Major players in the market include Sandvik AB, Caterpillar Inc., Komatsu Limited, Hitachi Construction Machinery Co., Ltd., Liebherr Group and others.ġ. The top ten competitors in the market made up to 96.7% of the total market in 2020.
The mining machinery market is highly concentrated, with a small number of large players. Major players in the market include Caterpillar Inc., Komatsu Limited, Volvo Group, Doosan Corporation, Hitachi Construction Machinery Co., Ltd. The top ten competitors in the market made up to 77.5% of the total market in 2020. The global autonomous construction machinery market is concentrated, with a small number of large players dominating the market. Major players in the market include Deere & Company, AGCO Corporation, CNH Industrial N.V., Kubota Corporation, CLAAS KGaA mbH and others. The top ten competitors in the market made up to 19.7% of the total market in 2020. The global autonomous agriculture machinery market is highly concentrated, with a small number of large players.
Major players in the market include Caterpillar Inc., Deere & Company, AGCO Corporation, CNH Industrial N.V., Kubota Corporation and others. The top ten competitors in the market made up to 65.14% of the total market in 2020. The global autonomous agriculture, construction, and mining machinery market is fairly concentrated, with a small number of large players. These will be followed by Asia Pacific and Eastern Europe, where the markets are expected to grow at CAGRs of 15.5% and 14.3% respectively, during 2020-2025. Going forward, the fastest-growing regions in the autonomous agriculture, construction, and mining machinery market will be the Middle East, and Africa, where growth will be at CAGRs of 16.8% and 16.3% respectively. It was followed by North America, Western Europe, and then the other regions. Factors that could hinder the growth of the autonomous agriculture, construction, and mining machinery market in the future include safety and cyber security issues, geo-political tensions, growing reliance on renewable energy sources and outbreak of coronavirus disease (COVID-19).Īsia Pacific was the largest region in the global autonomous agriculture, construction, and mining machinery market, accounting for 34.8% of the total in 2020. Going forward, labor shortage, technological advances, increasing awareness and rising safety concerns will drive growth. Factors that negatively affected growth in the historic period were lack of experience in using autonomous technology, oil price volatility, fluctuating raw material prices, geo-political tensions, lack of awareness, high costs and risk of unemployment. Growth in the historic period resulted from strong economic growth in emerging markets, increase in construction activity, low interest rates, favorable government policies, need for safety in construction and technological development. The global autonomous agriculture, construction, and mining machinery market is expected to reach $67,044.9 million in 2030, at a CAGR of 9.0%. The market is expected to grow at a CAGR of 14.1% from 2020 to reach $43,500.1 million in 2025. The global autonomous agriculture, construction, and mining machinery market is expected to grow from $22,499.7 million in 2020 to $26,779.5 million in 2021 at a compound annual growth rate (CAGR) of 19.0%. 18, 2021 (GLOBE NEWSWIRE) - The "Global Autonomous Agriculture, Construction, And Mining Machinery Market Opportunities And Strategies To 2030: COVID-19 Impact And Recovery" report has been added to 's offering.