Construction Robot Market Overview, Growth, and Trends (2021-2031)

MARKET OVERVIEW

Construction robots are semi-autonomous or completely autonomous robots that are used to speed up and improve the quality of construction work. Construction is one of the most manual-intensive businesses, with physical labour being the primary source of productivity. The construction sector, on the other hand, is deploying robots to excel at repetitive work in a controlled setting, thanks to technological advancements. To improve production and quality, a variety of robots have been deployed. In comparison to the manual procedure, demolition robots have been employed to safely and precisely demolish any structure.

MARKET SCOPE

The "Global Construction robot Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the construction robot market with detailed market segmentation automation, function, application, and geography. The report provides key statistics on the market status of the leading construction robot market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on automation, the global construction robot market is segmented fully autonomous, and semi-autonomous.
  
•   On the basis of function, the market is segmented into demolition, bricklaying, 3D printing, concrete structural erection, finishing work, doors and windows, and installation.
  
•   On the basis of application, the market is segmented into public infrastructure, commercial and residential buildings, nuclear dismantling and demolition, and others.
  

MARKET DYNAMICS

Drivers:

•   The need for increasing productivity and eliminating the human risks during construction is driving the demands for robotics integration into the industry.
  

Restraints

•   High costs of robotic integrations are expected to hinder the growth of construction robot market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The construction robot market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the construction robot market in these regions.

IMPACT OF COVID-19 ON CONSTRUCTION ROBOT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the construction robot market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from construction robot market are anticipated to lucrative growth opportunities in the future with the rising demand for construction robot in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the construction robot market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   RobotWorx
  
•   RoboTerra Inc.
  
•   Husqvarna
  
•   Komatsu
  
•   Autonomous Solutions
  
•   Construction Robotics
  
•   Advanced Construction Robotics
  
•   CYBERDYNE
  
•   Giant Hydraulic Tech
  
•   Conjet
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Construction Robot Report Scope