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Construction Robots Market (Function - 3D-printing Robots, Bricklaying Robots, Demolition Robots, and Other Functions; Application - Commercial Buildings, Public Infrastructure, Residential Buildings, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : ICT01259

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

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.

 

Market Insight

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.


Global Construction Robots Market

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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.


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