Global Demolition Robots Market, By Type (Mini, Medium and Large), Application (Industrial Construction, Household and Commercial Buildings and Road and Infrastructure), Sales (New Equipment Sales and Aftermarket Sales), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Demolition Robots Market
Rising urbanization, infrastructural development and rising construction activities especially in the developing countries are attributable to the growth in demand for demolition robots. Data Bridge Market Research analyses that the demolition robots market will exhibit a CAGR of 16.2% for the forecast period of 2021-2028. This means that the demolition robots market value would stand tall by USD 735.76 million by the year 2028.
Demolition robots are used to demolishing and shaping out the concrete. Demolition robots are operated through a remote control and save a lot of time and hard work. Demolition robot is a manifestation of robotics that is widely used in the construction activities. Manual demolition is hazardous to health and risky at the same time. With the advent of this technology, construction activities now can be undertaken with greater efficiency and accuracy. This also points out to the fact that productivity is multiplied. The demolition robots are available in a wide variety of sizes depending upon their demolition capacities. The aim behind the advent of this technology was to reduce the number of accidents at construction sites.
Rising urbanization, rising construction activities and increased focus on infrastructural development are the major factors responsible for propelling the growth of demolition robots market. Rising public and private expenditure on the reconstruction, renovation and remodelling activities have led the multiplication in demand for demolition robots. Rising focus and awareness regarding workforce safety at construction sites has further induced growth in the demand for demolition robots. Lack of manpower in developed countries is another factor responsible for fostering the growth of demolition robots market. Demolition robots save a lot of efforts in terms of money and hard work involved. This would further work in the favour of their demand and supply globally.
However, high initial investments will slow down the demolition robots market growth rate. Lack of awareness about demolition robots in the low and middle class economies will further create hindrances in the way of demolition robots market growth. Lack of skilled manpower to operate demolition robots especially in these regions will hammer down the demolition robots market growth rate. The recent COVID-19 outbreak put a halt on the construction activities. This in turn directly impacted the demand and supply of demolition robots globally.
This demolition robots market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on demolition robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Demolition Robots Market Scope and Market Size
The demolition robots market is segmented on the basis of type, application and sales. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the demolition robots market is segmented into mini, medium and large.
- On the basis of application, the demolition robots market is segmented into industrial construction, household and commercial buildings and road and infrastructure.
- On the basis of sales, the demolition robots market is segmented into new equipment sales and aftermarket sales.
Demolition Robots Market Country Level Analysis
The demolition robots market is analysed and market size, volume information is provided by country, type, application and sales as referenced above.
The countries covered in the demolition robots market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is set to undergo the highest compound annual growth rate (CAGR) during the forecast period. This is because of the rise in construction activities, rising focus on infrastructural development and supportive governmental policies. Modernization of construction activities in terms of technology will further induce growth in the demand for demolition robots. Developing countries such as India and China will emerge as the major contributors from this region.
The country section of the demolition robots market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Demolition Robots Market Share Analysis
The demolition robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the demolition robots market.
The major players covered in the demolition robots market report are BROKK GLOBAL, Conjet AB, Husqvarna Group., Giant Hydraulic Tech Co., Ltd., Epiroc, SMP Deutschland GmbH, Darda GmbH, SHERPA Mini-loaders B.V., TopTec Benelux BVBA, Hitachi Construction Machinery Co., Ltd., Robore, MCCANN, KEMEN GROUP., Fujita Corporation, STANLEY Infrastructure, Advanced Construction Robotics, Construction Robotics., Ekso Bionics, TopTec Spezialmaschinen GmbH and nLink AS among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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