Construction Robots Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Construction Robots Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Construction Robots market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Construction Robots Reports Highlights
What is the size of the Construction Robots Market?
The Global Construction Robots Market is projected to grow at a CAGR of around 16.8% during the forecast period, i.e., 2023-28, owing to the rising construction of residential, commercial, and public infrastructures. The adoption of construction robots has resulted in the displacement of humans from the construction workforce. Due to increased productivity & quality, robots have contributed significantly to the growth of the industry. These robots are used to perform essential tasks on construction sites, such as positioning, tunneling, and demolishing. Construction robot equipment is used for a variety of purposes in the construction industry, including demolition, 3D printing, brick layering, etc., allowing for the most efficient use of resources in the shortest period.
What do the growth prospects and trends look like in the Construction Robots Industry?
Surging Construction of Residential & Commercial Buildings – The development of construction robots inbuilt with smart technologies such as AI, sensors, scanners, etc., has reduced the time for construction activities. Thus, construction companies are now inclined toward construction robot equipment for doing activities such as bricklaying, 3D printing, demolition, etc. In addition, the increase in population and surging tourists have led to the growth in the construction of residential buildings and hotels across the globe.
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What Components are encompassed within Construction Robots Market segmentation?
The report has divided the market into the following segments:
-Others (Material Handling, Surveillance, Masonry, etc.)
By Sales Type
-The Middle East & Africa
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Construction Robotics LLC
-Fastbrick Robotics Ltd
-COBOD International AS
-Built Robotics Inc.
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