The Global 3D Concrete Printing Market is projected to reach a value of over USD 1.6 billion by 2027 at a CAGR of around 15.8%.
3D concrete printing refers to various technologies that use 3D printing as a core to the method for fabrication buildings or construction components. Architects and city planners have been using 3D printers to create a model of the layout or shape of a building for many years. There are already prototype of printer systems that use concrete and other more specialized materials to create a structure similar to a small house. The goal is the replace many cranes and even construction workers with these printing systems. They would work by using the 3D design model created on CAD software, to create a layer by layer pattern on the building just as a normal 3D printer works today. Most of the innovation in this area will have to come from the creation of the appropriate materials.
Market Driver:
According to the United States Census Bureau, the construction spending in September 2019 was USD 1,301.8 billion. Ongoing construction activities coupled with construction spending is expected to drive the growth of the 3D concrete printing market across the globe. This was attributed to the benefits offered by 3D concrete printing such as optimization of material consumption, growth in productivity, maintained quality, reduced construction waste, and others. Thus, these factors are expected to propel the 3D printing concrete market in the near future.
In construction industry, today 3D concrete printing is becoming more popular owing to the benefits offered the printers such as faster construction, increasing design ability, cost savings, and others. 3D concrete printing technology is used in construction of bridges, houses, cabins, offices, pavilions, large-scale structures, shelters, and more. 3D concrete printing enables manufacturers and building companies to utilize pre-designed concrete components for construction projects, which saves time, money and labor in the process. Thus, 3D concrete printing has helped in reduction of construction cost, expected to boost the growth of market.
Market Restraint:
3D printing technology is mainly used for rapid prototyping and mass customization process. Moreover, rapid prototyping and mass customization are expected to become a need for various end-user industries such as healthcare, automotive, aerospace & defense, consumer electronics, and consumer goods. Precision, speed, accuracy, and others are some of the features offered by 3D printing. Owing to these features, costs incurred initially are higher. Application of 3D concrete printing in construction requires accuracy and precision, and are of greater importance. However, industrial 3D printers take up more space as compared to desktop 3D printers. Thus, an initial investment that is required for industrial 3D printers will be high during the forecast period. Moreover, the maintenance cost required for the same is high.
The report on the 3D concrete printing market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million), Volume (Unit) |
Segments Included |
Technique, Concrete Type, Product Type, and End-users |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
3D Concrete Printing Market, by Technique
3D Concrete Printing Market, by Concrete Type
3D Concrete Printing Market, by Product Type
3D Concrete Printing Market, by End Use
3D Concrete Printing Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE 3D CONCRETE PRINTING MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY