WiseGuyRerports.com Presents “Global Construction & Demolition Robots Market by Product Type, Automation Degree, Robot Function, Application Vertical and Region 2014-2025” New Document to its Studies Database
The current entrepreneurial boom drives the market for Construction & Demolition Robots and its commercial applications, such as building sites in Japan, are enjoying a wave of automation in the midst of increasing labor shortages. There will be 1.28 million fewer construction workers by fiscal 2025 relative with fiscal 2014, according to the Japan Association of Construction Contractors. According to the Ministry of Land, Roads, Transport, and Tourism, out of all construction workers only 30 percent workers were over 55 years of age in 2015, while only 10 percent were 29 years of age.
Construction and demolition robots are primarily used in construction and civil engineering projects for basic tasks. These tasks include concreting, construction, positioning, finishing, demolition, drilling, tunneling, earthmoving, and scaffolding. Industry analysts expect that over the span 2018-2022, the global building and demolition robots’ market will grow at a CAGR of 9.47%. Construction & Demolition Robots are about safety and efficiency, both of which generate significant cost savings for building and demolition companies. Although demolition robots have a high initial expense to expect for a brand-new product, they are long-term cost-effective, providing time-and labor-saving ROI.
In the construction industry, demolition robots are used to demolish buildings at the end of their life cycle. These mobile robots are a relatively new type of robot, which uses a variety of end-of-arm tools, such as breakers, crushers, boxes, and buckets, to break construction materials. Demolition robots currently occupy 90% of the overall construction robots market. They are one of the first commercially viable service robots in a historically labor intensive industry to tackle applications. The overall robotic construction market is projected to reach $321 million by 2022, with a global growth rate of 8.7% between 2016 and 2022 compound annual growth (CAGR).
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Market Segment:
The global Construction & Demolition Robots market is broadly segmented by type, automation, function, application and region. It is further categorized into Traditional Robots, Robotic ARMs, and Exoskeletons depending on product type. Based on robot automation, the global market is split by Fully Autonomous Robots and Semi-Autonomous Robots. With respect to function, the market is sub segmented into Demolition Robots, Bricklaying Robots, Concrete Structural Erection Robots, and 3D Printing Robots and others. By application, the market is segmented further into Public infrastructure, Commercial and Residential Buildings, Nuclear Dismantling and Demolition and others.
Regional Analysis:
Geographically, Europe and North America dominate the construction robotics industry. China and Japan will play an instrumental role in future, especially China that is vibrant and more welcoming of new players looking for market opportunities. The current entrepreneurial boom drives the market for construction robots and the real world requirements, such as building sites in Japan, are enjoying a wave of automation in the midst of increasing labor shortages.
Industry News:
Construction & Demolition Robots will play a major role in the future, but now most building robots (building 3D printing robots, bricklaying robots) have not been commercially produced. Yet days are not far from when it is easy to order bricklaying robot or 3D drone manufacturing or 3D software printing as a standard product. R&D is in the process of making this a reality.
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Table Of Content:
1 Introduction
2 Market Overview and Qualitative Analysis
3 Segmentation of Global Market by Solution Format
4 Segmentation of Global Market by Advertising Type
5 Segmentation of Global Market by Industry Vertical
6 Segmentation of Global Market by Mobile Device
7 Segmentation of Global Market by Region
8 Competitive Landscape
9 Investing in Global Market: Risk Assessment and Management
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