Stratview Research announces the launch of a new market research report on the 3D Printing Construction Market 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.
This detailed report provides a complete analysis that reflects today’s 3D Printing Construction Market realities and future possibilities, with a forecast period of 5 years.
The report segmentation evaluates the market to deliver a bird's-eye view to the users. The essential data/information offered in the report can be vital for the market participants to formulate new growth strategies and for staying ahead of the pack.
This report offers detailed overview of the 3D Printing Construction Market along with the industry life cycle analysis, supply chain analysis, Growth drivers and constraints, market trend and forecast analysis, competitive landscape and dynamics, associated growth opportunities and 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– 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.
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.
Research Methodology
Stratview Research specifically relies on two types of research methodology –
- Primary research interviews to get the strategic insights on the market, directly from the industry experts.
- Secondary research to acquire necessary information for this study. Stratview Research leverages more than 1,000 secondary sources, such as company websites, press releases, white papers, and annual reports and constantly validates through its internal records for authenticity.
Segment-Wise 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.
The report discusses current key players in the 3D Printing Construction Market on the basis of intensive research. According to the experts, the market has the following key players-
- Yingchuang Building Technique
- XtreeE
- Apis Cor
- Monolite UK
- CSP s.r.l.
- CyBe Construction
- Sika
Why invest in this report?
The report covers 360-degree angle of the 3D Printing Construction Market and answers the following critical questions -
l What are the key trends in the 3D Printing Construction Market?
l How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
l What is the impact of COVID-19 on the 3D Printing Construction Market?
l What are the key strategies adopted by the major vendors to lead in the 3D Printing Construction Market?
l What is the market share of the top vendors?
About Us
Stratview Research is a global market research company helping its clients’ tract the ever-evolving market scenarios through its market reports. The reports offered here are gathered by market experts with the help of reliable secondary sources and primary interviews with the key players in the market. These reports help the user stay ahead of the curve. It helps the users understand the current and future market trends and challenges on the way.
Connect with Stratview Research at –
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