Posted by 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, alternatively known as Construction Industry 4.0 or Construction Technology 4.0, denotes the utilization of cutting-edge technologies and digitalization within the construction sector with the primary objectives of improving efficiency, productivity, and sustainability. This represents a transformative shift intending to modernize conventional construction practices through the seamless integration of inventive technologies and data-driven procedures. It leverages robotics and automated systems for tasks traditionally conducted by human labor. A core focus lies in the adoption of environmentally responsible and energy-efficient construction techniques, encompassing the use of sustainable materials, the deployment of energy-efficient technologies, and the optimization of resource allocation to curtail the industry’s environmental footprint.
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 global construction industry is experiencing substantial growth, primarily driven by the increasing adoption of advanced technologies. These technologies encompass building information modeling (BIM), the internet of things (IoT), drones, and robotics. Furthermore, the widespread embrace of Construction 4.0, aimed at enhancing project planning, execution, and management efficiency, resulting in expedited project completion and cost savings, is a significant driver of this market expansion. Additionally, governments worldwide are introducing various initiatives to encourage the adoption of eco-friendly and sustainable construction practices, resource optimization, and carbon emissions reduction, all of which are contributing positively to market growth.
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.
About Us:
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.
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800