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.
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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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Construction Robots Market by Function
- Demolition
- Bricklaying
- 3D Printing
- Others
Global Construction Robots Market by Autonomous Type
- Fully Autonomous
- Semi-Autonomous
Global Construction Robots Market by Application
- Public Infrastructure
- Commercial and Residential
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Advanced Construction Robotics, Inc.
- AngelList Holdings, LLC
- Apis Cor Engineering, LLC
- Autonomous Solutions, Inc.
- Blueprint Robotics, Inc.
- Branch Technology
- Brokk AB
- Built Robotics, Inc.
- COBOD International A/S
- Conjet AB
- Construction Robotics, LLC
- CyBe Construction
- Ekso Bionics Europe GmbH
- FastBrick Robotics, Ltd.
- Husqvarna AB
- Hyperion Robotics
- Identified Technologies
- Komatsu, Ltd.
- MABI Robotic AG
- MX3D B.V.
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.
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