A wide range of construction robotics activities includes 3D printers, demolition robots, and material handling robots for tasks like placing bricks to build walls, transporting building material vertically or horizontally, or using drones to monitor construction sites. These activities occur on new residential, industrial, and commercial infrastructure sites. The rapid adoption of construction robotics can be attributed partly to their benefits, such as increased worker safety and productivity and better overall work quality. In addition, 3D printing is becoming increasingly popular in developed countries because it provides an alternative to expensive, highly-skilled labor and produces minimal waste. Because 3D printing produces very little waste, this is the case. Due to the high cost of the automatic operating technology and its configuration with construction equipment, construction robots have an increased cost, which is a constraint on the market for construction robots. While this may be true, the growing use of automation in the construction industry has opened up new possibilities for developing robotic technologies and their implementation. Because of this, the construction robotics market is expected to benefit significantly from the increasing adoption of automation in this industry.
In developed countries, skilled labor is expensive and raises project costs. The new technology for printing concrete in three dimensions reduces costs by printing error-free, intricate structures. 3D printers can build complex structures in large quantities, reducing labor costs. Manual labor during construction also generates waste. Some concrete is wasted when building walls, slabs, or pillars. Concrete 3D printing doesn't produce waste. The 3D printer has a nozzle that deposits concrete in exact amounts. This reduces construction waste and saves money on concrete. Individualized structures are time-consuming to build manually. Computerized and atomized 3D concrete printing technology can print more structures in less time and with greater precision than the manual process. As a result, 3D concrete printing has increased, driving the construction robotics market.
Demand for construction robots is directly linked to advancements in various technologies, such as robotics. There has also been a significant increase in demand for integrated grade control systems because of the belief that it will increase output. As a result, it is easy to replace skilled workers, a resource becoming more and more challenging to acquire in the modern era. Automated technology has decreased the costs of skilled labor and the overall cost of production. Compared to traditional methods, the time and money saved using automation technologies also include inventory management. Contractors and architects increasingly use automation to perform 3D printing, material handling, and demolition tasks. New growth opportunities for the construction robotics industry are being created.
Asia-Pacific is the highest revenue contributor, growing at a CAGR of 26.3% during the forecast period. The market's growth in Asia-Pacific, particularly in China and India, has been fueled by increased construction activity in the region. The governments of countries like Singapore, China, Japan, and India are actively investing in large-scale infrastructure projects. Rapid urbanization in developing countries is expected to provide lucrative expansion opportunities for the construction industry. Asia-increasing Pacific's capacity to spend money on infrastructure and construction projects is also expected to fuel the growth of Asia-construction Pacific's drone industry. As a result of urbanization, renovation and reconstruction projects are bolstered, increasing the demolition industry. As a result, the Asia-Pacific construction robotics market is expected to grow during this forecast period.
North America is the second-largest contributor to the market and is estimated to reach around USD 3128.4 million at a CAGR of 20.2% during the forecast period. There has been a steady rise in the North American 3D concrete printing and robotic material handling industries in their infancy. However, it is expected to increase due to technological advancements and challenges such as 3D printing's poor finish and material handling's technical expertise in the U.S. The space in North American cities like New York, Boston, Seattle, Toronto, and Vancouver is so vast that it has become increasingly necessary to accommodate large numbers of people in a small area. Old buildings and houses are being demolished, and new high-rise buildings are being constructed to accommodate the maximum population, as evidenced by current trends. Because of this, the demand for demolition robots has grown significantly.
The key players in the global Construction Roboticsmarket included Advanced Construction Robotics, Beijing Borui Intelligent Control Technology Co. Ltd., Branch Technology, Brokk Group, Built Robotics Inc., Conjet AB, Construction Robotics, DJI, Kewazo GmbH, and Yingchuang Building Technique (Shanghai) Co. Ltd. (WinSun).