The Europe Construction Robots Market would witness market growth of 16.5% CAGR during the forecast period (2022-2028).
It is anticipated that the focus on integrating robots with emerging technologies, like Building Information Modeling (BIM) and Computer-Aided Manufacturing (CAM), to scale up production, which can result in more affordable and adaptable systems, will continue to open up profitable business opportunities for significant players and new entrants in the market. In addition, the construction of repeated building types is most likely to use off-site prefabrication facilities, where the move from 2D CAD to 3D BIM may allow the manufacturing of whole assemblies utilizing fast-developing robotic technology.
In the future, this is also anticipated to fuel market expansion. Most of the work done on construction sites is stationary, repetitive, tactile, and time-sensitive. These exercises don't need innovative or creative thinking. As a result, builders are leaning towards automating these processes. Due to their versatility and capacity to complete various tasks, the construction sector is increasingly using semi-autonomous machines at an increasing rate.
Due to an expansion in urbanization, there is a greater need for building across various sectors, including transportation, housing, education, water supply, workplaces, and sewage systems. These elements are boosting worldwide business, which is growing the building sector. Robots are used at construction sites because they can operate in hazardous conditions, transport huge loads, and use the newest, safer building techniques.
The German government claims that throughout the last several years, the building sector has contributed to the stabilization of the German economy. A 3.2% increase in the building's total investment was seen between 2020 and 2021. A significant amount of the output in this business is acquired by private investors. The new federal government has also said that climate change policy would be its top priority and that federal subsidies offered to producers of modular containers will considerably aid investments in the German housing and railway systems. These factors should provide good chances for market growth in the area of Europe.
The Germany market dominated the Europe Construction Robots Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $163.4 Million by 2028. The UK market is anticipated to grow at a CAGR of 15.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 17.3% during (2022 - 2028).
Based on Type, the market is segmented into Robotic Arm, Traditional Robots, and Exoskeleton. Based on End-Use, the market is segmented into Industrial, Residential, and Commercial. Based on Function, the market is segmented into Material Handling, Demolition, Bricklaying, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Construction Robots Market will Hit $2.7 Billion by 2028, at a CAGR of 17%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Ltd, Ekso Bionics Holdings, Inc., Autonomous Solutions, Inc., Husqvarna AB, Komatsu Ltd., Cyberdyne, Inc., FBR Ltd, Conjet AB (Gulfstream Nordic Holdings AB), MX3D B.V., and Brokk AB (Lifco AB).
By Type
By End-Use
By Function
By Country
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