The construction industry, traditionally reliant on manual labour, is witnessing a technological revolution with the integration of robotics. Transparency Market Research Inc. reports that the global construction robots market, valued at US$91.2 billion in 2021, is anticipated to register a robust compound annual growth rate (CAGR) of 15.3% from 2022 to 2031. By 2031, the market is projected to reach US$359.6 billion.
Urbanisation is a key driver of this growth. As populations migrate from rural to urban areas, the demand for housing and infrastructure increases. To accommodate the rising population density, innovative and efficient building methods are necessary. In response, the construction sector is turning to robotics to enhance productivity, safety, and cost efficiency.
The market for construction robots is diverse, encompassing various applications such as 3D printing, demolition, bricklaying, material handling, and surveillance. Notably, demolition robots dominated the market in 2021, accounting for 35.4% of the global market share. Demolition is inherently dangerous, posing significant risks to manual labourers. Robotics in demolition enhances worker safety and boosts productivity, thereby reducing overall operating costs for construction companies.
The construction robots market is highly concentrated, with a mix of large and small vendors controlling most of the market share. Major players are heavily investing in research and development to create environmentally friendly products and to expand their product portfolios. Key strategies employed by these companies include mergers, acquisitions, and diversification.
Prominent companies in the global construction robots market include:
- ABB Ltd.
- Advanced Construction Robotics Inc.
- ANYbotics AG
- Blue Ocean Robotics
- Brokk AB
- Construction Robotics LLC
- FANUC America Corporation
- Fujita Corporation
- Giant Hydraulic Tech
- Komatsu
The construction robots market is poised for significant growth, driven by urbanisation and the need for innovative building solutions. As the industry continues to evolve, robotics will play a crucial role in addressing labour shortages, enhancing safety, and improving efficiency. The report by Transparency Market Research Inc. underscores the transformative potential of robotics in the construction sector, marking a shift towards a more technologically advanced future.
