From Globe Newswire: 2025-02-21 10:00:00

The Autonomous Construction Equipment Market was valued at USD 12.72 billion in 2023, projected to reach USD 27.61 billion by 2032 with a CAGR of 8.99%. Technological advancements and labor shortages are driving the adoption of autonomous machinery for enhanced efficiency and safety on construction sites.

Semi-autonomous equipment dominates the market, with earth-moving equipment leading at 32% market share in 2023. Road construction equipment holds over 42% market share, driven by infrastructure projects and smart city initiatives. Automation in construction machinery improves efficiency, accuracy, and reduces labor dependency.

North America leads the Autonomous Construction Equipment Market, accounting for over 38% market share in 2023, driven by advanced technology infrastructure and investment in construction automation. Asia-Pacific is the fastest-growing region, fueled by urbanization and demand for large-scale infrastructure projects, leveraging autonomous technologies for productivity and safety improvements.

In February 2024, Deere & Company introduced second-generation autonomous tractors and industrial equipment with AI and advanced cameras. These machines operate without human intervention, addressing labor shortages in agriculture and construction. The lineup includes autonomous tractors, a quarry dump truck, and a battery-electric landscaping mower, offering autonomy kits for existing machinery upgrades. SNS Insider is a top market research and consulting agency dominating the global market research industry. They aim to provide clients with up-to-date market data, consumer insights, and opinions to make confident decisions. Utilizing techniques like surveys and focus groups worldwide, they ensure clients are equipped to navigate changing circumstances effectively.

The Autonomous Construction Equipment Market report includes segmentation by autonomy, type, and application, as well as regional analysis, company profiles, use cases, and best practices. For in-depth analysis and to purchase the full research report for 2024-2032, visit the provided link.

For more information or customized research options, contact SNS Insider at [email protected]. Stay ahead of the competition with accurate market data and insights to drive informed decision-making in a rapidly changing business landscape.



Read more at Globe Newswire: Autonomous Construction Equipment Market to Reach USD 27.61