Demolition Robot Market Growth, Analysis & Forecast by 2027 | BROKK GLOBAL, Conjet AB, Husqvarna AB (publ), Giant Hydraulics, Epiroc, SMP, Darda, SHERPA Mini-loaders B.V.

According to a new report published by Allied Market Research, titled, “Demolition Robot Market by Product type, Application, and Sales: Opportunity Analysis and Industry Forecast, 2020–2027,” the global demolition robots market size was valued at $234.9 million in 2019, and is projected to reach $633.2 million by 2027, registering a CAGR of 16.2% from 2020 to 2027.

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Demolition robots are the specially designed robots, which can be operated from the distance with the help of remote control. Use of demolition robots is a safer alternative for the manual demolition of the concrete structure. Demolition robots are available in various sizes, powers, and attachments. They can be fit in small space and can complete the demolition work smoothly. Safety is a major concern in the demolition operation at any construction sight.

Covid-19 Scenario Analysis

The outbreak of COVID-19 has a negative impact on the manufacturing and production of demolition robots in the first and second quarter of 2020, and is likely to hamper the demolition robots market growth throughout the year. This has further affected the demand for precision from developing countries, including India, China, and others; thereby, halting the production activities. In addition, the disruption of supply chains is causing hindrance in manufacturing of the demolition robots around the globe.

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Key Market Segments

The global demolition robot market is segmented on the basis of product type, application, sales, and region. Depending on product type, the market is divided into mini, medium, and large. Based on application, the market is categorized into construction, mining, and tunneling. On the basis of sales, the market is classified into new equipment sales and aftermarket sales. Region wise, the demolition robots market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Competition Analysis

Key companies profiled in the report for the manufactured housing market include BROKK GLOBAL, Conjet AB, Husqvarna AB (publ), Giant Hydraulics, Epiroc, SMP, Darda, SHERPA Mini-loaders B.V., TEI ROCK DRILLS, TopTec Benelux BVBA.

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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 domains.

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