Global Construction Robots Market Size to record 55% CAGR through 2028

By Sachin Pashte  | Date: January 03, 2023

Global Construction Robots Market Size to record 55% CAGR through 2028

Expert analysts opine that global Construction Robots Market, which was valued at USD 120 million in 2021, is estimated to progress at a CAGR of 55% through the forecast period.

The expansion of global construction robots market is fueled by the construction sector’s growing emphasis on minimizing resource consumption and material waste.

Moreover, cutting down on project construction times is expected to augment industry development during the forecast period.

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However, high expenses of obtaining and maintaining the technology may hamper market outlook in the coming years.

It is worth mentioning that the subsequent waves of COVID-19 appeared just after the coronavirus began to spread fast in 2020, forcing well-known companies to alter their management approaches, which had a huge impact on the markets. The already high level of global instability was further increased by the 2022 Russo-Ukrainian War and the UK's hurried exit from the European Union.

However, given the effectiveness of immunization measures, it is predicted that the global economy will pick up steam & the market will likely recover in the following years.

Based on function, the industry is divided into doors & windows, concrete structural erection, 3D printing, finishing work, bricklaying, and demolition. In terms of application, worldwide construction robots market is branched into nuclear dismantling & demolition, commercial & residential buildings, and public infrastructure.

Regionally, the latest trends are studied across Western Europe (UK, Benelux, France, Spain, Nordic, Germany, Italy, rest of Western Europe), Asia Pacific (Australia, South Korea, China, ASEAN, India, Japan, Rest of APAC), Middle East & Africa (GCC, Turkey, South Africa, Rest of MEA), Latin America (Mexico, Brazil, Rest of Latin America), Eastern Europe (Poland, Russia, rest of Eastern Europe), and North America (U.S. and Canada).

Players like Komatsu Ltd., Giant Hydraulic Tech Co., Ltd., Fujita Corporation, FANUC America Corporation, Blue Ocean Robotics, ANYbotics AG, ABB Ltd., Ekso Bionics Holdings Inc., COBOD International A/S, Apis Cor, Dusty Robotics, Advanced Construction Robotics Inc., Fastbrick Robotics Ltd., Construction Robotics LLC, Husqvarna AB, and Brokk AB influence the competitive landscape of global construction robots industry. Additionally, in order to obtain a competitive advantage over their rivals and take a substantial market share, these companies are employing creative tactics and forming strategic alliances.

Questions and Answers: - Global Construction Robots Market

Question 1. What are the major factors driving global construction robots market trends?

Answer 1. The expansion of global construction robots market is fueled by the construction sector’s growing emphasis on minimizing resource consumption and material waste.

Question 2. How is the application category in global construction robots market divided?

Answer 2. In terms of application, worldwide construction robots market is branched into nuclear dismantling & demolition, commercial & residential buildings, and public infrastructure.

Question 3. Which are the key players influencing global construction robots market dynamics?

Answer 3. The competitive landscape of global construction robots industry is influenced by players like Komatsu Ltd., Giant Hydraulic Tech Co., Ltd., Fujita Corporation, FANUC America Corporation, Blue Ocean Robotics, ANYbotics AG, ABB Ltd., Ekso Bionics Holdings Inc., COBOD International A/S, Apis Cor, Dusty Robotics, Advanced Construction Robotics Inc., Fastbrick Robotics Ltd., Construction Robotics LLC, Husqvarna AB, and Brokk AB.

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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