Type: Building robotics marketplace may just triple through 2030, attaining $164 million | Information

New research suggests that the global market for construction robotics will triple by 2030. The figures, generated by Straits Research, predict that the construction robotics market will grow from its current $50 million value to reach $164 million by the end of the decade, increasing at a compound annual growth rate (CAGR) of 14%.

“Primary factors promoting the shift towards adopting robots in the construction industry are enhanced productivity, quality, worker safety, and global urbanization,” the research says, noting that robotics could eliminate or mitigate the risks of human error, operate in hazardous environments, and improve precession and efficiency during the construction process. Straits also identifies the “demolition robot market” as a submarket expected to experience growth.

While North America and Europe hold the maximum share of market value, the research points to Asia-Pacific as a future source of expansion for the industry. “The demand for infrastructure and housing solutions in growing economies, majorly situated in the Asia-Pacific region, is expected to accelerate their investment in construction technologies,” the research continues. “Such a growth rate in urbanization and the increased need for houses to be provided to meet the demands push the market for construction robots.”

The potential applications and accelerated growth of robotics in construction have been evident through multiple recent articles in our editorial. In May, we covered China’s ambition to build a hydroelectric dam with AI-controlled robots, while one month previous, a Houston-based company secured $9.4 million in funding for the design of a robot that automates construction layouts.

2021 saw ETH Zurich unveil a robotically-assembled sculpture inspired by the Hanging Gardens of Babylon, while a Canadian company offered an insight into their new robotics factory focused on urban housing projects.