A new report from Tractica highlights the need for innovation in the construction industry, as the market has been pretty much stagnant in efficiency growth. Historically, labor intensive industries have simply hired new workers to increase productivity, but now, many companies are using robots to improve speed, safety, and increase profits, while simultaneously solving labor shortages.
Robots have the potential to disrupt the construction industry with their ability to perform tasks with speed and accuracy. Global midsize and major companies capitalize on their skills as they integrate into building automation and information modeling (BIM). As more companies adopt construction robots, they will increasingly see the benefits that will spur providers to release more products.
The report forecasts that market revenue will increase from $22.7 million in 2018 to $226 million annually by 2025 and 7,000 robots estimated to be sold to construction companies over that period. Robot assistants will be in the highest demand to users 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,” reports 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.”