equipment Market Share

Caterpillar, Volvo, Komatsu dominate the autonomous construction equipment industry. Caterpillar incorporates autonomous construction machinery into its suite of digital solutions, including Cat Connect, VisionLink, and Command, to deliver complete fleet management functionalities, remote monitoring features, and predictive maintenance options to clients for enhanced performance.

Volvo Construction Equipment dedicates significant resources to research & development efforts and engages in partnerships with technology firms, research bodies, and sector participants to pioneer innovation, validate technological advancements, and set benchmarks for autonomous construction machinery within the industry.

Autonomous Construction Equipment Market Companies

Major key players operating in the autonomous construction equipment industry are

  • Bobcat Company
  • Case Construction Equipment
  • Caterpillar Inc.
  • Doosan
  • Hitachi Construction Machinery Co., Ltd.
  • Komatsu Ltd.
  • Royal Truck & Equipment
  • Sany Group
  • Topcon Corporation
  • Volvo Construction Equipment

Autonomous Construction Equipment Industry News

  • In May 2024, Develon premiered its autonomous Concept-X 2.0 in Europe at the Intermat Paris 2024 exhibition. This cutting-edge technology was showcased through the DD100-CX autonomous dozer and DX225-CX autonomous crawler excavator, marking a significant debut for Develon in Europe. The Concept-X 2.0 represented the company's commitment to innovation and sustainability in the construction equipment industry, highlighting its focus on advanced autonomous solutions.
  • In December 2023, SafeAI introduced autonomous vehicles to work sites, aiming to revolutionize the construction and mining sectors. By equipping vehicles with a multimodal sensor suite and leveraging AI and onboard computing power, SafeAI enables real-time decision-making, obstacle detection, and efficient navigation. This approach allows mining & construction companies to convert their existing fleets into autonomous assets, enhancing safety, productivity, and cost-effectiveness on site.

This autonomous construction equipment market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and shipment (Units) from 2021 to 2032, for the following segments

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Market, By Product

  • Earthmoving & Roadbuilding Equipment 
    • Backhoes
    • Excavators
    • Loaders
    • Compaction equipment
    • Others
  • Material Handling and Cranes 
    • Storage and handling equipment
    • Engineered systems
    • Industrial trucks
    • Bulk material handling equipment
  • Concrete Equipment 
    • Concrete pumps
    • Crushers
    • Transit mixers
    • Asphalt pavers
    • Batching plants

Market, By Autonomy

  • Semi-autonomous
  • Fully autonomous

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • South Africa
    • UAE
    • Saudi Arabia
    • Rest of MEA

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Research design

1.1.1    Research approach

1.1.2    Data collection methods

1.2    Base estimates and calculations

1.2.1    Base year calculation

1.2.2    Key trends for market estimates

1.3    Forecast model

1.4    Primary research & validation

1.4.1    Primary sources

1.4.2    Data mining sources

1.5    Market definitions

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis, 2021 - 2032

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    Raw material providers

3.2.2    Component providers

3.2.3    Manufacturer

3.2.4    Distributors & dealers

3.2.5    End-user

3.3    Profit margin analysis

3.4    Technology & innovation landscape

3.5    Patent analysis

3.6    Key news & initiatives

3.7    Regulatory landscape

3.8    Impact forces

3.8.1    Growth drivers

3.8.1.1   Surge in infrastructure development projects and the construction industry

3.8.1.2   Increasing focus on worker safety and labor shortages

3.8.1.3   Improved efficiency and productivity of autonomous equipment

3.8.1.4   Advancements in sensors, automation, and connectivity technology

3.8.1.5   Growing government support and incentives

3.8.2    Industry pitfalls & challenges

3.8.2.1   High equipment cost of autonomous construction equipment

3.8.2.2   Safety and cybersecurity concerns

3.9    Growth potential analysis

3.10    Porter’s analysis

3.11    PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1    Introduction

4.2    Company market share analysis

4.3    Competitive positioning matrix

4.4    Strategic outlook matrix

Chapter 5   Market Estimates & Forecast, By Product, 2021 - 2032 ($Bn, Units)

5.1    Key trends

5.2    Earthmoving & roadbuilding equipment

5.2.1    Backhoes

5.2.2    Excavators

5.2.3    Loaders

5.2.4    Compaction equipment

5.2.5    Others

5.3    Material handling and cranes

5.3.1    Storage and handling equipment

5.3.2    Engineered systems

5.3.3    Industrial trucks

5.3.4    Bulk material handling equipment

5.4    Concrete equipment

5.4.1    Concrete pumps

5.4.2    Crushers

5.4.3    Transit mixers

5.4.4    Asphalt pavers

5.4.5    Batching plants

Chapter 6   Market Estimates & Forecast, By Autonomy, 2021 - 2032 ($Bn, Units)

6.1    Key trends

6.2    Semi-autonomous

6.3    Fully autonomous

Chapter 7   Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)

7.1    Key trends

7.2    North America

7.2.1    U.S.

7.2.2    Canada

7.3    Europe

7.3.1    UK

7.3.2    Germany

7.3.3    France

7.3.4    Spain

7.3.5    Italy

7.3.6    Russia

7.3.7    Nordics

7.3.8    Rest of Europe

7.4    Asia Pacific

7.4.1    China

7.4.2    India

7.4.3    Japan

7.4.4    South Korea

7.4.5    ANZ

7.4.6    Southeast Asia

7.4.7    Rest of Asia Pacific

7.5    Latin America

7.5.1    Brazil

7.5.2    Mexico

7.5.3    Argentina

7.5.4    Rest of Latin America

7.6    MEA

7.6.1    UAE

7.6.2    South Africa

7.6.3    Saudi Arabia

7.6.4    Rest of MEA

Chapter 8   Company Profiles

8.1    Action construction Equipment

8.2    AGCO Corporation

8.3    Arnikon

8.4    ASI Mining

8.5    Bobcat Company

8.6    Case Construction Equipment

8.7    Caterpillar Inc.

8.8    Daifuku Co, Ltd.

8.9    Doosan Infracore

8.10    Hitachi Construction Machinery Co., Ltd.

8.11    Husqvarna

8.12    John Deere

8.13    Komatsu Ltd.

8.14    Liebherr

8.15    Mahindra Construction Equipment

8.16    Royal Truck & Equipment

8.17    Sany Group

8.18    SBM Mineral Processing GmbH

8.19    Sumitomo Mitsui Construction Co., Ltd.

8.20    Volvo Construction Equipment
 

  • Bobcat Company
  • Case Construction Equipment
  • Caterpillar Inc.
  • Doosan
  • Hitachi Construction Machinery Co., Ltd.
  • Komatsu Ltd.
  • Royal Truck & Equipment
  • Sany Group
  • Topcon Corporation
  • Volvo Construction Equipment

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