SUBSCRIBE TO OUR FREE NEWSLETTER
PUBLISHED |

Construction robotics market to reach US$226m worldwide by 2025

Construction robotics market to reach US$226m worldwide by 2025 article image

Construction is a historically labour-intensive industry with little automation.

While productivity in many other industries has risen substantially, productivity in construction has been nearly flat because little technology has been developed or introduced until recently.

Previously, the solution to achieving more production was to simply add more workers.

But times are changing. Construction companies are now looking to new robotic technologies to solve labour shortages.

According to a new report from Tractica, the industry is ripe for disruption, and a growing number of construction companies are incorporating robots to solve labour shortages and reap the benefits of improved speed, efficiency, safety, and profits.

khaw-tiling-robot-2Robots are beginning to make their way into a variety of construction tasks, promising to change the way the industry creates homes, buildings, and other infrastructure.

Tractica forecasts that growing interest in construction robots will drive an increase in market revenue from US$22.7 million in 2018 to $226 million annually by 2025.

During that period, the market intelligence firm forecasts that more than 7,000 construction robots will be deployed to address a variety of construction and demolition tasks. 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.

Solving issues related to labour shortages

“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 labour shortages, safety, speed, accuracy, and integration with building automation and building information modelling (BIM).

Tractica’s report, “Construction & Demolition Robots”, provides forecasts and market sizing for construction robots shipments and revenue during the 2018 to 2025 timeframe, segmented by world region and application type.Construction robot

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.

An Executive Summary of the report is available for free download on the firm’s website.

Source: Tractica

related

comments

Leave A Comment

Spinning icon Saving your comment, please wait...
Spinning icon Saving your comment, please wait...
SUBSCRIBE TO OUR FREE NEWSLETTER

Featured Products