The demolition robot market has witnessed significant growth over the past decade, due to increased adoption in construction and infrastructure sector for demolition of old and unsafe construction and structures. Rapid urbanization and industrialization in developing and developed countries has resulted in rise in residential and non-residential construction, which is expected to push the growth of the demolition robot market during the forecast period. A number of players are expanding their business through acquisition and partnership to strengthen their foothold in the global market.
By application, the construction segment dominated the demolition robot market in 2019, in terms of revenue. This is attributed to the fact that demand for demolition robot is increasing, owing to rise in safety concerns related with manual demolition using traditional demolition equipment. Depending on product type, the large segment is expected to grow at the highest CAGR during the forecast period.
Demolition robots are the specially designed robots, which can be operated from the distance with the help of remote control. Use of demolition robots is a safer alternative for the manual demolition of the concrete structure. Demolition robots are available in various sizes, powers, and attachments. They can be fit in small space and can complete the demolition work smoothly. Safety is a major concern in the demolition operation at any construction sight.
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The outbreak of COVID-19 has made a negative impact on the demolition robot market, this is expected to hamper the growth of the market throughout the year. This has further affected the demand for demolition robots from developing countries, including India, China, and others; thereby, halting the production activities. In addition, the disruption of supply chains is causing hindrance in production of the demolition robots around the globe.
The demolition robot market is projected to grow in coming
years, due to advanced technologies and introduction of high-performance robots
in the global construction machinery market. The demand of demolition robots is
growing in the reconstruction and construction services industry, from emerging
countries. High demand for reconstructions from urban areas in the developed
and emerging countries drives the market growth.
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Key Findings of The Study
- The report provides an extensive analysis of the current and emerging demolition robots market trends and dynamics.
- Depending on type, the large segment dominated the demolition robots market, in terms of revenue in 2019 and is projected to grow at a significant CAGR during the forecast period.
- By application, construction segment has garnered highest share of revenue in 2019
- By sales, the new equipment sales segment registered highest revenue in 2019.
- LAMEA is projected to register the highest growth rate in the coming years.
- The key players within the demolition robot industry are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the demolition robot industry.
- The report provides an extensive analysis of the current trends and emerging opportunities of the market.
- In-depth demolition robots market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
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