PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461402
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1461402
Global bricklaying robot market is estimated to be valued at USD 122.7 Mn in 2024, and is expected to reach USD 311.2 Mn by 2031, growing at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2023/2024: | US$ 122.7 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 14.20% | 2030/2031 Value Projection: | US$ 311.2 Mn |
Bricklaying robots are automated machines that are designed to perform masonry tasks such as laying bricks. These use advanced sensing, vision and robotic technologies to automate the bricklaying process which traditionally requires human labor. The robot increases productivity by enabling non-stop operations and consistent quality of brickwork. It can lay several hundred bricks per hour as compared to around 50-100 bricks for humans. This reduces construction time and labor costs substantially. With rapid urbanization and growth in infrastructure building globally, bricklaying robots are increasingly being adopted in commercial construction projects to address shortage of skilled labor and improve efficiency.
Global bricklaying robot market growth is driven by growing demand for automation in construction due to rising labor costs and shortage of skilled workers. Automated bricklaying reduces reliance on human labor, improves safety, and ensures consistent quality of brickwork. Recent technological advancements have made robots smarter, faster, and capable of working in tandem with humans. This has increased their adoption rates especially in developed markets. However, high initial acquisition and maintenance costs of these robots restrain their widespread adoption. Ongoing research & development activities aim to make robots affordable, flexible and compatible with existing construction sites which can create lucrative opportunities. Lack of standardizations and difficulties incorporating robots into existing construction processes remains a challenge.
This report provides in-depth analysis of the global bricklaying robot market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global bricklaying robot market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include BROKK GLOBAL, Husqvarna, Komatsu Ltd., Ekso Bionics, Fujita Corporation, Construction Robotics, FBR Ltd, Autonomous Solutions Inc., Conjet, CYBERDYNE, Giant Hydraulic Tech, CyBe Construction
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global bricklaying robot market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bricklaying robot market
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