Industry Overview of Demolition Robot Market
A demolition robot is utilized to perform several tasks, such as tearing down walls, breaking down structures, removing debris, etc. It is manufactured by using metal and electronic components, including steel plates, beams, motors, and sensors. A demolition robot is operated by utilizing a remote control, which enables the operator to control the movement and actions. It enhances the safety and security of workers in hazardous working environments. A demolition robot is used to efficiently and safely perform tasks that can be dangerous and challenging for human workers. In line with this, it also finds extensive applications in removing hazardous materials, the decommissioning of nuclear facilities, and other specialized tasks.
How Big Is the Demolition Robot Market?
The global demolition robot market size reached US$ 357.90 Million in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 838.26 Million by 2028 exhibiting a CAGR of 14.91% during 2023-2028.
Global Demolition Robot Market Trends and Drivers:
The growing renovation and remodeling activities of hotels, offices, shopping malls, airports, homes, educational institutions, etc., and the construction industry are primarily driving the demolition robot market. Additionally, the widespread adoption of wireless networks, radios, and satellite links that allow operators to safely control the robot from a distance and minimize the risk of injury to workers is further bolstering the market growth. Besides this, the launch of favorable policies by government bodies to improve safety and reduce the environmental impact of demolition projects is acting as another significant growth-inducing factor.
Moreover, the development of smart cities by government bodies is positively influencing the global market. Apart from this, the increasing integration of sensors, such as radio detection and ranging (RADAR), light detection and ranging (LiDAR), camera systems, etc., with the demolition robots that help in detecting obstacles, navigating and mapping the environment, avoiding potential hazards, etc., is also stimulating the market growth. Furthermore, the rising number of mining activities is anticipated to fuel the demolition robot market over the forecasted period.
Key Market Segmentation:
The report provides detailed segmentation of the global demolition robot market based on based on product type, sales type, and application.
Product Type Insights:
- Mini
- Medium
- Large
Sales Type Insights:
- New Equipment
- Aftermarket
Application Insights:
- Construction
- Mining
- Tunnelling
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Brokk AB, Conjet AB, Epiroc Finland Oy Ab, Giant Hydraulic Tech Co. Ltd., Husqvarna AB, Keman, McCann Industries Inc., and TopTec Benelux BVBA.
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