Global Autonomous Construction Equipment Market Overview 2023-2032 : Forecasted Market Size and Growth Rate | Caterpillar Inc, Komatsu Limited, Volvo Group, Hitachi Construction Machinery Co., Ltd., Doosan Corporation

As per The Business Research Company's Autonomous Construction Equipment Opportunities And Strategies Market Report 2023, The global autonomous construction equipment market reached a value of nearly $11,862.88 million in 2022, having grown at a compound annual growth rate (CAGR) of 9.1% since 2017. The market is expected to grow from $11,862.88 million in 2022 to $20,330.80 million in 2027 at a rate of 11.4%. The market is then expected to grow at a CAGR of 9.4% from 2027 and reach $31,840.99 million in 2032.

The autonomous construction equipment market growth is expected to be driven by the increase in construction activity in emerging markets. Emerging markets that registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For example, according to the US Census Bureau, in January 2023, the construction spending in the USA was estimated at $1,825.7 billion, which is 5.7% more than the January 2022 projection of $1,726.6 billion. Therefore, the rise in construction activities will support the market's growth.

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Companies in the autonomous construction equipment market are focusing on advanced construction equipment and developing new products to strengthen their position in the market. For example, in February 2023, Trimble, a USA-based company that supports global industries in building and construction, launched advanced path tech to automate construction equipment, designed to aid in the automation of the path, speed and overall trajectory of heavy equipment for contractors and equipment makers. According to the business, technology should make job activities go more quickly and bring autonomous equipment one step closer to the construction sector.

The top opportunities in the autonomous construction equipment market segmented by autonomy will arise in the partial or semi-autonomous segment, which will gain $5,583.6 million of global annual sales by 2027. The top opportunities in segment by type of product type will arise in the earth moving equipment segment, which will gain $3,811.5 million of global annual sales by 2027. The top opportunities in segment by application will arise in the other applications segment, which will gain $4,316.9 million of global annual sales by 2027. The autonomous construction equipment market size will gain the most in China at $2,113.0 million.

Autonomous Construction Equipment Market Segmentation:
The autonomous construction equipment market is segmented by autonomy, by product type and by application.
By Autonomy-
a) Partial Or Semi-Autonomous
b) Fully Autonomous

By Product Type -
a) Earth Moving Equipment
b) Construction Vehicles
c) Material Handling Equipment
d) Concrete And Road Construction Equipment

By Application -
a) Road Construction
b) Building Construction
c) Other Applications

Major players in the Autonomous Construction Equipment market include Caterpillar Inc, Komatsu Limited, Volvo Group, Hitachi Construction Machinery Co., Ltd., Doosan Corporation

The regions covered in the global Autonomous Construction Equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Autonomous Construction Equipment Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Autonomous Construction Equipment Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……..
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Autonomous Construction Equipment Market, Conclusions And Recommendations
23. Appendix

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