Topic: construction robots market

The Global Construction Robots Market is poised for substantial growth, with a valuation of US$ 91.2 million in 2021 and an estimated CAGR of 15.3% from 2022 to 2031, reaching a projected value of US$ 359.6 million by the end of 2031, according to the latest market report. The construction industry, traditionally reliant on manual labor, is undergoing a transformative shift towards automation to address challenges such as labor shortages, environmental impact, and the need for cost-effective and...

The global construction robotics market experienced a robust growth in 2020, and this trend is expected to continue in the coming years with a steady revenue Compound Annual Growth Rate (CAGR). This growth is driven by the increasing urbanization, the penetration of automation, and the growth of construction and demolition operations. Government investments in infrastructure development projects, such as roads, highways, and bridges, are also driving the demand for construction robotics, support...