The construction robotics market size is expected to see rapid growth in the next few years. It will grow to $10.96 billion in 2028 at a compound annual growth rate (CAGR) of 18.8%. The growth in the forecast period can be attributed to an upsurge in construction activities, the increase in construction of residential and commercial sectors, growth of the emerging economies, investments in the construction activities, and increasing focus on worker safety. Major trends in the forecast period include the development of new technologies, Integration with intelligent control systems, integration with artificial intelligence (AI), incorporating machine learning (ML), and technologically advanced robots.
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Scope Of Construction Robotics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Construction Robotics Market Overview
Market Drivers –
The increase in construction in the residential sectors is expected to propel the growth of the construction robotics market going forward. The residential sector refers to areas designated for living spaces, such as homes and apartments. The increase in construction in residential sectors is due to increased productivity, addressing labor shortages, improving safety, and reducing construction time and costs. Construction robots provide uniformity and consistency in their work, ensuring that construction standards are met consistently across all projects and help to improve the efficiency, safety, and overall quality of residential construction projects. For instance, in March 2024, according to the Australian Bureau of Statistics, an Australia-based government agency, there were 30,992 dwellings of private new houses in 2023, rising 3.7% from December and an increase of 14.6% since March 2023. Further, private and other residential completions increased to 14,844 dwellings, a 5.6% increase compared with December 2023. Therefore, the increase in construction in the residential sectors is driving growth in the construction robotics market.
Market Trends –
Major companies operating in the construction robotics market are focused on developing innovative robots, such as rebar installing robots to enhance automation in construction tasks, improve efficiency and precision in the installation process, and reduce the labor-intensive nature of rebar placement. Rebar-installing robots are specialized machines designed to automate the process of placing and securing steel reinforcing bars (rebar) in concrete structures that enhance the efficiency, precision, and safety of construction projects, making them a valuable tool in modern construction practices. For instance, in March 2023, Advanced Construction Robotics (ACR), a US-based company that manufactures construction robots, launched IronBOT, the first robot designed specifically for lifting, carrying, and placing rebar. IronBOT is intended to augment construction crews by handling the physically demanding task of rebar installation. It can lift and place rebar bundles in transverse and longitudinal orientations without requiring heavy lifting from workers.
The construction robotics market covered in this report is segmented –
1) By Type: Demolition, Bricklaying, 3D Printing, Surveillance, Concrete Structural Erection, Finishing Work, Doors And Windows Installation, Other Types
2) By Sales Type: New Sales, Aftermarket
3) By End-User: Residential, Industrial, Commercial
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Regional Insights –
North America was the largest region in the construction robotics market in 2023. Europe is expected to be the fastest-growing region in the market going forward. The regions covered in the construction robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the construction robotics market are Husqvarna AB, KUKA Robotics, Scaled Robotics, Brokk AB, Boston Dynamics, Con Mech Engineers Ltd., HoloBuilder Inc., Doxel Inc., COBOD International AS, Ekso Bionics Holdings Inc., Giatec Scientific Inc., Built Robotics Inc., Construction Robotics LLC, KEWAZO, Dusty Robotics, Branch Technology, Advanced Construction Robotics Inc., Fabrica AI, Hyperion Robotics, OKIBO
Table of Contents
1. Executive Summary
2. Construction Robotics Market Report Structure
3. Construction Robotics Market Trends And Strategies
4. Construction Robotics Market – Macro Economic Scenario
5. Construction Robotics Market Size And Growth
…..
27. Construction Robotics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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