Quick Overview of the Global Construction Robots Market Analysis
The Global Construction Robots Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of Construction Robots Industry (2023-28): Reveals Further Growth &Market Expansion
According to the most recent study, the Global Construction Robots Market projected to grow at a CAGR of around 16.8% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023-28.
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Global Construction Robots Market Key Driver:
Surging Construction of Residential & Commercial Buildings – The development of construction robots inbuilt with smart technologies such as AI, sensors, scanners, etc., has reduced the time for construction activities. Thus, construction companies are now inclined toward construction robot equipment for doing activities such as bricklaying, 3D printing, demolition, etc. In addition, the increase in population and surging tourists have led to the growth in the construction of residential buildings and hotels across the globe.
Moreover, the surging investment by the governments for the expansion of public infrastructure such as roads, rail lines, metro, etc. has augmented the demand for construction robots. Hence, the rising construction activities through the expansion of residential & commercial buildings and infrastructures across regions would beef up the market of Global Construction Robots during the forecasted period.
Construction Robots Market Segmentation Analysis
-By Application
- Demolition
- 3D Printing
- Bricklaying
- Others (Material Handling, Surveillance, Masonry, etc.)
-By End-User
- Public Infrastructure
- Commercial
- Residential
-By Sales Type
- New Sales
- Aftermarket
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Geographical Analysis:
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The North American region is expected to dominate the Global Construction Robots market owing to the rapid construction of commercial & residential buildings, and infrastructure. The growing advancement in the technology related to construction robots in countries such as the US and Canada has also been the prime factor leading to the growth of the construction robots market in the region. In 2021, Purdue University innovators developed a novel construction robotic system that includes innovative mechanical design with advances in computer vision sensing technology to work on a construction site.
Key Players and Competitive Strategies in the Construction Robots Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
- Brokk Global
- Conjet AB
- Husqvarna Group
- Construction Robotics LLC
- Fastbrick Robotics Ltd
- Dusty Robotics
- Apis Cor
- COBOD International AS
- Fujita
- Ekso Bionics
- Autonomous Solutions
- TopTec Spezialmaschinen
- Built Robotics Inc.
- DJI
- Branch Technology
- Others
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Global Construction Robots Industry Recent Developments
- 2019: Brokk Global introduced the new Brokk 300 which has around 40% more demolition power than the previous Brokk 280. The product also includes Brokk SmartConcept technology for improved power management and ergonomics.
- 2017: Built Robotics entered into a partnership with a construction giant company ‘Mortenson’ for deploying their first self-driving track loader on their construction sites.
Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2023-28?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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