Construction Robots Market Size by Type, End User, Region – Revenue Pool Analysis, Margin Structure Assessment, Capital Flow Trends, Competitive Benchmarking & Forecast to 2029
Overview
Construction Robots Market is expected to reach US$ 3.05 Bn. by 2029 at a CAGR of 11.78% during the forecast period.
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Construction robots are professional service robots currently used in the construction. Construction robots prove their worth by providing major operational cost-savings through increased uptime and decreased labor costs.
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The technological advances and recent trends in construction robots market are
• SCARA robotic technology arms to automatically measure and place rebar with digital feed. Use of diamond tipped SCARA arm controllers to ascend and demolish even at heights with ex-situ remote control.
• Mobile assembly consisting of joint arm manipulator, distance sensor assembly and controller to provide uniform layer of finishing.
• Mobile assembly consisting of detachable track mounted /wall climbing robot with tactile sensor and spray gun.
• Suspended/vacuum gripper robots that detect discrepancies by ultrasonic sensor and store data electronically.
• Use of light weight fiber drones that are capable to carrying loads to height. Placing of laser diode sensors at a proximity of approx. 1m away from edge of excavation to alert workers from tripping and falling.
• Use of detachable and mobile wall mounted, remote controllable base on which workers can stand and work.
Research on Traditional Robot displayed the potential growth CAGR of 16.25% in the year 2022. The shifting market dynamics are supporting the growth of this segment in the global market. It is expected to reach over US$ xx Bn by the year 2029, Traditional Robot will bring in healthy gains adding significant momentum to global construction robot market in the forecast period.
Construction Robots Market Drivers and Restrains
High demand for offices, manufacturing facilities, recreation spaces, and hotels will continue to drive the spending in the forecast period. This has led to increased demand for higher use of construction equipment, boosting the growth of the construction robots market.
The construction robots market is driven by current entrepreneurial boom and the real requirements from the world, like construction sites in Japan are enjoying a wave of automation amid an increasing shortage of laborers. According to the Japan Federation of Construction Contractors, there will be fewer construction workers by fiscal 2026 compared with fiscal 2014. In 2015, some 30 % of all construction workers were aged over 55, while those below 29 accounted for only about 10%, according to the Ministry of Land, Infrastructure, Transport and Tourism.
Construction Robots Market Regional Analysis
North America is the leading revenue generator in the global construction robot market with a major share of the market contributed by the U.S. Technological advances in construction industry are responsible for this growth in North America for global market. APAC is one of the fastest-growing regions in the global construction robot market with major growth being witnessed in China, Japan, and South Korea. Changing lifestyle and economic conditions are key factors driving this region. Countries which generated a major part of the revenue in the global construction robot market in 2018 include the US, Germany, China, Japan, South Korea, France, and Denmark.
The objective of the report is to present comprehensive analysis of global Construction Robots Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding global Construction Robots Market dynamics, structure by analysing the market segments, and project the global Construction Robots Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the global Construction Robots Market make the report investor’s guide.
Construction Robots Market Scope: Inquire before buying
| Construction Robots Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2017 to 2022 | Market Size in 2022: | US $ 1.40 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 11.78% | Market Size in 2029: | US $ 3.05 Bn. |
| Segments Covered: | by Type | • Traditional robots • Wearable robots • Robotic arm |
|
| by End User | • Metallurgical industry • Construction and Cement • Mining • Emergency Rescue |
||
Construction Robots Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Construction Robots Market Key Players
• Brokk AB
• Husqvarna
• Conjet AB
• TopTec Spezialmaschinen GmbH
• Giant Hydraulic Tech
• Beijing Borui Intelligent Control Technology
• Alpine
• Cazza
• Construction Robotic
• Shimizu Construction
• Fujita Corporation
• FastBrick Robotic, Ltd.
• Advanced Construction Robotics, Inc.
• Branch Technology
• Built Robotics Inc.
• Kewazo GmbH
• Komatsu Ltd.
• nLink AS
• TopTec Spezialmaschinen GmbH
• Cybe Construction BV
• Ekso Bionics
Frequently Asked Questions:
1. Which region has the largest share in Global Construction Robots Market?
Ans: North America region held the highest share in 2022.
2. What is the growth rate of Global Construction Robots Market?
Ans: The Global Construction Robots Market is growing at a CAGR of 11.78% during forecasting period 2023-2029.
3. What is scope of the Global Construction Robots Market report?
Ans: Global Construction Robots Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Construction Robots Market?
Ans: The important key players in the Global Construction Robots Market are – Brokk AB, Husqvarna, Conjet AB, TopTec Spezialmaschinen GmbH, Giant Hydraulic Tech, Beijing Borui Intelligent Control Technology, Alpine, Cazza, Construction Robotic, Shimizu Construction, Fujita Corporation, FastBrick Robotic, Ltd., Advanced Construction Robotics, Inc., Branch Technology, Built Robotics Inc., Kewazo GmbH, Komatsu Ltd., nLink AS, TopTec Spezialmaschinen GmbH, Cybe Construction BV, Ekso Bionics
5. What is the study period of this Market?
Ans: The Global Construction Robots Market is studied from 2022 to 2029.