Product Code: A10229
The global construction 4.0 market was valued at $11,851.4 million in 2021, and is projected to reach $62,164.1 million by 2031, registering a CAGR of 17.7% from 2022 to 2031.
Construction companies often refer to the concept of "industry 4.0" as the post-industrial revolution. Digital technologies, including IoT, 3D printing, virtual reality, and others, were used in construction 4.0 to increase production, accuracy, efficiency, and customer satisfaction. Utilizing technology such as social media, mobile, analytics, and the cloud, it relates to building activities (SMAC). Artificial intelligence (AI), augmented reality, and the Internet of Things (IoT) have penetrated both the construction sector and human way of life. The incorporation of new technology into numerous building activities, including bricklaying, plastering, and surveying, dramatically impacted the construction industry's operations. Additionally, these technologies are used for asset tracking, risk management, personnel tracking, and management of building sites.
The expansion of the construction sector boosted the need for digital tools like building information modelling (BIM) and the Internet of Things (IoT) to boost efficiency, accuracy, and productivity, which fueled the worldwide construction 4.0 market's expansion. Additionally, major market competitors are concentrating on their product launch strategies to meet the customers' increasing demands. For instance, in November 2022, Trimble and the Hilti Group, a global leader providing innovative tools, technology, software, and services to the commercial construction industry, has launched its new Hilti ON!Track asset management system which will integrate with Trimble Viewpoint Vista, an ERP solution within the Trimble Construction One suite platform.
Technology such as IoT, robots, BIM, and others are utilized to increase the precision and productivity of construction. Real-time monitoring, analysis, and data capturing capabilities of IoT can lower the cost of facility service. In addition, proper time management of construction sites and maintenance of safety in the construction industry are anticipated to drive the growth of the global construction 4.0 market. For instance, in July 2022 Thinkproject, a leading company in software as a service (SaaS) launched RAMM integrated asset management and maintenance solution in the UK. It offers a cloud-based SaaS solution for any asset, in any location, at any time. In addition, it also offers lifecycle management, connecting all stakeholders and helping asset owners make informed, data-driven decisions. The use of technologies in the construction industry, such as IoT, robotics, smart controllers, machine learning, and others, is also projected to fuel the expansion of the construction 4.0 market due to advantages such as time efficiency and high accuracy.
Increased security threats in connected devices are restraining market growth. For instance, in January 2023, an article published by ETCIO website by Check Point Research (CPR) company released new data in 2022 cyber-attack trends showing that global cyber-attacks increased by 38% in 2022, compared to 2021. In addition, lack of skilled staff and capital in developing countries is anticipated to hamper the growth of the construction 4.0 market.
Additionally, due to aspects such as reducing repetitive work and human mistakes, digital technologies are widely being used in construction activities. Construction projects make use of modern technologies like 3D scanning, BIM (building information modelling), augmented reality, and drones. For instance, in June 2022, Government initiatives, such as smart advanced manufacturing, rapid transformation hub (SAMARTH), and Udyog Bharat 4.0 in India, are implemented to strengthen the competition. Such instances are anticipated to provide lucrative opportunities for the growth of the construction 4.0 market during the forecast period.
The global construction 4.0 market is segmented on the basis of solution, technology, application, end user, and region. By solution, the construction 4.0 market is fragmented into hardware, software, and services. By technology, the global construction 4.0 market is categorized into IoT, artificial intelligence, industrial robots, and others. By application, the market is divided into asset monitoring, predictive maintenance, fleet management, wearables, and others. By end user, the market is classified into residential and non-residential.
Region wise, the global construction 4.0 market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the construction 4.0 market include Advanced Opto-Mechanical Systems and Technologies Inc, ABB Ltd, Autodesk Inc, CalAmp Corporation, Hexagon AB, Hilti Corporation, Mitsubishi Electric Corporation, Oracle Corporation, Topcon Corporation, and Trimble, Inc.Major companies in the market have adopted product launch, acquisition and partnership as their key developmental strategies to offer better products and services to customers in the construction 4.0 market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the construction 4.0 market analysis from 2021 to 2031 to identify the prevailing construction 4.0 market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the construction 4.0 market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global construction 4.0 market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Solution
- Hardware
- Software
- Services
By Technology
- IoT
- Artificial Intelligence
- Industrial Robots
- Others
By Application
- Predictive Maintenance
- Fleet Management
- Asset Monitoring
- Wearables
- Others
By End User
- Residential
- Non-residential
By Region
- North America
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Hexagon AB
- Advanced Opto-Mechanical Systems and Technologies Inc.
- Oracle Corporation
- Trimble, Inc.
- Mitsubishi Electric Corporation
- Hilti Corporation
- ABB Ltd.
- CalAmp Corporation
- Autodesk Inc.
- Topcon Corporation
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growth in the construction industry
- 3.4.1.2. Technological advancement
- 3.4.1.3. Proper time management on construction sites
- 3.4.2. Restraints
- 3.4.2.1. Lack of skilled staff and capital in developing countries
- 3.4.2.2. Increased security threats in connected devices
- 3.4.3. Opportunities
- 3.4.3.1. Rise in awareness in emerging countries
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: CONSTRUCTION 4.0 MARKET, BY SOLUTION
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Hardware
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Software
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Services
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: CONSTRUCTION 4.0 MARKET, BY TECHNOLOGY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. IoT
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Artificial Intelligence
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Industrial Robots
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: CONSTRUCTION 4.0 MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Asset Monitoring
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Predictive Maintenance
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Fleet Management
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Wearables
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
CHAPTER 7: CONSTRUCTION 4.0 MARKET, BY END USER
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Residential
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Non-residential
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
CHAPTER 8: CONSTRUCTION 4.0 MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Solution
- 8.2.3. Market size and forecast, by Technology
- 8.2.4. Market size and forecast, by Application
- 8.2.5. Market size and forecast, by End User
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Key market trends, growth factors and opportunities
- 8.2.6.1.2. Market size and forecast, by Solution
- 8.2.6.1.3. Market size and forecast, by Technology
- 8.2.6.1.4. Market size and forecast, by Application
- 8.2.6.1.5. Market size and forecast, by End User
- 8.2.6.2. Canada
- 8.2.6.2.1. Key market trends, growth factors and opportunities
- 8.2.6.2.2. Market size and forecast, by Solution
- 8.2.6.2.3. Market size and forecast, by Technology
- 8.2.6.2.4. Market size and forecast, by Application
- 8.2.6.2.5. Market size and forecast, by End User
- 8.2.6.3. Mexico
- 8.2.6.3.1. Key market trends, growth factors and opportunities
- 8.2.6.3.2. Market size and forecast, by Solution
- 8.2.6.3.3. Market size and forecast, by Technology
- 8.2.6.3.4. Market size and forecast, by Application
- 8.2.6.3.5. Market size and forecast, by End User
- 8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Solution
- 8.3.3. Market size and forecast, by Technology
- 8.3.4. Market size and forecast, by Application
- 8.3.5. Market size and forecast, by End User
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. Germany
- 8.3.6.1.1. Key market trends, growth factors and opportunities
- 8.3.6.1.2. Market size and forecast, by Solution
- 8.3.6.1.3. Market size and forecast, by Technology
- 8.3.6.1.4. Market size and forecast, by Application
- 8.3.6.1.5. Market size and forecast, by End User
- 8.3.6.2. UK
- 8.3.6.2.1. Key market trends, growth factors and opportunities
- 8.3.6.2.2. Market size and forecast, by Solution
- 8.3.6.2.3. Market size and forecast, by Technology
- 8.3.6.2.4. Market size and forecast, by Application
- 8.3.6.2.5. Market size and forecast, by End User
- 8.3.6.3. France
- 8.3.6.3.1. Key market trends, growth factors and opportunities
- 8.3.6.3.2. Market size and forecast, by Solution
- 8.3.6.3.3. Market size and forecast, by Technology
- 8.3.6.3.4. Market size and forecast, by Application
- 8.3.6.3.5. Market size and forecast, by End User
- 8.3.6.4. Rest of Europe
- 8.3.6.4.1. Key market trends, growth factors and opportunities
- 8.3.6.4.2. Market size and forecast, by Solution
- 8.3.6.4.3. Market size and forecast, by Technology
- 8.3.6.4.4. Market size and forecast, by Application
- 8.3.6.4.5. Market size and forecast, by End User
- 8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Solution
- 8.4.3. Market size and forecast, by Technology
- 8.4.4. Market size and forecast, by Application
- 8.4.5. Market size and forecast, by End User
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Key market trends, growth factors and opportunities
- 8.4.6.1.2. Market size and forecast, by Solution
- 8.4.6.1.3. Market size and forecast, by Technology
- 8.4.6.1.4. Market size and forecast, by Application
- 8.4.6.1.5. Market size and forecast, by End User
- 8.4.6.2. Japan
- 8.4.6.2.1. Key market trends, growth factors and opportunities
- 8.4.6.2.2. Market size and forecast, by Solution
- 8.4.6.2.3. Market size and forecast, by Technology
- 8.4.6.2.4. Market size and forecast, by Application
- 8.4.6.2.5. Market size and forecast, by End User
- 8.4.6.3. South Korea
- 8.4.6.3.1. Key market trends, growth factors and opportunities
- 8.4.6.3.2. Market size and forecast, by Solution
- 8.4.6.3.3. Market size and forecast, by Technology
- 8.4.6.3.4. Market size and forecast, by Application
- 8.4.6.3.5. Market size and forecast, by End User
- 8.4.6.4. Rest of Asia-Pacific
- 8.4.6.4.1. Key market trends, growth factors and opportunities
- 8.4.6.4.2. Market size and forecast, by Solution
- 8.4.6.4.3. Market size and forecast, by Technology
- 8.4.6.4.4. Market size and forecast, by Application
- 8.4.6.4.5. Market size and forecast, by End User
- 8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Solution
- 8.5.3. Market size and forecast, by Technology
- 8.5.4. Market size and forecast, by Application
- 8.5.5. Market size and forecast, by End User
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Latin America
- 8.5.6.1.1. Key market trends, growth factors and opportunities
- 8.5.6.1.2. Market size and forecast, by Solution
- 8.5.6.1.3. Market size and forecast, by Technology
- 8.5.6.1.4. Market size and forecast, by Application
- 8.5.6.1.5. Market size and forecast, by End User
- 8.5.6.2. Middle East
- 8.5.6.2.1. Key market trends, growth factors and opportunities
- 8.5.6.2.2. Market size and forecast, by Solution
- 8.5.6.2.3. Market size and forecast, by Technology
- 8.5.6.2.4. Market size and forecast, by Application
- 8.5.6.2.5. Market size and forecast, by End User
- 8.5.6.3. Africa
- 8.5.6.3.1. Key market trends, growth factors and opportunities
- 8.5.6.3.2. Market size and forecast, by Solution
- 8.5.6.3.3. Market size and forecast, by Technology
- 8.5.6.3.4. Market size and forecast, by Application
- 8.5.6.3.5. Market size and forecast, by End User
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2021
CHAPTER 10: COMPANY PROFILES
- 10.1. Advanced Opto-Mechanical Systems and Technologies Inc.
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.2. ABB Ltd.
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
- 10.3. Autodesk Inc.
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
- 10.4. Mitsubishi Electric Corporation
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
- 10.5. CalAmp Corporation
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
- 10.6. Hexagon AB
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.6.7. Key strategic moves and developments
- 10.7. Hilti Corporation
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
- 10.8. Topcon Corporation
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
- 10.9. Trimble, Inc.
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.9.7. Key strategic moves and developments
- 10.10. Oracle Corporation
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
- 10.10.7. Key strategic moves and developments