Press release
Construction Robot Market Size, Share, Demand Segmentation Analysis and Forecasts to 2027
The construction sector is probably one of those sectors which have been least automated and still relies on the manual operations. Manual construction operations involve higher risks and lesser operational efficiencies and thus there is a need for automation into it. The manual intensive labor is the primary source for productivity in the construction industry. Robotics is anticipated to play a huge role in the transformation of this industry for new commercial construction activities, renovation or demolition activities, or any other construction related activities.The need for increasing productivity and eliminating the human risks during construction is driving the demands for robotics integration into the industry. High costs of robotic integrations are expected to hinder the growth of construction robot market in the coming years, especially in the developing and under-developed economies. Encouraging R&D investments for strengthening infrastructures are providing huge opportunities for the construction robot market players during the forecast period.
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The key players influencing the market RobotWorx, RoboTerra Inc., Husqvarna, Komatsu, and Autonomous Solutions. Also, Construction Robotics, Advanced Construction Robotics, CYBERDYNE, Giant Hydraulic Tech, and Conjet are few other important players in the construction robot market.
Over the forecast period of 2019-2027, the Construction Robot market is expected to experience a substantial growth rate. The report will highlight various factors such as drivers, futures trends and opportunities behind the growth rate. The report will also provide insights on how the market will behave during the forecast period, and its potential impact on market segments, sub-segments and industry verticals at short term, midterm and long term basis. The market numbers presented in the report, are also portrayed in the graphical format for developing better understanding and analyzing the market.
The Construction Robot market size is derived primarily form the supply side (i.e. the market players operating in global Construction Robot market) and therefore, revenue of all the prominent leading companies operating across the value chain are taken into consideration across regional, global and country level. Historical and current market information is collected from technical literature, paid databases, magazines, press releases, trade unions, company presentations, annual reports, and other information available in public domain. Additionally, the research team also refers various paid data sources such as Factiva, Hoovers, Bloomberg, and numerous other sources were also referred to derive company’s annual revenue, and other segment related financial information. Also, market forecasting and key industry trends information such as growth prospects, market composition, market dynamics, and segmentation confirmation is obtained from primary interviews with market participants including industry experts, regional managers, CEOs, market professional with substantial industry experienced.
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