Construction companies welcoming their new robot workers are driving the global market
From Cryptocurrencynews. Application of the robotics technology in a wide range of production processes across the globe has led to rise in the adoption of the technology at a rapid pace. In the last few years, robots are also being utilized in the construction industry. The construction robots market is projected to expand at a CAGR of 10.4% during the forecast period and reach value of US$ 470.61 Mn by 2026.
The construction industry is one of the least automated industries, as it features manual-intensive labor as a prime source of production. Whether it is new commercial construction, demolition, or renovation, robots can play an important role in a building's life cycle. Being a highly unautomated industry, the construction industry can witness a major impact with the emergence of construction robots. As construction companies are looking for automation of more and more tasks in order to increase efficiency and productivity, the demand for construction robots is likely to increase gradually in the near future. Read more here