Construction Robots Market Size, Share, Trends, Growth, and Industry Analysis, By Product Type (On-Site Production Robots, Pre-Fab Construction Robots, Autonomous Vehicles), By Function (Bricklaying, 3D Printing and Contour Crafting, Demolition, Others), By Application (Residential Buildings, Nuclear Dismantling and Demolition, Others), Regional Insights and Forecast to 2031
global construction robots market size was USD 1,038.6 million in 2022 and is predicted reach USD 3,842.8 million in 2031, exhibiting at CAGR of 17.6% during the forecast period.
Various factors such as reduced labor costs, increased safety due to robotic automation, and rapid urbanization and industrialization are contributing to growth. Global demand for construction robots is expected to increase as more and more construction firms undertake automation initiatives and increase funding for modernizing their construction activities. The increasing need for advanced infrastructure, coupled with the ever-increasing population, is expected to drive the demand for automatic construction solutions. According to a report by Autodesk Inc., around 14,000 buildings need to be constructed daily by 2051 to accommodate the increasing population. The reasons for the shift towards construction robots are smart agility, convenience, and cost-effectiveness. The growing emphasis of construction firms on reducing resource waste and overall costs is expected to grow the construction robot market. Additionally, the emphasis on reducing the turnaround time of construction projects is motivating market players to launch new and innovative products with increased efficiency and speed of construction robot’s market.
.png)
The main driver of the market's expansion is the booming building sector, which is also accelerated urbanization. The need for construction robots to address the shortage of trained workers has also increased due to the expanding building of megastructures and high-quality infrastructure. Moreover, technical developments like the use of 3D printing robots in construction projects are fostering market expansion. They are employed to create bridge models and building prototypes that streamline the construction of complex structures in order to conserve time and materials. Furthermore, the market is anticipated to be driven by the emerging trend of aerial robotics. Unmanned aerial vehicles (UAV) or drones, which are frequently employed for safety inspections, site surveys, and entering hazardous zones, are among these robots. Exoskeleton equipment, such as wearable mechanical suits to move large objects like machinery and supplies, is also accelerating market expansion.
The COVID-19 outbreak negatively impact on the construction industry, with construction work coming to a halt in the early months of the lockdown. However, due to the safety benefits provided by the technology, product demand has seen an increase in adoption from the industry. The manufacturing of essential raw materials for construction was severely restricted. This led to a decline in the demand as well as the supply of construction robots, hindering market growth.
Market Dynamics
Global Construction Robots Market Drivers
Increased Urbanization to Drive Construction Robots Market Growth
The revenue growth of the global construction robots market is significantly driven by the need to bridge the gap caused by the shortage of skilled laborers in construction activities. Because they are controlled by wireless remote controls, construction robots can be used in demolition. Deployment of construction robots in demolition activities can allow humans to stay at a safe distance and thus avoid the risk of sustaining injuries. This is a significant advantage offered by construction robots in terms of safety.
Robotic automation has the potential to save money and time since robots can operate continuously, allowing certain stages of projects to be completed considerably faster and at a lesser cost than before. Robots' great precision helps to prevent waste as well for example, 3D printers construct components using only the material needed with no leftovers, while also reducing the cost and size of the technology. All these factors are expected to boost revenue growth in the global market.
Global Construction Robots Market Restraints
The global construction robots market's growth is substantially hampered by several unfavorable factors, such as construction sites being difficult for robots to navigate due to their complexity and the judgements involved. Building sites may be dangerous areas, and thus the management of health and safety is a significant challenge for the use of robotics in construction. Further, investing in robotics entails significant initial costs, including substantial R&D expenditure, which is expected to restrain market growth to some extent. In addition, robots are not yet widely used, and only a few companies are actively deploying robots on-site due to a lack of technological advancement. This is another important factor that can affect market revenue growth.
Global Construction Robots Market Opportunities
It is anticipated that the focus on integrating robots with emerging technologies, such as Building Information Modeling (BIM) and Computer-Aided Manufacturing (CAM), to scale up production, which can lead to more affordable and adaptable systems, will continue to open up lucrative business opportunities for major players and new entrants in the global market. Also, the switch from 2D CAD to 3D BIM can make it possible to manufacture complete assemblies utilising quickly developing robotic technology, which is most likely to be utilised in off-site prefabrication facilities for the creation of repeated building types. In the future, this is also anticipated to fuel market expansion.
Construction Robots Market REPORT SCOPE & SEGMENTATION
|
Report Attribute |
Details |
|
Projected Market Value (2031) |
USD 3,842.8 million |
|
Estimated Market Value (2022) |
USD 1,038.6 million |
|
Base Year |
2022 |
|
Forecast Years |
2023 - 2031 |
|
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product Type, By Function, By Application, Region |
|
Segments Covered |
By Product Type, By Function Type, By Application Type, Region |
|
Forecast Units |
Value (USD Billion), and Volume (Units) |
|
Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
|
Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
|
Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
|
Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Regional Analysis
North America dominated the global construction robots market in 2021, accounting for approximately 36.1% of its share. Primary factors influencing growth of the market in the region include growing investments in public infrastructure and rising spending on construction across commercial and residential sectors in the region. In November 2021, the U.S. Congress approved Infrastructure Investment and Jobs Act, and this bill carries a price tag of US$ 1.2 Trn, which includes US$ 550 Bn for transportation, broadband & utilities; US$ 110 Bn for roads, bridges, & other major infrastructure projects; and $40 billion for bridge repair & replacement.
Europe and Asia Pacific are also key markets for construction robots, and they held shares of 26.5% and 20.1%, respectively, in 2021. Growing labor shortages and rising fatal accidents and workplaces injuries are significant factors boosting the adoption of construction robots in these regions. Asia-Pacific is a potential market because of its huge population and the resulting rise in demand for residential and industrial infrastructure. For instance, Schindler stated in February 2022 that their Schindler R.I.S.E. robot would be deployed in the Asia Pacific region. An autonomous, self-climbing robot called Schindler R.I.S.E. is employed for installation tasks in elevator shafts.
Middle East & Africa is a larger market for construction robots as compared to the market in South America, and the market in Middle East & Africa is projected to advance at a CAGR of 14.4% during the forecast period.
Competitor Analysis
The leading industry key players are undertaking strategies such as product innovations, collaborations, and partnerships to expand their business footprints and survive the competitive environment. For instance, in November 2022, Exyn Technologies, a provider of AI-powered industrial robots and drones, in a tie-up with Trimble Inc., services, hardware, and software technology company, announced the launch of an autonomous construction surveillance technology. The new technology will enable the agreement of fully autonomous missions within dynamic and complex construction environments, resulting in precise and consistent reality capture for quality and production control workflows. Some major players in the global construction robots market include:
Key Developments in Global Construction Robots Market
Detailed Segmentation In Our Report:
Product Type Outlook
Function Outlook
Application Outlook
Region Outlook
Customization Scope
Pricing
Research Methodology
Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region. The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.
Data Collection
Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.
Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.
Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
