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Construction Cobots Market Segmentation by Type (Traditional Robot, Robotic ARM, and Exoskeleton); by Function (Demolition, Bricklaying, 3d Printing, Concrete Structural Erection, Finishing Work, Doors and Windows Installation, and Others) and by Application (Public Infrastructure, Commercial and Residential Buildings, Nuclear Dismantling and Demolition, and Others) – Global Demand Analysis and Opportunity Outlook 2021-2029

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Extensive insights into the Growth of Construction Cobots Market Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Construction Cobots Market Highlights over 2020-2029

The construction cobots market is estimated to grow with a high CAGR during the forecast period, i.e., 2021-2029. Extensive research associated with construction cobots in western countries, along with the enhanced productivity, quality, and safety due to the implementation of construction cobots, is expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as the growing urbanization worldwide. The increasing population essentially drives the rising demand for construction equipment. The global scenario of people migrating from rural to urban areas has also propelled this demand even further. According to the United Nations Population Division, the global population is projected to reach 9.5 billion by 2050. The urban population is expected to account for a minimum of 64% share of it.

Global-Construction-Cobots-Market-Share

The market is segmented based on function into demolition, bricklaying, 3d printing, concrete structural erection, finishing work, doors and windows installation, and others, out of which, concrete structural erection segment is anticipated to grab the most significant share by the end of 2029 on account of reducing the complexity of the construction operations and is attracting most of the construction firms to adopt cobots for this function. This is estimated to contribute to the growth of the segment during the forecast period.

Global Construction Cobots Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. APAC has abundant natural reserves distributed among various countries. The mining and construction industries are among the top industries in Australia, China, India, Malaysia, and Vietnam. With growing urbanization and the wide availability of natural resources throughout the region, the mining and construction companies have started using automated equipment, operating software, and communications system to connect and work on-site. Also, the presence of many robotic manufacturing companies in China and Japan and a high growth rate of the market for 3D printers for advanced construction is projected to drive the growth of the construction robot market in APAC.

Construction-Cobots-Market-Share

The global construction cobots market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global construction cobots market includes the following segments:

By Type

  • Traditional Robot
  • Robotic ARM
  • Exoskeleton

By Function

  •  Demolition
  • Bricklaying
  •  3D Printing
  • Concrete Structural Erection
  • Finishing Work
  • Doors and Windows Installation
  •  Others

By Application

  • Public Infrastructure
  • Commercial and Residential Buildings
  • Nuclear Dismantling and Demolition
  • Others

Growth Drivers

  • Enhanced Productivity, Quality, And Safety Due to The Implementation of Construction Cobots
  • Rise in Automation at Construction Sites
  • Adoption of 3d Printing in The Construction Industry

Challenges

  • Unpredictable Layout of The Construction Sites
  • High Equipment Cost

Top Featured Companies Dominating the Market

  • Brokk Global
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Komatsu Ltd.
  •  Ekso Bionics Holdings Inc.
  • FBR Ltd 
  • Conjet AB
  • Beijing Borui Intelligent Control Technology Co. Ltd.
  • Giant Hydraulic Tech
  • Fastbrick Robotics
  • Autonomous Solutions

 

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