Global Construction and Demolition Robots Market 2018-2022
About Construction and Demolition Robots
Construction and demolition robots are mainly used for basic tasks in building construction and civil engineering projects. These tasks include concreting, building, positioning, finishing, demolishing, drilling, tunneling, earthmoving, and scaffolding.
Technavio’s analysts forecast the global construction and demolition robots market to grow at a CAGR of 9.47% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global construction and demolition robots market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Construction and Demolition Robots Market 2018-2022
Technavio recognizes the following companies as the key players in the global construction and demolition robots market: Conjet, Construction Robotics, Fujita, Husqvarna Group, LIFCO, and TopTec Spezialmaschinen.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth in skyscrapers and mixed-use building projects. The rapidly growing population and increasing urbanization are consequent in the growing need for infrastructures such as offices, homes, hospitals, and hotels. Due to the lack of available land, the construction industry is turning towards skyscrapers to accommodate large volumes of people on several floors.”
According to the report, one driver in the market is lack of manpower in developed countries. The construction firms and contractors in the construction industry in developed regions such as the US, Europe, and Australia, are experiencing lack of labor. Individuals are steadily opting for intellectual and white-collar jobs over physical labor jobs.
Further, the report states that one challenge in the market is high initial investments. Globally construction companies are reluctant to adopt robotic solutions and automation in the industry due to high initial investments and risks associate with their deployment at construction sites.
Conjet, Construction Robotics, Fujita, Husqvarna Group, LIFCO, and TopTec Spezialmaschinen.
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