Demolition Robot Market Business Opportunities, Size, Share, Growth, Scope & Forecast to 2028
The ‘Global Demolition Robot Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global demolition robot market, assessing the market on the basis of its segments like product type, application, sales, and major regions.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 16.30%
Demolition robot manufacturers and suppliers have been observing a significant rise in the demand for demolition robots especially from the construction sector because of the dangers associated with the demolition of old buildings and constructions. These robots act as an alternative for manual demolition and are built and engineered in such a way that they are capable of providing safety and minimising the probability of accidents at commercial sites.
Increasing reconstruction, renovation, and remodelling activities owing to increasing urbanisation and industrialisation are some of the major factors that are contributing to the growth of the demolition robot market. Adoption of demolition robots by several demolition and construction companies in order to save time and labour costs is increasing steadily along with the growth in infrastructural development, including rise in commercial and residential construction, thereby bolstering the growth of the market.
Rising concern for the safety of the workers involved in demolition activities has further enhanced the use of demolition robots to replace human workers. Demolishing old buildings and structurers can be dangerous and strenuous, and thus, replacing human workers with demolishing robots can help save time, effort, and danger to human workers, fuelling the growth of the demolition robot market.
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Demolition Robot Industry Definition and Major Segments
A demolition robot is a professional service robot used to dismantle, destroy, wreck, or raze any structure or building that is at the end of its lifecycle to create space for any reason. Demolitions are commonly conducted to clear space for the construction of a new building. Demolition robots are sturdy and include components to help transport materials from the demolition site.
Based on product type, the market is segmented into:
• Mini
• Medium
• Large
On the basis of application, the market is classified into:
• Construction
• Mining
• Tunnelling
Based on sales, the market is divided into:
• New Equipment Sales
• Aftermarket Sales
On the basis of region, the market is categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Demolition Robot Market Trends
The key trends in the global demolition robot market include improvements in advanced digital technologies such as the Internet of Things and artificial intelligence that facilitates the use of demolition robots for remote operations. Demolition robots equipped with Internet of Things makes it easier for users to operate them using smart phones and other devices. Further, their design supports their operations in small spaces which is enhancing the use of demolition robots.
Manufacturers are developing mobile demolition robots in order to gain a competitive edge in the demolition robot market. This is expected to increase the demand for demolition tools such as breakers, buckets, crushers, and drills which are helpful in the breaking of various building materials.
The Asia Pacific region is expected to account for a large share in the market because of increasing construction activities in the region. Various governments are focussing on infrastructural development by issuing policies that are increasing the use of demolition robots, fuelling the overall market. Modernisation of construction activities in developing countries such as China and India are expected to fuel the growth of the market further.
Key Market Players
The major players in the global demolition robot market report are Brokk Inc., Conjet AB, Husqvarna Group, Darda GmbH, and Sherpa Mini-Loaders B.V., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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