South Korea Construction Robots Market Size & Outlook
South Korea construction robots market, 2017-2030 (US$M)
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South Korea construction robots market highlights
- The South Korea construction robots market generated a revenue of USD 62.8 million in 2023 and is expected to reach USD 194.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, demolition was the largest revenue generating function in 2023.
- Demolition is the most lucrative function segment registering the fastest growth during the forecast period.
Construction robots market data book summary
| Market revenue in 2023 | USD 62.8 million |
| Market revenue in 2030 | USD 194.7 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Demolition |
| Fastest growing segment | Demolition |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Demolition, Bricklaying, 3D Printing, Concrete Structural Erection, Finishing Work, Doors and Windows Installation |
| Key market players worldwide | ABB Ltd, Ekso Bionics Holdings Inc, Husqvarna Group, FBR Ltd, Advanced Construction Robotics, Brokk, Autonomous Solutions, MX3D |
Other key industry trends
- In terms of revenue, South Korea accounted for 5.5% of the global construction robots market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China construction robots market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 371.5 million by 2030.
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Construction Robots Market Scope
Construction Robots Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea construction robots market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to construction robots market will help companies and investors design strategic landscapes.
Demolition was the largest segment with a revenue share of 26.11% in 2023. Horizon Databook has segmented the South Korea construction robots market based on demolition, bricklaying, 3d printing, concrete structural erection, finishing work, doors and windows installation covering the revenue growth of each sub-segment from 2017 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea construction robots market, including forecasts for subscribers. This country databook contains high-level insights into South Korea construction robots market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea construction robots market report size, by function, 2017-2030 (US$M)
South Korea Construction Robots Market Share, 2023 & 2030 (US$M)
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