Industry Outlook
Moderately paced construction industry is getting ready for automation revolution with construction equipment giants introducing their ace products in market. Autonomous construction equipment can be operated with little or no human intervention for performing a predefined task. Autonomous equipment has potential to propose exceptional combination of efficiency productivity and safety which is a rare sight in construction industry. Realizing the market prospects, major international construction equipment manufacturing companies are buckling up to contribute to the market progression that estimated to grow with a CAGR of 28.7% throughout the forecast period. The market size projected to triple its size in next few years with several more companies other than traditional construction equipment manufacturers striving to enter the market with cutting-edge technology.
Market Synopsis
Autonomous Earth Moving Equipment Holds Potential to Unleash Market Potential in Coming Years
At present, construction vehicle leads the pack of autonomous construction equipment followed by material handling equipment. Dumps trucks and hauling trucks were the first commercial breed of autonomous construction equipment to work on job sites. For instance, 73 autonomous hauling trucks were used at the iron-ore mine in Pilbara, Western Australia in 2015. Besides construction vehicles autonomous material handling equipment including cranes, forklifts, hoists, and conveyors among others already experiencing paradigm shift towards automation. However, with companies testing their autonomous shovels, diggers and dozers extensively, autonomous earth moving equipment estimated to surpass construction vehicles and material handling equipment in terms of market value in the next few years.
Construction Equipment Gradually Shifting from Partial to Fully Autonomous Stature
Autonomy of construction equipment is a slow and continuous process and is trying to catch pace with development in autonomous cars. However, the amount of research & development involved in driverless cars is way ahead compared to construction equipment. Autonomous construction equipment lacks depth of artificial intelligence which is a prime requirement for any fully autonomous machines. Achieving partial autonomy was a big milestone and construction equipment expected to continue with partial autonomy before they get ready for complete independence. Consequently, partial autonomous construction equipment leads the market and projected to continue their dominance throughout the forecast period. However, beyond forecast period fully autonomous construction equipment projected to surpass partial equipment making them the things of past.
Construction and Mining Industry in Asia Pacific Creating Positive Outlook to Autonomous Construction Equipment Market
Booming construction and mining industry in Asia Pacific is setting platform for autonomous equipment market to flourish. Countries in Asia Pacific are welcoming autonomous equipment for construction and mining which is a rare sight in terms of accepting new technology compared to North America and Europe. Home to few of the most dominant companies in the field, Asia Pacific projected to witness rapid growth in terms of product development and commercialization of autonomous equipment in coming years. However, companies in Europe and North America estimated to emerge considerably during the forecast owing to the pace with which equipment is evolving in these regions. However, the technology will take considerable amount of time to reach market of developing region including Middle East & Africa and Latin America.
Market Segmentation
by Equipment (2016–2026; US$ Bn)
by Autonomy (2016–2026; US$ Bn)
Geography Segment (2016–2026; US$ Bn)
Steps Taken by Autonomous Equipment Manufacturers will Decide the Faith of Market Growth
The faith in autonomous construction equipment market lies within the development process undertaken by leading companies as well as new ventures. At present, established as well as start-up companies are playing their part in designing, developing and promoting autonomous construction equipment. Their efforts are slowly starting to pay-off with few of the early commercial models tagged with success. These companies are engaged in the continuous process of product development with an intent to get a jump start in the market with vast potential. However, participation of industry giants and start-up companies has already made the market highly competitive and the market anticipated to become more fragmented in coming years. The research study includes recent development of some of the most promising companies including Komatsu Ltd., Caterpillar Inc., Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, Built Robotics, Inc., Cyngn, Royal Truck & Equipment, Case Construction Equipment, and Deere and Company among others.
Key questions answered in this report
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Autonomous Construction Equipment Market
2.2 Global Autonomous Construction Equipment Market, by Equipment
2.3 Global Autonomous Construction Equipment Market, by Autonomy
2.4 Global Autonomous Construction Equipment Market, by Geography
Chapter 3 Market Dynamics
3.1 Global Autonomous Construction Equipment Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Flourishing Construction Industry
3.1.1.2 Investment by Market Players to Develop Technology
3.1.1.3 Increased Productivity, Efficiency, and Safety
3.1.2 Market Challenges
3.1.2.1 Market Still is in Early Stages
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players
Chapter 4 Global Autonomous Construction Equipment Market Analysis, by Equipment
4.1 Overview
4.1.1 Global Autonomous Construction Equipment Market Value Share, by Equipment, 2017 & 2026 (Value, %)
4.1.2 Global Autonomous Construction Equipment Market Value, by Equipment, 2016 – 2026 (US$ Bn)
4.2 Earth moving Equipment
4.2.1 Global Autonomous Earth Moving Equipment Market, 2016 – 2026 (US$ Bn)
4.3 Construction Vehicle
4.3.1 Global Autonomous Construction Vehicle Market, 2016 – 2026 (US$ Bn)
4.4 Material Handling Equipment
4.4.1 Global Autonomous Material Handling Equipment Market, 2016 – 2026 (US$ Bn)
4.5 Concrete & Road Construction Equipment
4.5.1 Global Autonomous Concrete & Road Construction Equipment Market, 2016 – 2026 (US$ Bn)
Chapter 5 Global Autonomous Construction Equipment Market Analysis, by Autonomy
5.1 Overview
5.1.1 Global Autonomous Construction Equipment Market Value Share, by Autonomy, 2017 & 2026 (Value, %)
5.1.2 Global Autonomous Construction Equipment Market Value, by Autonomy, 2016 – 2026 (US$ Bn)
5.2 Partial Autonomous
5.2.1 Global Partial Autonomous Construction Equipment Market for Residential End-use, 2016 – 2026 (US$ Bn)
5.3 Fully Autonomous
5.3.1 Global Fully Autonomous Construction Equipment Market for Commercial End-use, 2016 – 2026 (US$ Bn)
Chapter 6 North America Autonomous Construction Equipment Market Analysis
6.1 Overview
6.1.1 North America Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
6.2 North America Autonomous Construction Equipment Market, by Equipment, 2016 – 2026 (US$ Bn)
6.2.1 Comparative Analysis
6.3 North America Autonomous Construction Equipment Market Analysis, by Autonomy, 2016 – 2026 (US$ Bn)
6.3.1 Comparative Analysis
6.4 North America Autonomous Construction Equipment Market Analysis, by Country, 2016 – 2026 (US$ Bn)
6.4.1 U.S.
6.4.2 Rest of North America
Chapter 7 Europe Autonomous Construction Equipment Market Analysis
7.1 Overview
7.1.1 Europe Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
7.2 Europe Autonomous Construction Equipment Market, by Equipment, 2016 – 2026 (US$ Bn)
7.2.1 Comparative Analysis
7.3 Europe Autonomous Construction Equipment Market Analysis, by Autonomy, 2016 – 2026 (US$ Bn)
7.3.1 Comparative Analysis
7.4 Europe Autonomous Construction Equipment Market Analysis, by Country, 2016 – 2026 (US$ Bn)
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe
Chapter 8 Asia Pacific Autonomous Construction Equipment Market Analysis
8.1 Overview
8.1.1 Asia Pacific Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
8.2 Asia Pacific Autonomous Construction Equipment Market, by Equipment, 2016 – 2026 (US$ Bn)
8.2.1 Comparative Analysis
8.3 Asia Pacific Autonomous Construction Equipment Market Analysis, by Autonomy, 2016 – 2026 (US$ Bn)
8.3.1 Comparative Analysis
8.4 Asia Pacific Autonomous Construction Equipment Market Analysis, by Country, 2016 – 2026 (US$ Bn)
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
Chapter 9 Rest of the World (RoW) Autonomous Construction Equipment Market Analysis
9.1 Overview
9.1.1 RoW Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
9.2 RoW Autonomous Construction Equipment Market, by Equipment, 2016 – 2026 (US$ Bn)
9.2.1 Comparative Analysis
9.3 RoW Autonomous Construction Equipment Market Analysis, by Autonomy, 2016 – 2026 (US$ Bn)
9.3.1 Comparative Analysis
9.4 RoW Autonomous Construction Equipment Market Analysis, by Country, 2016 – 2026 (US$ Bn)
9.4.1 Middle East & Africa (MEA)
9.4.2 Latin America
Chapter 10 Company Profiles
10.1 Komatsu Ltd.
10.2 Caterpillar Inc.
10.3 Hitachi Construction Machinery Co., Ltd.
10.4 Volvo Construction Equipment
10.5 Built Robotics, Inc.
10.6 Cyngn
10.7 Royal Truck & Equipment
10.8 Case Construction Equipment
10.9 Deere and Company
FIG. 1 Global Autonomous Construction Equipment Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Autonomous Construction Equipment Market Segmentation
FIG. 4 Global Autonomous Construction Equipment Market, by Equipment, 2017 (US$ Bn)
FIG. 5 Global Autonomous Construction Equipment Market, by Autonomy, 2017 (US$ Bn)
FIG. 6 Global Autonomous Construction Equipment Market, by Geography, 2017 (US$ Bn)
FIG. 7 Global Autonomous Construction Equipment Market Value and Growth, 2016 – 2026, (US$ Bn) (Y-o-Y %)
FIG. 8 See-Saw Analysis: Global Autonomous Construction Equipment Market
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Autonomous Construction Equipment Companies, 2017
FIG. 11 Global Autonomous Construction Equipment Market Value Share, by Equipment, 2017 & 2026 (Value, %)
FIG. 12 Global Autonomous Earth Moving Equipment Market, 2016 – 2026 (US$ Bn)
FIG. 13 Global Autonomous Construction Vehicle Market, 2016 – 2026 (US$ Bn)
FIG. 14 Global Autonomous Material Handling Equipment Market, 2016 – 2026 (US$ Bn)
FIG. 15 Global Autonomous Concrete & Road Construction Equipment Market, 2016 – 2026 (US$ Bn)
FIG. 16 Global Autonomous Construction Equipment Market Value Share, by Autonomy, 2017 & 2026 (Value, %)
FIG. 17 Global Partial Autonomous Construction Equipment Market for Residential End-use, 2016 – 2026 (US$ Bn)
FIG. 18 Global Fully Autonomous Construction Equipment Market for Commercial End-use, 2016 – 2026 (US$ Bn)
FIG. 19 North America Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 20 U.S. Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 21 Rest of North America Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 22 Europe Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 23 U.K. Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 24 Germany Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 25 France Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 26 Rest of Europe Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 27 Asia Pacific Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 28 China Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 29 Japan Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 30 India Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 31 Rest of Asia Pacific Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 32 RoW Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 33 Middle East & Africa (MEA) Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
FIG. 34 Latin America Autonomous Construction Equipment Market Value, 2016-2026, (US$ Bn)
TABLE 1 Market Snapshot: Global Autonomous Construction Equipment Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global Autonomous Construction Equipment Market, by Equipment, 2016 – 2026 (US$ Bn)
TABLE 5 Global Autonomous Construction Equipment Market, by Autonomy, 2016 – 2026 (US$ Bn)
TABLE 6 North America Autonomous Construction Equipment Market, by Equipment, 2016 – 2026 (US$ Bn)
TABLE 7 North America Autonomous Construction Equipment Market, by Autonomy, 2016 – 2026 (US$ Bn)
TABLE 8 Europe Autonomous Construction Equipment Market, by Equipment, 2016 – 2026 (US$ Bn)
TABLE 9 Europe Autonomous Construction Equipment Market, by Autonomy, 2016 – 2026 (US$ Bn)
TABLE 10 Asia Pacific Autonomous Construction Equipment Market, by Equipment, 2016 – 2026 (US$ Bn)
TABLE 11 Asia Pacific Autonomous Construction Equipment Market, by Autonomy, 2016 – 2026 (US$ Bn)
TABLE 12 RoW Autonomous Construction Equipment Market, by Equipment, 2016 – 2026 (US$ Bn)
TABLE 13 RoW Autonomous Construction Equipment Market, by Autonomy, 2016 – 2026 (US$ Bn)
TABLE 14 Komatsu Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Caterpillar Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 Hitachi Construction Machinery Co., Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 Volvo Construction Equipment: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 Built Robotics, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 Cyngn: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 Royal Truck & Equipment: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Case Construction Equipment: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 22 Deere and Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
