Market Size of Construction Robots Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 383.11 Million |
Market Size (2029) | USD 787.48 Million |
CAGR (2024 - 2029) | 15.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Construction Robots Market Analysis
The Construction Robots Market size is estimated at USD 383.11 million in 2024, and is expected to reach USD 787.48 million by 2029, growing at a CAGR of 15.5% during the forecast period (2024-2029).
The growing urbanization, industrialization penetration, and advanced construction & demolition operation factors are driving market revenue growth.
- The increasing focus of construction organizations on reducing building materials' resources and material waste during construction will drive the adoption of the construction robot market. Further, Autodesk identifies that while it is difficult to get exact figures of the waste produced on a typical construction site, several construction organizations have thought that nearly 30% of the total weight of building materials transported to a building site gets wasted.
- Further, reducing the construction time of the projects is aiding the growth of construction robots. Printstones, an Austria-based manufacturer of mobile 3D printing robots for construction, has launched its latest manufacturing robot. A modular design indicates the Baubot, which easily allows third-party customer modifications. Described as a 'multi-functional construction robot,' the rover-Esque device goes beyond concrete 3D printing. It qualifies for many flexible manufacturing processes such as material transportation, welding, milling, screwdriver, cutting, painting, and even bricklaying.
- Further, in May 2022, Dusty Robotics raised USD 45 million to announce the Industry's First Hardware, Software, and Services Solution to Destroy Construction Errors Through Advanced Robotics. FieldPrinter automates digital floor techniques on construction sites by printing them full-size on the floor through a mixture of hardware, software, and services.
- With the growing need for new infrastructure, automated construction solutions are expected to gain momentum over the coming years and impact the market positively. According to Redshift, the industry must build 13,000 buildings daily from now to 2050 to support an expected population of seven billion living in urban areas.
- Furthermore, high costs associated with acquiring and maintaining the technologies are one of the challenges in implementing construction robotics. The purchase, along with the implementation of the technologies, is costly. Therefore, only firms with a good turnover and market competition can afford these technologies. In addition to this, automation technologies need to be updated and maintained, and most of them are expensive to do it. The maintenance cost for the new robotics equipment is higher because of the exceptional technician's needs.
- The past outbreak of COVID-19 adversely affected the construction industry, with construction work coming to a standstill in the initial months of the lockdown. However, the product demand witnessed an increased interest in adoption from the industry owing to the safety benefits offered by the technology.
Construction Robots Industry Segmentation
Construction robots are professional service robots that are a part of construction and demolition work in the construction industry. Robots considered part of the study include demolition robots, radiation handling equipment, robots with cutting tools used in the industry, concrete removal robots, hydro demolition, bricklaying robots, 3D printing robots, and exoskeleton and exoskeleton masonry robots. Heavy civil construction robot equipment, such as earthmoving, drilling, and forepoling robots, is separate from the study.
The construction robots market is segmented by type (demolition, bricklaying, and 3D printing), application (public infrastructure, commercial, and residential buildings), and geography (North America, Europe, Asia-Pacific, and the rest of the world). The market sizes and forecasts are in terms of value in USD million for all the segments.
By Type | |
Demolition | |
Bricklaying | |
3D Printing | |
Other Types |
By Application | |
Public Infrastructure | |
Commercial and Residential Buildings | |
Other Applications |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Rest of the World |
Construction Robots Market Size Summary
The construction robots market is poised for significant growth, driven by factors such as urbanization, industrialization, and the need for advanced construction and demolition operations. The increasing emphasis on reducing material waste and construction time is propelling the adoption of robotics in the industry. Innovations like mobile 3D printing robots and automated digital floor techniques are enhancing efficiency and accuracy on construction sites. The demand for new infrastructure, coupled with the challenges of urbanization, is expected to further accelerate the adoption of automated construction solutions. However, high costs associated with acquiring and maintaining these technologies pose challenges, limiting their accessibility to well-established firms. Despite these challenges, the market is witnessing increased interest due to the safety benefits and efficiency gains offered by construction robots.
The Asia-Pacific region, particularly countries like China, India, and Japan, is a significant contributor to the construction robots market, driven by rapid urbanization and the development of 3D-printed houses. International companies are expanding their regional offerings to meet the growing demand for 3D printing technologies. The market is characterized by a fragmented landscape with major players like Brokk AB, Husqvarna AB, and Advanced Construction Robotics Inc. actively engaging in partnerships, innovations, and acquisitions to enhance their product offerings. The optimistic outlook for the construction industry, coupled with the need for improved efficiency and safety, is expected to drive positive growth in the market over the forecast period.
Construction Robots Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Demolition
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2.1.2 Bricklaying
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2.1.3 3D Printing
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2.1.4 Other Types
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2.2 By Application
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2.2.1 Public Infrastructure
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2.2.2 Commercial and Residential Buildings
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2.2.3 Other Applications
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2.3 By Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Rest of the World
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Construction Robots Market Size FAQs
How big is the Construction Robots Market?
The Construction Robots Market size is expected to reach USD 383.11 million in 2024 and grow at a CAGR of 15.5% to reach USD 787.48 million by 2029.
What is the current Construction Robots Market size?
In 2024, the Construction Robots Market size is expected to reach USD 383.11 million.