The arrival of digitization in various countries leads to the growth of advanced technologies in the construction industry, which is termed construction 4.0. It uses technologies such as artificial intelligence (AI), building information modeling (BIM), and other technologies. Industrial 4.0 technologies are used in the construction sector to avoid repetitive work, avoid human errors, and enhance the productivity of construction projects. The growth in urban population leads to an increase in residential and commercial construction activities; thus, driving the growth of the construction 4.0 market.
MARKET DYNAMICS
The growth in the construction sector drives the global construction 4.0 market. However, lack of skilled staff and capital in developing countries may restrain the growth of the construction 4.0 market. Furthermore, the arrival of new products is likely to drive the construction 4.0 market during the forecast period.
MARKET SCOPE
The "Global Construction 4.0 Market Analysis to 2028" is a specialized and in-depth study of the construction 4.0 market with a special focus on the global market trend analysis. The report aims to provide an overview of construction 4.0 market with detailed market segmentation by solution, application, end user and geography. The global construction 4.0 market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading construction 4.0 market players and offers key trends and opportunities in the construction 4.0 market.
MARKET SEGMENTATION
The global construction 4.0 market is segmented on the basis of solution, application, and end user. On the basis of solution, the market is segmented as hardware, software, and services On the basis of application, the market is segmented as asset monitoring, predictive maintenance, fleet management, and others. On the basis of end user, the market is segmented as residential and non-residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global construction 4.0 market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The construction 4.0 market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting construction 4.0 market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the construction 4.0 market in these regions.
MARKET PLAYERS
The reports cover key developments in the construction 4.0 market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from construction 4.0 market are anticipated to lucrative growth opportunities in the future with the rising demand for construction 4.0 market. Below mentioned is the list of few companies engaged in the construction 4.0 market.
The report also includes the profiles of key construction 4.0 market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd
- AOMS Technologies
- Autodesk Inc
- CalAmp Corporation
- Hexagon AB
- Hilti Corporation
- Mitsubishi Electric Corporation
- Oracle Corporation
- Topcon Corporation
- Trimble, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.