Press release
Construction Robotics Market 2027 Hits a CAGR of 23.3% Increasing Research Drive Growth by AMR
According to a recent report published by Allied Market Research, titled, The construction robotics market was valued at $2.5 billion in 2019, and is expected to reach $7.9 billion by 2027, registering a CAGR of 23.3% from 2020 to 2027. In 2019, the surveillance segment dominated the construction robotics market, followed by the demolition segment.Construction robotics is primarily propelled by the increased productivity and quality achieved by robots. Moreover, these robots offer heightened security and safety, particularly in adverse conditions. Additionally, there's a global trend towards rapid adoption of 3D printing as a cost-effective alternative to skilled labor, minimizing material wastage in the process, thereby bolstering the construction robotics market worldwide.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ : ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ-๐ฌ๐๐ฆ๐ฉ๐ฅ๐/๐๐๐๐
Key Points:
In 2019, the surveillance segment led in revenue contribution by application.
New sales topped revenue generation by sales type in 2019.
Residential use drove the highest revenue by end user in 2019.
However, the high costs associated with equipment and automation hinder the growth of the construction robotics market. The outbreak of COVID-19 further exacerbated the situation, halting construction and manufacturing activities worldwide and disrupting supply chains. Nevertheless, with industries gradually recovering and vaccine discoveries expected, the construction robotics market is anticipated to rebound by mid-2021. Moreover, the increasing adoption of automation in construction presents new opportunities for technology development, likely boosting the construction robotics market in the forecast period.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐-๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ/๐๐๐๐
Forecasts:
The surveillance segment is expected to maintain its dominance, driven by extensive drone usage for site supervision.
The 3D printing segment is projected to witness the highest CAGR, driven by growing awareness of its technology.
Residential construction is set to maintain revenue dominance by 2027, with the fastest CAGR due to increased automation.
Asia-Pacific, followed by North America, presents lucrative opportunities, with Asia-Pacific expected to lead in market share and growth due to widespread adoption of automated equipment in construction.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ-๐๐จ๐ซ-๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง/๐๐๐๐
๐๐จ๐ฉ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
The major players profiled in the construction robotics market 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).
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.
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