Global Construction Robots Market Research Report: Forecast (2023-2028)
Market Definition
The construction robot is a type of industrial robot utilized in the construction industry for performing various functions such as demolition, 3D printing, brick layering, etc., with the help of integrated sensors, Artificial Intelligence (AI), and Machine Learning (ML). The technologies integrated into the robotics equipment allows the robotic system to recognize the building elements & match them to building information modeling (BIM) data in a variety of situations. The construction robot equipment has been able to reduce the risks associated with construction sites by tracking the obstacles with the help of integrated sensors. As a result of their efficiency, improved precision, and time-saving features, construction robots have seen an increase in demand in recent years.
Market Insights & Analysis: Global Construction Robots Market (2023-28)
The Global Construction Robots Market is projected to grow at a CAGR of around 16.8% during the forecast period, i.e., 2023-28, owing to the rising construction of residential, commercial, and public infrastructures. The adoption of construction robots has resulted in the displacement of humans from the construction workforce. Due to increased productivity & quality, robots have contributed significantly to the growth of the industry. These robots are used to perform essential tasks on construction sites, such as positioning, tunneling, and demolishing. Construction robot equipment is used for a variety of purposes in the construction industry, including demolition, 3D printing, brick layering, etc., allowing for the most efficient use of resources in the shortest period.
Report Coverage | Details |
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Study Period | Historical Data: 2018-21 |
Base Year: 2022 | |
Forecast Period: 2023-28 | |
CAGR (2023-2028) | 16.8% |
Regions Covered | North America: US, Canada, Mexico |
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
South America: Brazil, Argentina, Rest of South America | |
Middle East & Africa: The UAE, Saudi Arabia, South Africa, Israel, Rest of MEA | |
Key Companies Profiled | 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, Others |
Unit Denominations | USD Million/Billion |
Furthermore, the burgeoning demand for modern construction technologies for various construction activities has resulted in the development of new robotics equipment, such as plastering robots, welding robots, and others. These robots increase productivity by reducing construction time & overall operational costs. They are used in activities such as structure & building demolition, as well as improve worker safety & security in harsh working conditions. These robots aid in the prevention of errors caused by human factors such as carelessness, exhaustion, or a lack of attention. In addition, specially designed robots can work in dull, cluttered, and airless environments that are hazardous to human health.
Besides, the booming construction industry, combined with rapid industrialization, is a major contributor to market growth. The increasing construction of megastructures & high-quality infrastructure has heightened the need for construction robots to compensate for a skilled labor shortage. Moreover, they are used to create bridge models & build prototypes that simplify the construction of intricate designs to save time & resources.
Robotic technology is changing the way the construction industry builds homes, buildings, and other infrastructure. Therefore, the expanding construction industry would be a major factor driving demand for the Construction Robot market during the forecast period.
Global Construction Robots Market Key Trend:
Introduction of New Types of Robots for Plastering Purposes in Construction Industries - The introduction of new types of robots for plastering purposes in the construction industry has been one of the latest technology driving the Global Construction Robots market across the globe. The autonomous plastering robot has been able to reduce ergonomic problems and the costs related to the spray plastering of the interior walls. The equipment consists of a ‘robot arm, for spray plastering purposes, and a ‘range-measuring laser scanner’ for positioning and measuring the dimensions of the room, wall, door, and window.
The introduction of this robotic equipment has been able to save time and rate of hallowing in the plasters of the wall as the plastering is done with the help of robotic equipment has reduced the hallowing rate by around 0.7%-1.2% as compared to manual plastering. Thus, the companies such as Hyundai Engineering and Weijian Technology have been developing this type of robotic equipment owing to its growing application in the market.
Global Construction Robots Market (2023-28): Segmentation Analysis
The Global Construction Robots Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the Application, and End-User the market has been further classified as:
Based on Application:
The requirement for construction robots for demolition purposes holds a significant share of the Global Construction Robots market. The demand for robotic equipment increased for the demolition segment as demolition has been a very time-consuming & hazardous process when performed through manual labor. Thus, the implementation of robotics equipment has been able to increase safety and reduce the time, cost, and risk prevailing with manual workers in the construction industry.
According to the Robotic Industries Association 2020, demolition robots account for roughly 90% of the total construction robot market. Thus, owing to the robust growth in the demolition segment and companies such as Brokk and Husqvarna have been developing various construction robots’ equipment for providing optimum safety to the workers and operators.
Based on End-User:
The residential sector accounts for a considerable share of the global construction robots market attributed to the rising construction of residential buildings, apartments, villas, and homes across the globe. Construction robots are widely used on construction sites to reduce construction time and avoid wastage of the building's materials.
The primary reasons for the construction of residential buildings and houses are the surging population, and the growing migration of the population towards the urban areas for employment, education, and improved standard of living. Around 68% of the global population is expected to live in urban areas by 2050, and 90% of global urban migration would be concentrated in Africa & the Asia-Pacific regions only, as reported by the United Nations. In addition, the increasing disposable income is expected to augment home occupancy, which, in turn, would soar the construction of residential buildings and apartments. For instance:
Global Construction Robots Market Regional Projection
Geographically, the Global Construction Robots Market encompasses five regions:
The North American region is expected to dominate the Global Construction Robots market owing to the rapid construction of commercial & residential buildings, and infrastructure. The growing advancement in the technology related to construction robots in countries such as the US and Canada has also been the prime factor leading to the growth of the construction robots market in the region. In 2021, Purdue University innovators developed a novel construction robotic system that includes innovative mechanical design with advances in computer vision sensing technology to work on a construction site.
Moreover, the presence of high economic countries such as the USA and Canada would thrive the market of Construction Robots in the forecasted period as the purchasing & utilization of robotic equipment incur the high initial cost, maintenance costs, and timely up-gradation of the integrated technologies in the automotive construction equipment.
In addition, the scarcity of manual labor in the construction industry would also boost the market for construction robots in the North American region. According to the “Associated General Contractors of America”, 70% of contractors in the US struggle to hire skilled craft workers. Thus, the shortage in the manual workforce in the Construction Industry would create an opportunity for the expansion of Construction Robotic equipment in the forecasted period.
Global Construction Robots Industry Recent Developments
Global Construction Robots Market Key Driver:
Surging Construction of Residential & Commercial Buildings - The development of construction robots inbuilt with smart technologies such as AI, sensors, scanners, etc., has reduced the time for construction activities. Thus, construction companies are now inclined toward construction robot equipment for doing activities such as bricklaying, 3D printing, demolition, etc. In addition, the increase in population and surging tourists have led to the growth in the construction of residential buildings and hotels across the globe.
Moreover, the surging investment by the governments for the expansion of public infrastructure such as roads, rail lines, metro, etc. has augmented the demand for construction robots. Hence, the rising construction activities through the expansion of residential & commercial buildings and infrastructures across regions would beef up the market of Global Construction Robots during the forecasted period. For instance:
Global Construction Robots Market Growth Restraints:
High Acquisition & Maintenance Costs - The huge cost associated with the acquisition of robotics construction equipment has been one of the major challenges associated with this market. The development of robotics equipment includes the integration of technology and sensors in an autonomous equipment vehicle which is prone to high cost. The procurement and deployment of technologies in the vehicle are expensive, thus it has only been adopted by companies with significant turnover such as Brokk.
Moreover, the robotic equipment requires time-to-time maintenance and servicing which also incurs additional costs to the bearer. Hence, the high initial cost, maintenance, cost, and up-gradation of integrated technologies have been a barrier to the growth of the Global Construction Robots Markets.
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Frequently Asked Questions
A. The Construction Robots Market is projected to grow at a CAGR of around 16.8% during 2023-28.
A. The Residential segment are anticipated to emerge as an opportunity area for the leading players in the market during the forecast period.
A. The growing automation at the construction sites due to advancement in technology would be the growth opportunity driving the Construction Robots Market through 2028.
Global Construction Robots Market Research Report (2023-2028) - Table of Contents