Construction Robots - Global Market Outlook (2021-2028)

Construction Robots - Global Market Outlook (2021-2028)

According to Stratistics MRC, the Global Construction Robots Market is accounted for $117.69 billion in 2021 and is expected to reach $395.42 billion by 2028 growing at a CAGR of 18.9% during the forecast period. Construction robots are professional service robots currently used in the construction. Construction robots prove their worth by providing major operational cost-savings through increased uptime and decreased labour costs. It refers to construction operations that are automatically carried out by using automated construction equipment or construction robots. It is used in applications such as building and demolishing of residential, commercial, and industrial infrastructures. This robotics has reduced or completely removed human intervention from construction activities. Construction robots are used in activities such as demolition of structures as well as 3D printing of walls & structures. In addition, construction robots can be used for material handling activities such as placing bricks to build wall and transportation of building material vertically or horizontally on construction site.

Market Dynamics:

Driver:

Progression of the Construction Activities

Due to the growth of construction activities, there is demand for this market. Due to the high urban population and high development in the regions such as India, China, Japan, and other infrastructure the residential and commercial sectors are facing huge development. Many accidents have been reported in these due to the problems with the old buildings which have called for stricter regulations and codes. Many legislations have been introduced regarding the repair of old buildings and construction of new ones as well in terms of safety standards and to increase awareness among customers concerning technological and safety improvements. This creates a high opportunity for modernization processes in which the construction robots are used for various applications such as bricklaying, painting, loading, and bulldozing. According to the U.S States Census Bureau, investment was made in construction works in the U.S. These construction activities have driven the growth of the market.

Restraint:

High Cost

The requirement of financial resources to adopt new technology is a big restraining the growth of the market. Construction robots that can perform various activities through arms, industrial hardware solutions, PLCs, and other technologies need a huge amount of capital investment. The sensors and tools in the robotic system are inseparable parts and lead high cost of the new technology. Construction robots have a high initial cost as compared to wages. These factors are hindering the growth of the market.

Opportunity:

Rise in Technological Advancements

The technological advancements have led to the introduction of advanced robots that are responsible to carry huge loads and complete a sort of work in very less time. India is ranked third in the world in implementing robots in its construction processes according to the statistics prompted by the International Federation of Robotics. The application of these robotics has increased by 60% in the construction industry in the year 2020 compared to 2016. Due to technological advancement, these robots have joint torque sensors in each axis with no requirement for external sensors. Climbing robots are introduced nowadays for the construction of tall buildings. The demand for such robots has created an opportunity for the market owing to the several advantages for instance highly efficient, powerful, flexible, and versatile nature construction robots on a large scale.

Threat:

Irregular Outline of the Construction Sites

As the layouts of the construction sites vary with projects, the robotic construction process needs to be predefined to robotize the entire project. The construction companies do not have any specific plan for the implementation of autonomous or semi-autonomous construction robot solutions. As these solutions are new for many companies and require significant changes, the companies are unclear about integrating robotics in the planning and design phases. The quantitative determination of the potential of its solutions is considered to be a complex and diverse process, which further complicates the adoption of robots. The complete robotic construction solutions also require an integrated infrastructure, which works in unison, for the functioning of the entire robot by the site layout. Although many companies provide automated robotic solutions, still there is a large disparity in the required operating standards and interfaces of the construction layout. Hence, the different categories of accuracy for different layouts have to be defined exactly and considered during the development of the projects. Thus, the unpredictable layout of the construction sites poses a huge threat to the deployment of construction robots on a large scale.

Concrete Structural Erection segment is expected to be the largest during the forecast period

The erection of the structure consists of the assembly of components into a frame on site. The processes involve lifting and placing components. The robots designed for the concrete structural erection construct prefabricated concrete components or units that can directly be assembled on-site to form an entire building structure. Such automated erection of a concrete structure with the help of robots has reduced the complexity of the construction operations and is attracting most construction firms to adopt robots for this function.

The Nuclear Dismantling and Demolition segment is expected to have the highest CAGR during the forecast period

The high growing need for eradicating the existence of human operators in hazardous areas and protecting them from the emission in nuclear decommissioning is attributed to the high growth of the market for nuclear dismantling and demolition. Besides, the construction robots players have incorporated many features in the demolition robots, which provide easy access, promote safety, and increase efficiency in confined spaces, making them advantageous over the handheld breakers or other substitutes used for demolition purposes.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, owing to the acceptance of automation in mining and construction industries in countries like Australia, China, India, Malaysia, and Vietnam. APAC has abundant natural reserves distributed among numerous countries. With rising urbanization and varied accessibility of natural resources throughout the province, the mining and construction companies have started using automated equipment, operating software, and communications system to connect and operate on-site. Furthermore, the existence of a large number of robotic manufacturing companies in China and Japan and a high growth rate of the market for 3D printers for advanced construction, are driving the growth of the market.

Region with highest CAGR:

North America is projected to have the highest CAGR, owing to the rising number of construction projects, increasing adoption of automation and robotics, and technological advancements. Though physical labor has been a vast and serious module of modern construction, technology has uninterruptedly improved since the first pulleys and power tools. Robots are the beginning to help get the work done. With low US unemployment and skilled labor shortages, automation is a key to meeting demand and continued economic growth. However, According to PIAAC data, it is calculated that 38% of jobs in the United States are at significant risk of being automated during the next decade. According to the 2020 Construction Outlook Survey by the Associated General Contractors of America (AGC), 81% of construction firms have trouble filling both salaried and hourly craft positions, and 72% anticipate labor shortages to be the biggest hurdle in the next year. These entire factors contribute to driving the market growth across the region.

Key players in the market:

Some of the key players profiled in the Construction Robots Market include Advanced Construction Robotics, Inc., Alpine Sales & Rental Corp., Autonomous Solutions, Inc. (ASI), Beijing Borui Intelligent Control Technology Co. Ltd, Brokk AB, COBOD International AS, Conjet AB, Construction Robotics LLC, Cyberdyne, Inc., Ekso Bionics , Fastbrick Robotics Ltd., Fujita Corporation, Giant Hydraulic Tech Co., Ltd., Husqvarna AB, Komatsu Ltd, TopTec Spezialmaschinen, Hyundai Robotic, Boston Dynamics.

Key developments:

In July 2020: Hyundai Robotics partnered with Hyundai E&C for joint R&D of construction Robotics Technology. Through this partnership both the companies are working in the development of robots working at construction sites.

In November 2019: Boston Dynamics announced construction partnerships with Holobuilder, Faro and Trimble. Through this partnership custom payloads and tools were built such as Revit and BIM360 for the construction processes.

In September 2020: Brokk Inc launched high-heat customization options for its robotic machines to improve their performance and life span in metal processing and other high-temperature applications. The heat-resistant options include steel tracks, cylinder protection, and a forced draft cooling system, with the feature utilized to customize Brokk models, including the Brokk 800P, an 11-ton, specialized processing machine. The heat-resistant features allow facilities to start maintenance operations, such as refractory removal and ladle cleaning.

Types Covered:
Exoskeleton
Robotic Arm
Traditional Robot
Wearable Robots
Other Types (Masonry)

Automations Covered:
Semi-Autonomous Construction Robots
Fully Autonomous Construction Robots

Payload Sizes Covered:
More Than 15Kg
10.1-15Kg

Configurations Covered:
Collaborative Robot (Cobot)
Mobile
Mounted

Components Covered:
Manipulator
Robot Controller Unit
Robot Tooling
Sensor Devices

Products Covered:
Articulated Robots
Brick Robots
Cartesian Robots
Cylindrical Robots
Delta Robots
Drones
Gantry Robots
Humanoid Robots
Plastering Robots
Selective Compliance Assembly Robot Arm (SCARA)
Self-Driving Vehicles
Spherical Robots
Spray Robots
Stone Spraying Robots

Functions Covered:
Bricklaying Robot
Concrete Structural Erection
Doors and Windows Installation
Demolition Robot
Finishing Work
Surveillance
3D Printing and Contour Crafting Robot
Building Robots
Welding Robot
Inspection Robot
Roadwork Robots
Other Functions

Applications Covered:
Building Construction
Public Infrastructure
Nuclear Dismantling and Demolition
Heavy/Civil Construction
Material Handling
Bridge Construction
High-Risk Work
Autonomous Construction Vehicles and Equipment
Other Applications

Sales Types Covered:
Aftermarket
New Sales

End Users Covered:
Commercial
Industrial
Residential/ Home Use

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances