Construction Robots Market Trends

  • Report ID: 5225
  • Published Date: Sep 08, 2023
  • Report Format: PDF, PPT

Construction Robots Market Trends

Growth Drivers

  • Adoption of Collaborative Robots - The adoption of collaborative robots will be driven by an increase in the focus of building companies on reducing material resources and waste during construction. In addition, Autodesk points out that it is difficult to obtain precise data on waste produced at a typical construction site, but several construction organizations believe that almost 30% of the total weight of building materials transported to a construction site is wasted.
  • Installation of Robots to Save Time - The growth of robots in the construction sector will be facilitated by shortening project durations. It can be used for a variety of flexible manufacturing processes, e.g. by material transportation, welding, milling, cutting, drilling, painting, and even bricklaying.
  • Increasing Demand for Automated Construction - Automated building solutions are expected to become a key driver in the years ahead, as infrastructure needs increase and they will be an important influence on the market. For the sake of an expected 7 billion people living in cities, Redshift estimates that from now on industry will have to construct 13,000 buildings a day by 2050. Moreover, collaborative robots are used for performing multiple tasks that need accuracy.

Challenges

  • High Maintenance Cost - One of the challenges in the implementation of collaborative robots is the high costs involved in acquiring and maintaining the technology. It costs a great deal of money to buy and implement these technologies. Consequently, these technologies cannot be used by any company with a good turnover and competition on the market.
  • Complications in Construction Process
  • Lack of Skilled Labour Force

Construction Robots Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 20%

Base Year Market Size (2022)

~ USD 228 Million

Forecast Year Market Size (2035)

~ USD 2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5225
  • Published Date: Sep 08, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Adoption of construction robots, and installation of robots is saving time, and installation of robots is saving time are driving the market growth.

The market size of construction robots is anticipated to attain a CAGR of 20% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Ekso Bionics, Construction Robotics, LLC, FBR Ltd, Advanced Construction Robotics Inc., Obayashi Corporation, Fujita Corporation, Hibot Corporation, Yaskawa Group, Fanuc Corporation, Canvas Robotics and others.

The commercial & residential segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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