The 3D printing construction market was valued at USD .03 billion in 2021 and is likely to grow at a CAGR of 146.64% during 2022-2028 to reach USD 18.91 billion in 2028.
The growing demand for 3D printing construction is mainly due to its various advantages such as less construction time, cost-effectiveness, flexibility, less occurrence of an error, and great precision.
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.
Top players in the market
- Yingchuang Building Technique
- Apis Cor
- Monolite UK
- CSP s.r.l.
- CyBe Construction
To broaden the understanding, researchers have studied the 3D Printing Construction Market minutely. The report consists of segment-wise details such as application type, platform type, etc. It also covers the regional analysis, considering the potential regions and countries. Such segment-wise analysis will further assist the users in making suitable decisions for better growth opportunities.
Based on the construction method type, the market is segmented into extrusion and powder bonding. The extrusion segment held the larger share of the market in 2021 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. Through the extrusion process building components with complex geometrical structures can be constructed.
Based on the material type, the market is segmented as concrete, metal, composite, and others (foam, plastic, gypsum, and geopolymer). The concrete segment 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 leads the market. The growth can be attributed to the increase in population, which is giving rise to the construction of new houses in the urban and sub-urban areas globally, an upsurge in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing market during the forecast period, 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.
Critical Questions Answered in the Report
- What are the key trends in the 3D Printing Construction Market?
- How has the market (and its various sub-segments) grown in the last five years?
- What would be the growth rate in the next five years?
- What is the impact of COVID-19 on the market?
- What are the key strategies adopted by the major vendors to lead in the 3D Printing Construction Market?
- What is the market share of the top vendors?
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