Construction Robots Market 2022 Precise Outlook - Brokk AB, Husqvarna AB, Construction Robotics, LLC, FastBrick Robotics, Ltd
The construction robot market is expected to grow at a CAGR of approximately 13.56% during the forecast period from 2021 to 2026.
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Top Leading Companies of Construction Robots Market are 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. and others.
Industry News and Updates
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.
Key Market Trends
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.
Regional Outlook of Construction Robots Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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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.
Analytical Tools: The 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, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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