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Global Demolition Robot Market to Grow at a CAGR of 16.30% During 2022-2027, Driven by Technological Advancements

According to a new report by EMR titled, ‘Global Demolition Robot Market Report and Forecast 2022-2027’, the market attained a value of about USD 317.72 million in 2021. The industry is further expected to grow at a CAGR of 16.30% in the forecast period of 2022-2027 to reach a value of nearly USD 786.18 million by 2027.

The Asia Pacific region is expected to hold a significant share in the overall market growth of demolition robots.  This can be attributed to a rise in construction activities, infrastructural development, and supportive government policies. In addition, rapid urbanisation and industrialisation in emerging nations such as India, Bangladesh, Russia, and China have resulted in an increased demand for new constructions and renovation of old constructions, which, in turn, is expected to bolster the demand for demolition robot, and hence augment the growth of the market. Furthermore, the advancements in technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) in various sectors have increased the adoption of the demolition robots in the construction sector.  Moreover, the market is expected to be defined with the introduction of high-performance robots in the global construction and reconstruction industries.

Brokk Inc., a leader in the global market for demolition robots, recently launched a Brokk Connect 2.0, in February 2021. Brokk Connect is an online platform developed by the company that includes both hardware and software, which is required to meet the specific requirements of the operation and management of demolition robots. Brokk Connect 2.0 is an updated version which includes several new features such as sophisticated geofencing function, user customisation of the platform, and a new weekly status report. These features allow the users to operate remotely. Such developments by leading market players are furthering the growth of the market. The market growth can further be characterised by the expansion strategies employed by market players like Husqvarna Group (STO: HUSQ-B).

Market Analysis by Product Type, Application, Sale, and Region:

  • The market, on the basis of product type, can be divided into mini, medium, and large.
  • Based on application, the market can be segmented into construction, mining, and tunnelling.
  • On the basis of sales, the  market can be segmented into new equipment sales and aftermarket sales.
  • The regional markets for demolition robot are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Rising construction and reconstruction projects on account of inflating disposable incomes and innovations in designs are promoting the growth of the market.
  • The rising adoption of demolition robots to enhance productivity, save time, and ensure the safety of workers is invigorating the growth of the market. 
  • Advancements in digital technology such as the IoT and AI is providing impetus to the market growth of demolition robot.
  • The compact designs of the robots, which enable them to operate in small spaces, is a major factor fuelling the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global demolition robot industry for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the product types, applications, sales, and major regions of demolition robot.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global demolition robot market are Brokk Inc., Conjet AB, Husqvarna Group, Darda GmbH, and Sherpa Mini-loaders B.V., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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