According to the recent research report, By the end of the year 2023, the worldwide construction robots market profit is expected to reach a market size of USD 165 million, having grown at a compound annual growth rate (CAGR) of 17 percent during the forecast timeframe of 2020–2027. Because the construction industry is adopting robotics for commercial building, restoration, and deconstruction, the building robots market is gaining momentum. Building occurs in an unorganized setting, which may pose a number of risks to employees' health and safety. Construction robot Market provide a number of benefits, including increased safety, improved quality, and increased production. Many different kinds of construction robot Market are poised to enter the construction robot market in order to undertake a wide range of building activities and jobs, including demolition and excavation. Developing prototypes for structures and 3D bridge models using a 3D printing robot facilitates the creation of complicated design structures while saving time and money for construction businesses.
Also of note, it seems that the pairing of 3D printing with industrial robots is becoming an increasingly popular choice among those working in the construction business. The use of autonomous construction equipment such as bulldozers, loaders, winches, and shovels is gaining steam as the construction industry strives to increase efficiency and effectiveness. Other construction robots, such as those used in manual labor and masonry, help to increase the pace and quality of the task. Building destruction robots are another form of building robots that is gaining favor among the general public as a means of dismantling concrete beam elements of a house at the end of its useful life cycle.
This report contains all the information on the global construction robot market research and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors.
Construction Robot Market Covid 19 Analysis:
It is projected that the market for construction robot Market would profit from the growth in construction activity. Furthermore, it is anticipated that the COVID-19 pandemic will have a damping impact on the market across the forecast timeframe, with the effect being most noticeable over the latter time when businesses may face a downturn. The need for construction robots, on the other hand, may rise as a result of safety concerns such as social alienation.
Construction Robot Market Dynamic:
Building skyscrapers and mixed-use projects, due to the implementation of automated processes by building companies, and a scarcity of skilled labor in advanced nations are among the factors propelling construction robot market growth.
Another factor assisting in the expansion of construction robot Market is the need to shorten construction times for new building projects. Since the introduction of robotic welding technologies on Japanese worksites, the amount of time spent welding has decreased substantially. One company in the nation has created a technology that welds steel beams for construction with the help of two six-axis robots. Because the I-beams were chopped and soldered before even being supplied to the building site, only a minimal amount of welding is required on the construction site.
One of the obstacles to the widespread use of construction robots is the high expenses involved with obtaining and maintaining the necessary technology and equipment. The procurement of the technologies, as well as the deployment of the technology solutions, is expensive. As a result, only enterprises with a constant turnover and strong market competitiveness can afford to invest in these innovations.
Initial high expenses, as well as construction businesses' reluctance to embrace robotic technologies and automation as a result of the high level of spending in research and development, are some of the issues facing the global construction robot market sales.
Unmanned aerial vehicles (UAVs), commonly known as drones, are being used in the construction sector as a consequence of advancements in industrial robotics. UAVs are unmanned aircraft vehicles that fly above the ground and collect data. Generally, unmanned aerial vehicles (UAVs) are utilized for health & security inspections, site surveys, data collection for huge sites, and entering hazardous zones. Product developments using exoskeletons are also likely to have an influence on the worldwide building sector.
Exoskeletons are wearable mechanical outfits that are worn beyond the worker's clothes to assist in the lifting of construction machines, equipment, and materials. Exoskeletons are also used in space exploration. Designed to increase human capability, overcome physical limitations, and aid employees in their daily jobs, these suits are worn by soldiers and other military personnel. According to a recent survey, over 40 businesses across the globe are now developing exoskeletons for use on their different construction sites.
According to the reports, the global construction robot market is segmented on the basis of design type, automation, function, verticals, and region. The market is categorized based on design type into three categories: standard robots, robotic arms, and exoskeletons. The market is divided into two categories based on automation: completely autonomous and semi-autonomous. The market is categorized based on function into the following categories: concrete structural erection, bricklaying, doors and windows installation, demolition, 3D printing, finishing work, and others. The market is split according to vertical, with public infrastructure, commercial and residential structures, nuclear dismantling and destruction, and others being the most prominent.
Construction Robot Market Segmentation Overview:
The market is segmented on the basis of design type, automation, function, verticals, and region. The global construction robot Market business is expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into concrete structural erection, bricklaying, doors and windows installation, demolition, 3D printing, finishing work, and others.
Based on the propulsion types, the market is segmented into public infrastructure, commercial and residential structures, nuclear dismantling and destruction, and others.
Construction Robot Market Regional Analysis:
According to the reports, According to estimates, the worldwide market for global construction robots market would develop at a large pace over the projection period of 2018 to 2023. It is determined that North America, Europe, Asia-Pacific, and the rest of the globe are the most promising regions for user behavior monitoring market development. At the moment, the Asia-Pacific region dominates the worldwide construction robot market, owing to the widespread use of robotics in the industrial and quarrying sectors in countries such as Australia, China, India, Malaysia, and Vietnam, among other nations. Furthermore, Japan has been a leader in the employment of robots in the construction robot industry ever since the 1980s, when it began automating building processes. The need for construction and demolition of robots in different facilities, the rising number of federal restrictions, and the increase in domestic and non-residential building projects are all likely to drive the development of the European construction robot market.
Additionally, the construction robot market in North America is intended to complete self-sustaining growth all through the forecast time frame, owing to a scarcity of skilled labor, a need for overall waste decrease, the need for accuracy and control in manufacturing, increased worker protections, including the use of drone attacks on building sites, among other factors.
Significant players continue to innovate and make significant investments in research and development in order to provide a cost-effective product selection. Current mergers and acquisitions have taken place among the important competitors, a tactic that commercial organizations are using to expand their access to clients.
Construction Robot Market Major Key Players:
The following report comprises –
Construction Robot Market Overview
Rugged unveiled its layout printing building robot in August 2021 at the Robot Expo. With the help of a construction company called Consigli, the company developed blueprints for the building projects of a ten-story building, with the robot serving as the primary designer.
A modular design strategy was used in the development of Printstones' versatile construction robot, which was released in April 2021 by an Austrian startup. The robot is capable of climbing stairs and driving through doors, and it is powered entirely by electricity.
Construction Robot Market Segments:
|Market Size||USD 165 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Design Type, Function|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Brokk AB (Sweden), Husqvarna (Sweden), Esko Bionics (U.S.), Komatsu (Japan), Conjet AB (Sweden), TopTec Spezialmaschinen GmbH (Germany), Construction Robotics (U.S.) Fastbrick Robotics (Australia), Autonomous Solutions (US), Apis Cor (Russia), nLink (Norway), Yingchuang Building Technique Co. (WinSun) (China), Advanced Construction Robotics (US), MX3D (Netherlands), CyBe Construction (Netherlands), Cyberdyne (Japan), Giant Hydraulic Tech (China), Alpine Sales and Rental (US) and Beijing Borui Intelligent Control Technology (China).|
|Key Market Opportunities||Growth in skyscrapers and mixed-use building projects, adoption of automation by construction companies, and lack of workforce in the developed countries are some of the factors driving the growth of the global construction robot market.|
|Key Market Drivers||The drive to improve operational efficiency on construction sites, the adoption of autonomous construction vehicles like bulldozers, tractors, cranes, and excavators is gaining momentum.|
TopTec Spezialmaschinen GmbH (Germany), Conjet AB (Sweden), Autonomous Solutions (US), Construction Robotics (U.S.) Fastbrick Robotics (Australia), Yingchuang Building Technique Co. (WinSun) (China),Apis Cor (Russia) and nLink (Norway) are the notable competitors in the market.
The segments of public infrastructure, commercial, and residential buildings have a considerable pull on the global market.
USD 165 million approx. is expected to be garnered by the market by 2023.
The APAC region shows the potential for unparalleled market growth.
A 17% CAGR is expected to induce favorable development of the market.