According to the new market research report on the "Construction Robot Market by
Type (Traditional, Robotic Arm, and Exoskeleton), Automation, Function,
Application (Public Infrastructure, Commercial and Residential
Buildings, Nuclear Dismantling and Demolition), and Geography - Global
Forecast to 2023", the construction robot market is valued at
USD 76.6 Million in 2018 and is expected to reach USD 166.4 Million by
2023, at a CAGR of 16.8% between 2018 and 2023. The market is mainly
driven by the factors such as enhanced productivity, quality, and safety
due to the implementation of construction robots and growing
urbanization worldwide.
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Browse 66 market data Tables and 32 Figures spread through 128 Pages and in-depth TOC on "Construction Robot Market"
The
report profiles the most promising players in the market. The
competitive landscape of the market is highly dynamic because of the
presence of a significant number of big and small players operating in
it. Key players in the market are Brokk (Sweden), Husqvarna (Sweden),
Ekso Bionics (US), Komatsu (Japan), Fujita (Japan), Construction
Robotics (US), Fastbrick Robotics (Australia), Autonomous Solutions
(US), Conjet (Sweden), TopTec Spezialmaschinen (Germany), Apis Cor
(Russia), nLink (Norway), Yingchuang Building Technique Co. (WinSun)
(China), Advanced Construction Robotics (US), MX3D (Netherlands), CyBe
Construction (Netherlands), CYBERDYNE (Japan), Giant Hydraulic Tech
(China), Alpine Sales and Rental (US), and Beijing Borui Intelligent
Control Technology (China).
Construction robot market for exoskeleton to grow at highest CAGR during forecast period
The
market for exoskeleton is expected to grow at the highest CAGR during
the forecast period. The high growth of this segment can be attributed
to the fact that most of the construction companies are expected to
adopt exoskeletons for their workers to address the issue of labor
shortage. The deployment of exoskeletons is likely to help workers to
perform heavy work easily; hence, the use of exoskeleton is expected to
improve work environment at construction sites.
Semi-autonomous construction robots held larger share of overall market in 2017
The
semi-autonomous construction robots held a larger share of ~67.1% of
the overall construction robot market in 2017. The need for broader and
more efficient infrastructure, and improved infrastructure monitoring
for predictive and corrective maintenance are the factors driving the
market for the semi-autonomous construction robots.
Europe is major consumer of construction robots
Europe
accounted for a major share of the overall construction robot market in
2017. The largest size of the European construction robot market is
attributed to the large facilities of various companies for the
development and production of the construction and demolition robots,
increasing number of government regulations, and growing need for the
residential and non-residential construction projects. Also, the
European construction market is expected to grow tremendously in the
coming years. The high rate of industrialization has increased the
extent of construction activities in the region, leading to increasing
demand for advanced construction equipment, such as robots.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441