Construction Robots Market worth USD 554.9 million by 2030

The Market Statsville Group (MSG) publishes the new report on the "Construction Robots Market by Type (Traditional Robot, Robotic Arm, and Exoskeleton), by Function (3D-printing Robots, Bricklaying Robots, Demolition Robots, and Other Functions), by Automation (Fully Autonomous and Semi-Autonomous), by Application (Commercial Buildings, Public Infrastructure, Residential Buildings, Other Applications, 3D-printing Robots, Bricklaying Robots, Demolition Robots, and Other Function), by Region – Global Share and Forecast to 2030". The global construction robots market size is expected to grow from USD 284.7 million in 2021 to USD 554.9 million by 2030, at a CAGR of 8.7% during the forecast period. Artificial intelligence (AI) 's game-changing potential and the superiority in automation have rendered a ripe market for the global service robotics market. Construction robots have come a long way in the past decade. The development of 3D printing is anticipated to provide opportunities for the market. 3D-printing robots can build large buildings according to the requirement of clients. A mobile robotic arm controls a 3D-printer, and with a set of preprogrammed instructions, this system 3D prints an entire structurally-safe building.

Similarly, construction robots and drones can provide vital information about a worksite with the help of sensors such as Lidar with GPS technologies. Coupled with AI, it can help predict the tasks required at a certain place at a certain time. Furthermore, the technical ability to automate a variety of tasks with changing complexities has encouraged an exponential demand for service robots in the construction industry.

Global Construction Robots Market Segmentation

The overall construction robots market has been segmented into type, function, automation, application, and region.

• By Type (Traditional Robot, Robotic Arm, and Exoskeleton)
• By Function (3D-printing Robots, Bricklaying Robots, Demolition Robots, and Other Functions)
• By Automation (Fully Autonomous and Semi-Autonomous)
• By Application (Commercial Buildings, Public Infrastructure, Residential Buildings, Other Applications, 3D-printing Robots, Bricklaying Robots, Demolition Robots, and Other Function)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Commercial buildings, by application, hold the largest market share during the forecast period

The global construction robots market is segregated into commercial buildings, public infrastructure, residential buildings, and other applications based on application. The commercial buildings segment generated the highest revenue of 40.1% of the total global construction robots market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. Demolishing is an integral process in the construction industry as it is an essential process in renovation activities and new commercial buildings. Demolishing is time-consuming, potentially hazardous work, regardless of job site conditions. Also, selectively demolishing concrete elements within an existing structure for renovation purposes while using heavy equipment is challenging for construction companies. Robots can play an important role in a building’s life cycle whether it is new commercial construction, demolition, or renovation. The construction industry as being a highly unautomated industry can witness a major impact on the emergence of construction robots.

Presently, companies such as Skanska, and integrated design practitioners, Fosters & Partners, have collaborated to build commercial 3D concrete printing robots, which can print complex structural components with concrete. Further, players are launching novel robots and various partnerships with players catering to the growth in the region. For instance, in June 2020, Boston Dynamics announced the debut of sales for Spot. This agile robot climbs stairs, traverses rough terrain, and is intended for commercial and industrial use. All of the major markets in North America, Asia Pacific, and Europe relatively have high building activity levels. As the demand for more buildings increases, construction using robots will become increasingly profitable and desirable within the construction sector.

Don't miss out on business opportunities in Construction Robots Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.

North America accounts for the largest market share in the construction robots market in 2021

Based on the regions, the global construction robots market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the highest market share of 37.2% in the global construction robots market and was anticipated to maintain its dominance throughout the forecast period. North America is expected to grow rapidly in the construction robot market over the forecast timespan owing to the early adoption of technically advanced products in the end-use industries. Construction is a major contributor to the U.S. economy with having more than 680,000 employers with over 7 million employees and creates nearly $1.3 trillion worth of structures each year. Construction is one of the leading customers for manufacturing, mining, and various services.

The construction robot market is driven by rapid commercialization and the progress of its construction industry. Additionally, the early acceptance of technology in this region has encouraged the construction robot market to flourish briskly. The U.S. doubles its robotic investments to establish itself as a world leader in robotics technologies. Rarely is there a chance to regain footing in a global technology race; however, the new and advancing field of construction robots backed by artificial intelligence (AI) has provided the U.S. an exclusive but waning opportunity to take a leadership position in this emerging field.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the construction robots market. It also consists of the profiles of leading companies such as Ekso Bionics, Brokk AB, Komatsu Europe International N.V., Fujita Corporation, Autonomous Solutions, Inc., TopTec Spezialmaschinen Gmbh, Giant Hydraulic Tech Co., Ltd., Alpine Sales & Rental Corp., and FBR Limited.

Browse complete report: https://www.marketstatsville.com/construction-robots-market

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

Contact Us:

Market Statsville Group

416, East Standsberry Street, Perkins, Oklahoma 74059, USA

USA: +1-580-205-2707 | +91 702 496 8807

Email: sales@marketstatsville.com

Web: www.marketstatsville.com