The 3D Printing Construction Market report, published by Stratview Research is Segmented by Construction Method Type (Extrusion, Powder Bonding), by Material Type (Concrete, Metal, Composite, and Others), by End-Use Sector Type (Building, Infrastructure), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The 3D printing construction market was estimated at USD 0.08 billion in 2022 and is likely to grow at a CAGR of 141.54% during 2023-2028 to reach USD 18.91 billion in 2028.

What is 3D printing construction?

3D printing construction refers to various technologies that use 3D printing to fabricate buildings or construction components. 3D printing construction is majorly used for building complex components for private, commercial, and industrial construction. It provides advantages such as lower labor costs, faster construction, and higher accuracy.

3D printing construction is done with different materials such as concrete, metal, composite, and others. They are constructed through different construction methods such as extrusion and powder bonding.

COVID-19 IMPACT

Worldwide lockdowns and restrictions resulted in a complete standstill in construction. As a result, the 3D printing construction market saw a significant decline due to Covid-19.

The report estimates the current and future demand for 3D Printing Construction Market at the global, regional, as well as country-level. The report also studies all the major suppliers of the market located across the globe. The vital data/information offered in the report can play an important role for the market participants in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies in order to expedite their growth process. This exclusive report is the outcome of an exclusive research methodology including primary research and secondary research.

This joint venture will take on responsibilities for sales, distribution, and market development focusing on the adoption of 3D Construction printing (3DCP) solutions through various activities.

The following are the key features of the report:

·       Market structure: Overview, industry life cycle analysis, supply chain analysis.

·       Market environment analysis: Growth drivers and constraints.

·       Market segment trend and forecast.

·       Competitive landscape and dynamics.

·       Attractive market segments and associated growth opportunities.

·       Emerging trends.

·       Key success factors.

Market Dynamics

3D printing is gradually finding applications in the construction industry due to several reasons. A few are mentioned below –

• Benefits offered by 3D printing technology– The implementation of 3D printing technology transforms the construction industry by offering high accuracy, unparalleled efficiency, reduced labour cost, and significant construction speed. Also, 3D printing materials are affordable compared to others. These benefits are likely to propel the growth of 3D printing in the construction industry.
• Sustainability– 3D printing stands out as an energy-efficient alternative that produces considerably less amount of wastage, resulting in lower environmental impact. Thus, with the increasing emphasis on sustainable practices, 3D printing emerges as a valuable solution for the construction industry.
• Government initiatives and rising investments– The rising interest of governments in sustainable and innovative projects is also promoting the demand for 3D printing in the construction industry. Governments across the world are supporting industries that are developing innovative products through tax benefits, and credits. For instance - the European Union granted EUR 1.8 billion, in January 2023, through its Innovation Fund to 16 innovative projects that will avoid ~125 million tonnes of CO2 emissions in the first 10 years of operation.

Amidst the evolving landscape of the construction industry, strategic collaborations are taking place. In response to the growing need for innovative products in the construction industry, in November 2022, PT Modula Sustainability Indonesia, a subsidiary of PT Bakrie & Brothers, established a joint venture agreement with COBOD International, a 3D construction printing solution giant.

Key Players

• Yingchuang Building Technique
• XtreeE
• Apis Cor
• Monolite UK
• CSP s.r.l.
• CyBe Construction
• Sika

Segment Analysis

Based on the construction method type, the market is segmented into extrusion and powder bonding. The extrusion segment held the largest revenue share of >60% in 2022 and is expected to remain dominant during the forecast period owing to its superior characteristics, such as less construction time, fewer chances of error, and cost-effectiveness.

Based on the material type, the market is segmented as concrete, metal, composite, and others (foam, plastic, gypsum, and geopolymer). The concrete segment held the largest revenue share of >30% in 2022 and is expected to remain dominant during the forecast period owing to its various advantages, such as environmental resistance, compressive strength, cost-effectiveness, and design flexibility.

Based on the end-use sector type, the market is segmented into building and infrastructure. The building segment held the largest revenue share of >70% in 2022 and is expected to remain dominant during the forecast period.

The growth can be attributed to the increase in population, which is giving rise to the construction of new houses in urban and suburban areas globally. An upsurge in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.

Asia-Pacific is estimated to be the largest as well as the fastest growing market for 3D printing construction and it holds a revenue share of >40% in 2022, owing to the presence of a large number of manufacturers in the region.

China and Thailand are the major markets of the region. The market is majorly driven by an increase in population and a rise in the construction of commercial residential buildings in the region.

Frequently Asked Questions (FAQs)

-        What will be the size of the 3D Printing Construction Market in the coming years?

-        Who are the key players in the 3D Printing Construction Market and what are their market shares?

-        Which region is expected to remain the largest 3D Printing Construction Market?

-        Which region is expected to witness the highest growth in the 3D Printing Construction Market?

-        What are the key strategies adopted by the major vendors to lead in the 3D Printing Construction Market?

Report Customization Options

With this detailed report, Stratview Research offers customization options to the clients. This includes detailed company profiling of additional market players, Competitive Benchmarking of key players on the parameters like: Product portfolio, geographical reach, regional presence, and strategic alliances.

About Us

Stratview Research is a global market research and consulting service provider, offering syndicated and custom research reports. Our business intelligence and industry research reports offer clients with insightful and actionable market data to aid strategic decision making. These exclusive reports are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more. Stratview Research helps its users tract the ever-evolving market scenarios through its top-notch market reports.

Get in touch with us at – [email protected].

Or connect with our experts at +1-313-307-4176