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Global Autonomous Construction Equipment Market Size, Share & Trends Analysis Report, By Type (Partial/Semi-Autonomous, Fully Autonomous), By Product Type (Earth Moving Equipment, Material Handling Equipment, Concrete Construction Equipment, Road Construction Equipment), By Technology (Conventional, Collaborative), By Application (Road Construction, Building Construction), By Region (North America, Europe, APAC, and Others), and Segment Forecasts, 2023-2032
  • Published Date: Jan, 2024
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  • Pages: 200
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  • Format: PDF
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  • Report Summary
  • Table of Contents
  • Segmentation
  • Methodology
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Global Autonomous Construction Equipment Market was valued at US $ 8.73 billion in 2023 and is expected to reach US $ 15.92 billion by 2032 growing at a CAGR of 7.80 % during the forecast period 2024 – 2032. This market has grown due to increased urbanization. Increased urbanisation will also impose pressure on municipalities to lower their emission levels and enhance the quality of air. Furthermore, the impact of electric and hybrid powertrain’s introduction will add to the growth prospect created by the penetration of autonomous construction equipment. The pollution produced by these powertrains is minimal when compared to that of diesel equipment. A good example is the increasing urbanization rate of more than percent annually in 2021 for India.

The rate of technological revolution in automatic construction equipment will also increase rapidly leading to market expansion greatly during the forecast period. Due to the incorporation of machine learning algorithms, GPS, sensors as well as other advanced technologies, heavy machinery can now operate independently. These technologies can enhance the precision and the level of accuracy of machines that carry out monotonous tasks. The value of autonomous construction equipment exceeded twenty billion that same year topping of that value. This market expands because of increased urbanisation. Urbanization is likely to lead to increased pressure on municipalities to cut down on emissions and better air quality. Furthermore, the impact of expanded participation within the market might prove considerable as the use of electric and hybrid powertrains for autonomous equipment. These are far cleaner than most “diesels” and the machines that run on these powertrains produce about 98% less pollution than does traditional diesel powered equipment. For example, the urbanization rate of India was more than 1 percent per annum in 2021.

Furthermore, technological development in the field of autonomous construction equipment will also speed up during the forecast period contributing to major growth of the market. With technologies such as the recent addition of machine learning, GPS, sensors, and others, heavy machineries can now operate on auto pilot. These technologies can be used to customize machines for the more precise and accurate performing of routine tasks.

The Autonomous Construction Equipment Trend Analysis

Productivity and Efficiency: The self-driven construction machines can increase productivity and enhance operations on site. These devices are constantly operating, making it possible for various projects to be accomplished at a higher speed.

One of the main benefits related to autonomous equipment is increased safety. It enhances safety on construction sites by removing the need for human operators during some operations thereby reducing the possibility of accidents/injuries during such works.

Technological Advancements: Construction apparatus can now operate without a driver because of the development of very sophisticated sensors such as GPS and LiDAR. Such technologies make machines perform their tasks more accurately and move through complex paths without difficulties.

Human operators, therefore, are enabled to work with autonomous construction equipment remotely. It minimizes the risk of dangerous circumstances by allowing only authorized personnel to use the equipment without leaving the shelter zone.

Cost Considerations: Though the purchase of autonomous construction machinery can require a larger sum to start with, it is likely that it could enhance safety, increase efficiency, and promote productivity within the industry.

Additionally, deploying autonomous instruments in production can yield favourable ecological gains. CENSE: For example, it is possible to create specialized programming software for these devices; the construction industry could use such software to optimize its petroleum consumption and emissions reduction policies, thus, supporting sustainability initiatives.

Segmentation Analysis of the Autonomous Construction Equipment Market

By Application (Road Construction, Building Construction)

The building construction sector is expected to constitute a market worth roughly 50% by value over the next years. The expansion of this industry segment is due to increasing world populations. Growing world population results in subsequent demand of infrastructure, housing and businesses. Together, those are the major ones that make it imperative to have self-driven constructions machinery in practice nowadays due to a number of reasons. Moreover, autonomous devices can also undertake tasks very accurately because they use sophisticated sensors and algorithms. This allows for minimal revision and hence, improved quality of the construction process.

By Type fully autonomous and semi/partially autonomous.

Accordingly, by the end of 2035, it is expected that the partial/semi-autonomous segment of the autonomous construction equipment market would record a highest compound annual growth rate (CAGR). The growth is because there are globally shortage suitably qualified workers . The autonomy refers to the fact that some function is performed on behalf of part or whole heavy equipment, which has a semi-autonomous or partially-autonomous capability. Currently these sectors including mining and construction are facing shortages of specialized workers. The use of semi-autonomous or autonomous heavy equipment increases worker productivity because it does not require human operators, while also performs tasks more quickly and accurately than human operators. It is expected that this will provide good growth prospects for the industry over time. According to the study, the semi-autonomous segment will generate about six point three billion US dollars in 2026.

By Product Type

The market for cranes is expected to grow rapidly during the forecast period giving an impetus to the material handling equipment and cranes segment. The market segments in the equipment part consist of material handling equipment and cranes, earthmoving equipment, crushing and screening equipment, road construction equipment, and civil engineering equipment. The growth of the market, material handling machinery and cranes is expected, as the demand for such cranes or other pieces of equipment intended to lift heavy constructions or materials in numerous industries grows exponentially. Material handling systems in warehouses and construction include AGVs, forklifs, and telescopic handlers. Additionally, road construction equipment and earthmoving equipment are likely to be seen in increased demand because of the expected growth in industrial and commercial building activities in developing nations like China and India. The civil engineering and concrete equipment industry are expected to grow as these quantities affect the demand for such equipment. A drop in demand for mining applications will promote significant increases in the crushing and screening equipment market.

Regional Analysis of the Autonomous Construction Equipment Market

Market Forecasts for APAC

It is expected that with time that by the last year with its 2035 the Asia Pacific autonomous construction equipment market will occupy the largest share of about 35% revenue. This growth is mainly due to smart cities’ establishment within the region. In this regard, urbanisation and development of new structures in the city require more population capacity housing and other necessary infrastructure. As a result, this burst of construction activity magnifies the demand for such machines as bulldozers, cranes, and excavators that can support various infrastructure efforts. Also, with an increasing growth of urban areas there will be a rising demand of digitisation in construction activities. Additionally, rising air pollution and growing agricultural sectors in this region would lead increase market growth in the forthcoming years.

Market Data for North America

The prediction is that the automated construction equipment in North America will experience rapid growth during the forecast period. There are large-scale companies in the region and this can explain its growing market. Besides, several firms set aside funds in order to develop and explore self-driven machines or heavy vehicles, which is another field of activity fast growing.

COVID-19 Impact Analysis on Autonomous Construction Equipment Market.

Construction work is not completely possible due to the COVID-19 pandemic restricting its progress.

The COVID-19 pandemic stagnated global economic activities, especially in the building and construction sector. CECE estimates that about 60 percent of European construction equipment industry has been badly hit due to Covid-19. This mainly benefits original equipment manufacturers (OEMs). Moreover, AGC of America added that as many as USD 160 billion worth of construction projects was affected by the pandemic.

Due to the abrupt stoppage of the building construction, the rentals for the machinery were greatly interrupted. Likewise, other players such as General Motors and Volkswagen decided to suspend production in their international plants for about one month as well.

As an instance, Hitachi Construction Machinery Co. Ltd. declared in April 2020 that there is a need for the company to make uniform adjustments to the manufacturing assembly and painting process of hydraulic constituency’s medium-wheeled loaders and medium and huge

However, the retail, food, and packaging industries made a point of looking for forklift trucks since this category is regarded as necessary supply lines for daily operations. Demand for the products was based on the rate of progress of ongoing projects, the path of budgetary inflows from governmental sources, availability of transport, as well as the employees in place at project sites among others.

Top Key Players 

  • Caterpillar Inc.
  • Volvo Construction Equipment
  • Built Robotics Inc.
  • Royal Truck & Equipment Case Construction Equipment
  • Case Construction Equipment
  • Cyngn Inc.

Recent Developments

  • In April, 2023, Caterpillar signed a strategic agreement with Trimble that saw the two companies jointly develop and sell self-driving construction gear. The partnership between Trimble and Caterpillar involves integrating Trimble’s capabilities in machine control, guidance, and positioning technologies, into Caterpillar’s construction equipment expertise.
  • In March 2023 Komatsu bought a company developing perception software for autonomous vehicles known as Dynamic Perception. The acquisition will improve performance and safety of Komatsu’s autonomous construction equipment.

Report Components Details
Base Year 2022
Forecast Period 2023 –2032
Quantitative Units Revenue in US $
Drivers Rapid urbanization and the demand for new infrastructure projects are driving the need for more efficient construction methods, Government incentives and schemes to support the adoption of autonomous construction equipment
Segments Covered By Type: Partial/Semi-Autonomous, Fully Autonomous; By Product Type: Earth Moving Equipment, Material Handling Equipment, Concrete Construction Equipment, Road Construction Equipment; By Application: Road Construction, Building Construction
Countries Covered U.S. and Canada in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the APAC, Others include Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), Brazil, Argentina, Mexico, and Rest of South America as part of South America
Market Players Covered Caterpillar Inc., Volvo Construction Equipment, Built Robotics Inc., Royal Truck & Equipment Case Construction Equipment, Case Construction Equipment, Cyngn Inc.

Table of Contents

  1. Introduction Of Global Autonomous Construction Equipment Market
    1. Overview of the Market
    2. Scope of Report
    3. Assumptions
  2. Executive Summary
  3. Research Methodology
    1. Data Mining
    2. Validation
    3. Primary Interviews
    4. List of Data Sources
  4. Global Autonomous Construction Equipment Market Outlook
    1. Overview
    2. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    3. Porters Five Force Model
      1. Bargaining Power of Suppliers
      2. Threat of New Entrants
      3. Threat of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power among Buyers
    4. Value Chain Analysis
  5. Global Autonomous Construction Equipment Market, By Type
    1. Overview
    2. Partial/Semi-Autonomous
    3. Fully Autonomous
  6. Global Autonomous Construction Equipment Market, By Product Type
    1. Overview
    2. Earth Moving Equipment
    3. Material Handling Equipment
    4. Concrete Construction Equipment
    5. Road Construction Equipment
  7. Global Autonomous Construction Equipment Market, By Application
    1. Road Construction
    2. Building Construction
  8. Global Autonomous Construction Equipment Market By Region
    1. North America
      1. U.S.
      2. Canada
    2. Europe
      1. Germany
      2. U.K.
      3. France
      4. Rest of Europe
    3. Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Singapore
      6. Malaysia
      7. Australia
      8. Thailand
      9. Indonesia
      10. Philippines
      11. Rest of Asia Pacific
    4. Others
      1. Saudi Arabia
      2. U.A.E.
      3. South Africa
      4. Egypt
      5. Israel
      6. Rest of Middle East and Africa (MEA)
      7. Brazil
      8. Argentina
      9. Mexico
      10. Rest of South America
  9. Company Profiles
    1. Caterpillar Inc.
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    2. Volvo Construction Equipment
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    3. Built Robotics Inc.
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    4. Royal Truck & Equipment Case Construction Equipment
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    5. Case Construction Equipment
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News
    6. Cyngn Inc
      1. Company Overview
      2. Key Executives
      3. Operating Business Segments
      4. Product Portfolio
      5. Financial Performance (As per availability)
      6. Key News

Global Autonomous Construction Equipment Market Segmentation

Autonomous Construction Equipment by Type: Market Size & Forecast 2024-2032

  • Partial/Semi-Autonomous
  • Fully Autonomous

Autonomous Construction Equipment by Product Type: Market Size & Forecast 2024-2032

  • Earth Moving Equipment
  • Material Handling Equipment
  • Concrete Construction Equipment
  • Road Construction Equipment

Autonomous Construction Equipment by Application: Market Size & Forecast 2024-2032

  • Road Construction
  • Building Construction

Autonomous Construction Equipment by Geography: Market Size & Forecast 2024-2032

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

  • Caterpillar Inc.
  • Volvo Construction Equipment
  • Built Robotics Inc.
  • Royal Truck & Equipment Case Construction Equipment
  • Case Construction Equipment
  • Cyngn Inc.

Frequently Asked Questions

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