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    Autonomous Construction Equipment Market Trends Include Making Existing Equipment Autonomous
    (I-BusinessNews.Com, June 11, 2021 ) Making existing equipment autonomous is the growing trend in the autonomous construction equipment market. Companies are interested in automation but 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, 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 become autonomous in the future, promising developments are on the horizon.



    The autonomous construction equipment market consists of sales of autonomous construction equipment which works on wireless communication technologies, by interfering with radio signals from other equipment, receiving commands and reporting status. The equipment includes hardware retrofit and sensors added to get machine and process feedback, as well as knowledge of position and the surroundings. It assures benefits like improved safety, increased productivity, and reduced unscheduled maintenance. The market consists of revenue generated by the company’s manufacturing autonomous construction equipment by the sales of these products.



    Autonomous Construction Equipment Market Report Segments:

    1) By Autonomy: Partial/Semi-Autonomous

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

    3) By Application: Road Construction, Building Construction, Others



    Read More On The Global Autonomous Construction Equipment Market Report:

    https://www.thebusinessresearchcompany.com/report/autonomous-construction-equipment-global-market-report



    Autonomous Construction Equipment Market Size Forecast:

    The global autonomous construction equipment market is expected grow from $9.47 billion in 2020 to $10.52 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $15.13 billion in 2025 at a CAGR of 10%.



    Major Players in the Autonomous Construction Equipment Market:

    Komatsu Ltd

    Caterpillar Inc.

    Hitachi Construction Machinery Co., Ltd.

    Volvo Construction Equipment

    Built Robotics, Inc.

    Cyngn

    Royal Truck & Equipment

    Case Construction Equipment

    Deere and Company



    Request For A Sample:

    https://www.thebusinessresearchcompany.com/sample.aspx?id=3794&type=smp





    Autonomous Construction Equipment Global Market Report 2021: COVID 19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, autonomous construction equipment market segments and geographies, autonomous construction equipment market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.



    The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.



    Here Is A List Of Reports Similar To The Autonomous Construction Equipment Global Market Report By The Business Research Company:



    Construction Machinery Global Market Report 2021: COVID-19 Impact And Recovery To 2030

    https://www.thebusinessresearchcompany.com/report/construction-machinery-global-market-report



    Construction Global Market Report 2021: COVID-19 Impact And Recovery To 2030

    https://www.thebusinessresearchcompany.com/report/construction-global-market-report



    Metalworking Machinery Global Market Report 2021: COVID-19 Impact And Recovery To 2030

    https://www.thebusinessresearchcompany.com/report/metalworking-machinery-global-market-report-2020-30-covid-19-impact-and-recovery



    Interested to know more about The Business Research Company?

    Read more about us at

    https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx



    The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.



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