Autonomous Construction Equipment Market

Industry Outlook

With construction equipment giants introducing their ace products to the market, the moderately paced construction industry is preparing for an automation revolution. Autonomous construction equipment can be operated with little or no human intervention to perform a predefined task. Autonomous Equipment has the potential to offer an exceptional combination of efficiency, productivity, and safety, which is a rare sight in the construction industry. Realizing the market prospects, major international construction equipment manufacturing companies are buckling up to contribute to the market progression that is estimated to grow with a CAGR of 28.7% throughout the forecast period. The market size is projected to triple in the next few years, with several more companies other than traditional construction equipment manufacturers striving to enter the market with cutting-edge technology.

Market Synopsis

In the coming years, autonomous earth-moving Equipment has the potential to unleash market potential.

At present, construction vehicles lead the pack of autonomous construction equipment, followed by material handling equipment. Dump trucks and hauling trucks were the first commercial breeds 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, is already experiencing a paradigm shift towards automation. However, with companies testing their autonomous shovels, diggers, and dozers extensively, autonomous earth-moving Equipment is estimated to surpass construction vehicles and material handling equipment in terms of market value in the next few years.

Construction Equipment is gradually transitioning from a partially autonomous to a fully autonomous state.

Construction equipment autonomy is a slow and continuous process that is attempting to catch up with the development of self-driving cars. However, the amount of research and development involved in driverless cars is way ahead compared to construction equipment. Autonomous construction equipment lacks the depth of artificial intelligence, which is a prime requirement for fully autonomous machines. Achieving partial autonomy was a big milestone, and construction equipment was expected to continue with partial autonomy before getting ready for complete independence. Consequently, partial autonomous construction equipment leads the market and is projected to continue its dominance throughout the forecast period. However, beyond the forecast period, fully autonomous construction equipment is projected to surpass partial Equipment, making them a thing of the past.

The Asia-Pacific construction and mining industries are boosting the market for autonomous construction equipment.

Asia Pacific’s thriving construction and mining industries are laying the groundwork for a thriving autonomous equipment market. 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 a few of the most dominant companies in the field, Asia Pacific is projected to witness rapid growth in terms of product development and commercialization of autonomous Equipment in the coming years. However, companies in Europe and North America are estimated to emerge considerably during the forecast owing to the pace with which Equipment is evolving in these regions. However, the technology will take a considerable amount of time to reach the markets of developing regions, including the Middle East, Africa, and Latin America.

Market Segmentation

By Equipment (2016-2026; billions of dollars)

• Earth Moving Equipment
• Construction Vehicles
• Material handling equipment
• Concrete and road construction equipment

By Autonomy (2016-2026; $1 billion USD)

• Partial Autonomous
• Fully Autonomous

Geography (2016-2026; USD Billion)

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Rest of Europe

Asia-Pacific (APAC)

• China
• Japan
• India
• Rest of Asia Pacific

Rest of the World (RoW)

• Middle East and Africa
• Latin America

Steps taken by autonomous equipment manufacturers will determine market growth.

The faith in the autonomous construction equipment market is rooted in the development efforts of both leading companies and 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 a few of the early commercial models tagged as successes. These companies are engaged in the continuous process of product development with the intent to get a jump start in a market with vast potential. However, the participation of industry giants and start-up companies has already made the market highly competitive, and it is anticipated that the market will become more fragmented in the coming years. The research study includes the 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 & Company, among others.

Key questions are answered in this report.

• What are the upcoming trends and potential opportunities in the autonomous construction equipment market?
• How will advancements in navigation and control technologies affect the development of the market for autonomous construction equipment?
• Which segments are projected to be the largest and fastest in terms of equipment type and autonomy?
• Which geographical region will favor the growth of the autonomous construction equipment market?
• What role will developing regions such as the Asia Pacific, the Middle East, and Africa, and Latin America play in the development of autonomous construction equipment?

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

List of Figures

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)

List of Tables

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)