Construction Cobot Market Scope
Cobot or collaborative robot is widely used across various industries to perform different tasks. In the construction industry cobots are commonly used for various tasks repetitive motions or high vibration tasks that can lead to injuries in workers. It is highly utilized for transportation of heavy materials or equipment and inspection of areas where human access is difficult. Many large-sized industries are looking for advanced technologies to generate growth and maximize ROI and solve the labor shortage. Cobots exist with human beings within shared space or where humans and robots are in close proximity.
The Construction Cobot market study is segmented by Type (Power and Force Limiting, Safety Monitored Stop and Speed and Separation), by Application (Logistics, Prefabrication, Assembly and Inspection) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Novarc Technologies (Canada), Universal Robots (Denmark), ABB (Switzerland), Epson (Japan), Doosan Robotics Inc. (South Korea), Locus Robotics (United States) and OMRON Corporation (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Construction Cobot market by Type, Application and Region.
On the basis of geography, the market of Construction Cobot has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Increasing Development of Hybrid Collaborative Robots to Maintain High Standards of Craftsmanship
Market Drivers
- Increased Application of Automation and Robotics in the Construction Industry to Increase Worker Safety and Productivity
Opportunities
- Worker Shortage Issues in the Construction Industry and High Growth of Infrastructural Developments Worldwide
Restraints
- High Cost of Construction Cobot and Associated Maintenance Cost
Challenges
- Collaborative Robots Can’t Work Without Human Assistant and Supervision
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Construction Cobot Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others