The construction robot market is projected to grow at a considerable CAGR of more than 12% during the forecast period (2020-2026). The significant rise in the demand for automation in the construction industry is a key factor that is anticipated to drive the global construction robot market. Traditional construction activities such as material handling, dispensing, welding, packing, cutting and packing can be fully automated by the use of robotic technology. Along with automation of different tasks lower operating costs, improved efficiency on repeatable tasks, on-demand and custom development, wearables, augmentation and automation, and easy maintenance of logistics are the other benefits that the construction robots offer. According to the US Bureau of Labor Statistics, nearly 200,000 construction jobs were left unfulfilled by February 2017. The construction industry involves a lot of tasks related to manual labor the shortage of manual labor across different countries is further anticipated to create demand for the construction robot market. 

Moreover, the rising investments in the constructional activities and real estate along with the supportive government & private funding for the infrastructure development are expected to positively affect the construction robot market across the globe during the forecast period. For instance, in the US according to Associated General Contractors of America (AGC), the construction spending totaled at around $1.3 trillion in January 2019 at a seasonally adjusted annual rate, a 1.3% increase from construction spending in December 2018 and around 0.3% gain from January 2018. However, the high cost of implementation along with the unpredictable layout of the construction sites is one of the key factors that may restrain the growth of the global construction robot market.

Segmental Outlook  

The construction robot market is classified on the basis of function, type & application. Based on function type, the market is segmented into demolition, bricklaying, 3D printing, and others. Based on type, the market is segmented into. Based on type the market is segmented into fully autonomous, semi-autonomous. Based on application the market is segmented into public infrastructure, commercial and residential, and others. Commercial and residential infrastructure is anticipated to hold considerable market share during the forecast period.

Demolition will be considerable segment based on the function type

Demolition is anticipated to hold considerable market share based on function type due to the high usage of construction robots in demolition activities. The rapid demolition process by the use of robots offers huge time and cost-saving for investment in other construction projects currently in place. Breaking down walls, gathering debris, and crushing concrete is the first step in many construction processes, and robotics is making these processes much more efficient. In addition, the demolition of infrastructure does not require the use of the latest robotics technology. Therefore, the high use of robotics for this function is making considerable contributions towards its high market share.

Global Construction Robot Market Share by Application, 2019 (%)

Regional Outlook 

The global construction robot market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to hold considerable market share during the forecast period. The US is the major contributor to the North American market share. This is due to the increasing development of construction activities and the government initiates in the development of smart city projects. The US is home to the number of MNCs; owing to which, there is a huge population base of wealthy people from across the globe. This raises the need for the construction of high-rise buildings and skyscrapers in the country. According to CTBUH, around 1,579 skyscrapers are present in New York City, US, which estimated the largest number of skyscrapers across the globe. The construction robots can be used in the formation of the high skyscraper to avoid the slow manual process, thereby driving the demand for construction robots in the country. 

Global Construction Robot Market Growth, by Region 2020-2026

Asia-Pacific will augment with the significant growth rate in the construction robots market 

Asia-Pacific is anticipated to grow at a considerable CAGR during the forecast period. The growth of the region is attributed to the infrastructural development activities in emerging countries such as China, India, Japan, Indonesia and South Korea. Rapid urbanization and a rise in the count of novel residential and commercial units resulted in the competitive real estate sector. The building makers and constructors come up with the latest projects with increased automation amenities for making cost-effective structures, thereby contributing to the growth of the construction robot market in the region.

Market Players Outlook

The key players of the construction robot market include Construction Robotics, LLC, FastBrick Robotics, Ltd., Blueprint Robotics, Inc., Brokk AB, AngelList Holdings, LLC, MABI Robotic AG, FastBrick Robotics, Ltd., Advanced Construction Robotics, Inc., and so on. The global construction robot market is mainly influenced by product development and advancements conducted by the key players operating in the market. In August 2019, John Sisk & Son, a construction company announced that it has become the first contractor in Europe to introduce robotics to building projects. The company had made an investment of $0.1 million as part of its “commitment to enhance productivity” on its sites and to minimize health and safety risks to its workforce.

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global construction robot market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.