Enhanced efficiency, safety, as well as Technological Innovations go on to propel growth when it comes to the global construction robotics market. The construction sector is witnessing quite a significant transformation with the adoption of advanced technologies such as 3D printing as well as automation, driving expansion when it comes to the global construction robotics market. The integration of automation solutions within the construction processes not only enhances productivity but at the same time also ensures higher quality as well as safety standards, hence opening new avenues as far as the growth of the sector is concerned.
The construction robotics market happened to be valued at $2.5 billion in 2019 and is all set to reach $9 billion by 2027, thereby registering a CAGR of 23.3% all through 2020 to 2027. It is well to be noted that in 2019, the surveillance segment went on to dominate the construction robotics market, that was then followed by the demolition segment.
Surveillance Segment Maintains Dominance
The surveillance segment went on to emerge as a frontrunner within the global construction robotics market in 2019, thereby capturing more than four-fifths when it came to the market share. This dominance happens to be anticipated to persist all across the forecast period, primarily driven by the widespread usage when it comes to drones for monitoring as well as supervision across the construction sites. But the 3D printing segment is all set for incredible progress, thereby projecting quite a robust CAGR of 45.4% right from 2020 to 2027, pushed by increasing awareness as well as adoption of 3D printing technology.
Residential Sector Goes On To Lead Revenue Generation
When it comes to end users, the residential segment went on to emerge as the largest contributor to the worldwide construction robotics market in 2019, comprising more than two-fifths of the market share. The segment is indeed expected to maintain its robust dominance when it comes to revenue generation all across the forecast period, with an anticipated fastest CAGR of 23.9% right from 2020 to 2027. The upsurge in automation equipment usage in residential construction activities happens to be a key factor pushing this growth trajectory.Asia-Pacific As Well As North
America Offer Profitable Opportunities
It is well to be noted that regionally, Asia-Pacific, which is closely followed by North America, happened to hold a significant market share in 2019, thereby collectively contributing to more than two-fifths of the worldwide construction robotics market. These regions are anticipated to sustain their leadership positions all through 2027, with Asia-Pacific expected to exhibit the fastest CAGR of 26.0% all across the forecast period. The decent adoption when it comes to automated equipment in construction activities pushes the growth prospects within these regions, thereby offering profitable opportunities for market players.
