A recent report published by
Infinium Global Research on construction robots market provides in-depth
analysis of segments and sub-segments in the global as well as regional
construction robots market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional construction robots
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of global construction robots
market. According to the report, the global construction robots market is
projected to grow at a CAGR of 8.7% over the forecast period of 2020-2026.
The construction industry is one
of the major economic sectors in the world contributing to a large part to the
global economy. Robotics and automated systems have the potential to address
inefficiencies and low productivity in the construction industry. Robots,
drones, autonomous vehicles, and 3D printing are been used in the construction
industry. Construction robots are been used to complete certain tasks, such as
bricklaying, painting, loading, and bulldozing. Construction robots and
automated systems are complex in design as well as operation. They offer
several advantages over manual labor including improvement in work quality,
reduction of labor costs, savings accrued on safety and health improvements,
time savings, and improvement in productivity. Different types of construction
robots such as 3D-printing robots, bricklaying robots, and demolition robots
have found their application in the construction market at a mass scale.
The adoption of automation in the
construction sector due to lower labor productivity and the labor shortage is
majorly driving the market. Robotics and automation help in reducing human
efforts, construction cost, and project time period, which increases the
productivity in the construction industry. Moreover, increasing demand for
construction due to rapid urbanization is augmenting the growth of the market. Growing
urban population leads to expansion of the cities by constructing buildings at
the outskirts of cities. However, the higher cost of construction robots is a
major restraining factor for the market. The installation cost and the
operational cost of the construction robots are higher compared to the wages of
the manual workforce. Nevertheless, technological progress in automation is
anticipated to boost the market in the future.
In terms of geography, North
America generated the highest revenue in the global construction robots market.
North America is expected to dominate the global construction robots market over
the forecast period owing to the early adoption of technically advanced
products in the end-use industries. Moreover, rapid commercialization and the
progress of the construction industry in North America are contributing to the
growth of the construction robots market in the region. Additionally, the Asia
Pacific construction robots market is expected to grow at the highest CAGR over
the forecast period. The demand and utilization for service robots are
anticipated to increase in the Asia Pacific shortly due to the ongoing
development by Chinese and Japanese manufactures for robotic systems.
Furthermore, the rising economies in the region including India, Japan, and
China is creating demand for the construction sector and construction robots.
The report on the global construction
robots market covers segments such as function and application. On the basis
of function, the sub-markets include 3D-printing robots, bricklaying robots,
demolition robots, and other functions. On the basis of application, the
sub-markets include commercial buildings, public infrastructure, residential
buildings, and other applications.
The report provides profiles of
the companies in the market such as TopTec Spezialmaschinen GmbH, Ekso Bionics,
Construction Robotics, Brokk AB, Komatsu, Fujita, Autonomous Solutions, Giant
Hydraulic Tech, Alpine Sales and Rental, and Fastbrick Robotics.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the construction robots market. Moreover, the study highlights current
market trends and provides forecasts from 2020-2026. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.