Autonomous market trends and strategies for agriculture, construction and miningĨ.1. Autonomous mining machinery market segmentation by applicationĨ. Autonomous mining machines Market segmentation by typeħ.11. Autonomous construction market segmentation by applicationħ.10. Concrete & Road Construction Equipmentħ.8. Autonomous construction market segmentation by product typeħ.7.4. Autonomous agricultural machinery market segmentation by applicationħ.7. Autonomous agricultural machinery Market segmentation by typeħ.5.
Market characteristics of autonomous agriculture, construction and mining machineryħ.4. Overview of the autonomous market for agriculture, construction and miningħ. Major players in the market include Sandvik AB, Caterpillar Inc., Komatsu Limited, Hitachi Construction Machinery Co., Ltd., Liebherr Group and others. The ten largest competitors in the market accounted for 96.7% of the total market in 2020.
The market for mining machinery is highly concentrated with a small number of large players. Major players in the market include Caterpillar Inc., Komatsu Limited, Volvo Group, Doosan Corporation, Hitachi Construction Machinery Co., Ltd. The ten largest competitors in the market accounted for 77.5% of the total market in 2020. The global market for autonomous construction machinery is concentrated with a small number of large players dominating the market. Major players in the market include Deere & Company, AGCO Corporation, CNH Industrial NV, Kubota Corporation, CLAAS KGaA mbH and others. The ten largest competitors in the market accounted for 19.7% of the total market in 2020. The global market for autonomous agricultural machinery is highly concentrated with a small number of large players. Major players in the market include Caterpillar Inc., Deere & Company, AGCO Corporation, CNH Industrial NV, Kubota Corporation and others. The ten largest competitors in the market accounted for 65.14% of the total market in 2020. The global autonomous market for agricultural, construction and mining machinery is quite concentrated with a small number of large players. These will be followed by Asia-Pacific and Eastern Europe, where markets are expected to grow at CAGRs of 15.5% and 14.3% respectively during 2020-2025. Going forward, the fastest growing regions in the autonomous market for agricultural, construction and mining machinery will be the Middle East and Africa, where growth will be at CAGRs of 16.8% and 16.3% respectively. It was followed by North America, Western Europe and then the other regions. Factors that may hinder the growth of the autonomous market for agricultural, construction and mining machinery in the future include security and cyber security issues, geopolitical tensions, growing dependence on renewable energy sources and outbreaks of coronavirus disease (COVID-19).Īsia-Pacific was the largest region in the global autonomous market for agricultural, construction and mining machinery, accounting for 34.8% of the total number by 2020. Going forward, labor shortages, technological advances, increased awareness and rising security concerns will drive growth. Factors that negatively impacted growth in the historical period were lack of experience using autonomous technology, oil price volatility, fluctuating commodity prices, geopolitical tensions, lack of awareness, high costs and risk of unemployment. The growth in the historical period was due to strong economic growth in new markets, increased construction activity, low interest rates, favorable government policies, the need for security in construction and technological development. The global autonomous market for agricultural, construction and mining machinery is expected to reach $ 67,044.9 million by 2030 at a CAGR at 9.0%. The market is expected to grow at a CAGR of 14.1% from 2020 to reach $ 43,500.1 million by 2025.