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Autonomous Construction Equipment Market Share

Report ID: GMI6556
Published Date: May 2024
Report Format: PDF

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Autonomous Construction Equipment Market Share

Caterpillar, Volvo, Komatsu dominate the autonomous construction equipment industry. Caterpillar incorporates autonomous construction machinery into its suite of digital solutions, including Cat Connect, VisionLink, and Command, to deliver complete fleet management functionalities, remote monitoring features, and predictive maintenance options to clients for enhanced performance.

Volvo Construction Equipment dedicates significant resources to research & development efforts and engages in partnerships with technology firms, research bodies, and sector participants to pioneer innovation, validate technological advancements, and set benchmarks for autonomous construction machinery within the industry.

Autonomous Construction Equipment Market Companies

Major key players operating in the autonomous construction equipment industry are:

Bobcat Company
Case Construction Equipment
Caterpillar Inc.
Doosan
Hitachi Construction Machinery Co., Ltd.
Komatsu Ltd.
Royal Truck & Equipment
Sany Group
Topcon Corporation
Volvo Construction Equipment

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of autonomous construction equipment was reached USD 8.8 billion in 2023 and will register over 7.5% CAGR between 2024 and 2032, driven by the surge in infrastructure development projects and the construction industry.

The earthmoving & roadbuilding equipment segment in the autonomous construction equipment market is expected to hold 52% share by 2032, owing to its frequent utility in repetitive operations such as excavating, hauling, grading, and paving.

Asia Pacific autonomous construction equipment market recorded 40% revenue share in 2023 and will grow rapidly through 2032, owing to the surge in infrastructure development projects.

Bobcat Company, Case Construction Equipment, Caterpillar Inc., Doosan, Hitachi Construction Machinery Co., Ltd., Komatsu Ltd., Royal Truck & Equipment, Sany Group, Topcon Corporation, and Volvo Construction Equipment among others.