Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Construction Cobots Market size is set to expand at over 20.2% CAGR during the forecast period i.e., between 2025-2037.
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.
Construction Cobots Sector: Growth Drivers and Challenges
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
Construction Cobots Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
20.2% |
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Base Year Market Size (2024) |
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Forecast Year Market Size (2037) |
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Regional Scope |
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Construction Cobots Segmentation
The construction cobots 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.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Function |
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Application |
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Customize this ReportConstruction Cobots Industry - Regional Synopsis
Asia Pacific industry is estimated to hold largest revenue share by 2037, led by extensive research associated with construction cobots in western countries, along with enhanced productivity, quality, and safety due to implementation of construction cobots. 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 construction cobots market in APAC.
Companies Dominating the Construction Cobots Landscape
- 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
In the News
Author Credits: Shweta Patidar
- Report ID: 3010
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
