Construction Robot Market 2023 Driving Factors Forecast Research 2029

The construction robot market is projected to grow at a considerable CAGR of more than 12% during the forecast period (2020-2026). The significant rise in the demand for automation in the construction industry is a key factor that is anticipated to drive the global construction robot market. Traditional construction activities such as material handling, dispensing, welding, packing, cutting and packing can be fully automated by the use of robotic technology. Along with automation of different tasks lower operating costs, improved efficiency on repeatable tasks, on-demand and custom development, wearables, augmentation and automation, and easy maintenance of logistics are the other benefits that the construction robots offer. According to the US Bureau of Labor Statistics, nearly 200,000 construction jobs were left unfulfilled by February 2017. The construction industry involves a lot of tasks related to manual labor the shortage of manual labor across different countries is further anticipated to create demand for the construction robot market.

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Moreover, the rising investments in the constructional activities and real estate along with the supportive government & private funding for the infrastructure development are expected to positively affect the construction robot market across the globe during the forecast period. For instance, in the US according to Associated General Contractors of America (AGC), the construction spending totaled at around $1.3 trillion in January 2019 at a seasonally adjusted annual rate, a 1.3% increase from construction spending in December 2018 and around 0.3% gain from January 2018. However, the high cost of implementation along with the unpredictable layout of the construction sites is one of the key factors that may restrain the growth of the global construction robot market.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Construction Robot Market Segmentation
By Function
• Demolition
• Bricklaying
• 3D Printing
• Others

By Type
• Fully-Autonomous
• Semi-Autonomous

By Application
• Public Infrastructure
• Commercial and Residential
• Others

Global Construction Robot Market Segmentation by region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of the Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America

The Report Covers
• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global construction robot market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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