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Global Construction Robot Market Size By Type Of Robot (Traditional Robots, Robotic Arms, Exoskeletons), By Functionality (Autonomous Robots, Teleoperated Robots), By Application (Building Construction, Infrastructure Construction), By Geographic Scope And Forecast


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Construction Robot Market Size By Type Of Robot (Traditional Robots, Robotic Arms, Exoskeletons), By Functionality (Autonomous Robots, Teleoperated Robots), By Application (Building Construction, Infrastructure Construction), By Geographic Scope And Forecast

Construction Robot Market Size And Forecast

Construction Robot Market size was valued to be USD 814.19 Billion in the year 2023 and it is expected to reach USD 3056.28 Billion in 2031, growing at a CAGR of 17.98% from 2024 to 2031.

  • Construction robots are a new type of autonomous and semi-autonomous machine meant to improve efficiency, safety, and precision in the construction sector. These robots are revolutionizing traditional construction procedures by automating repetitive jobs, assisting with complex operations, and enhancing overall project outcomes. Advancements in robotics, artificial intelligence (AI), and machine learning are driving the usage of construction robots as is the growing demand for improved productivity and safer working environments in the construction industry.
  • The most major uses for construction robots are autonomous and semi-autonomous machinery. These robots can execute heavy-duty activities like excavation, earthmoving, and grading with great precision and consistency. Autonomous excavators, for example employ sophisticated sensors, GPS, and machine learning algorithms to excavate foundations, trenches, and other structures with little human interaction. This not only accelerates the construction process but it also decreases the possibility of errors and rework saving time and money.
  • The future usage of construction robots is set to transform the industry bringing unparalleled levels of efficiency, precision, and safety. As worldwide demand for infrastructure development and urbanization increases, the incorporation of robotic technology into construction processes will be critical in solving issues such as labor shortages, project delays, and the requirement for sustainable building methods. By investigating the numerous applications, benefits, and ramifications of construction robots we may acquire a thorough knowledge of their disruptive potential in the sector.

Global Construction Robot Market Dynamics

The key market dynamics that are shaping the global Construction Robot Market include

Key Market Drivers

  • Labor Shortages Drive Adoption The construction industry’s growing labor shortages are compelling companies to embrace automation through construction robots. This helps fill labor gaps and ensure projects meet deadlines.
  • Enhanced Worker Safety Concerns about worker safety are propelling the use of construction robots. These robots can handle hazardous tasks minimizing the risk of accidents and injuries on construction sites.
  • Focus on Productivity Gains Construction robots are increasingly adopted to boost productivity by performing repetitive tasks more efficiently than manual labor. This leads to faster project completion and potential cost savings.
  • Technological Advancements Ongoing advancements in robotics technology including AI and machine learning are fostering innovation in construction robots. This allows them to perform a broader range of tasks with greater precision and autonomy.
  • Government Incentives for Automation Government initiatives and incentives promoting automation and robotics in construction are fueling market growth. Companies are motivated by tax benefits and grants to invest in these robotic solutions.

Key Challenges

  • High Upfront Investment Costs A significant barrier for small and medium-sized businesses is the high initial investment associated with acquiring and deploying construction robots. These upfront costs can limit market adoption.
  • Integration Complexity Integrating construction robots into existing workflows and processes can be complex. This necessitates substantial planning and coordination to ensure seamless operation and minimize disruption to ongoing projects.
  • Skilled Workforce Shortage The lack of skilled workers capable of operating and maintaining construction robots poses a challenge for companies looking to adopt automation. Specialized training and expertise are crucial to maximize the benefits of these robotic systems.
  • Regulatory and Safety Compliance Ensuring compliance with safety requirements and regulatory standards for construction robots presents challenges for manufacturers and users. Thorough testing and validation are necessary to mitigate risks and liabilities.
  • Overcoming Skepticism There is still some skepticism and resistance to change among stakeholders in the construction industry regarding the adoption of construction robots. Education and demonstrating the benefits of automation are essential to overcome this challenge.

Key Trends

  • Rise of Collaborative Robots Collaborative robots, or cobots are emerging as a prominent trend. These robots can work alongside human workers enhancing efficiency and safety in construction projects.
  • Modular and Scalable Solutions Modular and scalable robotics solutions are gaining traction. This allows companies to customize and expand their robotic fleets based on project requirements improving flexibility and cost-effectiveness.
  • Integration of IoT and Data Analytics The integration of IoT sensors and data analytics capabilities into construction robots facilitates real-time performance monitoring and predictive maintenance. This optimizes efficiency and reduces downtime.
  • Focus on Sustainable Construction The growing focus on sustainability in construction is driving the development of eco-friendly construction robots. These robots are powered by renewable energy sources and utilize recycled materials.
  • Emergence of 3D Printing Robots 3D printing robots are increasingly used in construction for rapid prototyping and on-site fabrication of building components. This offers flexibility and customization in construction projects.

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Global Construction Robot Market Regional Analysis

Here is a more detailed regional analysis of the global Construction Robot Market

North America

  • The North American region is estimated to dominate the market during the forecast period, driven by the presence of advanced technological infrastructure and a strong emphasis on workplace safety regulations fostering the adoption of robotic solutions to enhance efficiency and reduce accidents. Government initiatives promoting infrastructure development and smart city projects further contribute to market growth by creating opportunities for construction robot deployment in large-scale construction projects across the region.
  • Technological innovation and collaboration between universities, research institutions, and industry players are fueling advancements in construction robotics positioning North America as a key hub for research and development in the field. The presence of established players and investment in startups focused on construction robotics indicate a mature ecosystem offering a diverse range of robotic solutions catering to various construction needs and challenges. Additionally, increasing awareness of the benefits of construction robots such as improved productivity, cost savings, and reduced labor dependency drives market expansion in North America.

Asia-Pacific

  • The Asia-Pacific region is estimated to exhibit the highest growth within the market during the forecast period driven by rapid urbanization, infrastructure development, and a growing need for automation solutions to address labor shortages and improve construction efficiency. Government investments in mega-infrastructure projects such as transportation networks and smart cities create significant opportunities for construction robot deployment in the Asia-Pacific region driving market expansion.
  • Innovations in construction robotics fueled by strong research and development activities and collaborations between technology companies and construction firms drive the adoption of advanced robotic solutions in Asia-Pacific countries. The emergence of startups and technology hubs focused on construction robotics in countries like China, Japan, and South Korea indicates a thriving ecosystem supporting innovation and entrepreneurship in the region.
  • Additionally, the increasing adoption of industrial automation and robotics across manufacturing sectors in Asia-Pacific contributes to the cross-pollination of technology and expertise further accelerating the growth of the Construction Robot Market in the region. 

Global Construction Robot Market Segmentation Analysis

The Global Construction Robot Market is Segmented on the basis of Type of Robot, Functionality, Application, and Geography.

Construction Robot Market, By Type of Robot

  • Traditional Robots
  • Robotic Arms
  • Exoskeletons

Based on Type of Robot, the market is bifurcated into Traditional Robots, Robotic Arms, and Exoskeletons. Among traditional robots, robotic arms, and exoskeletons, robotic arms are currently the dominant force in the Construction Robot Market. This dominance is due to their versatility and adaptability in performing a wide range of construction tasks. Robotic arms can be equipped with various end-effectors enabling them to handle material transport, assembly, bricklaying, welding, painting, and demolition with high precision and efficiency. Their ability to work continuously without fatigue and their high level of precision in repetitive tasks make them invaluable in enhancing productivity and reducing errors on construction sites.

Construction Robot Market, By Functionality

  • Autonomous Robots
  • Teleoperated Robots

Based on Functionality, the market is bifurcated into Autonomous Robots, and Teleoperated Robots. Autonomous robots currently dominate the Construction Robot Market due to their ability to operate independently which significantly enhances efficiency and productivity. These robots excel in performing repetitive and labor-intensive tasks such as site surveying, excavation, and 3D printing with precision and speed reducing the need for constant human supervision. The integration of advanced sensors, GPS, and AI technologies enables autonomous robots to navigate complex construction environments and adapt to changing conditions in real-time further boosting their utility and appeal.

Construction Robot Market, By Application

  • Building Construction
  • Infrastructure Construction

Based on Application, the market is bifurcated into Building Construction, and Infrastructure Construction. Among the applications listed, building construction currently dominates the Construction Robot Market. This dominance can be attributed to several factors. Firstly, building construction involves a wide range of repetitive and physically demanding tasks that are well-suited for automation by robots. Robots are extensively used in processes such as foundation laying, framing, and finishing works where precision and consistency are critical for quality outcomes and timelines.

Key Players

The Global Construction Robot Market study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Stäubli International AG, YASKAWA Electric Corporation, Fanuc Corporation, Mitsubishi Heavy Industries Ltd., KUKA AG, ABB Ltd, Caterpillar Inc., Bosch Rexroth AG, Hyundai Construction Equipment Co Ltd., Hitachi Construction Machinery Co.Ltd.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Construction Robot Market Recent Developments

  • In February 2023, a strategic partnership is formed between a leading construction equipment manufacturer and a robotics startup. This collaboration is expected to accelerate the development and deployment of innovative robotic solutions for various construction applications. This could broaden the range of tasks handled by construction robots and enhance their overall capabilities.
  • In June 2023, a major research institution unveiled a prototype construction robot specifically designed for bricklaying tasks. This novel robot showcases advancements in robotic manipulation and object recognition, potentially leading to increased automation in bricklaying processes and improved construction efficiency on a wider scale.
  • In October 2023, a construction company completed a pilot project utilizing a fleet of construction robots for interior demolition tasks. The project’s success is anticipated to encourage further adoption of robots in demolition applications, promoting worker safety and potentially leading to reduced project timelines.
  • In March 2024, a software company specializing in construction management launched a new platform specifically designed to integrate and manage construction robots on job sites. This platform is expected to streamline robot deployment, optimize their operation, and enable real-time monitoring of robotic tasks, ultimately improving overall construction project management.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2020-2031

Base Year

2023

Forecast Period

2024-2031

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

Stäubli International AG, YASKAWA Electric Corporation, Fanuc Corporation, Mitsubishi Heavy Industries Ltd., KUKA AG, ABB Ltd, Caterpillar Inc.

Segments Covered

By Type of Robot, By Functionality, By Application, and By Geography

Customization Scope

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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