Market Research Future published a research report on “Construction Robot Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The growing need for automation for multiple functions in the construction sector, the global construction robot market is composed to witness phenomenal growth in the coming years. On this, Market Research Future has published the newest report on global construction robot market that it is anticipated to gain enticing increase at a healthy pace with 17% CAGR by 2023 while winning a valuation of USD 165 million globally.
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Along with the increasing demand for fast and accurate construction activities coupled with a useful resource as well as time management, robots are considered to be vital state-of-work and is also projected to be a critical part of the entire construction industry.
Hence, the advent of construction robot in the current construction business sphere has led to the completion of time-consuming construction activities in a short time frame with greater efficiency. This beneficial aspect of construction robot has fortified to more product demand globally. Thus, the Construction Robot Market has observed an exceptional growth graph since some time and is also expected to earn more valuation in the coming years.
The protruding players in the market of Global Construction robot are listed as Brokk AB (Sweden), Husqvarna (Sweden), Esko Bionics (U.S.), Komatsu (Japan), Conjet AB (Sweden), TopTec Spezialmaschinen GmbH (Germany), Construction Robotics (U.S.) Fastbrick Robotics (Australia), Autonomous Solutions (US), Apis Cor (Russia), nLink (Norway), Yingchuang Building Technique Co. (WinSun) (China), Advanced Construction Robotics (US), MX3D (Netherlands), CyBe Construction (Netherlands), Cyberdyne (Japan), Giant Hydraulic Tech (China), Alpine Sales and Rental (US) and Beijing Borui Intelligent Control Technology (China).
Global Construction Robot Market Segmentation
The global construction robot market has been broadly segmented in terms of design, automation, function, and vertical.
By the mode of design, the market is comprised of traditional robot, robotic arm, exoskeleton.
By the mode of automation, the market is segmented into fully autonomous and semi-autonomous.
By the mode of function, the market comprises of demolition, bricklaying, 3D printing, concrete structural erection, finishing work, doors and windows installation and others.
By the mode of vertical, this market is comprised of public infrastructure, commercial and residential buildings, nuclear dismantling and demolition, and road and tunnel construction.
The geographical analysis of global construction robot market is studied under regions of North America, Europe, Asia-Pacific, and the rest of the world.
Currently, the Asia-Pacific region is leading the global construction robot market owing to the implementation of automation in mining and construction industries in Australia, China, India, Malaysia, and Vietnam. Other than these, Japan is known to be a pioneer region in the application of robots, as it has been implementing robots in construction activities since the 1980s.
Whereas, the European construction robot market is expected to proliferate due to the increasing demand for construction and demolition robots in various facilities. Also, there is an expanding number of government regulations and growth in residential and non-residential construction projects, which is leading the construction market to expands exponentially.
Construction robot market is also expected to attain sustainable growth in North America during the forecast period due to the scarcity of skilled labor, need for waste reduction, precision, and efficiency in production, increased safety, and use of drones on construction sites.
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- Global Construction robot Providers
- Raw material suppliers
- Original Equipment Manufacturers (OEMs)
- Technology providers
- Solutions providers
- Intellectual property license providers
- Government and regulatory bodies
- Research institutes and organizations
- Construction robots distributors
- Technology Investors
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