Global Construction 4.0 Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Construction 4.0 Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Construction 4.0 market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Construction 4.0, also known as Construction Industry 4.0 or Construction Technology 4.0, refers to the application of advanced technologies and digitalization in the construction industry to enhance efficiency, productivity, and sustainability. It is a paradigm shift that aims to revolutionize traditional construction practices by integrating innovative technologies and data-driven processes. It utilizes robots and automated systems to carry out various tasks traditionally performed by manual labor. It emphasizes environmentally friendly and energy-efficient construction methods, which include using sustainable materials, implementing energy-efficient technologies, and optimizing resource utilization to reduce the environmental impact of the industry.
The global construction 4.0 market size reached US$ 14.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.1 Billion by 2028, exhibiting a growth rate (CAGR) of 15.7% during 2023-2028.
Global Construction 4.0 Market Trends and Drivers:
The increasing adoption of advanced technologies in the construction industry, including building information modeling (BIM), internet of things (IoT), drones, and robotics, represents one of the primary factors bolstering the market growth around the world. Moreover, the rising use of Construction 4.0 to enhance efficiency in project planning, execution, and management, which leads to faster project completion and reduced costs, is favoring the growth of the market. Apart from this, the implementation of various initiatives undertaken by governing agencies of numerous countries to promote the adoption of environment friendly and sustainable construction practices, optimize resource usage, and reduce carbon emissions is influencing the market positively.
Global Construction 4.0 Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: ABB Ltd., Autodesk Inc, Brickeye, CalAmp Corp., Hexagon AB, Hilti Corporation, Mitsubishi Electric Corporation, Oracle Corporation, Topcon Corporation and Trimble Inc.
The report segmented the market on the basis of region, solution, technology, application and end user.
Breakup by Solution:
- Hardware
- Software
- Services
Breakup by Technology:
- IoT
- Artificial Intelligence
- Industrial Robots
- Others
Breakup by Application:
- Asset Monitoring
- Predictive Maintenance
- Fleet Management
- Wearables
- Others
Breakup by End User:
- Residential
- Non-residential
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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