Autonomous Construction Equipment Global Market Trend Analysis, Industry Forecast Report To 2032

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The Autonomous Construction Equipment Global Market Report 2023 by The Business Research Company, provides autonomous construction equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Autonomous Construction Equipment Global Market Report 2023, the global autonomous construction equipment market size will grow from $11.86 billion in 2022 to $14.05 billion in 2023 at a compound annual growth rate (CAGR) of 18.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global autonomous construction equipment is expected to grow to $20.33 billion in 2027 at a CAGR of 9.7%.

global autonomous construction equipment market size will grow from $11.86 billion in 2022 to $14.05 billion in 2023 at a compound annual growth rate (CAGR) of 18.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global autonomous construction equipment is expected to grow to $20.33 billion in 2027 at a CAGR of 9.7%

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The autonomous construction equipment market is segmented:

1) By Autonomy: Partial/Semi Autonomous, Fully Autonomous

2) By Product Type: Earth Moving Equipment, Construction Vehicles, Material Handling Equipment, Concrete & Road Construction Equipment

3) By Application: Road Construction, Building Construction, Other Applications

Making existing equipment autonomous is a growing trend in the autonomous construction equipment market. Companies are interested in automation but the implementation cost for deployment of technology is high. Therefore, construction companies are planning to rent autonomous machines to stay competitive by using new technology without the potential barriers of high investments. This is mainly avoiding costs associated with purchasing construction equipment. For instance, the cost of owning a commercial truck may add up to roughly $8,500 annually according to the statistics. To reduce the overall expenses, they are working on solutions to make their existing equipment autonomous. Built Robotics, is providing a manufacturer-agnostic solution to clients that wants to automate their machine by which customer could make their machinery autonomous without sacrificing manual operating capabilities. With more machines to be likely to become autonomous in the future, promising developments are on the horizon.

The autonomous construction equipment market report table of contents includes:

1.Executive Summary