Construction Cobot Market Trends and Forecast
The future of the global construction cobot market looks promising with opportunities in the commercial building and residential building markets. The global construction cobot market is expected to grow with a CAGR of 20.3% from 2024 to 2030. The major drivers for this market are increasing innovations in AI and sensor technology, accelerating project timelines and reducing costs, and rising demand of minimizing hazardous tasks for human workers.
• Lucintel forecasts that demolition is expected to witness the highest growth over the forecast period.
• Within this market, commercial building is expected to witness higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Cobot Market
• United States: Several construction firms, like Turner Construction, have announced partnerships with cobot manufacturers to deploy robots for safer and more efficient construction tasks. Government incentives aim to increase cobot adoption by 20% in construction.
• China: Companies such as China State Construction Engineering Corporation (CSCEC) have set ambitious targets to integrate cobots into major infrastructure projects, supported by government subsidies and policy initiatives promoting automation in construction.
• Germany: Industry leaders like Züblin AG are piloting cobot technologies to enhance construction site productivity, aiming to achieve a 15% reduction in labor costs. Government-backed research grants are accelerating cobot development in construction.
• Japan: Obayashi Corporation has committed to deploying cobots across its construction sites to achieve a 30% increase in efficiency. The Japanese governmentÄX%$%Xs strategic roadmap includes subsidies for cobot adoption, targeting a 25% reduction in construction time for public infrastructure projects.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Cobot Market by Segment
The study includes a forecast for the global construction cobot market by type, application, and region.
Construction Cobot Market by Type [Value from 2018 to 2030]:
• Demolition
• Bricklaying
• Finishing Work
• Doors & Windows Installation
• Others
Construction Cobot Market by Application [Value from 2018 to 2030]:
• Commercial Building
• Residential Building
• Others
Construction Cobot Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Cobot Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction cobot companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction cobot companies profiled in this report include-
• FBR
• Conjet
• Autonomous Solutions
• Universal Robots
• ABB
• Beijing Borui Intelligent Control Technology
• Kawasaki
Recent Development in the Construction Cobot Market
• ABB Robotics: ABB Robotics introduced a new series of collaborative robots designed specifically for construction applications, aimed at improving safety and efficiency on construction sites.
• Faro Technologies: Faro Technologies launched a new cobot solution integrated with advanced 3D scanning capabilities, enabling real-time monitoring and quality control in construction projects.
• Trimble Inc.: Trimble Inc. announced partnerships with several construction firms to integrate its cobot solutions with Building Information Modeling (BIM) software, enhancing project planning and execution.
• Universal Robots: Universal Robots unveiled a cobot platform tailored for the heavy-duty construction tasks, equipped with AI-driven features for autonomous operation and enhanced productivity.
• Caterpillar Inc.: Caterpillar Inc. showcased its collaboration with robotics companies to develop autonomous construction vehicles integrated with cobot technology, aiming to revolutionize site logistics and operations.
Features of the Global Construction Cobot Market
Market Size Estimates: Construction cobot market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction cobot market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction cobot market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction cobot market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction cobot market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for construction cobot market?
Answer: The global construction cobot market is expected to grow with a CAGR of 20.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the construction cobot market?
Answer: The major drivers for this market are increasing innovations in AI and sensor technology, accelerating project timelines and reducing costs, and rising demand of minimizing hazardous tasks for human workers.
Q3. What are the major segments for construction cobot market?
Answer: The future of the construction cobot market looks promising with opportunities in the commercial building and residential building markets.
Q4. Who are the key construction cobot market companies?
Answer: Some of the key construction cobot companies are as follows:
• FBR
• Conjet
• Autonomous Solutions
• Universal Robots
• ABB
• Beijing Borui Intelligent Control Technology
• Kawasaki
Q5. Which construction cobot market segment will be the largest in future?
Answer: Lucintel forecasts that demolition is expected to witness the highest growth over the forecast period.
Q6. In construction cobot market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the construction cobot market by type (demolition, bricklaying, finishing work, doors & windows installation, and others), application (commercial building, residential building, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Construction Cobot Market, Construction Cobot Market Size, Construction Cobot Market Growth, Construction Cobot Market Analysis, Construction Cobot Market Report, Construction Cobot Market Share, Construction Cobot Market Trends, Construction Cobot Market Forecast, Construction Cobot Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.