The global Construction and Demolition Robots Market was valued at USD 402.7 Million in 2019 and is projected to reach USD 734.0 Million by 2027 expanding at a CAGR of 8.3% during the forecast period, 2020-2027. Construction and demolition robots are used in construction industry, these robots play a vital role in the construction sector, as they help building heavy infrastructure, building constructions, and demolishing of nuclear facility and other power stations. These robots can perform several activities and are useful to construction companies, as they reduce the workload of labor in activities such as bricklaying, construction of tall structures, and lifting heavy equipment in disaster relief situation by automating dangerous and laborious tasks. Construction service providers are replacing conventional practices with modern practices and are focused on high adoption of technologically advanced robots for performing faster tasks at construction sites.
Demolition robots are widely used by the construction industry to tear down the rising number of old constructions. Moreover, high demand for reconstruction and remodeling is expected to increase during the forecast period. Rise in the demand for reconstructions from urban areas is driving requirement for demolition robots in developing countries. Demolition robots are safer and quicker than human labor for the demolition of concrete structures. Additionally, they are available in various sizes, powers, and attachments. They can be fit into small spaces and can complete the demolition work smoothly.
The market is driven by factors such as increase in the number of government projects and heavy/civil constructions projects rate has led to the rise in the use of construction robots, while boosting infrastructure expenditure and high application of robots in the construction sector. This, in turn, is propelling market growth. Rising issues related to the labor can also be solve using construction robots. Moreover, these robots are safe and effective and can provide high productive results. Increasing demand of reconstruction and renovation owing to increase in number of old constructions, has led to rise in adoption of 3D printing in the construction industry, and automation at construction sites are creating opportunities in the market. High cost associated to the construction and demolition robots is restraining market growth. Unpredictable layout of the construction sites is challenges market growth.
On the basis of product type, the construction and demolition robots market is segmented into demolition robots and construction robots. These are professional service robots and are used for the demolition and construction of buildings. The robots are used to perform several tasks and functions, reduce labor’s effort, and increase labor safety. They play an important role in the construction industry, as they reduce the time and cost of the project. Increasing adoption of robotics in the construction industry is expected to drive the demand for these robots in the future. The demolition robots segment is expected to hold over 4/5th of the market share, and is expected to expand at considerable CAGR during the forecast period.
On the basis of applications, the market is divided into heavy/civil constructions segment, building construction segment, and nuclear dismantling & demolition segment. The heavy/civil construction segment account for major share, as it covers a majority of structures which are essential and important such as roadways, waterways, energy power plant, and others. The building constructions segment is expected to grow at a significant pace during the forecast period. The heavy/civil constructions segment is expected to hold substantial share of the market and is expected to expand at significant CAGR during the forecast period.
Based on regions, the construction and demolition robots market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Globally, Asia Pacific accounted for a major share of the market, followed by Europe. The market in the region is projected to expand at a high CAGR during the forecast period owing to increasing demand of constructions, and adoption of technologically advanced reports for construction facility. Moreover, increasing number of civil engineering projects and building constructions are key factors that are expected to drive market growth.
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Additional company profiles can be provided on request.
Yes, the report includes the list of construction and demolition robots distributors and customers in the final report.
According to this Growth Market Reports report, the market from Construction and Demolition Robots Market is likely to register a CAGR of 8.3% during forecast period 2020-2027, with an anticipated valuation of USD 734.0 million by the end of the 2027.
In addition to market size (in USD Million), Company Market Share (in % for base year 2019) in final report.
Modernization of the construction industry is driving the growth of the market at a rapid pace. Adoption of advanced technologies and high-performance robots by the construction and demolition industry is driving market growth. Increasing demand for construction and demolition robots by builders for demolishing, heavy constructions and building constructions is also expected to boost the growth of the market. Rising use of construction robots to tackle the shortage of labor is one of the factors propelling market growth these factors are expected to drive the market growth during forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness decline in terms of sales of Construction and demolition robots in 2020 owing to the negative impact of COVID 19 pandemic on the Construction and demolition robots market. The shutdown of production activities, disruption in supply chain due to restrictions on transportation activities, and temporary stoppage in construction activities has led to decline in demand for construction and demolition robots these reasons are responsible for this market trend.
The base year considered for the global construction and demolition robots market report is 2019. The complete analysis period is 2017 to 2020, wherein, 2017, and 2018 are the historic years and the forecast is provided from 2020 to 2027.
The construction sector, is the key end-user driving the construction and demolition robots market growth.
Major manufactures include, Husqvarna AB, Construction Robotics, Fujita Corporation, FBR Ltd, Lifco, Conjet AB and others.
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