Global Autonomous Construction Equipment Market Set to Witness a CAGR of 28.7% During 2018-2026 – Analysis on Largest & Fastest Growing Segments in Terms of Equipment & Automation – ResearchAndMarkets.com
The autonomous construction equipment are all set to change the dynamics of construction industry and projected to grow with a CAGR of 28.7% during the forecast period from 2018 to 2026. Construction industry is considered as one of the least efficient industries; although, the industry has been registering market value of more than US$ 10 Tn consistently in past few years. Not only inefficient, but construction industry is also considered as one of the most perilous industry to work. Much of the blame for aforementioned negative goes to the lack of research & development besides cyclic nature and stringent government regulations. However, the industry is on the cusp of radical changes and welcoming new technologies such as autonomous construction equipment with arms open.