IMARC Group’s latest research report, titled “Construction 4.0 Market Analysis: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global construction 4.0 market reached a value of US$ 11.88 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 30.54 Billion by 2027, exhibiting a CAGR of 16.20% during 2022-2027.
Construction 4.0 represents a subset of industry 4.0 comprising of interconnected technologies that automate, digitize, and integrate the construction process throughout the value chain. It generally relies on the Internet of Things (IoT), additive manufacturing, digital twin, cloud computing, building information modeling (BIM), and cyber-physical systems (CPS). Construction 4.0 assists in lowering energy use, developing 3D models that avoid inefficiencies and delays in projects, minimizing waste materials and carbon emissions, etc. In addition to this, it also reduces security risks for workers via virtual reality (VR) and augmented reality (AR) solutions.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by solution, technology, application, end user and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for construction 4.0 market
- Strategies of major players and product offerings
The inflating need for new technologies in plastering, bricklaying, surveying, site and risk management, worker and asset tracking, etc., is primarily driving the construction 4.0 market. Additionally, the widespread adoption of construction drones for security, inspection, and monitoring of housing projects is further catalyzing the market growth. Besides this, the growing utilization of industrial 4.0 technologies in construction activities to enhance remote tracking and avoid human errors is acting as another significant growth-inducing factor. Moreover, the increasing digitalization and waste optimization, as well as resource and proper time management in the construction industry, are positively influencing the global market. Apart from this, the rising integration of telematics and touchscreen infotainment systems, to deliver improved operational capabilities is anticipated to fuel the construction 4.0 market over the forecasted period.
Key Players Included in Global Research Report:
- ABB Ltd.
- Autodesk Inc
- Brickeye
- CalAmp Corp.
- Hexagon AB
- Hilti Corporation
- Mitsubishi Electric Corporation
- Oracle Corporation
- Topcon Corporation
- Trimble Inc.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Segmentation:
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
TOC for the Construction 4.0 Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Construction 4.0 Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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