Construction Robots Market To Reach US$ 316.0 Billion by 2028 | Growth Rate (CAGR) of 16.4%

According to the latest report by IMARC Group, titled, "Construction Robots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, the global construction robots market size reached US$ 129.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 316.0 Billion by 2028, exhibiting a growth rate (CAGR) of 16.4% during 2023-2028. Construction robots are automated machines designed to perform various construction tasks, including bricklaying, welding, painting, and demolition. They are equipped with sensors and cameras, enabling them to navigate complex construction sites and perform their tasks with high precision and accuracy. They are gaining popularity in the construction industry due to their ability to increase productivity, reduce labor costs, and improve safety on job sites. They can work 24/7 without fatigue, reduce the risk of accidents, and handle heavy materials that might be difficult for human workers.

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Global Construction Robots Market Growth:

The global market is majorly driven by the increasing demand for sustainable, efficient, and safe construction methods. In line with this, the rising demand for automation and robotics in the construction industry worldwide is significantly contributing to market growth. Furthermore, heavy investments in infrastructure projects, particularly in developing economies, are positively influencing the market. Apart from this, the key players are investing in R&D to develop advanced construction robots that can perform a wide range of construction tasks with high precision and efficiency. Moreover, rapid urbanization and industrialization and the growing safety due to robotic automation is driving the market further. Additionally, the escalating number of construction firms undertaking automation initiatives and rising funding toward modernizing their construction activities are expected to provide a boost to the market.

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Competitive Landscape Key Players:

• Brokk AB
• Husqvarna AB
• Komatsu Ltd.
• Ekso Bionics Europe GmbH
• Fujita Corporation
• Conjet AB
• Giant Hydraulic Tech Co. Ltd.
• Automated Precision Inc.
• Alpine Sales and Rental Corporation
• CyBe Construction BV
• MX3D BV
• Construction Robotics
• Fastbrick Robotics Ltd
• TopTec Spezialmaschinen GmbH

Breakup by Type:

• Traditional Robot
• Robotic Arm
• Exoskeleton

Breakup by Automation:

• Fully Autonomous
• Semi-Autonomous

Breakup by Function:

• Demolition
• Bricklaying
• 3D Printing
• Finishing Work
• Doors and Windows
• Others

Breakup by Application:

• Public Infrastructure
• Commercial and Residential Buildings
• Nuclear Dismantling and Demolition
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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