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

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.

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