Press release
Construction Robotics Market to Observe Strong Development with registering a CAGR of 23.3% by 2027
We live in the era of automation and robotics. Every aspect of our lives is touched by novel technologies. The hard work and repetitive tasks are being passed on to robots that do not demand rest, monthly salaries, and leave of absence.So, it is not a surprise that robots invaded the construction and building industry. The slow and constant growth of robots allowed them to establish their presence in the market.
According to Allied Market Research, the global construction robotics market is estimated to reach $7.88 billion by 2027, growing at a CAGR of 23.3% from 2020 to 2027. The enhanced quality of robots, increase in productivity, and adoption of 3D printing have increased the importance of construction robotics.
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Leading Players:
The major players profiled in the construction robotics market include Advanced Construction Robotics, Beijing Borui Intelligent Control Technology Co. Ltd., Branch Technology, Brokk Group, Built Robotics Inc., Conjet AB, Construction Robotics, DJI, Kewazo GmbH, and Yingchuang Building Technique (Shanghai) Co. Ltd. (WinSun).
The construction robotics market is segmented into application, sales type, end user, and region. On the basis of application, the market is divided into demolition, 3D printing, material handling, and surveillance.
By Application
Demolition
3D Printing
Material Handling
Surveillance
By Sales Type
New Sales
Aftermarket
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Construction robotics to become a new type of workforce:
It is crucial to understand how robotics can help humans on-site and how we can leverage their capabilities to our benefit. Although finding this balance is a challenge, it is not at all impossible. The emergence of robotic technology is bound to change the way work is done on the construction site. Thus, workers must adjust themselves to the new change, new reality. Although robotics will not cut down human jobs, their integration will demand certain types of expertise. People who can handle robots, get the job done by working alongside them will witness more job opportunities.
While the world is bewitched with the capabilities of robots, there are drawbacks to the use of robots on construction sites. Humans and robots both have weaknesses and strengths and both are instrumental for different construction processes.
The workers can focus on the more creative and delicate part of the construction process while robots can take care of the heavy lifting and repetitive work. Having said that, there will always be a requirement for people who can remotely operate robots, which will open a new kind of job opportunity.
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In the end, construction robotics industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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