Global Autonomous Heavy Equipment Market Trends, Forecast Report 2025-2037
Autonomous Heavy Equipment Market size is predicted to expand from USD 11.43 million to USD 26.56 million, reflecting a CAGR of over 6.7% during the forecast timeline, from 2025 to 2037. In the year 2025, the industry size of autonomous heavy equipment is assessed at USD 12.04 million.
The primary factor for the market expansion is rapid growth of the construction industry across the globe. The expansion of the building and construction industry is closely related to the high demand for autonomous heavy equipment. Various types of autonomous heavy equipment such as earth-moving equipment, material handling equipment, and other equipment are heavily used in the construction industry. As per the statistics, the global construction industry generated revenue that amounted to almost USD 8 trillion in 2022 and is further expected to further grow and reach USD 17 trillion by 2029, with a CAGR value of 7%.
The global autonomous heavy equipment market revenue is impelled by various key advancements in the construction industry. Owing to the preference for reliable, strong, and aesthetic structures across the industrial, commercial, and residential sectors is projected to generate the demand for autonomous heavy equipment and aid in market expansion. Furthermore, autonomous heavy equipment is in high demand from various end-use industries owing to its ability to hasten the construction process and offer a high level of standardization. In the recent period, many of the industries which require autonomous heavy equipment such as automotive, electrical & electronics, and others have received massive investments which are projected to give an impetus to the market size.
Autonomous Heavy Equipment Sector: Growth Drivers and Challenges
Growth Drivers
- Rapid Development in the Real Estate Sector – In the recent period, the demand for strong and robust structures has considerably grown up owing to the swift urbanization and industrialization across the globe. As a result, the real estate sector has considerably grown, which is anticipated to further create opportunities for the utilization of autonomous heavy equipment in a wide array of activities. Hence, this factor is expected to bring favorable growth opportunities for the expansion of market growth in the upcoming future. For instance, it has been noticed that the real estate sector is recovering as the global pandemic recedes. As per recent estimates, the revenue generation of real estate companies worldwide stood at approximately USD 10 billion in 2021.
- Significant Increase in Infrastructure Development Projects – Recently, the governments of different nations are working towards the development of infrastructures such as highways, roads, bridges, and others for connecting parts of the world. Such heavy construction activities generate the need for autonomous heavy equipment for performing efficient construction processes. Therefore, the rising initiations to develop several infrastructures are estimated to create a positive outlook for the development of the global autonomous heavy equipment market in the assessment period. For instance, one of the major infrastructure projects is the Belt and Road Initiative by China. The project aims to accelerate economic growth across central and eastern Europe, Asia Pacific, and Africa by addressing the infrastructure gap between these regions. As of July 2022, up to 150 countries had officially agreed to join the Belt and Road Initiative (BRI) by China. Further, as per predictions by experts, China should spend up to USD 9 trillion over the life of the BRI.
- Growing Adoption of Automation Processes Across the World – With the rising technological advancements, industries are propelled to adopt advanced technologies such as automation for performing heavy tasks. This factor is projected to increase awareness about the advantages of autonomous heavy equipment among the global population, which in turn, is anticipated to contribute positively towards market growth in the next few years. Recent statistics that have been published in 2022, stated that automation is expected to boost global productivity by almost 2% every year. Also, almost 85% of global businesses are forecasted to introduce robots and automation in the next ten years.
- Escalation in the Use of Artificial Intelligence (AI) – Businesses around the world are focused on digital transformation by using the benefits of Artificial Intelligence (AI) for upgrading their activities and gaining major profits. Therefore, the use of autonomous heavy equipment is preferred owing to its various advantages which are further estimated to help in market growth. It has been stated that AI is predicted to contribute almost USD 16 trillion to the global economy by 2030, and nine out of ten leading businesses are forecasted to invest in AI technologies.
- Increased Investment in the Research & Development (R&D) Sector – As per the World Bank, the Research and Development expenditure accounted for 2.63% of total GDP in 2020. This was a rise from 2.13% of the total GDP in 2017.
Challenges
- Rising Concerns Regarding Safety and Cyber Security Issues – To automate heavy equipment, an efficient control system is generally used. However, cyber security cases are estimated to pose a challenge to market growth as it is difficult to control the potential damage that could be caused by hacking heavy equipment. Hackers are able to exploit the communication systems between vehicles and infrastructures. Hence, the threats associated with the protection and safety of heavy equipment are projected to limit the growth of the autonomous heavy equipment market in the near future.
- Requirement of a High Initial Investment
- Shortage of Labor Who Are Skilled to Use the Equipment
Autonomous Heavy Equipment Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.7% |
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Base Year Market Size (2024) |
USD 11.43 million |
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Forecast Year Market Size (2037) |
USD 26.56 million |
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Regional Scope |
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Autonomous Heavy Equipment Segmentation
Product Type (Earth Moving Equipment, Material Handling Equipment, Concrete, Road Construction Equipment)
The earth-moving equipment segment is set to gain largest market share of about 41% by 2037. The market growth is driven by increased undertaking of commercial and residential construction projects by the Asia Pacific government is expected to encourage the usage of autonomous equipment. It is evident that the increase in construction projects is the result of the growing industrialization and urbanization of a region, which is expected to contribute to market growth indirectly. According to the World Bank, the urban population comprised 56% of the total world population in 2019. Furthermore, the escalation in the quarrying and mining activities for bridging the gap between oil and demand is also anticipated to make use of earthmoving equipment the most. Some mostly used earthmoving equipment include backhoe loaders, mini excavators, crawler excavators, and skid-steer loaders.
Application (Road Construction)
The building construction segment is expected to garner a significant share of around 46% by 2037. One of the major factors for segment growth is the rising demand for building construction by the burgeoning population for sustenance and survival which requires efficient autonomous heavy equipment for the smooth conduction of building construction processes. Furthermore, with rapid urbanization, the need for building construction has considerably grown in the past few years. This has attracted the attention of the government and key players to boost economic growth in the future.
Our in-depth analysis of the global market includes the following segments:
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By Autonomous Type |
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By Product Type |
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By Application |
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Customize this ReportAutonomous Heavy Equipment Industry - Regional Synopsis
APAC Market Statistics
Autonomous heavy equipment market share in Asia Pacific is predicted to be the largest with a share of about 35% by the end of 2037. The market growth in the region can be attributed to significant investments being made to initiate construction activities and the development of dams, airports, special economic zones, highways, and other infrastructural developments which are projected to increase the chance of using autonomous heavy equipment. For instance, the total spending on airports present in Asia Pacific is expected to surpass USD 1 trillion by 2041. These initiatives mainly intend to improve the overall economy of the region by boosting trade and connectivity and attracting the key players operating in the autonomous heavy equipment business to set up their companies or invest in the expansion of their companies to the region.
North American Market Forecast
The North American autonomous heavy equipment market is estimated to account for 24% by 2037. The extensive construction activities that are undertaken by Canada are considered to be the major factor for market growth in the region. The number of immigrants to Canada has increased considerably in recent years which is attracting significant investment from the regional government for the development of construction infrastructure to address the changing demands of both the immigrants and the citizens. This factor is estimated to increase the utilization rate of autonomous heavy equipment for building infrastructures. It is estimated that the construction of 83,481 units of new homes started only in the Ontario province of Canada in 2022. Another factor for market growth in the region is the rapid technological advancements and the rising use of specialized equipment to optimize construction activities in the region.
Europe Market Forecast
The autonomous heavy equipment market in the European region will observe moderate CAGR through 2037. The major factors for market expansion in the region are the significant escalation in building residential properties in Europe region along with the many initiatives being undertaken by the regional governments to improve the infrastructure. All these factors add up to encourage key players in the construction industry to enter into partnerships with each other to accelerate the development of advanced autonomous heavy equipment.
Companies Dominating the Autonomous Heavy Equipment Landscape
- Deere and Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Komatsu Ltd
- Caterpillar Inc.
- Hitachi Construction Machinery Co. Ltd.
- Volvo Construction Equipment
- Built Robotics Inc.
- Cyngn
- Royal Truck & Equipment
- Case Construction Equipment
- SafeAI, Inc.
In the News
In the News
- SafeAI, Inc. and MACA have entered into a partnership to build Australia’s one of largest autonomous heavy equipment fleets, enabling safer, more effective, and more affordable construction operations.
- Hitachi Construction Machinery Co. Ltd. has announced its acquisition of Cobemat SAS. This acquisition is aimed at expanding the company’s presence in France, the third-largest market in Europe.
Author Credits: Richa Gupta
- Report ID: 3001
- Published Date: Jan 28, 2025
- Report Format: PDF, PPT
