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

Albany, New York, July 14, 2017 : Recent research and the current scenario as well as future market potential of "Global Construction Robots Market 2016-2020" globally.

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 in this report
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.

The market is divided into the following 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

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

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

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

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.