Autonomous Construction Equipment Market Expected to Reach USD 15.92 Billion by 2032 | Growing at a CAGR of 7.80%

Market Research Future (MRFR) has published a cooked research report on the “Global Autonomous Construction Equipment Market” that contains information from 2018 to 2032. The autonomous construction equipment market is estimated to register a CAGR of 7.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global autonomous construction equipment market— Volvo Construction Equipment, Caterpillar Inc., Komatsu Ltd., Built Robotics, Inc., Hitachi Construction Machinery Co., Ltd.,Case Construction Equipment, Cyngn, Royal Truck & Equipment.

Market Highlights

The global autonomous construction equipment market is accounted to register a CAGR of 7.80% during the forecast period and is estimated to reach USD 16 billion by 2032.

Technological improvements, population expansion, and the need to modernize existing infrastructure are the key factors hindering the industry's growth. With a stronger emphasis on creating eco-friendly enterprises that are sustainable the export, import, and manufacturing regulations pertaining to construction equipment differ between countries. To stop unfair trade practices and support home manufacturers, several countries impose taxes on imports. Numerous technological developments for more dependable and optimal products are occurring in the construction equipment sector. Technologies for autonomous operation are gradually being adopted by the off-highway sector.

Segment Analysis

The global autonomous construction equipment market has been segmented based autonomy, type and application.

On the basis of autonomy, the market is segmented into Semi-Autonomous and Fully-Autonomous. The semi-autonomous segment was attributed to holding the largest market share in 2022 due to a growing shortage of skilled workers around the world.

Based on type, the global autonomous construction equipment market has been segmented into Earth Moving Equipment, Construction Vehicles, Material Handling Equipment, Concrete and Road Construction Equipment. The construction vehicles segment was expected to hold the largest market share in 2022 because Construction vehicles allow crews to perform all sorts of tasks more quickly and efficiently.

On the basis of application, the market is segmented into Road Construction, Building Construction and Others. The building construction segment was attributed to holding the largest market share in 2022 because the world's population continues to grow, and the need for additional housing, businesses, and infrastructure is growing.

Regional Analysis

The global autonomous construction equipment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe autonomous construction equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The autonomous construction equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World autonomous construction equipment market comprises of Middle East, Africa, and Latin America.

The largest market share for autonomous construction equipment was maintained by the North American regional sector. The region's smart city development is largely responsible for the market's growth. To support infrastructure projects, for example, the region's growing cities create a need for new infrastructure and structures to house the growing population. This in turn raises the requirement for construction equipment like bulldozers, cranes, and excavators. Furthermore, as cities expand, there will likely be a greater need for digitization in the building industry. Furthermore, the region's expanding agribusiness industry and increased air pollution.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for autonomous construction equipment is driven by rising environmental consciousness and the establishment of strict environmental legislation. The market expansion is supported by an increase the construction sector to collaborate with one another in order to hasten the development of cutting-edge autonomous heavy machinery.

Additionally, the region's smart city development is largely responsible for the market's growth. To support infrastructure projects, for example, the region's growing cities create a need for new infrastructure and structures to house the growing population. This in turn raises the requirement for construction equipment like bulldozers, cranes, and excavators. Furthermore, as cities expand, there will likely be a greater need for digitization in the building industry. Furthermore, the region's expanding agribusiness industry.

Furthermore, the rest of the world's autonomous construction equipment market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of autonomous heavy machinery. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global autonomous construction equipment market is expected to reach USD 16 billion by 2032, at a CAGR of 7.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing infrastructure and structures to house by government bodies through policies and initiatives.


• Based on application, the building construction segment was attributed to holding the largest market share in 2022.


• Volvo Construction Equipment, Caterpillar Inc., Komatsu Ltd., Built Robotics, Inc., Hitachi Construction Machinery Co., Ltd.,Case Construction Equipment, Cyngn, Royal Truck & Equipment.