Construction Robots Market 2021 Strategic Assessment- Brokk AB, Husqvarna AB, Construction Robotics, LLC, FastBrick Robotics, Ltd.

Construction Robots Market - Growth, Trends, And Forecast (2020 - 2025)

The report presents an in-depth assessment of the Construction Robots including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Construction Robots investments from 2020 till 2025.

The construction robot market is expected to grow at a CAGR of approximately 13.56% during the forecast period from 2020 to 2025. The increasing focus of the construction organizations in reducing the resource and material waste of the building materials during construction has driven the adoption of the construction robots' market.

The Construction Robots market is highly competitive and consists of a number of major players. Top Companies like Brokk AB, Husqvarna AB, Construction Robotics, LLC, FastBrick Robotics, Ltd., Advanced Construction Robotics, Inc., Dusty Robotics, Inc., Apis Cor, COBOD International A/S, Ekso Bionics Holdings, Inc.

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Industry News:

- June 2020 - GE Renewable Energy, LafargeHolcim, and Cobod have announced to develop printed pedestals that support 200 meters tall turbine columns. In the future, they aim to produce a wind turbine prototype with a printed foundation and a specific type of printer and materials. Making turbines taller would make them capture stronger winds, thereby generating more renewable energy per turbine.
- February 2020 -The world's largest 3D printed building has officially been completed in Dubai. The two-story 6,900 square-foot structure will be used as an office for typical administrative functions by the Dubai Municipality. The facility was designed in collaboration with Apis Cor, a 3D printing, and construction company in Boston.

Scope of the Report

The US Green Building Council stated that building construction alone constitutes a total waste of 30% in the United States. The European Commission anticipates it at 25-30% of material waste in the European Union, and global estimates hover in the range of 25-40%. Building construction utilizes 40% of universal energy and 40% of the world's raw materials. The drive to reduce this wastage has shifted the focus towards the adoption of the.

Key Market Trends

Demolition Type is Expected to Hold Significant Share

- Demolishing is an integral process in the construction industry as it is an essential process in the renovation activities and new commercial buildings. Demolishing is time-consuming, potentially hazardous work, regardless of job site conditions. Also, selectively demolishing concrete elements within an existing structure majorly for renovation purposes, while using heavy equipment is a challenging job for the construction companies. According to the Robotic Industries Association, demolition robots occupy approximately 90% of the total market share for construction robots.
- Since demolition is one of the most hazardous tasks of the construction industry, manual workers are prone to various fatal accidents and damages. Implementing robotics for demolition function increases the safety and efficiency of the workers, hence increasing the cost savings for the construction companies. Further, according to Ekso, the US spends USD 21 billion per year on workplace-related injuries that drain productivity. Construction workers are almost five times more likely to report poor health, and 20% of construction workers report severe pain. This significantly caters to the high demand for Demolition Robots during the forecasted period.
- In October 2019, Waste Robotics, based in Quebec, has announced a partnership with Torxx Kinetic Pulverizer for deploying their equipment to a materials processor in the Atlanta area. Waste Robotics will supply three WR-2 C&D sorting robots to sort construction and demolition waste and several types of green waste at the facility. The robots will able to recognize hundreds of different materials, including organics, plastics, papers, woods, bricks, concrete, and metals. They can precisely determine the quality of the wood and the differences between aggregates and plastics. Besides, Torxx will supply a kinetic pulverizer to the customer.
- In November 2019, Brokk finalized a deal with Brock Rentals Inc. to upgrade the rental company's fleet of remote-controlled demolition units with 12 next-generation models, including Brokk 110s, 170s, 200s, and 300s. With the new models, Brock Rentals' fleet now features more than 50 Brokk remote-controlled machines from the compact Brokk 60 to the heavy-duty Brokk 400. The intelligent electrical system, SmartPower, protects the machine from the damage that can be caused by inadequate power supplies while optimizing power and hydraulic performance in extreme temperatures.

North America is Expected to Hold Major Share

- While manual labor has been a huge and very critical component of modern construction, technology has been continuously improving since the first pulleys and power tools. Robots are the beginning to help get the work done. With low US unemployment and shortages of skilled labor, automation is key to meeting demand and continued economic growth. However, According to PIAAC data, it is calculated that 38% of jobs in the United States are at significant risk of being automated during the next decade. According to a report by the Associated General Contractors of America, 70% of contractors in the US struggle to hire skilled craft workers. This comes as hiring needs in the industry are expected to grow 12% by 2026 with the demand of construction robots.
- Further, players are launching innovative robots and various partnerships among players catering to the growth in the region. For instance, in June 2020, Boston Dynamics announced the debut of sales for Spot, which is the agile robot that climbs stairs and also traverses rough terrain and is intended for commercial and industrial usage. It is currently only available for purchase in the United States, with a price of USD 74,500. In February 2020, Trimble, Hilti, and Boston Dynamics announced a collaboration for exploring the integration of both Trimble's and Hilti's construction management software solutions, known as GNSS technology and reality capture devices with the Boston Dynamics' Spot robot platform.
- The companies aim to collaborate to develop a "proof-of-concept" solution. Equipped with Trimble's and Hilti's reality capture devices as their payload and directly communicating with a cloud-based construction management application, the Boston Dynamics Spot Robot will be able to provide consistent output and deliver improved efficiency on repeatable tasks and enable up-to-date as-built data analysis. Further to cater to the issue of labor shortage, in September 2019, Built Robotics announced a USD 33 million Series B round. The aim is to allow one equipment operator to oversee a fleet of vehicles working autonomously in parallel, hopping in the cab only for tasks the machine can't handle.
- In September 2019, San Francisco-based Built Robotics announced the close of a USD 33 million Series B led by Next47, the venture fund backed by Siemens. Built Robotics has announced over USD 100 million in customer commitments for its construction solutions. Built Robotics will use the capital to improve its fleet of autonomous robots, expand into new construction areas, and develop tools to support the next generation of equipment operators. Built's technology transforms construction equipment, including excavators, bulldozers, and skid steers, into fully autonomous robots. Built's current fleet of robots has excavated 100,000 tons of material on projects such as wind farms, housing developments, and utility solar installations.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Construction Robots Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

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