The Global Construction Robot Market was valued at USD 44.8 Mn in 2020 is expected to reach USD 110.7 Mn by 2027, with a growing CAGR of 13.8% during the forecast period.
Construction robots are semi or fully autonomous robots designed to improve the speed and quality of construction work. The construction industry is one of the least automated industries that features manual-intensive labor as a primary source of productivity. However, with the advancement in technology, the construction industry is utilizing robots to excel at repetitive tasks in a controlled environment. Various robots have been used to ensure better productivity and quality. Demolition robots have been used to safely and precisely demolish any structure compared to the manual process.
With the rapid advancement in technology and high demand for construction works, the construction industry is facing challenges such as a shortage of skilled labor, the inadequacy of resources, and the convergence of requisite technologies. These challenges have increased the demand for construction robot market. A construction robot plays a significant role in automating solutions and in delivering cost-effective operations. These robots have helped in automating laborious and dangerous tasks to keep laborers away from hazardous activities and thus, enable them to focus on more productive work.
These technologies have exerted a positive impact on operational cost-savings by decreasing labor costs and increasing uptime. The recent adoption of robotic technology is changing the way the industry creates homes, buildings, and other infrastructure. The growing construction industry is a major factor that will drive the demand for the construction robot market during the forecast period. However, high cost is associated with the deployment of robotic solutions and this factor is hampering the growth of the construction robot market. THOUGH, the evolution of 3D printing in the construction industry is expected to create ample opportunities during the forecast period.
By Product Type
The key players operating in the construction robot market are:
Based on Product Type, the traditional robot segment is expected to dominate the market throughout the forecast period
By product type, the global market has been segmented into a traditional robot, robotic arm, and exoskeleton. The traditional robot segment dominated the market in 2020 and the same trend is expected to be seen during the forecast period. Construction robots are being used as a replacement for the traditional heavy construction equipment/machines in most of the construction activities. However, the exoskeleton segment is expected to grow at the highest CAGR during the forecast period.
Based on Automation, the semi-autonomous segment dominated the construction robot market in 2020
On the basis of automation, the global construction robot market has been bifurcated into semi-autonomous and fully autonomous. The semi-autonomous segment dominated the market in 2020. These construction robots are designed to execute a task with certain levels of planning interaction conducted with a human supervisor. SAM, a semi-autonomous masonry robot, was built by Construction Robotics for bricklaying tasks in outdoor construction sites. However, the fully autonomous segment is expected to grow at the highest CAGR during the forecast period.
Based on Function, the demolition robot segment is expected to dominate the market during the forecast period as it is an essential process in renovation activities and new commercial buildings
Based on functions, the global construction robot market has been segmented into bricklaying robot, 3D printing, contour crafting robot, demolition robot, inspection robots, welding robots, roadwork robots, and others. The demolition segment HELD
was holding a major market share in terms of value in the global construction robot market in 2020, while the 3D printing and contour crafting robot segment is expected to grow at the highest rate during the forecast period.
Based on applications, the public infrastructure segment is expected to dominate the market during the forecast period due to increasing infrastructural development across the globe
Based on applications, the construction robot market has been segmented into public infrastructure, commercial and industrial infrastructure, residential buildings, and others. The public infrastructure segment accounts for the largest share in the global construction robot market by application. Roadworks robots can build roads with high productivity with economical cost and time savings.
Based on Region, the Asia-Pacific region is expected to grow at the highest CAGR throughout the forecast period owing to rapid urbanization
The Asia Pacific region is expected to grow at a rapid pace owing to the presence of abundant natural resources like minerals, ores, among others, in countries like China, India, Australia, Malaysia, and other Asian countries. These countries carry out mining and construction activities to extract natural resources in the region. The construction industry of the region has started adopting construction robots for site inspection and for speeding up construction activities on site.
The report also provides an in-depth analysis of construction robot market dynamics such as drivers, restraints, opportunities, and challenges
COVID-19 Impact on the Construction Robot Market Analysis
The COVID-19 pandemic has significantly impacted the construction robot industry. The construction work all over the globe temporarily was restricted due to an increase in the cases of COVID-19. The government across the globe imposed strict lockdown which resulted in the shutdown of many industries. Construction robots' demand, however, might increase due to the safety needs, such as social distancing. A more detailed analysis specific to this industry will be provided in the report.
The report also provides an in-depth analysis of key trends in the Construction Robot market
The report also provides an in-depth analysis of recent news developments and investments
The unique insights provided by this report also include the following:
Ask for free product review call with the author
Share your specific research requirements for a customized report
Request for due diligence and consumer centric studies
Request for study updates, segment specific and country level reports
Market Overview & Competitive Landscape
Market Segmentation (Market Size and Share Analysis)
COVID – 19 Opportunity Mapping
Regional Market Analysis