The global construction robots market reached a value of US$ 78.6 Billion in 2018. Looking forward, the market is forecast to reach a value of US$ 186.6 Billion by 2024, registering a CAGR of 15.5% during 2019-2024.
The thriving construction industry, coupled with rapid urbanization, is the key factor driving the growth of the market. Additionally, rising construction of megastructures and high-quality infrastructure has enhanced the requirement of construction robots to counter the shortage of skilled labor.
Moreover, technological advancements such as the introduction of 3D printing robots in construction projects are also contributing to the market growth. They are used to design models for bridges and prototypes for buildings that simplify the construction of intricate designs to save time and resources. Furthermore, the rising trend of aerial robotics is also expected to drive the market.
These robots include devices such as Unmanned Aerial Vehicles (UAV) or drones that are extensively used for safety inspections, site surveying, and accessing hazardous zones. Increasing adoption of exoskeleton equipment that includes wearable mechanical suits to lift heavy material, machinery and supplies is also catalyzing the market growth.
The report has also analyzed the competitive landscape of the market with some of the key players being Brokk, Husqvarna, Komatsu, Ekso Bionics, Fujita, Conjet, Giant Hydraulic Tech, Apis, Alpine Sales and Rental, CyBe Construction, MX3D, Construction Robotics, Fastbrick Robotics, TopTec Spezialmaschinen, etc.
Key Questions Answered in This Report
How has the global construction robots market performed so far and how will it perform in the coming years?
What are the key regional markets in the global construction robots industry?
What is the breakup of the market based on the type?
What is the breakup of the market based on the automation?
What is the breakup of the market based on the function?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global construction robots industry?
What are the key driving factors and challenges in the global construction robots industry?
What is the structure of the global construction robots industry and who are the key players?
What is the degree of competition in the global construction robots industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends
5 Global Construction Robots Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Type 5.4 Market Breakup by Automation 5.5 Market Breakup by Function 5.6 Market Breakup by Application 5.7 Market Breakup by Region 5.8 Market Forecast
6 Market Breakup by Type 6.1 Traditional Robot 6.2 Robotic Arm 6.3 Exoskeleton
7 Market Breakup by Automation 7.1 Fully Autonomous 7.2 Semi-Autonomous
8 Market Breakup by Function 8.1 Demolition 8.2 Bricklaying 8.3 3D Printing 8.4 Concrete Structural Erection 8.5 Finishing Work 8.6 Doors and Windows 8.7 Others
9 Market Breakup by Application 9.1 Public Infrastructure 9.2 Commercial and Residential Buildings 9.3 Nuclear Dismantling and Demolition 9.4 Others
10 Market Breakup by Region 10.1 Asia Pacific 10.2 North America 10.3 Europe 10.4 Middle East and Africa 10.5 Latin America