Press release
Construction 4.0 Market Size, Share, Growth, Report & Industry Overview2023-2028
construction 4.0 market
The global construction 4.0 market size reached US$ 14.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.1 Billion by 2028, exhibiting a growth rate (CAGR) of 15.7% during 2023-2028.
Construction 4.0 comprises interconnected technologies that automate, digitize, and integrate the construction process throughout the value chain. It relies on various technologies, such as the internet of things (IoT), digital twin, additive manufacturing, artificial intelligence (AI), cloud computing, cyber-physical systems (CPS), and building information modeling (BIM). It assists in reducing human errors, improving productivity, and enhancing decision-making. As it lowers energy consumption, reduces waste materials, and carbon dioxide (CO2) emissions in the environment, the demand for construction 4.0 is increasing across the globe.
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Global Construction 4.0 Market Trends and Drivers:
At present, the rising construction of new roads and highways around the world represents one of the primary factors strengthening the growth of the market. Besides this, the growing utilization of drones at construction sites for enhanced inspection and monitoring of construction activities in real-time across the globe is offering a positive market outlook. Apart from this, the increasing adoption of three-dimensional (3D) printing and the internet of things (IoT) for indoor navigation, maintenance, security, and smart meeting rooms are bolstering the growth of the market. Additionally, the rising need for waste optimization and time and resource management in the construction industry is offering lucrative growth opportunities to industry investors. Furthermore, the increasing employment to avoid human errors and enhance remote monitoring is propelling the growth of the market.
Global Construction 4.0 Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: ABB Ltd., Autodesk Inc, Brickeye, CalAmp Corp., Hexagon AB, Hilti Corporation, Mitsubishi Electric Corporation, Oracle Corporation, Topcon Corporation and Trimble Inc.
The report has segmented the market on the basis of region, product and end user. solution, technology, application and end user.
Breakup by Solution:
Hardware
Software
Services
Breakup by Technology:
IoT
Artificial Intelligence
Industrial Robots
Others
Breakup by Application:
Asset Monitoring
Predictive Maintenance
Fleet Management
Wearables
Others
Breakup by End User:
Residential
Non-residential
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
If you want the latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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