Press release
Global Construction Robotics Market Projected to Surpass $12.99 Billion by 2029 with 18.7% Annual Growth
The market size of construction robotics has seen a significant increase in the recent past. It is projected to escalate from $5.5 billion in 2024 to $6.55 billion in 2025, experiencing a compound annual growth rate (CAGR) of 19.1%. The historic period's growth is primarily due to construction firms' heightened attention to minimizing building resource wastage, surging labor costs, increased use of robotics in the construction sector, mounting pressure for more rapid completion of construction projects, and governmental regulations coupled with safety issues.
The market size of construction robotics is projected to experience a swift expansion in the subsequent years. It is predicted to reach $12.99 billion by the year 2029, with a compound annual growth rate (CAGR) of 18.7%. Factors attributing to the growth in the forecast period involve a boost in construction projects, expansion of both residential and commercial sector constructions, progressive economies, investments made in construction activities, and an enhanced focus on safeguarding workers. Prominent trends during the forecasting period encompass the emergence of new technologies, fusion with intelligent control systems, integration of artificial intelligence (AI), application of machine learning (ML), and more technologically superior robots.
What Is Contributing to the Growth of the Construction Robotics Market?
The construction robotics market is anticipated to surge in response to escalating construction activities within the residential domain. Living spaces such as houses and apartments constitute the residential sector. This construction surge in the residential sector is a result of amplified productivity, remedying labor scarcity, enhancing safety measures, and curtailing construction time and expenditure. The utilization of construction robots assures uniformity and dependability in tasks, providing consistent adherence to construction norms across varied projects. These robots also augment efficiency, safety, and the overarching quality of residential construction ventures. For instance, data from the Australian Bureau of Statistics in March 2024 reported 30,992 residential properties newly built privately in 2023 alone, marking a 3.7% rise since December and a 14.6% uptick since March 2023. Additionally, the completion rate of private and other residential properties increased by 5.6% in comparison to December 2023, escalating to 14,844 dwellings. Hence, these rising trends in the residential construction sector are stimulating expansion within the construction robotics market.
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Which Key Market Leaders Are Driving Construction Robotics Industry Growth?
Major companies operating in the construction robotics market are Husqvarna AB, KUKA Robotics, Scaled Robotics, Brokk AB, Boston Dynamics, Con Mech Engineers Ltd., HoloBuilder Inc., Doxel Inc., COBOD International AS, Ekso Bionics Holdings Inc., Giatec Scientific Inc., Built Robotics Inc., Construction Robotics LLC, KEWAZO, Dusty Robotics, Branch Technology, Advanced Construction Robotics Inc., Fabrica AI, Hyperion Robotics, OKIBO
What Are the Emerging Trends in the Construction Robotics Industry?
In the construction robotics industry, key players are concentrating their efforts on creating innovative robots like those used for installing rebar. These aim to promote automation in construction work, increase the accuracy and efficiency of the process, and alleviate the labor burden associated with rebar installation. Robots for rebar installation are specialized machines developed to streamline the procedure of positioning and fastening steel reinforcing bars in concrete structures. This accelerates efficiencies, ensures precision, and improves the safety of construction projects, thereby emerging as an indispensable asset in current construction methods. For example, in March 2023, Advanced Construction Robotics (ACR), a US company that produces construction robots, introduced IronBOT, the first-ever robot designed expressly for lifting, transporting, and positioning rebar. IronBOT aims to supplement construction groups by taking over the physically strenuous task of installing rebar. It is capable of lifting and situating rebar bundles both transversely and longitudinally, eliminating the need for workers to carry out heavy lifting.
What Are the Main Segments in the Construction Robotics Market?
The construction roboticsmarket covered in this report is segmented -
1) By Type: Demolition, Bricklaying, 3D Printing, Surveillance, Concrete Structural , Finishing Work, Doors And Windows Installation, Other Types
2) By Sales Type: New Sales, Aftermarket
3) By End-User: Residential, Industrial, Commercial
Subsegments:
1) By Demolition: Robotic Demolition Arms, Remote-Controlled Demolition Robots
2) By Bricklaying: Automated Bricklaying Machines, Robotic Bricklaying Systems
3) By 3D Printing: Robotic 3D Concrete Printers, Additive Manufacturing Systems for Construction
4) By Surveillance: Drones for Site Monitoring, Robotic Surveillance Systems
5) By Concrete Structural : Robotic Systems for Steel and Concrete , Automated Formwork Systems
6) By Finishing Work: Robotic Painting Systems, Automated Flooring Installation Robots
7) By Doors and Windows Installation: Robotic Door Installation Systems, Automated Window Fitting Machines
8) By Other Types: Robotic Surveying Equipment, Construction Logistics Robots, Maintenance and Inspection Robots
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Which Geographic Area Leads the Construction Robotics Market?
North America was the largest region in the construction robotics market in 2024. Europe is expected to be the fastest-growing region in the market going forward. The regions covered in the construction robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Construction Robotics Global Market Report?
- Market Size Analysis: Analyze the Construction Robotics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Construction Robotics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Construction Robotics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Construction Robotics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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