Global Construction Robot Market was valued at USD 44.8 Mn in 2020 is expected to reach USD 110.7 Mn by 2027, with a growing CAGR of 13.8% during the forecast period 2021-2027.
Due to the rapid advancement in technology and high demand for construction works, the construction industry is facing challenges such as a shortage of skilled labor, inadequacy of resources, and the convergence of requisite technologies. These challenges have increased the demand for the Construction Robot market. A Construction Robot plays a significant role in automating solutions and delivering cost-effective operations. These robots have helped in automating laborious and dangerous tasks to keep laborer’s away from hazardous activities, enabling them to focus on productive work.
The rising population coupled with increasing urbanization significantly drives the growth of the construction robot market. For instance, according to the United Nations Population Division, the global population is projected to reach 9.5 billion by 2050, and the urban population is expected to account for a minimum of 64% share of it.
Get a Sample Copy of the Construction Robot Market Report 2021-2027 Including TOC, Figures, and Graphs at https://www.alltheresearch.com/sample-request/310
Points Covered of this report are:
To share detailed information about the key factors such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors etc.
To Study and analyze, complete profile of the companies with capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments included within the report.
Key Players covered in Construction Robot Market report is:
- Construction Robotics
- Brokk Global
- Ekso Bionics
- CyBe Construction
- Conjet AB
- TopTec Spezialmaschinen GmbH
- FBR Ltd.
- Autonomous Solutions Inc.
- Advanced Construction Robotics, Inc.
- Giant Hydraulic Tech Co., Ltd.
For more Customization, Connect with us at https://www.alltheresearch.com/customization/310
The high equipment cost is one of the major factors that Hampers the growth of the construction robot market. Moreover, the increasing automation at the construction sites is expected to provide significant opportunities construction robots. Furthermore, the unpredictable layout of the construction sites is one of the major challenges that limits the growth of the global construction robot market.
Construction Robot Market by Product:
- Traditional Robot
- Robotic ARM
Construction Robot Market by Application:
- Public Infrastructure
- Commercial and Industrial Infrastructure
- Residential Buildings
Construction Robot Market by Region Outlook:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
In terms of geography, The Asia Pacific region is expected to grow at a rapid pace owing to the presence of abundant natural resources like minerals, ores, among others, in countries like China, India, Australia, Malaysia, and other Asian countries. These countries carry out mining and construction activities to extract natural resources in the region. The construction industry of the region has started adopting construction robots for site inspection and for speeding up construction activities on site.
Get the PDF to understand the CORONA Virus/COVID19 impact and be smart in redefining business strategies: https://www.alltheresearch.com/impactC19-request/310
We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At AllTheResearch, we understand Research requirements and help a client in taking informed business critical decisions. Given the complexities and interdependencies of market-intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for a more simplified and relevant research.
For all your Research needs, reach out to us at:
Contact Person: Rohan S.