The Latin America, Middle East and Africa Construction Robots Market would witness market growth of 19.5% CAGR during the forecast period (2022-2028).
In the construction sector, buildings are typically demolished by demolition robots near the end of their useful lives. They are a new generation of industrial service robots that have the ability to destroy construction materials by employing a range of end-of-arm instruments like breakers, crushers, drills, or buckets. Several of these robots have a miniature excavator or digger that can fit through small doors and stairwells while still being able to deliver a forceful blow.
They are available in a range of sizes, attachments, and operating modes for buildings and structures. The construction of these mobile robots prioritizes mobility and safety. This equipment is built so that the operator doesn't have to sit on it, unlike a backhoe, skid-steer, or excavator. This enables the user to remotely operate a tiny machine from such a distance and do demolition operations in a cutting-edge and useful manner.
It is expected that the value of the construction industry in the United Arab Emirates will increase by between 3.7 and 4.7%. Growth will mostly be fueled by the nation's development plan, which is focused on enhancing the country's industrial, transportation, and energy infrastructure. As part of the Projects of the 50 program, the UAE government announced intentions to carry out a number of projects in order to draw $149.8 billion in foreign direct investment (FDI) over the next nine years. Throughout time, the need for housing and real estate, the requirement for infrastructure to support a rising population, and the desire to open up communities to encourage interstate and interregional commerce and mobility have all contributed to the expansion of the construction sector in Nigeria. The LAMEA region is predicted to have developed in the construction robot market due to the rising demand for real estate.
The Brazil market dominated the LAMEA Construction Robots Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $61.3 Million by 2028. The Argentina market is experiencing a CAGR of 20.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 19.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Construction Robots Market is Projected to reach USD 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).
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