The latest report by IMARC Group, titled “Construction Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global construction robots market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global construction robots market size reached US$ 129.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 316.0 Billion by 2028, exhibiting a growth rate (CAGR) of 16.4% during 2023-2028.
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Market Overview:
Construction robots are revolutionizing the construction industry by automating tasks traditionally performed by human labor. These robotic machines are designed to enhance efficiency, safety, and precision on construction sites. Equipped with advanced sensors, AI, and mechanical capabilities, they can perform various tasks, from bricklaying and concrete pouring to excavation and demolition.
They reduce labor costs, accelerate project timelines, and improve project quality. They excel in hazardous environments and repetitive tasks, minimizing the risk of accidents. As technology advances, these robots are poised to transform how we build structures, making construction processes faster, safer, and more sustainable.
Global Construction Robots Market Trends:
The global market is majorly driven by the increasing labor shortage. In line with this, robotic automation reduces labor costs, making it an attractive option for construction companies. Furthermore, the construction robots can be customized for various tasks, increasing their versatility and market demand. Apart from this, using robots in construction aligns with sustainability goals by minimizing waste and energy consumption, creating a positive outlook for the market.
Moreover, the rapid innovations in AI, sensors, and automation technology enhance the capabilities of construction robots, catalyzing the market. Besides, the government’s worldwide incentives and regulations promoting automation and safety encourage robot adoption. The global trend of urbanization drives demand for faster and more efficient construction methods. Additionally, the growth in the construction industry fuels the need for automation to meet the rising demand for infrastructure and buildings. This, in turn, is providing a boost to the product demand.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/construction-robots-market
Key Players in the Construction Robots Industry
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Brokk AB
- Husqvarna AB
- Komatsu Ltd.
- Ekso Bionics Europe GmbH
- Fujita Corporation
- Conjet AB
- Giant Hydraulic Tech Co. Ltd.
- Automated Precision Inc.
- Alpine Sales and Rental Corporation
- CyBe Construction BV
- MX3D BV
- Construction Robotics
- Fastbrick Robotics Ltd.
- TopTec Spezialmaschinen GmbH
Market Segmentation:
Breakup by Type:
- Traditional Robot
- Robotic Arm
- Exoskeleton
Breakup by Automation:
- Fully Autonomous
- Semi-Autonomous
Breakup by Function:
- Demolition
- Bricklaying
- 3D Printing
- Concrete Structural Erection
- Finishing Work
- Doors and Windows
- Others
Breakup by Application:
- Public Infrastructure
- Commercial and Residential Buildings
- Nuclear Dismantling and Demolition
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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