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Construction Robot Market Industry 2021 Growth analysis, key Players, business overview, market insights, trends and forecast 2027

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.

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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.

To study and analyze the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

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.

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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
  • Exoskeleton

Construction Robot Market by Application:

  • Public Infrastructure
  • Commercial and Industrial Infrastructure
  • Residential Buildings
  • Other

Construction Robot Market by Region Outlook:

  • North America
  • Europe
  • 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.

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