Construction Robots Market is predicted to Expand at a CAGR of 15.3% during the Forecast Period, TMR Study – GlobeNewswire

Wilmington, Delaware, United States, July 07, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The value of the global construction robots market was clocked at US$ 91.2 Mn in 2021. The market is likely to expand at a CAGR of 15.3% during the forecast period, from 2022 to 2031. The global market is anticipated to attain value of US$ 359.6 Mn by 2031. In terms of use of robots in construction industry, the sector is falling behind and the sectorheavily relies on human labour. The global deployment of sophisticated construction robotics is now being driven by the demand for more economical and environmentally responsible homes with reduced environmental effects. Few construction companies now use automation, suggestingthat there is a tremendous opportunity for service providers and construction robotics companies aliketo revolutionize the sector through robotics.

Robotic technologies on construction sites significantly cut construction time and improve safety by taking over the role of construction workers byexecuting tedious or hazardous tasks, which paints a favourable future of robotics in construction. As a result of their labour-intensive modelling,intrinsic complexities, and distinctiveness, building jobs demand a lot of human effort and knowledge. The advancement of computer vision and machine learning will enable us to raise thelevelof automation of construction robots, which will help us totackle these construction-related issues. This offers lucrative growth prospects for both robotics and automation in construction industry.

Robotic systems created for construction activities, which frequently take place in dynamic conditions, are referred to as robots in the construction industry. Robotics can help reduce the need for human labour and help establish safer working conditions by automating repetitive and labour-intensive processes like loading,painting, bricklaying, and bulldozing. Additionally, robots may operate in a variety of settings around-the-clock.

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Key Findings of Market Report

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Global Construction Robots Market: Growth Drivers

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Global Construction Robots Market: Key Players

Some of the key market players are

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Global Construction Robots Market: Segmentation

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