Construction Robotics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Application, Sales Type and End User : Global Opportunity Analysis and Industry Forecast, 2020-2027

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 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. 

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.

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).

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.

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)

Analyst Review

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.
 

Author Name(s) : Digvijay Pawar & Rohit Sawant | Sonia Mutreja

Related Tags

• Material Handling