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2021
Construction Robotics Market

Construction Robotics Market

by Application (Demolition, 3D Printing, Material Handling, and Surveillance), Sales Type (New Sales and Aftermarket) and End User (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A09408
Pages: 190
Jan 2021 | 6611 Views
Author(s) : Digvijay P
Tables: 108
Charts: 45
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COVID-19

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Construction Robotics Market Statics - 2027

The construction robotics market size was valued at $2,450.7 million in 2019, and is expected to reach $7,880.3 million by 2027, registering a CAGR of 23.3% from 2020 to 2027. Construction robotics refers to construction operations that are automatically carried out by using automated construction equipment or construction robots. It is used in applications such as building and demolishing of residential, commercial, and industrial infrastructures. Construction robotics has reduced or completely removed human intervention from construction activities. Construction robots are used in activities such as demolition of structures as well as 3D printing of walls & structures. In addition, construction robots can be used for material handling activities such as placing bricks to build wall and transportation of building material vertically or horizontally on construction site. Further, automatic drones are used for surveillance of construction sites that are not easily accessible or need to be remotely monitored.

Construction robotics market was hampered owing to limited construction activities carried out due to lockdown. In addition the residential was most affected end-user segment due to restrictions implemented by the government on construction of residential infrastructures.

Construction robotics is an effective solution in the construction industry. It is majorly driven due to enhanced productivity and quality achieved by robots. In addition, there is more security and safety in the works done in adverse conditions. For instance, demolition activity can cause injury to the worker while breaking down the structure, however, the demolition robot can be used instead of a person. This makes the operation safer for the workers. Further, there is rapid adoption of 3D printing globally as an alternative for high cost for skilled labor. In addition, there is minimum wastage of building material in 3D printing process, thus driving the construction robotics market globally. However, the technology designed and developed to operate the equipment can be costlier. Smart sensors, development of software, configuration of equipment with the software, and actual carrying out the construction operations and activities increase the cost of the system. Therefore, these factors restrain the construction robotics market growth. 

Construction-Robotics-Market-2020-2027[1]

Moreover, during the outbreak of COVID-19, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were also stopped or restricted to a huge extent. Construction and transportation activities along with their supply chains were hampered on a global level. This led to decline in manufacturing of construction material and robots, which directly hampers the market of construction robotics. However, gradually, all industries are resuming their regular manufacturing and services. This is further expected to lead to re-initiation of construction robots manufacturing companies at their full-scale capacities, which is expected to help the market to start to recover by the end of 2021.

Construction Robotics Market
By Application

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Surveillance segment holds the largest share in construction robotics market

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On the contrary, there is rise in adoption of automation in the construction industry. There are lots of new technologies being developed that are configured with the equipment and used in construction activities. This has resulted in efficiently carrying out the construction processes. By recognizing the growth of automation in the construction market, several new start-ups have been founded and robotics has been introduced in the construction market. 

The construction robotics market is segmented into application, sales type, end user, and region. On the basis of application, the market is divided into demolition, 3D printing, material handling, and surveillance. Based on sales type, it is bifurcated into new sales and aftermarket. Depending on end user, it is classified into residential, industrial, and commercial. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Construction Robotics Market
By End-user

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Residential segment holds dominant position in 2019

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By application, in 2019, the surveillance segment dominated the construction robotics market, in terms of revenue while the 3D printing segment is expected to witness growth at the highest CAGR during the forecast period. By sales type, in 2019, the new sales segment dominated the market, in terms of revenue while the aftermarket segment is expected to witness growth at the highest CAGR during the forecast period. By end user, the residential segment led the market in 2019, in terms of revenue and is anticipated to register the highest CAGR during the forecast period.

Competition analysis

The major players profiled in the construction robotics industry include Advanced Construction Robotics, Beijing Borui Intelligent Control Technology Co. Ltd., Branch Technology, Brokk Group, Built Robotics Inc., Conjet AB, Construction Robotics, DJI, Kewazo GmbH, and Yingchuang Building Technique (Shanghai) Co. Ltd. (WinSun). Major companies in the market have adopted strategies, such as business expansion, agreement, and product launch, to offer better products and services to customers in the construction robotics market. For instance, in May 2020, Brokk launched a new remote controlled robot, Brokk Descaler, designed especially for breaking out coating, refractory and build-up in several areas in the preheated tower, alumina plants, and primarily cement.

Construction Robotics Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2019 and is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging construction robotics market trends and dynamics. 
  • In-depth construction robotics market analysis is conducted by estimations for the key segments between 2020 and 2027. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The construction robotics market forecast analysis from 2020 to 2027 is included in the report.
  • The key players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.

Construction Robotics Market Report Highlights

Aspects Details
By Application
  • Demolition
  • 3D Printing
  • Material Handling
  • Surveillance
By Sales Type
  • New Sales
  • Aftermarket
By End-user
  • Residential
  • Industrial
  • Commercial
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
 

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The construction robotics market is mainly driven by its advantages, such as enhanced productivity and work quality, along with the safety of the worker. In addition, there has been rapid adoption of 3D printing in the construction industry. The construction robotics market was valued at $2,450.7 million in 2019, and is expected to reach $7,880.3 million by 2027, registering a CAGR of 23.3% from 2020 to 2027.

However, high costs of construction robots have adversely affected the sales of construction robotics products. On the contrary, increasing adoption of automation in the construction industry in developed countries is expected to drive the growth of the construction robotics market during the forecast period.

Major companies in the market have adopted strategies, such as agreement, business expansion, and product launch, to offer better services to customers in the construction robotics market.
 

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FREQUENTLY ASKED QUESTIONS?

A. The global construction robotics market size was valued at $2,450.7 million in 2019, and is projected to reach $7,880.3 million by 2027, growing at a CAGR of 23.3% from 2020 to 2027.

A. The forecast period considered for the global construction robotics market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

A. To get latest version of global construction robotics market report can be obtained on demand from the website.

A. The base year considered in the global construction robotics market report is 2019.

A. The top companies holding the market share in the global construction robotics market report include Advanced Construction Robotics, Beijing Borui Intelligent Control Technology Co. Ltd., Branch Technology, Brokk Group, Built Robotics Inc., Conjet AB, Construction Robotics, DJI, Kewazo GmbH and Yingchuang Building Technique (Shanghai) Co.Ltd. (WinSun).

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By application, in 2019 the surveillance segment dominated the global construction robotics market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By end-user, the residential segment is the highest share holder of global construction robotics market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the global construction robotics market is $1,820.9 million in 2020.

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