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Construction 4.0 Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 141 pages | ID: CD199B840D8CEN
IMARC Group

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Market Overview:

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.

Construction 4.0 is a subset of industry 4.0 comprising interconnected technologies that digitize, automate and integrate the construction process throughout the value chain. It relies on the internet of things (IoT), digital twin, additive manufacturing, cloud computing, cyber-physical systems (CPS), and building information modeling (BIM). It helps lower energy use, develop 3D models that avoid inefficiencies and delays in projects, and reduce waste materials and carbon emissions during construction. It also minimizes security risks of workers through augmented reality (AR) and virtual reality (VR) solutions.

Construction 4.0 Market Trends:
At present, there is a rise in the utilization of artificial intelligence (AI) in the construction industry across the globe. This, along with the escalating need for new technologies in bricklaying, plastering, surveying, site and risk management, and worker and asset tracking, represents one of the key factors driving the market. Moreover, construction drones are used for security, inspection and monitoring of construction activities around the world. In addition, waste optimization and proper time and resource management in the construction industry are propelling the growth of the market. Besides this, the growing adoption of industrial 4.0 technologies in construction activities to enhance remote monitoring and avoid human errors, are contributing to the growth of the market. Additionally, there is an increase in the construction of new roads and highways, especially in developing nations, which is offering lucrative growth opportunities to industry investors and end-users. Other growth-inducing factors are rapid digitization and the rising urban population worldwide. Furthermore, key market players are focusing on partnerships, acquisitions, and product launches to improve products and services, which is projected to strengthen the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global construction 4.0 market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Autodesk Inc, Brickeye, CalAmp Corp., Hexagon AB, Hilti Corporation, Mitsubishi Electric Corporation, Oracle Corporation, Topcon Corporation and Trimble Inc.

Key Questions Answered in This Report

1. What was the size of the global construction 4.0 market in 2022?
2. What is the expected growth rate of the global construction 4.0 market during 2023-2028?
3. What has been the impact of COVID-19 on the global construction 4.0 market?
4. What are the key factors driving the global construction 4.0 market?
5. What is the breakup of the global construction 4.0 market based on the solution?
6. What is the breakup of the global construction 4.0 market based on the technology?
7. What is the breakup of the global construction 4.0 market based on the application?
8. What is the breakup of the global construction 4.0 market based on the end user?
9. What are the key regions in the global construction 4.0 market?
10. Who are the key players/companies in the global construction 4.0 market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL CONSTRUCTION 4.0 MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY SOLUTION

6.1Hardware
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Software
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Services
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1IoT
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Artificial Intelligence
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Industrial Robots
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1Asset Monitoring
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Predictive Maintenance
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Fleet Management
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Wearables
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY END USER

9.1Residential
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2Non-residential
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
  15.3.1ABB Ltd.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2Autodesk Inc
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3Brickeye
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4CalAmp Corp.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5Hexagon AB
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
  15.3.6Hilti Corporation
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 SWOT Analysis
  15.3.7Mitsubishi Electric Corporation
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8Oracle Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9Topcon Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
    15.3.9.4 SWOT Analysis
  15.3.10Trimble Inc.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials

LIST OF TABLES

Table 1: Global: Construction 4.0 Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Construction 4.0 Market Forecast: Breakup by Solution (in Million US$), 2023-2028
Table 3: Global: Construction 4.0 Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Construction 4.0 Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Construction 4.0 Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Construction 4.0 Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Construction 4.0 Market: Competitive Structure
Table 8: Global: Construction 4.0 Market: Key Players

LIST OF FIGURES

Figure 1: Global: Construction 4.0 Market: Major Drivers and Challenges
Figure 2: Global: Construction 4.0 Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Construction 4.0 Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Construction 4.0 Market: Breakup by Solution (in %), 2022
Figure 5: Global: Construction 4.0 Market: Breakup by Technology (in %), 2022
Figure 6: Global: Construction 4.0 Market: Breakup by Application (in %), 2022
Figure 7: Global: Construction 4.0 Market: Breakup by End User (in %), 2022
Figure 8: Global: Construction 4.0 Market: Breakup by Region (in %), 2022
Figure 9: Global: Construction 4.0 (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Construction 4.0 (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Construction 4.0 (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Construction 4.0 (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Construction 4.0 (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Construction 4.0 (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Construction 4.0 (IoT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Construction 4.0 (IoT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Construction 4.0 (Artificial Intelligence) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Construction 4.0 (Artificial Intelligence) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Construction 4.0 (Industrial Robots) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Construction 4.0 (Industrial Robots) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Construction 4.0 (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Construction 4.0 (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Construction 4.0 (Asset Monitoring) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Construction 4.0 (Asset Monitoring) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Construction 4.0 (Predictive Maintenance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Construction 4.0 (Predictive Maintenance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Construction 4.0 (Fleet Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Construction 4.0 (Fleet Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Construction 4.0 (Wearables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Construction 4.0 (Wearables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Construction 4.0 (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Construction 4.0 (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Construction 4.0 (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Construction 4.0 (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Construction 4.0 (Non-residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Construction 4.0 (Non-residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: North America: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: North America: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: United States: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: United States: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Canada: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia-Pacific: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia-Pacific: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: China: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: China: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Japan: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Japan: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: South Korea: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: South Korea: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Australia: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Australia: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Indonesia: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Indonesia: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Germany: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Germany: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: France: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: France: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United Kingdom: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United Kingdom: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Italy: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Italy: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Spain: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Spain: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Russia: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Russia: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Latin America: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Latin America: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Brazil: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Brazil: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Mexico: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Mexico: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Middle East and Africa: Construction 4.0 Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Middle East and Africa: Construction 4.0 Market: Breakup by Country (in %), 2022
Figure 85: Middle East and Africa: Construction 4.0 Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Global: Construction 4.0 Industry: SWOT Analysis
Figure 87: Global: Construction 4.0 Industry: Value Chain Analysis
Figure 88: Global: Construction 4.0 Industry: Porter's Five Forces Analysis


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