DUBLIN, May 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Construction Robots Market 2016-2020" report to their offering.
The global construction robots market to grow at a CAGR of 5.41% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global construction robots market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of construction robots. The report also includes a discussion of the key vendors operating in this market.
Construction robots are mainly used for basic tasks in building construction and civil engineering projects. These tasks include concreting, building, connecting, attaching, coating, covering, jointing, positioning, finishing, demolishing, drilling, tunneling, earthmoving, scaffolding, inspecting, and repairing elements.
Construction robots improve productivity, quality of end-products; reduce manual operations, leading to less errors; shorten construction time; reduce costs; and increase safety in hazardous working environments. The productivity of the construction robots is high when the construction materials are standardized and work processes are repeated. These robots were introduced in 1980s to improve working conditions and enhance productivity and work efficiency. However, the diffusion of robots was slow and the technological progress was low compared to its manufacturing counterparts.
According to the report, urbanization is the strongest indicator for a country's economic growth, development, and modernization. High demand for offices, manufacturing facilities, recreation spaces, and hotels will continue to drive the spending in the forecast period. This has led to increased demand for higher use of construction equipment, boosting the growth of the construction robots market.
Further, the report states that construction companies worldwide are hesitant to implement automation and robots in the construction industry because of high initial cost, need for greater financial investment in R&D, and risks associated with the implementation of these technologies in construction sites.
- ULC Robotics
Other prominent vendors
- Construction robotics
- Hanool robotics
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
- Other prominent vendors
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
- Global construction robots market for heavy/civil construction
- Global construction robots market for building construction
- Global construction robots market for nuclear dismantling and demolition
- Global construction robots market for other applications
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape - Competition business overview - Competition business focus
PART 14: Key takeaways
PART 15: Appendix
For more information visit http://www.researchandmarkets.com/research/z4s5qz/global
Laura Wood, Senior Manager
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SOURCE Research and Markets