Worldwide Construction Robot Market will be fiercely competitive by 2024

Construction Robot Market demand by 2024 will be driven by need for automation in the industry. These machines are utilized for performing several functions, which were earlier done by human efforts. With the advent of automated machines in the industry, the high-intensity work is completed within a short period of time. The advantage of automation to this sector is the reduction in the labor cost and ultimately a drop in the total cost borne by companies. Several types of automated systems are being developed in the construction robot market such as 3D printing robots, which are used to build large buildings. It is also widely used in building bridges; for instance, in October 2017, world’s first 3D printed bridge was built in the Netherlands. Low penetration of automated solutions in the sector offers a huge growth potential to the market.

Technological advancements and innovations in the construction robot market are expanding the demand for automation for performing the tasks, which are time-consuming when human efforts are employed. These machines are developed to support and carry out the different functions and job which are performed by the workers. Several technological advancements in the market, such as home-making robots for building prefabricated roofs, walls, and floors and Semi-Automated Mason (SAM), which include bricklaying functions and 3D printing concrete houses are making the industrial work faster, safer, and more creative. At present the penetration of the technology in the overall construction industry is much lower. The increasing consumer spending and growing demand for residential facilities owing to the rise in global disposable income is projected to coerce businesses into increasing their output by indulging in the robotic equipment, thereby driving the construction robot market demand.

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Remote control machines account for a significant market share of the construction robot market. The growing needs and requirements for automation and reducing human efforts in the industry are encouraging the players to develop new technologies, which would support the workforce to perform the operations and tasks efficiently and effectively on proper time. This will benefit the organization by increasing the productivity within a shorter period and reducing the high costs associated with the hiring of skilled workforce in the industry. For instance, Husqvarna DXR have advanced features such as low weight, high power, and functional design. The advantages of these machines for the industry are wider reach with the help of an arm that can rotate 360-degree, efficiency, ease-of-operation, and compact design. Such advantages are propelling the equipment usage thereby positively impacting the market.

The commercial sector is expected to grow over the coming years in the market due to the rise in the commercial infrastructure activities. The need for advanced technologies and products is increasing rapidly, which is being catered to by manufacturers in the construction robot market. The increasing infrastructure projects in developing countries including India, China, and South Korea are creating a high demand for advanced and automated machines, which will support the workforce to perform several big tasks within a limited time. The required efficiency and productivity in the development of these projects are crucial to ensure the strength and stability of the infrastructure.

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North America accounted for the majority of the industry shares in the market. The technological advancements and availability that are provided by the manufacturers cater to the demand and requirements of the customers in the region. Moreover, the presence of major players and huge customer base in the region offer a high growth potential. The areas of applications include underground mining, structural assembly, and underwater search and inspection. With the increase in the commercial infrastructures in the region, the market will experience high growth and development.

Key players operating in the industry are Husqvarna, Conjet AB, Brokk AB, Giant Hydraulic Tech, TopTec Spezialmaschinen GmbH, Alpine, Cazza, Construction Robotics, ULC Robotics, Beijing Borui Intelligent Control Technology, Shimizu Construction, Fast Brick Robotics, and Fujita Corporation. These players are competing based on the customer demands and requirements for performing several operations and tasks efficiently and effectively with the help of highly automated products, saving on human efforts and time. Several strategies adopted by these players in the market include new product development and product differentiation to attract the customers. The demand for these machines is projected to increase in the construction robot market with the rise in the development of infrasturcture projects.

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