Australian Fastbricks Robotics bricklaying bot maker wants to build 600,000 homes per year by 2023

Fastbrick Robotics Limited (ASX:FBR) is an Australian robotic technology company developing and commercializing digital construction technology solutions, including the revolutionary commercial bricklaying machine, Hadrian X.

The Hadrian X construction robot is on track to being completed by the end of the second quarter of 2018.

Fastbrick is now targeting 2 percent of the global market within the next five years, approximately 600,000 low-rise buildings a year.

They had a market study which indicated that 150,000 Hadrian X construction robots could replace all home construction workers in the world. Thus they would need to make and sell 3000 Hadrian X construction robots by 2023 in order to hit their 2% target.

In November, 2017, Fastbrick Robotics raised $35 million to help commercialize its Hadrian X bricklaying machine.