Robotics in Construction – Thematic Intelligence

Robotics in Construction Thematic Intelligence Report Overview

The construction industry has been generally slow to digitalize and adopt new technologies. As an industry, it relies heavily on manual labor resulting in low productivity growth. Adopting robots can increase safety on construction sites, ensure projects are delivered on time, and help maintain productivity. As costs decrease and the benefits become increasingly evident, construction companies will implement more robots across the ecosystem.

The ‘Robotics in Construction’ thematic intelligence report assesses how robotics can be utilized across all stages of the construction industry. It provides a comprehensive analysis of the industry, including real-life case studies that showcase how construction companies have responded to the impact of this theme on their operations. The report also gives an insight into the key players and the competitive landscape of the construction sector within the robotics theme.

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Robotics Value Chain Analysis

The core segments in the robotics value chain are hardware components, software components, robot manufacturing, and robotics as a service.

Robot Manufacturing

Robot manufacturing comprises industrial robots and service robots. Industrial robots are housed in safety cages as they lack sensory intelligence, making them dangerous to be placed near workers for fear of injury. Additionally, China is the key market for industrial robots due to accelerating automation in the Chinese manufacturing sector and the retooling of its automotive factories.

Robotics Value Chain

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Robotics in Construction – Competitive Landscape

The report highlights the companies that will make their mark within the robotics theme.

Leading robotics adopters in construction

A few of the leading robotics adopters in the construction industry are:

• Acciona
• Bouygues
• Caterpillar
• Doosan
• Hyundai Engineering & Construction
• Others

Leading robotics vendors

A few of the leading robotics vendors are:

• Cognex
• Cyberdyne
• Estun Automation
• FANUC
• HollySys
• Others

Specialist robotics vendors in construction

A few of the specialist robotics vendors in the construction industry are:

• ABB
• Advanced Construction Robotics (ACR)
• Brokk
• Built Robotics
• Construction of Buildings on Demand (COBOD)
• Others

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Construction Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.

• The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
• The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
• The risk screen ranks companies within a particular sector based on overall investment risk.

Thematic Screen

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Scope

• This report provides an overview of the robotics theme. The detailed value chain comprises four layers: hardware, software, robotic manufacturing, and robotics as a service. Leading and lagging vendors are identified across robotics in construction.
• The report identifies construction challenges, such as ESG, safety, productivity, and resource development, and an impact assessment of robotics on the construction industry, addressing these challenges.
• The report provides several case studies to analyze the multiple ways countries and companies have responded to the impact of this theme’s growth and what they are doing to grow with this theme.

Key Highlights

The construction industry is known for its strict timelines, hazardous conditions, and tight profit margins. Yet the industry relies heavily on human labor, which can be slower and less accurate than machines, and also puts human lives at risk. The Occupational Information Network ranks manual dexterity as the most important skill for construction workers, along with other physical abilities. However, the adoption of robotics in construction could lead to significant productivity gains. Robotics as a technology is unique in its ability to actively engage and interact with the physical world, making it well-suited to disrupt the construction industry.

The construction industry has been struggling to recruit labor to meet requirements. In a 2023 GlobalData survey, 51% of respondents said that a lack of sufficiently skilled labor was one of their main three barriers to investing in new technology. The industry’s aging workforce is a long-term issue, and its unfavorable perception is a significant obstacle in attracting young people. The adoption of robotics on work sites will alleviate labor shortages by enabling fewer workers to achieve more. Additionally, if companies are seen to be adopting newer technologies and innovative processes, this can help attract younger, more tech-savvy workers.

The use of robots can reduce how often workers are exposed to hazardous equipment and environments and need to undertake manual heavy lifting tasks. Loads can be safely lifted and transferred between stages without human intervention. Other dangerous tasks, such as roofing and demolition work, can increasingly be completed by robots. Advances in remote control technology also mean that, for some tasks, no human needs to be on the construction site. Instead, operators can observe from a remote location and intervene if necessary.

Reasons to Buy

The report will help you:

• Understand the robotics theme and its potential impact on the construction sector.
• Benchmark your company against your competitors and assess how construction companies are utilizing robotics to drive revenues.
• Identify attractive investment targets by understanding which companies are most advanced in the themes that will determine future success in the construction industry.
• Understand key industry challenges and where robotics use cases are most useful.
• Develop and design your corporate strategies through an in-house expert analysis of robotics by understanding the primary ways in which this theme is impacting the construction industry.
• Position yourself for future success by investing in the right robotics technologies.