Market Leader - construction-robot-market
The construction robot market is expected to grow from USD 78.6 Million in 2018 to USD 166.4 Million by 2023, at a CAGR of 16.8% between 2018 and 2023. The construction robot market is highly competitive with the presence of numerous big and small players. The market is dominated by the companies in Europe, followed by those in APAC and the US. While the big players dominate the market through their brand image, the small players offer low-cost components and generate pricing pressure in the market. As of 2017, the construction robot market was dominated by Brokk (Sweden), Husqvarna (Sweden), Ekso Bionics (US), Komatsu (Japan), Fujita (Japan), Construction Robotics (US), Fastbrick Robotics (Australia), Autonomous Solutions (US), Conjet (Sweden), TopTec Spezialmaschinen (Germany), Apis Cor (Russia), nLink (Norway), Yingchuang Building Technique Co. (WinSun) (China), Advanced Construction Robotics (US), MX3D (Netherlands), CyBe Construction (Netherlands), CYBERDYNE (Japan), Giant Hydraulic Tech (China), Alpine Sales and Rental (US), and Beijing Borui Intelligent Control Technology (China).
Most players have adopted the strategies of product launches and expansions to introduce new products to strengthen and diversify their product portfolios and to cater to the unmet and growing needs of customers with increasing geographic reach and strengthen their position in the global market. Other strategies adopted by these players include acquisitions, partnerships, and collaborations. These strategies have been adopted to diversify product offerings and technology portfolios, expand sales and distribution networks, reduce manufacturing costs, and increase market shares.
Brokk engages in the manufacturing of demolition robots and machinery with high technical specifications. The company was founded in 1976 and is headquartered in Skellefteå, Sweden. Currently, Brokk operates as a wholly owned subsidiary of the investment company Lifco (Sweden). The quality management system of the company is approved by Lloyd's Register Quality Assurance (UK) and is an ISO 9001 certified company. Brokk has a huge product portfolio comprising various remote-controlled demolition robots. As a core business strategy, Brokk focuses on the organic growth strategy of product launch to grow in the market. Between 2016 and 2018, the company launched various products, including Brokk 500 demolition robot; Brokk 120 Diesel, a compact demolition robot; and Brokk 110 and Brokk 280 demolition robots. The company has developed various demolition robots with high-speed functionality and low power consumption; such developments boost the profit margins of the company’s construction robotic products worldwide.
Husqvarna engages in the development and sale of machines and diamond tools for the construction and stone industry. The company is also involved in the production of outdoor power products for the forest, park, and garden care. The company was founded in 1689 and is headquartered in Stockholm, Sweden. Husqvarna operates through 4 major business divisions Husqvarna, Gardena, Consumer Brands, and Construction. The Construction Division of Husqvarna deals with the professional equipment and diamond tools for sawing, drilling, grinding, polishing, and demolishing concrete, steel, and other hard materials, such as stone, masonry, tile, and asphalt. Husqvarna has over 325 years of experience and a wide geographic presence across all the continents. Also, Husqvarna adopted inorganic growth strategies in recent years. For instance, in December 2017, Husqvarna Group’s Construction Division acquired the Light Compaction and Concrete Equipment business of Atlas Copco (Sweden).
Related Reports:
Construction Robot Market by Type (Traditional, Robotic Arm, and Exoskeleton), Automation, Function, Application (Public Infrastructure, Commercial and Residential Buildings, Nuclear Dismantling and Demolition), and Geography - Global Forecast to 2023
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