Construction Robotics Market Upsurge at CAGR of 23.3% by 2027

Improved quality, productivity, and safety and adoption of 3D printing in the construction industry drive the growth of the global construction robotics market.

Allied Market Research published a report, titled, "Construction Robotics Market by Application (Demolition, 3D Printing, Material Handling, and Surveillance), Sales Type (New Sales and Aftermarket) and End User (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global construction robotics industry generated $2.45 billion in 2019, and is projected to reach $7.88 billion by 2027, witnessing a CAGR of 23.3% from 2020 to 2027.

Request Sample PDF of This Report @ https://www.alliedmarketresearch.com/request-sample/9773

The surveillance segment to maintain its lead position during the forecast period

Based on application, the surveillance segment accounted for more than four-fifths of the global construction robotics market in 2019, and is estimated to maintain its lead position during the forecast period. This is due to large scale usage of drones for supervision on construction sites. However, the 3D printing segment is projected to manifest the highest CAGR of 45.4% from 2020 to 2027, owing to rise in awareness regarding the 3D printing technology.

The residential segment to maintain its dominance in terms of revenue by 2027

Based on end user, the residential segment accounted for the highest market share in 2019, contributing to more than two-fifths of the global construction robotics market, and is expected to maintain its dominance in terms of revenue throughout the forecast period. Moreover, this segment is estimated to witness the fastest CAGR of 23.9% from 2020 to 2027. This is due to surge in usage of automation equipment in residential construction activities.

Asia-Pacific, followed by North America, to offer lucrative opportunities

Based on region, Asia-Pacific, followed by North America, held the highest market share in 2019, contributing to more than two-fifths of the global construction robotics market, and is projected to continue its leadership status by 2027. Moreover, this region is expected to portray the fastest CAGR of 26.0% during the forecast period. This is due to huge adoption of automated equipment in construction activities.

Make Purchase Enquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/9773

Competition analysis
The major players profiled in the construction robotics industry include Advanced Construction Robotics, Beijing Borui Intelligent Control Technology Co. Ltd., Branch Technology, Brokk Group, Built Robotics Inc., Conjet AB, Construction Robotics, DJI, Kewazo GmbH, and Yingchuang Building Technique (Shanghai) Co. Ltd. (WinSun).

Major companies in the market have adopted strategies, such as business expansion, agreement, and product launch, to offer better products and services to customers in the construction robotics market.

Segmentation based On:

By Application
Demolition
3D Printing
Material Handling
Surveillance

By End-user
Residential
Industrial
Commercial

By Region
North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)

Buy This Research Report @ https://www.alliedmarketresearch.com/checkout-final/7bb769d64981adae61df23dad2ed4cb6

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, DE. 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 domain.

Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

This release was published on openPR.