Construction Robot Market 2018 Key Players are: are Husqvarna, Conjet AB, Brokk AB, Giant Hydraulic Tech, TopTec Spezialmaschinen GmbH, Alpine, Cazza, Construction Robotics, ULC Robotics, Beijing Borui Intelligent Control Technology

Market Overview: -

Construction Robot Market is set to grow from 2018 to 2024 owing to the need for automation in the industry. These machines are utilized for performing several functions, which were earlier done by human efforts. With the advent of automated machines in the industry, the high-intensity work is completed within a short period of time. The advantage of automation to this sector is the reduction in the labor cost and ultimately a drop in the total cost borne by companies.

Several types of automated systems are being developed in the construction robot market such as 3D printing robots, which are used to build large buildings. It is also widely used in building bridges; for instance, in October 2017, world’s first 3D printed bridge was built in the Netherlands. Low penetration of automated solutions in the sector offers a huge growth potential to the construction robot market.

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Top Key Players: -

Key players operating in the construction robot market are Husqvarna, Conjet AB, Brokk AB, Giant Hydraulic Tech, TopTec Spezialmaschinen GmbH, Alpine, Cazza, Construction Robotics, ULC Robotics, Beijing Borui Intelligent Control Technology, Shimizu Construction, Fast Brick Robotics, and Fujita Corporation.

Market share calculation in this report is not done based on companies covered in it. The calculation of construction robot market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

The commercial sector is expected to grow over the coming years in the construction robot market due to the rise in the commercial infrastructure activities. The need for advanced technologies and products is increasing rapidly, which is being catered to by manufacturers in the construction robot market. The increasing infrastructure projects in developing countries including India, China, and South Korea are creating a high demand for advanced and automated machines, which will support the workforce to perform several big tasks within a limited time. The required efficiency and productivity in the development of these projects are crucial to ensure the strength and stability of the infrastructure.

North America accounted for the majority of the industry shares in the construction robot market. The technological advancements and availability that are provided by the manufacturers cater to the demand and requirements of the customers in the region. Moreover, the presence of major players and huge customer base in the region offer a high growth potential. The areas of applications include underground mining, structural assembly, and underwater search and inspection. With the increase in the commercial infrastructures in the region, the construction robot market will experience high growth and development.

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Technological advancements and innovations in the construction robot market are expanding the demand for automation for performing the tasks, which are time-consuming when human efforts are employed. These machines are developed to support and carry out the different functions and job which are performed by the workers. Several technological advancements in the construction robot market, such as home-making robots for building prefabricated roofs, walls, and floors and Semi-Automated Mason (SAM), which include bricklaying functions and 3D printing concrete houses are making the industrial work faster, safer, and more creative.

At present the penetration of the technology in the overall construction industry is much lower. The increasing consumer spending and growing demand for residential facilities owing to the rise in global disposable income is projected to coerce businesses into increasing their output by indulging in the robotic equipment, thereby driving the construction robot market demand.

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