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Global Construction 4.0 Market to reach USD 37.6 billion by 2027

Global Construction 4.0 Market Size study, by Solution (Hardware, Software, Services), by Technology (IoT, Artificial Intelligence, Industrial Robots, Others), by Application (Asset Monitoring, Predictive Maintenance, Fleet Management, Wearables, Others), by End-User (Residential, Non-residential) and Regional Forecasts 2020-2027

Product Code: OIRIA_80188666
Publish Date: 14-01-2021
Page: 200

Global Construction 4.0 Market is valued at approximately USD 9.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 18.3% over the forecast period 2020-2027. The constructors present in the world are aiming to bring some advanced and innovative technologies in their construction operations to improve efficiency and productivity, due to which the market is gaining massive traction over the recent years. Using a variety of automated technologies, such as IoT, artificial intelligence, machine control, which automatically modifies heavy construction equipment and machineries to perfectly grade, drill or pile large areas. The advanced technologies are mainly used in the construction sector to streamline processes, increase workers safety, and reduce waste, which leads to save time and money. Therefore, the demand for Construction 4.0 is significantly rising all over the world. Furthermore, the growing construction industry due to rapid urbanization in developing countries, along with the increasing productivity and safety with the advent of IoT on the construction site are the few factors responsible for the high CAGR of the market during the forecast period. According to the survey of the International Construction Market, in 2017, the construction industry across the globe was estimated nearly 3.5% and grew to almost 3.9% in 2018. Similarly, as per the European Construction Industry Federation (FIEC) 2017, it is valued that construction activity in overall Europe rose by almost 2.2% in 2016 (that reached nearly USD 1,418 billion), as compared to figure of 2015, which holds almost USD 1385 billion. This, in turn, is expected to leverage high growth prospect for the overall market. However, the high initial cost of deploying advanced technology in construction equipment impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of the global Construction 4.0 market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising investment in infrastructure and construction projects, along with the presence of a large number of market players in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising construction projects in the countries and increasing digitalization would create lucrative growth prospects for the construction 4.0 market across Asia-Pacific region.

Major market player included in this report are:
ABB Ltd.
Advanced Opto-Mechanical Systems and Technologies Inc.
Autodesk, Inc.
Hexagon AB
Hilti Corp.
Mitsubishi Electric Corp.
Oracle Corporation
Topcon Corp.
Trimble Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Solution:

By Technology:
Artificial Intelligence
Industrial Robots

By Application:
Asset Monitoring
Predictive Maintenance
Fleet Management

By End-User:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Construction 4.0 Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Construction 4.0 Market, by Region, 2018-2027 (USD Billion)
1.2.2. Construction 4.0 Market, by Solution, 2018-2027 (USD Billion)
1.2.3. Construction 4.0 Market, by Technology, 2018-2027 (USD Billion)
1.2.4. Construction 4.0 Market, by Application, 2018-2027 (USD Billion)
1.2.5. Construction 4.0 Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Construction 4.0 Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Construction 4.0 Market Dynamics
3.1. Construction 4.0 Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Construction 4.0 Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Construction 4.0 Market, by Solution
5.1. Market Snapshot
5.2. Global Construction 4.0 Market by Solution, Performance – Potential Analysis
5.3. Global Construction 4.0 Market Estimates & Forecasts by Solution 2017-2027 (USD Billion)
5.4. Construction 4.0 Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
5.4.3. Services
Chapter 6. Global Construction 4.0 Market, by Technology
6.1. Market Snapshot
6.2. Global Construction 4.0 Market by Technology, Performance – Potential Analysis
6.3. Global Construction 4.0 Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)
6.4. Construction 4.0 Market, Sub Segment Analysis
6.4.1. IoT
6.4.2. Artificial Intelligence
6.4.3. Industrial Robots
6.4.4. Others
Chapter 7. Global Construction 4.0 Market, by Application
7.1. Market Snapshot
7.2. Global Construction 4.0 Market by Application, Performance – Potential Analysis
7.3. Global Construction 4.0 Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
7.4. Construction 4.0 Market, Sub Segment Analysis
7.4.1. Asset Monitoring
7.4.2. Predictive Maintenance
7.4.3. Fleet Management
7.4.4. Wearables
7.4.5. Others
Chapter 8. Global Construction 4.0 Market, by End-User
8.1. Market Snapshot
8.2. Global Construction 4.0 Market by End-User – Potential Analysis
8.3. Global Construction 4.0 Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
8.4. Construction 4.0 Market, Sub Segment Analysis
8.4.1. Residential
8.4.2. Non-residential
Chapter 9. Global Construction 4.0 Market, Regional Analysis
9.1. Construction 4.0 Market, Regional Market Snapshot
9.2. North America Construction 4.0 Market
9.2.1. U.S. Construction 4.0 Market Solution breakdown estimates & forecasts, 2017-2027 Technology breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027 End-User breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Construction 4.0 Market
9.3. Europe Construction 4.0 Market Snapshot
9.3.1. U.K. Construction 4.0 Market
9.3.2. Germany Construction 4.0 Market
9.3.3. France Construction 4.0 Market
9.3.4. Spain Construction 4.0 Market
9.3.5. Italy Construction 4.0 Market
9.3.6. Rest of Europe Construction 4.0 Market
9.4. Asia-Pacific Construction 4.0 Market Snapshot
9.4.1. China Construction 4.0 Market
9.4.2. India Construction 4.0 Market
9.4.3. Japan Construction 4.0 Market
9.4.4. Australia Construction 4.0 Market
9.4.5. South Korea Construction 4.0 Market
9.4.6. Rest of Asia Pacific Construction 4.0 Market
9.5. Latin America Construction 4.0 Market Snapshot
9.5.1. Brazil Construction 4.0 Market
9.5.2. Mexico Construction 4.0 Market
9.6. Rest of The World Construction 4.0 Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. ABB Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Advanced Opto-Mechanical Systems and Technologies Inc.
10.2.3. Autodesk, Inc.
10.2.4. CalAmp
10.2.5. Hexagon AB
10.2.6. Hilti Corp.
10.2.7. Mitsubishi Electric Corp.
10.2.8. Oracle Corporation
10.2.9. Topcon Corp.
10.2.10. Trimble Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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