Report Code: A16508 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automated Construction Equipment Market
Request Now !The global automated construction equipment market is experiencing significant growth and is expected to grow considerably in next few years. Automated construction equipment is a machine that is involved in some kind of construction activity. These machines can operate autonomously as well as remotely with an operator. This is possible due to the incorporated of advanced communication technology and artificial intelligence into them. Automated technology can be integrated into cranes, excavators, and trucks that are extensively used for various construction activities. Moreover, the availability of various automation technologies is fueling the demand for automated construction equipment. In addition, automation improves the efficiency of the equipment and eliminates the need for human intervention during the operation, thereby, reducing the total cost of the construction project. Moreover, automated construction equipment is highly advanced machinery. Major players in the automated construction equipment industry adopt advanced technologies to increase efficiency and productivity of their products to sustain the competition in the automated construction equipment market.Â
Market Scope and Structure Analysis
Description
Automated construction equipment consists of automation technologies such as AI or IOT to perform all the general tasks as would be performed by any other conventional equipment. This equipment can be used for a variety of jobs, such as road construction, building construction, and tower erection. Furthermore, many companies offer automation kits, which can convert ordinary machinery into an automated machine. Moreover, the major user of this equipment is construction industry, be it for manufacturing plant construction or residential construction.
COVID-19 Impact analysis
Top Impacting Factors
Increase in private-public partnerships (PPPs) to promote infrastructural development is one of the important driving factors for infrastructural development. Consequently, this results in an increase in construction activities. PPPs have been successfully implemented in various countries, such as South Korea, and India. The boost in PPPs sparked investments through private channels that assist in boosting the infrastructure industry, thereby driving the demand and growth of automated construction equipment market. Moreover, the remotely operable feature of automated construction equipment can keep workers safe in hazardous work environments. This is anticipated to boost the demand of automated construction equipment over the traditionally used equipment. Automated construction equipment assists in quick completion of work at relatively lower costs. This feature of greater efficiency and productivity of autonomous construction equipment is also boosting the demand for automated construction equipment. However, the dearth of skilled labor for efficient operation of automated construction equipment is one of the restraining factors hindering the growth of automated construction equipment market. Contrarily, technological developments in automated construction equipment products, such as advanced communication systems, use of the internet of things (IoT), and artificial intelligence (AI), boost the efficiency and productivity of the equipment. This is anticipated to create lucrative opportunities for the automated construction equipment market growth during the forecast period.
Market Trends
Key Benefits of the Report
Automated Construction Equipment Market Report Highlights
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