Construction Robots Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

 

The Global Construction Robots Market is poised for substantial growth, with a valuation of US$ 91.2 million in 2021 and an estimated CAGR of 15.3% from 2022 to 2031, reaching a projected value of US$ 359.6 million by the end of 2031, according to the latest market report. The construction industry, traditionally reliant on manual labor, is undergoing a transformative shift towards automation to address challenges such as labor shortages, environmental impact, and the need for cost-effective and sustainable construction practices.

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Key Highlights:

Market Growth Drivers:

·         The adoption of advanced construction robotics is prompted by the demand for more affordable and environmentally friendly construction, coupled with labor and skills shortages.

·         Increasing fatal accidents at construction sites and a shortage of labor have created a pressing need for the deployment of robotic construction equipment.

·         Automation is seen as a solution to increase efficiency, productivity, and safety in construction, demolition, and renovation activities.

Key Players:

·         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

 

Market Trends:

The rise in demand for enhanced productivity, efficiency, and manufacturing flexibility is driving the adoption of construction robots, offering solutions such as modular home fabrication, robotic welding, and 3D printing of houses.

Rapid urbanization globally is fueling the demand for construction in various sectors, leading to increased construction spending and, consequently, the adoption of advanced construction robotics.