Market-intelligence firm Tractica forecasts growing interest in construction robots will drive an increase in market revenue from $22.7 million in 2018 to $226.0 million annually by 2025. During that period, more than 7,000 construction robots are forecast to be deployed to address a variety of construction and demolition tasks.
Tractica says the historically labor-intensive industry is ripe for disruption, and observes that a growing number of construction companies are already incorporating robots to solve labor shortages and reap the benefits of improved speed, efficiency, safety, and profits. The largest market in terms of unit shipments will be for robot assistants used on construction sites, followed by infrastructure robots, structure robots, and finishing robots.
“At this early stage in the construction robotics industry, a few companies are offering products for sale or lease,” says senior analyst Glenn Sanders. “The main categories that are currently available include robots for demolition, bricklaying, drilling, 3D printing, and rebar tying, plus a few exoskeletons and assistant robots for lifting loads.”
Sanders adds that midsize and major construction companies are beginning to adopt these robots to solve issues related to labor shortages, safety, speed, accuracy, and integration with building automation and building information modeling (BIM).
Tractica’s report, “Construction & Demolition Robots”, provides forecasts and market sizing for construction robots shipments and revenue in the 2018 to 2025 timeframe, segmented by world region and application type. The report provides an in-depth discussion of the global market trends, drivers, challenges, and technological issues influencing the market development of construction robots. A detailed picture of market participants is presented, based on interviews with CEOs and research profiling 28 key players, as well as a company directory of 60 significant and emerging industry players.