Global Construction Robots Market Anticipated to Reach US$ 316.0 Billion during 2023-2028 | IMARC Group

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.

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Global Construction Robots Market Overview:

The global construction robots market centers around specialized automated machinery designed explicitly for construction tasks. These robots are engineered with advanced algorithms and mechanical capabilities to execute tasks such as bricklaying, drilling, 3D printing, and demolition. Operating on the basis of either pre-programmed sequences or real-time data, construction robots improve precision and efficiency, reducing human error and workplace hazards. Their inherent advantages include not just speed and accuracy but also the ability to operate in environments that may be hazardous to human workers.

Global Construction Robots Market Trends:

The market for construction robots is experiencing significant growth, primarily due to the pressing need for timely project completion. In sync with this, the advancement in robotic technology, offering higher precision and functionality, is further providing an impetus to the market. Moreover, the increased focus on worker safety acts as an additional growth-inducing factor. The incorporation of artificial intelligence and machine learning algorithms in robot functionalities is also enhancing market prospects. Besides this, the demand for sustainable and eco-friendly construction methods is opening up new avenues in the market.

Additionally, the market is positively impacted by the rise in public and private investment in construction activities. Government regulations encouraging automation for higher productivity and better quality standards contribute to the market's expansion. Furthermore, improved remote-operating capabilities appeal to a broader range of construction types, propelling the market forward. Other contributing factors include the diversification of construction needs, growing complexity of projects, and the ongoing commitment to research and development, ensuring the continual refinement of these advanced robotic solutions.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/construction-robots-market

Key Players in the Construction Robots Industry:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

• 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

Market Segmentation:

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, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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