Press release
Construction Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031
The Global Construction Robots Market is poised for substantial growth, with a valuation of US$ 91.2 million in 2021 and an estimated CAGR of 15.3% from 2022 to 2031, reaching a projected value of US$ 359.6 million by the end of 2031, according to the latest market report. The construction industry, traditionally reliant on manual labor, is undergoing a transformative shift towards automation to address challenges such as labor shortages, environmental impact, and the need for cost-effective and sustainable construction practices.Request Your Sample Copy Now: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=56457&utm_source=Openpr&utm_campaign=Amit
Key Highlights:
Market Growth Drivers:
• The adoption of advanced construction robotics is prompted by the demand for more affordable and environmentally friendly construction, coupled with labor and skills shortages.
• Increasing fatal accidents at construction sites and a shortage of labor have created a pressing need for the deployment of robotic construction equipment.
• Automation is seen as a solution to increase efficiency, productivity, and safety in construction, demolition, and renovation activities.
Regional Outlook of Global Construction Robots Market
North America dominated the global construction robots market and accounted for around 36.1% share in 2021. Primary factors influencing the growth of the market in the region include growing investments in public infrastructure and rising spending on construction across commercial and residential sectors in the region. In November 2021, the U.S. Congress approved the Infrastructure Investment and Jobs Act, and this bill carries a price tag of US$ 1.2 Trn, which includes US$ 550 Bn for transportation, broadband and utilities; US$ 110 Bn for roads, bridges, and other major infrastructure projects; and US$ 40 Bn for repair and replacement of bridges.
Europe and Asia Pacific are also key markets for construction robots, and they held shares of 26.5% and 20.1%, respectively, in 2021. Growing labor shortage and rising fatal accidents & workplace injuries are significant factors boosting the adoption of construction robots in these regions.
Middle East & Africa is a larger market for construction robots as compared to the market in South America, and the market in Middle East & Africa is projected to advance at a CAGR of 13.4% during the forecast period.
Key Players:
• ABB Ltd.
• Advanced Construction Robotics Inc.
• ANYbotics AG
• Blue Ocean Robotics
• Brokk AB
• Construction Robotics LLC
• FANUC America Corporation
• Fujita Corporation
• Giant Hydraulic Tech
• Komatsu
Key Developments in Global Construction Robots Market
• In January 2022, FANUC America launched the new M-1000iA robot that can be used for handling very heavy products, including automotive components, construction materials, and others. It has 1000 kg maximum payload capacity with full articulation.
• In April 2019, Brokk launched the Brokk 520D new diesel demolition robot, meeting both Tier 4 Final and European's Stage IV emission standards. According to the company, this new machine is the most eco-friendly diesel demolition robot on the market.
Market Trends:
The rise in demand for enhanced productivity, efficiency, and manufacturing flexibility is driving the adoption of construction robots, offering solutions such as modular home fabrication, robotic welding, and 3D printing of houses.
Rapid urbanization globally is fueling the demand for construction in various sectors, leading to increased construction spending and, consequently, the adoption of advanced construction robotics.
Market Segmentation
Type
• 3D-printing Robots
• Demolition Robots
• Bricklaying Robots
• Material Handling Robots
• Surveillance Robots
• Others (Paint Robots, Welding, etc.)
Automation
• Fully Autonomous Robots
• Semi-autonomous Robots
Application
• Commercial Buildings
• Residential Buildings
• Public Infrastructure
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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