(MENAFN- PR Newswire) DUBLIN, Nov. 24, 2022 /PRNewswire/ -- The 'demolition robot market by product type, by application, by sales type: global opportunity analysis and industry forecast, 2021-2031' report has been added to
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The global demolition robots market was valued at $286,633.4 thousand in 2021, and is projected to reach $1,255,172.5 thousand by 2031, registering a CAGR of 15.7% from 2022 to 2031.
Demolition robot is a specially designed robot, which can be operated from a distance with the help of remote control. These robots are majorly used for basic tasks in building construction and civil engineering projects such as concreting, building, positioning, finishing, demolishing, drilling, tunneling, earthmoving, and scaffolding. The use of demolition robots serves as a safer alternative for manual demolition of concrete structures. Trend shows that manufacturers are focusing on offering mobile robots as a new form of professional service to gain competitive edge in the market. This, in turn, is expected to propel the demand for various demolition tools such as crushers, breakers, drills, and buckets to break building materials such as concrete and road pavements.
Most demolition robots are similar to small excavators, but these excavators are compact and are designed to fit in a small space. The automated variants are safe to use, since they are operated with the help of remote control. These robots work day and night, and aim to complete the demolition activity faster. They have strong growth potential by replacing traditional demolition machines that require operator and large amount of fuel.Rapid urbanization and industrialization in the developing countries such as India, China, Brazil, Bangladesh, Egypt, and Russia have resulted in the need of new construction and refurbishment of old constructions, which are expected to drive the growth of the global demolition robot market during the forecast period.In addition, rise in activities such as reconstruction, renovation, and remodeling due to increase in number of old constructions fosters the market growth. Moreover, increase in adoption of robots in the construction industry due to cost and time savings is expected to accelerate the growth of the market during the forecast period. Furthermore, technological advancements such as incorporation of Internet of Things (IoT), telematics, and artificial intelligence (AI) for the development of efficient and cost-effective demolition robots are anticipated provide lucrative opportunities for the growth of the global market during the forecast period.The major players profiled in the demolition robot market include Brokk Global, Conjet AB, Epiroc AB, Giant Hydraulic Tech Co., Ltd., Hitachi, Ltd., Husqvarna Group, Komatsu Ltd., Sherpa Mini-loaders B.V., Tei Rock Drills, and TopTec Benelux BVBA. Major companies in the market have adopted product launch, partnership, business expansion and acquisition as their key developmental strategies to offer better products and services to customers in the demolition robot market. Key Benefits
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the demolition robot market analysis from 2021 to 2031 to identify the prevailing demolition robot market opportunities. The market research is offered along with information related to key drivers, restraints, and opportunities. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. In-depth analysis of the demolition robot market segmentation assists to determine the prevailing market opportunities. Major countries in each region are mapped according to their revenue contribution to the global market. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. The report includes the analysis of the regional as well as global demolition robot market trends, key players, market segments, application areas, and market growth strategies.
Key Topics Covered: CHAPTER 1: INTRODUCTION CHAPTER 2: EXECUTIVE SUMMARY CHAPTER 3: MARKET OVERVIEW 3.1.Market definition and scope3.2.Key findings3.2.1.Top investment pockets3.3.Porter's five forces analysis3.4.Top player positioning3.5.Market dynamics3.5.1.Drivers3.5.2.Restraints3.5.3.Opportunities3.6.COVID-19 Impact Analysis on the market CHAPTER 4: DEMOLITION ROBOT MARKET, BY PRODUCT TYPE 4.1 Overview4.1.1 Market size and forecast4.2 Mini4.2.1 Key market trends, growth factors and opportunities4.2.2 Market size and forecast, by region4.2.3 Market analysis by country4.3 Medium4.3.1 Key market trends, growth factors and opportunities4.3.2 Market size and forecast, by region4.3.3 Market analysis by country4.4 Large4.4.1 Key market trends, growth factors and opportunities4.4.2 Market size and forecast, by region4.4.3 Market analysis by country CHAPTER 5: DEMOLITION ROBOT MARKET, BY APPLICATION 5.1 Overview5.1.1 Market size and forecast5.2 Construction5.2.1 Key market trends, growth factors and opportunities5.2.2 Market size and forecast, by region5.2.3 Market analysis by country5.3 Mining5.3.1 Key market trends, growth factors and opportunities5.3.2 Market size and forecast, by region5.3.3 Market analysis by country5.4 Tunneling5.4.1 Key market trends, growth factors and opportunities5.4.2 Market size and forecast, by region5.4.3 Market analysis by country CHAPTER 6: DEMOLITION ROBOT MARKET, BY SALES TYPE 6.1 Overview6.1.1 Market size and forecast6.2 New Equipment6.2.1 Key market trends, growth factors and opportunities6.2.2 Market size and forecast, by region6.2.3 Market analysis by country6.3 Aftermarket6.3.1 Key market trends, growth factors and opportunities6.3.2 Market size and forecast, by region6.3.3 Market analysis by country CHAPTER 7: DEMOLITION ROBOT MARKET, BY REGION CHAPTER 8: COMPANY LANDSCAPE 8.1. Introduction8.2. Top winning strategies8.3. Product Mapping of Top 10 Player8.4. Competitive Dashboard8.5. Competitive Heatmap8.6. Key developments CHAPTER 9: COMPANY PROFILES 9.1 Brokk Group9.1.1 Company overview9.1.2 Company snapshot9.1.3 Operating business segments9.1.4 Product portfolio9.1.5 Business performance9.1.6 Key strategic moves and developments9.2 Conjet AB9.2.1 Company overview9.2.2 Company snapshot9.2.3 Operating business segments9.2.4 Product portfolio9.2.5 Business performance9.2.6 Key strategic moves and developments9.3 Epiroc AB9.3.1 Company overview9.3.2 Company snapshot9.3.3 Operating business segments9.3.4 Product portfolio9.3.5 Business performance9.3.6 Key strategic moves and developments9.4 Giant Hydraulic Tech Co., Ltd.9.4.1 Company overview9.4.2 Company snapshot9.4.3 Operating business segments9.4.4 Product portfolio9.4.5 Business performance9.4.6 Key strategic moves and developments9.5 Hitachi, Ltd.9.5.1 Company overview9.5.2 Company snapshot9.5.3 Operating business segments9.5.4 Product portfolio9.5.5 Business performance9.5.6 Key strategic moves and developments9.6 Husqvarna Group9.6.1 Company overview9.6.2 Company snapshot9.6.3 Operating business segments9.6.4 Product portfolio9.6.5 Business performance9.6.6 Key strategic moves and developments9.7 Komastu Ltd.9.7.1 Company overview9.7.2 Company snapshot9.7.3 Operating business segments9.7.4 Product portfolio9.7.5 Business performance9.7.6 Key strategic moves and developments9.8 Sherpa Miniloaders BV9.8.1 Company overview9.8.2 Company snapshot9.8.3 Operating business segments9.8.4 Product portfolio9.8.5 Business performance9.8.6 Key strategic moves and developments9.9 TEI Rock Drills9.9.1 Company overview9.9.2 Company snapshot9.9.3 Operating business segments9.9.4 Product portfolio9.9.5 Business performance9.9.6 Key strategic moves and developments9.10 TopTec Benelux BVBA9.10.1 Company overview9.10.2 Company snapshot9.10.3 Operating business segments9.10.4 Product portfolio9.10.5 Business performance9.10.6 Key strategic moves and developments
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