Menu ×

MANUFACTURING & CONSTRUCTION

Construction 4.0 Market Segmentation by Solution (Hardware, Software, and Services); by Technology (IoT, Industrial Robots, Artificial Intelligence, and Others); by Application (Asset Monitoring, Predictive Maintenance, Fleet Management, Wearables, and Others) – Global Demand Analysis & Opportunity Outlook 2030

  • Text Size:

Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

Request Insights

Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

Read More

Global Construction 4.0 Market Highlights 2022 – 2030

The global construction 4.0 market is estimated to grow at a CAGR of ~18% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing urban population across the globe coupled with rise in commercial and residential activities and escalating demand to reduce human errors. According to the World Bank, 55.272 percent of the total population in the world belonged to urban areas in 2018, which rose up to 56.15 percent in the year 2020. Along with these, growing investments for infrastructural development in developing nations, and accelerating need for employee safety and automation in the construction industry are also expected to drive market growth in the forthcoming years. Furthermore, surge in advancements in technologies such as artificial intelligence, IoT, sensors and drones, is projected to offer abundant opportunities for the market growth in the near future.

Construction 4.0 Market

Get more information on this reportDownload Sample PDF

The market is segmented by technology into IoT, industrial robots, artificial intelligence, and others, out of which, the IoT segment is anticipated to hold the largest share and witness the highest growth in the global construction 4.0 market on account of the high potential of IoT to reduce different types of accidents and its effectiveness to collect job site data in a more efficient and affordable way. Additionally, on the basis of solution, the segment for software is evaluated to observe a significant CAGR over the forecast period in view of the growing deployment of construction 4.0 software in developed economies as it helps to decrease schedule risk, save time, maintain accuracy and avoid repetitive work at construction sites. 

Global Construction 4.0 Market Regional Synopsis

On the basis of geographical analysis, the global construction 4.0 market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing demand for construction 4.0 in emerging economies such as India, Vietnam and Indonesia, and rising government expenditure on infrastructural activities. In addition, growing number of projects for smart cities is also assessed to boost the market growth in the region. For instance, in India, more than 2000 projects worth 5 billion USD were completed under the smart city initiative of the country. About 4,500 projects amounting for about USD 20 billion are ongoing as of now. Moreover, the market in North America is projected to acquire the largest share by the end of 2030, which can be ascribed to the high adoption of technologies in construction sector and strong presence of prominent market players in the region. Also, increasing adoption of industry 4.0 technologies amongst the organizations is also expected to contribute to the growth of the market in North America.

The global construction 4.0 market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global construction 4.0 market includes the following segments:

By Solution

  • Hardware
  • Software
  • Services

By Technology

  • IoT
  • Industrial Robots
  • Artificial Intelligence
  • Others

By Application

  • Asset Monitoring
  • Predictive Maintenance
  • Fleet Management
  • Wearables
  • Others

Growth Drivers

  • Growing Urban Population Worldwide
  • Increasing Number of Construction and Residential Activities

Challenges

  • Requirement of High Capital Investment
  • Lack of Skilled Labor

Top Featured Companies Dominating the Market

  • ABB Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Advanced Opto-Mechanical Systems and Technologies Inc.
  • Hexagon AB
  • Autodesk Inc.
  • Mitsubishi Electric Corporation
  • Hilti Corporation
  • CalAmp Corporation
  • Trimble, Inc.
  • Oracle Corporation
  • Topcon Corporation

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions | LOB

Copyright © 2022 Research Nester. All Rights Reserved