Global Demolition Robots Market Size By Product Type (Mini, Medium, Large), By Application (Construction, Mining, Tunneling), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Demolition Robots Market Size By Product Type (Mini, Medium, Large), By Application (Construction, Mining, Tunneling), By Geographic Scope And Forecast
Demolition Robots Market Size And Forecast
Demolition Robots Market size was valued at USD 386.6 Billion in 2024 and is projected to reach USD 499.7 Billion by 2031, growing at a CAGR of 17.4 % during the forecast period 2024-2031.
The primary drivers impacting the market’s growth are expanding urbanization and industrialization across developing nations. Additionally, the growing need for cutting-edge robots in the construction industry is anticipated to drive demand for the worldwide Demolition Robots Market. It is projected that the labor force shortfall in wealthy nations would increase market demand. In addition, a rise in demand has been brought on by the use of demolition robots due to the safety of personnel, productivity gains, and reduction in accidents.
Global Demolition Robots Market Definition
Buildings are mostly destroyed by demolition robots in the construction industry towards the end of their useful lives. These are a new breed of industrial service robots that can break through building materials using a variety of end-of-arm tools like crushers, breakers, drills, or buckets. Many of these robots come equipped with a tiny excavator or digger that can squeeze through narrow doors and stairways while still packing a powerful punch.
They come in a variety of building and structure sizes, capacities, attachments, and modes of operation. These mobile robots are built with safety and mobility in mind. Unlike a backhoe, skid-steer, or excavator, this machine is constructed so that the operator does not have to sit on it. This makes it possible for the user to carry out demolition work in a cutting-edge and practical manner while remotely controlling a small machine from a distance.
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Global Demolition Robots Market Overview
Construction is the industry where robot demolition is increasing the most. An individual’s life may be in jeopardy during the perilous task of demolishing abandoned construction sites. These robots reduce the possibility of mishaps and ensure workers’ safety. Due to the growth of the market for demolition robots, the need for the demolition of older structures has increased as a result of the increase in construction, renovation, and remodeling activities. Additionally, the adoption of the robot business has expanded due to the development of technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) in several fields.
The market is anticipated to be driven by the introduction of high-performance robots in the global building and reconstruction industries. The deployment of demolition robots is safe and efficient, which has led to a major increase in demand for the market globally. Additionally, the industry is anticipated to be supported in the coming years by the acceleration of industrialization and urbanization. The demand for the industry is predicted to increase as there are more development sites in developed areas and rising cities.
The demand on the market has been fueled by the expanding infrastructure in both developed and developing nations. Additionally, there is a big market for demolition robots due to the decline in workforce labor needed for the demolishing of construction sites in industrialized nations. However, obstacles including users’ lack of awareness, expertise, and abilities in using demolition robots can impede the market’s expansion. Furthermore, the market’s expansion may be hampered by the high initial cost connected with robot destruction.
Global Demolition Robots Market Segmentation Analysis
The Global Demolition Robots Market is segmented on the basis of Product Type, Application, And Geography.
Demolition Robots Market, By Product Type
Mini
Medium
Large
Based on Product Type, The market is bifurcated into Mini, Medium, and Large. While the tiny sector is forecast to rise at a considerable CAGR, the large segment of the product type is expected to keep the largest share.
Demolition Robots Market, By Application
Construction
Mining
Tunneling
Based on Application, The market is segmented into Construction, Mining, and Tunneling. Due to the expansion of the construction and reconstruction industries in emerging nations, the construction sector is predicted to account for the greatest proportion of the Demolition Robots Market. The industry segment for tunneling is anticipated to have the highest CAGR.
Demolition Robots Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Based on Regional Analysis, The Global Demolition Robots Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The largest portion of the market for demolition robots is anticipated to come from Europe.
Key Players
The “Global Demolition Robots Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are BROKK GLOBAL, Conjet AB, Husqvarna AB (publ), Giant Hydraulics, Epiroc, SMP, Darda, SHERPA Mini-loaders B.V., TEI ROCK DRILLS, TopTec Benelux BVBA are the leading market participants. The competitive landscape section also includes information on the key development strategies, market share analysis, and market positioning analysis of the aforementioned competitors on a global scale.
Key Developments
Mergers and Acquisitions
Following confirmation of all essential regulatory licenses and closing conditions, Danfoss completed its $3.3 billion acquisition of Eaton’s hydraulics division in August 2021.
Epiroc, a Chilean company that provides sensor-based solutions that improve mine safety and productivity by making operations smarter, announced in July 2021 that it had acquired Mining Tag S.A., a Chilean company that provides sensor-based solutions that strengthen safety and productivity in mines by making operations smarter.
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