A recent report published by Infinium Global Research on construction robots market provides in-depth analysis of segments and sub-segments in the global as well as regional construction robots market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional construction robots market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global construction robots market. According to the report, the global construction robots market is projected to grow at a CAGR of 10.5% over the forecast period of 2019-2025.
Robotics is a branch of engineering which deals with the design, development, operating of a robot, and construction. Robotics comprises computer engineering, mechanical, and electrical. Robotics is usually classified into industrial robots and service robots. Service robots are further classified into professional robots, personal robots, and domestic robots. In recent years, robots are being used in the construction industry. It is mainly used for basic tasks in civil engineering projects and building construction.
The global construction robots market is primarily driven by the implementation of robotics in the construction industry reduce human issues including mistakes, damage, laziness, and conflicts with co-workers, along with no need for health insurance and security. Moreover, specialized robots can work on the facades of tall buildings, or in airless spaces, small, dark, which is dangerous for humans, without any unsteadiness is expected to fuel the market growth in the near future. However, the high cost associated with the instrument and less adaptation rate in less developed and developing countries is expected to hinder the demand for global construction robots market. Nonetheless, robots may be function 24×7, in various conditions. They reduce potential risks such as accidents, lawsuits, etc., as there are no labor onsite is anticipated to create a new opportunity for global construction robots market.
On the basis of region, the global construction robots market is bifurcated into North America, Asia- Pacific, Europe, Latin America, and the Middle East and Africa. The Asia-Pacific held the largest revenue share for the global construction robots market in 2018 owing to the adoption of automation in construction and mining industries in nations such as Australia, India, Vietnam, Malaysia, and China. Additionally, Japan is a pioneer in the robot application as japan has been utilizing automation and in the mining and construction industry since the 1980s. The construction robots market is anticipated to exhibit sustainable growth for North America region within the projected years owing to a shortage of skilled labor or works.
The report on global construction robots market covers segments such as function, and application. On the basis of function, the sub-markets include 3D-printing robots, bricklaying robots, demolition robots, and other functions. On the basis of application, the sub-markets include commercial buildings, public infrastructure, residential buildings, and other applications.
The report provides profiles of the companies in the market such as TopTec Spezialmaschinen GmbH, Ekso Bionics, Construction Robotics, Brokk AB, Komatsu, Fujita, Autonomous Solutions, Giant Hydraulic Tech, Alpine Sales and Rental, and Fastbrick Robotics.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of construction robots market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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