Construction Robots Market Size to Surpass USD 3,541.8 million by 2029, Size, Share, Trends, Competitive Landscape and Regional Overview

The global construction robots market size is anticipated to reach USD 3,541.8 million by 2029, according to a new report by Global Market Vision. The market is expected to grow at a CAGR of 17% from 2022 to 2029. The global adoption of advanced construction robot technologies has been prompted by the need for more environmentally friendly and affordable construction with reduced environmental impact and skills & labor. However, only a few construction firms have currently adopted robotic automation, indicating that market players have a significant opportunity to transform the industry through innovative and advanced product launches. Furthermore, due to the security risks of the construction industry and the increasing number of fatal accidents, there is a growing need for the adoption of robotic automation systems.

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Construction tasks' inherent complexity, labor-intensive work models, and uniqueness of design necessitate significant human expertise and effort. These construction industry challenges can be overcome by developing computer vision and implementing advanced technologies such as machine learning and artificial intelligence to increase the efficiency and automation capacity of construction robots.

Market Dynamics
Driver: Growing urbanization worldwide
The increasing population largely drives the increasing demand for construction equipment. The global scenario of people migrating from rural to urban areas has also propelled this demand even further. According to the United Nations Population Division, the global population is projected to reach 9.5 billion by 2050, and the urban population is expected to account for a minimum of 64% share of it.
In recent years, APAC, which primarily includes emerging construction robot market such as India and China, has progressed tremendously in the construction industry. Asian cities are expected to hold 52% of the world's urban population, creating the largest workforce by 2050.

Restraint: High equipment cost
One of the biggest challenges faced by the construction robot industry is its high capital requirement. Service providers of heavy construction machines have to invest huge amounts for purchasing and maintaining the equipment. Maintaining a proper balance between the equipment requirement and its ability to generate profits or obtain finance is a crucial factor for survival and growth in the construction industry. This huge investment requirement also creates entry barriers to the market, which constrains the volume demand for the equipment, causing low scope for price reductions, owing to low economies of scale.

Opportunity: Rise in automation at construction sites
The rise in automation at construction sites is expected to bring a near-term revolution in the construction industry, thereby opening huge opportunities for construction robots. Automation is rising in each and every field of construction and has provided a flexible way of building and operating facilities by developing automated and robotized construction systems.
The rise in robotic automation in masonry prefabrication, construction sector and precast concrete industry, timber construction, steel component production, and so on, has encouraged many players to enter the construction robot industry. Some companies such as Fastbrick Robotics (Australia) and Construction Robotics (US) have already entered the automated masonry prefabrication field with their autonomous bricklaying solutions, which can directly be used at the construction sites. The prefabricated brickwork is gaining high traction as it leads to the elimination of manpower requirements with the drastic increase in productivities. The mining, tunneling, earthworks, road construction, and other construction sites are also highly automated with high accuracy for the tasks such as excavation, setting molds, placing reinforcement bars, and distributing concrete. The automation also enables the on-site production of construction materials such as cement, steel, aluminum, glass, and wood, making the construction process enabled flexible using robots.

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Challenge: Unpredictable layout of the construction sites
As the layouts of the construction sites vary with projects, the robotic construction process needs to be predefined to robotize the entire project. The construction companies do not have any specific plan for the implementation of autonomous or semi-autonomous construction robot solutions. As these solutions are new for many companies and require significant changes, the companies are unclear about integrating robotics in the planning and design phases. The quantitative determination of the potential of construction robot solutions is considered to be a complex and diverse process, which further complicates the adoption of robots. Also, high cost is another factor involved in direct machine monitoring of construction sites on the basis of architectural plans, without the need of an additional engineer. Hence, the integration of suitable information technology that is in compliance with the operational robotic technology becomes redundant with respect to different construction layouts.
The complete robotic construction solutions also require an integrated infrastructure, which works in unison, for the functioning of the entire robot in accordance with the site layout. Although many companies provide automated robotic solutions, still there is a large disparity in the required operating standards and interfaces of the construction layout. Hence, the different categories of accuracy for different layouts have to be defined exactly and considered during the development of the projects. Thus, the unpredictable layout of the construction sites poses a huge challenge for the deployment of construction robots to a large scale.

Construction Robots Market Segmentation

Construction Robots Function Outlook (Volume, 000' Units; Revenue, USD Million, 2017 - 2029)
• Demolition
• Bricklaying
• Material Handling
• Others

Construction Robots Type Outlook (Volume, 000' Units; Revenue, USD Million, 2017 - 2029)
• Traditional Robots
• Robotic Arm
• Exoskeleton

Construction Robots End-use Outlook (Volume, 000' Units; Revenue, USD Million, 2017 - 2029)
• Industrial
• Residential
• Commercial

Recent Developments
• In December 2017, Husqvarna Group's Construction Division agreed to acquire the Light Compaction & Concrete Equipment business of Atlas Copco (Sweden). The acquisition was expected to support the overall ambition of Husqvarna Group growing the market share of the construction division.
• In November 2017, Fastbrick Robotics raised USD 27.6 million with the support of Global Institutional Funds and Domestic Funds. The key focus is on the assembly, testing, and demonstration of the 2 Hadrian X commercial prototypes being built
• In September 2017, Ekso Bionics raised USD 34 million of gross proceeds, which includes the investment of USD 20 million by Puissance Capital Management (US). The company raised the fund in fully financed rights offerings. The capital raised through this financing was expected to provide the company with additional resources to further advance the adoption and development of its innovative exoskeleton solutions in both the rehabilitation and industrial verticals.
• In March 2017, Brokk launched Brokk 500 featuring more demolition power, Brokk SmartPower electrical system, more powerful breaker, extended reach, and industry-leading serviceability.
• In February 2017, Fujita developed and tested a disaster response machine, Robo-Q Ⅱ, for in-field operations. The machine, which is a simple remote-controlled device, is an advanced version of Robo-Q, with enhanced mobility.

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