Robotics for Construction and Extraction Market Share: Global Industry Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Forecast to 2026

The Robotics for Construction and Extraction Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Robotics for Construction and Extraction Market Size is Projected to Reach at a CAGR of 17% during 2022-2026.

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Market Overview:

The increasing focus of the construction organizations in reducing the resource and material waste of the building materials during construction is expected to drive the adoption of the construction robots' market. Construction is one of the sectors where a significant amount of material is wasted due to the traditional construction process. Autodesk identifies that while it is difficult to get exact figures of the waste produced on a typical construction site, several construction organizations have thought that nearly 30% of the total weight of building materials transported to a building site is wasted.
Further, the drive to reduce the construction time of the projects is aiding the growth of the construction robots. Welding time in Japanese construction sites has declined dramatically since the implementation of robotic welding systems. One firm in the country developed a system that uses two six-axis robots to weld structural steel for buildings. The I-beams are cut and welded before being delivered to the construction site, resulting in little welding needing to be done onsite.

Top Leading Companies:

Construction Robotics, Fastbrick Robotics, NLink, ROBOTICPLUS, Guangdong Bozhilin Robot Co., Ltd., Komatsu Mining Corp.

Recent Developments

August 2021- Rugged showcased its layout printing construction robot. The company partnered with a construction firm called Consigli, wherein the robot was used to develop blueprints for the construction of 10 story building.
April 2021- Printstones, an Austrian Startup, launched its multifunctional construction robot with a modular design approach. The robot can climb stairs, drive through doors, and is powered by electric energy.
In January 2021, Flexiv, an industrial robots manufacturer, raised $100 million in series B funding from investors such as Meituan, Meta Capital, New Hope Group, Longwood, YF Capital, Gaorong Capital, GSR Ventures, and Plug and Play. The company plans to invest and focus on mass production and R&D in the coming years

Robotics for Construction and Extraction Market Segmentation by Type:

Mobile Platform
Operating Platform

Robotics for Construction and Extraction Market Segmentation by Application:

Construction Industry
Petroleum Industry
Others

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North America is Expected to Hold Major Share

While manual labour has been a huge and critical component of modern construction, technology has continuously improved since the first pulleys and power tools. Robots are the beginning to help get the work done. With low US unemployment and skilled labour shortages, automation is key to meeting demand and continued economic growth.
However, According to PIAAC data, it is calculated that 38% of jobs in the United States are at significant risk of being automated during the next decade. According to a report by the Associated General Contractors of America, 70% of contractors in the US struggle to hire skilled craft workers. This comes as hiring needs in the industry are expected to grow 12% by 2026 with the demand for construction robots.
According to the 2020 Construction Outlook Survey by the Associated General Contractors of America (AGC), 81% of construction firms have trouble filling both salaried and hourly craft positions, and 72% anticipate labor shortages to be the biggest hurdle in the next year.

Regional Robotics for Construction and Extraction Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Robotics for Construction and Extraction Market Report:

Detailed overview of Robotics for Construction and Extraction Market
Changing the Robotics for Construction and Extraction market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Robotics for Construction and Extraction market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Robotics for Construction and Extraction Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Robotics for Construction and Extraction Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Robotics for Construction and Extraction industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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