3D Concrete Printing Market Dominated by mass customization and enhanced architectural flexibility, inherently green technology, and the rise in demand for affordable housing drive the demand for 3D concrete printing.
Middle Eastern 3D concrete printing market is projected to be the largest market between 2018 and 2023. Factors such as the supportive government initiatives and the demand for affordable houses are driving the 3D concrete printing market in the region. Initiatives such as “Dubai 3D Printing Strategy,” which estimates to 3D print 25% of country’s buildings by 2030, aiming to establish Dubai as a leading hub of 3D printing technology, are expected to drive the demand for 3D concrete printing in the region.
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3D concrete printing market was valued at USD 0.3 million in 2017 and is projected to reach USD 1,480.5 million by 2023, at a CAGR of 317.3% during the forecast period. Increasing interest in green construction and the cost efficiency provided by the 3D concrete printing as compared with traditional buildings methods have increased the demand for this technology. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.
“Based on technique, the extrusion-based segment accounted for the largest share of the 3D concrete printing market in 2017.”
3D concrete printing market is anticipated to experience significant growth in the near future due to increasing demand for new constructions globally owing to rapid urbanization and industrialization along with increased investments in the infrastructural developments in the emerging markets.
Research methodology used to estimate & forecast size of 3D concrete printing market started with capturing data on 3D concrete printed projects, value of each commercialized 3D concrete printed project through secondary research from sources such as companies’ websites, articles on 3D concrete printing, and partnership reports on 3D printed construction. Vendor offerings were taken into consideration to determine the market segmentation.
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Report aims at estimating 3D concrete printing market size & future growth potential of 3D concrete printing market across different segments on the basis of offering, technique, end-use sector, and region. It also provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges).
Report segments the world 3D concrete printing market on the basis of product type, technology, concrete type, end-use, and geography. According to product type, the market is segmented into walls, roofs, floor, staircase, paving slabs, and panels & lintels. Walls made from 3D printers are expected to be in demand during the forecast period as they can be readily made and offer variability in their design.
Primary objective of this study is to define, forecast, and segment 3D concrete printing market on the basis of offering, technique, end-use sector, and region. The study also aims at strategically analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to the total market.
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The market for 3D concrete printing is led by major players such as Winsun (China), XtreeE (France), Monolite UK (UK), Apis Cor (Russia), CSP s.r.l. (Italy), CyBe Construction (Netherlands), and Sika (Switzerland).
Breakdown of Primaries
- By Company Type: Tier 1 –40%, Tier2 –33%, and Tier 3 –27%
- By Designation: C Level – 50%, Director Level – 20%, and Others – 30%
- By Region: North America –20%, Europe –50%,Asia Pacific –15%,and RoW* –15%
Asia-Pacific is the leading market in the global 3D concrete printing market owing to the factors such as increasing environmental concerns, growing awareness towards sustainable construction, efforts towards standardization, and expanding application segments. Other factors such as rising urbanized population in China and India along with the growth in disposable income in these countries also impact the growth of the market positively.