Press release
Demolition Robot Market Trends, Share, Analysis & Industry Forecast, 2020–2027 | by Product Type, Application & Sales
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.
Covid-19 Impact 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.
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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