Rapid urbanization and industrialization have resulted in growth the global construction robot market.
Due to the anticipated shortage of skilled labor in manufacturing industries, increasing automation using industrial robots to counter the skill gap is one of the solutions adopted by companies. Service robots are increasingly being adopted for new applications due to various advantages such as increased productivity, streamlined processes, and more excellent workplace safety.
Increased investment in building & construction industry, adoption of advanced construction tools, rising penetration of automation in construction activities, and declining prices of construction robots are the major factors influencing the growth of the global construction robot market. Rapid urbanization and industrialization have resulted in growth of population across urban centers globally. This has significantly contributed towards the acceleration of constriction activities across major countries. With minimal penetration of automation in construction activities, the construction robots have witnessed single digit growth during past couple of decades. However, to meet the rising demand for new residential and commercial space across the globe has fueled the adoption of automated construction tools or construction robots. Though, the developed economies were the early adopters of construction robots, current demand is dominated by the developing or emerging economies globally. Development and adoption of 3D printing technology across the construction industry is anticipated to remold the dynamics of the global building & construction industry in coming years. Additionally, rising awareness and declining prices of construction robots is anticipated to contributed towards the growth of the global construction robot market during the forecast period.
Asia Pacific contributed a dominating share to the global construction robot market in 2019 in terms of revenue and volume and is anticipated to be a dominating geography throughout the forecast period. Increased adoption of advanced technologies across building & construction industry and expanding building & construction industry across the emerging countries is anticipated to drive the growth of the Asia Pacific construction robot market during the forecast period. Presence of leading robot manufacturers cross China, Japan, South Korea and India is anticipated to contribute towards the growth of Asia Pacific construction robot in coming years. Europe is estimated to contribute towards the technology development during the forecast period owing to increased investment in research & development across Western European countries. North America to witness steady growth during the forecast period owing to slack in demand from commercial construction activities across the United States.
Major players active in the global construction robot market include Alpine Sales and Rental, Autonomous Solutions, Beijing Borui Intelligent Control Technology, Brokk AB, Construction Robotics, Ekso Bionics, Fastbrick Robotics, Fujita, Giant Hydraulic Tech, Komatsu, TopTec Spezialmaschinen GmbH, and Yingchuang Building Technique Co. (WinSun)