The Global Construction Robots Market is projected to grow at a CAGR of around 16.8% in the forecast period of 2023-28, reveals MarkNtel Advisors in their recent research report. The market's expansion is primarily driven by the increased construction of residential and commercial buildings around the world. The use of construction robot equipment has replaced human labor on the construction site, resulting in minimal waste of raw materials during the construction process.
Moreover, the construction robot equipment has been performing various functions such as demolition, 3D printing, brick layering, and many more, which has aided in promoting safety and reducing the time spent on manual labor. As a result, the advantages of construction robots over traditional methods in construction activities are expected to increase customer adoption of these robots.
In addition, the increase in the global population & tourist influx has propelled the growth of construction activities such as the construction of residential buildings, hotels, malls, corporate offices, etc. Moreover, the surging investment by countries, including China, the US, India, Australia, etc., for the expansion of infrastructures such as roads, rail lines, metros, and others has generated the demand for construction robot equipment across the globe, hence fueling market growth.
Demolition Segment Acquired a Significant Share of the Global Construction Robots Market
Based on the application, the market bifurcates into Demolition, 3D Printing, Bricklaying, and Others (Material Handling, Surveillance, Masonry, etc.). Among them, the Demolition application is expected to dominate other applications, owing to easy access & safety. The demolition of buildings or infrastructure has been a hazardous & time-consuming process when performed by the human workforce. Moreover, the implementation of construction robotic equipment has been able to cater to these challenges efficiently leading to the growing demand for construction robots for demolition purposes.
The construction robots can be handled from distant places & could perform its task the whole day and night without breaks, which increases the applicability of construction robots in the construction industry. Thus, the demolition segment is anticipated to positively affect the Global Construction Robots market due to the increased safety & time reduction benefits it provides to the construction industry.
North America Would Lead the Global Construction Robots Market
Geographically, North America is projected to hold a significant share in the Global Construction Robots Market owing to the growing construction of commercial, residential, and public infrastructures in the countries such as the US, Canada, and Mexico. The surging urban population, expatriates’ arrival, and growth in the corporate sector have been the prime factor leading to the high opportunities for construction activities. To perform tasks with less time & zero wastage of raw materials, the need for construction robot equipment would grow for various functions such as demolition, 3D printing, brick layering, etc.
Furthermore, the growing interest among end users in adopting construction robots such as plastering robots, welding robots, and so on has accelerated the development of construction robots by various organizations. In 2021, Purdue University researchers designed a unique construction robotic system for use on a building site in the US, combining innovative mechanical design with breakthroughs in computer vision sensing technologies.
In addition, the scarcity of human laborers in these regions would propel the demand for construction robot equipment during the forecasted period. According to the “Associated General Contractors of America”, 81% of contractors in the US struggled to hire skilled craft workers in 2019. Hence, the growing construction activities & absence of workers in North America would thrive the demand for construction robot equipment during the forecasted years.
Leading Companies in the Market
According to MarkNtel Advisors, the leading players in the Global Construction Robots Market are Brokk Global, Conjet AB, Husqvarna Group, Construction Robotics LLC, Fastbrick Robotics Ltd, Dusty Robotics, Apis Cor, COBOD International AS, Fujita, Ekso Bionics, Autonomous Solutions, TopTec Spezialmaschinen, Built Robotics Inc., DJI, Branch Technology, and Others.
Key Questions Answered in the Study