Press release
Demolition Robot Market Size, Share, Analysis- 2020–2027 | Key Drivers, Restraints & Opportunity
Demolition Robot Market
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Rise in activities such as reconstruction, renovation, and remodeling due to increase in number of old constructions is expected to drive the growth of the demolition robots market during the forecast period. In addition, rapid urbanization and industrialization in developing countries such as India, China, Brazil, Bangladesh, Egypt, and Russia has resulted in the need of new construction and refurbishment of old construction, which is expected to drive the growth the market during the forecast period. Further, rise in adoption of robots in the construction industry due to savings in cost and time is also expected to accelerate the growth of the market during the forecast period.
Lack of awareness about the advantages of demolition robots along with lack of skilled manpower for operating demolition robot is expected to hinder the growth of the market during the forecast period. In addition, high initial cost of demolition robots is expected to restrain the growth of the market during the forecast period. The COVID-19 pandemic has enforced many companies in the global market to halt their business operations to comply with new government regulations to curb the spread of COVID-19. This halt in operations directly impacts the revenue flow of the demolition robot market supply chain.
Key Players
The key players profiled in the demolition robot market report 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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Key Market Segments
By Product Type
Mini
Medium
Large
By Application
Construction
Mining
Tunneling
By Sales
New equipment sales
Aftermarket sales
By Region
North America
Europe
Asia-Pacific
LAMEA
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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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