Construction Robots Market Globally Grow at a CAGR of 5.41% by Revenue During the Forecast Period 2017-2020

Albany, NY, 2nd FEB : Construction robots are mainly used for basic tasks in building construction and civil engineering projects. These tasks include concreting, building, connecting, attaching, coating, covering, jointing, positioning, finishing, demolishing, drilling, tunneling, earthmoving, scaffolding, inspecting, and repairing elements.
Construction robots improve productivity, quality of end-products; reduce manual operations, leading to less errors; shorten construction time; reduce costs; and increase safety in hazardous working environments. The productivity of the construction robots is high when the construction materials are standardized and work processes are repeated. These robots were introduced in 1980s to improve working conditions and enhance productivity and work efficiency. However, the diffusion of robots was slow and the technological progress was low compared to its manufacturing counterparts.

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Technavios analysts forecast the global construction robots market to grow at a CAGR of 5.41% during the period 2016-2020.

Covered :
The report covers the present scenario and the growth prospects of the global construction robots market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of construction robots.

Segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Construction Robots Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Brokk
Fujita
ULC Robotics

Other prominent vendors
Construction robotics
Hanool robotics
Skanska
Taisei
Shimizu

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Key driver
Increased urbanization
For a full, detailed list, view our report

Key challenge
Reluctance of construction companies to adopt construction robotics
For a full, detailed list, view our report

Key trend
Rise of modular constructed buildings
For a full, detailed list, view our report

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