AP NEWS
Related topics

Construction and Demolition Robots - EMEA Dominates the Market | Technavio

April 4, 2018

LONDON--(BUSINESS WIRE)--Apr 4, 2018--The latest market research report by Technavio on the global construction and demolition robots market predicts a CAGR of over 9% during the period 2018-2022.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180404006101/en/

Technavio has published a new market research report on the global construction and demolition robots market from 2018-2022. (Graphic: Business Wire)

The report segments the global construction and demolition robots market by application (heavy/civil construction, building construction, and nuclear dismantling and demolition), by products (construction robots and demolition robots), and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global construction and demolition robots market, according to Technavio industrial automation researchers:

  • Lack of manpower in developed countries: a major market driver
  • Growth in skyscrapers and mixed-use building projects: emerging market trend
  • EMEA dominated the global construction and demolition robots market with 55% share in 2017

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy2 reports and get the third for FREE: View all Technavio’s current offers

Lack of manpower in developed countries: a major market driver

The growing labor shortage faced by construction firms and contractors across several developed markets, such as the US, Europe, and Australia is a major challenge in the construction market. The shift of manpower from jobs that require physical labor toward more intellectual and white-collar jobs has added to this challenge. The young generation is not interested in construction jobs which is leading to less number of young workers to replace those who are retiring from the construction industry. It is becoming very difficult for the businesses in the construction industry to hire workers for site jobs in these markets. This proves to be a major factor driving the adoption of construction robots during the forecast period.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Growth in skyscrapers and mixed-use building projects: emerging market trend

The growing need for infrastructure, such as condominiums, offices, multi-family homes, hospitals, and hotels can be attributed to the rise in the global population and increasing urbanization. This has resulted in the demand for land that is beyond availability. This has given rise to skyscrapers, which are tall and habitable buildings with multiple floors that can accommodate many floors in a relatively smaller area of ground surface due to their immense heights.

According to a senior analyst at Technavio for research on robotics, “There are several on-going high-rise projects, which are expected to be completed during the forecast period. Several of these skyscraper projects are mixed-use developments. They can be used for urban developments with a blend of residential, commercial, cultural, institutional, or entertainment uses, where all the functions are physically and functionally integrated, thus, providing pedestrian connections. Construction activities are expected to give rise to demand for construction and demolition robots during the forecast period.”

Global market opportunities

In terms of regional dominance, EMEA led the global construction and demolition robots market, followed by APAC and the Americas in 2017. EMEA is expected to continue dominating the market. APAC will witness the highest growth due to huge investments in infrastructure development during the forecast period.

 

LONDON--(BUSINESS WIRE)--Apr 4, 2018--Technavio’s best deals of the month!

Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the

Health and Wellness category for the entire month.

OR

Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Spacecategory. Offer valid from 16th April for a limited period.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180404006101/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE INTERNET SOFTWARE OTHER TECHNOLOGY URBAN PLANNING CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER CONSTRUCTION & PROPERTY

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 04/04/2018 02:17 PM/DISC: 04/04/2018 02:17 PM

http://www.businesswire.com/news/home/20180404006101/en

AP RADIO
Update hourly