The global 3D printing construction market size was valued at USD 10 thousand in 2021 and is anticipated to grow at a CAGR of 91.5% during the forecast period, 2021–2028. The growth of the market is attributed to the rising use of 3D printing in construction business.
The 3D printing technology is used for preparation of complex building models with the help of software programs. The use of 3D printing provides improved efficiency, high accuracy, greater speed of construction, and reduced labor cost. To reduce the construction costs as well as energy-efficient buildings the businesses are using the 3D printing along with green construction procedures. The green construction is the use of sustainable building material and construction processes for creation of building without impacting the environment. As per the World Green Building Trends Survey of year 2018, nearly 47% of the companies has planned to use green technology for construction of 60% of their projects by 2021.
The Building Information Modeling (BIM) gives information regarding the resources as well as collaborative platforms for architects, construction professional, and engineers for effective functioning of planning, managing, and designing. Government of various regions are focusing on increasing awareness regarding the construction businesses by taking initiatives, such as Innovation Expo, National Icons Competition, Innovation Attaché Network, and smart industrialization. These programs are strengthening industries by use and application of advanced technologies which supports the use of 3D printing.
The COVID-19 pandemic has negatively impacted the growth of the market. Various projects of construction around the globe were stopped due to the disruption of supply chain of raw materials for construction projects. This impact is estimated to recover as the pandemic decline and normal supply of the resources resumes.
The report on the global 3D printing construction market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | 3D Printing Construction Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Methods (Extrusion, Powder Bonding, and Others), Material Types (Concrete, Metal, Composite, and Others), End-users (Building and Infrastructure), |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | COBOD International A/S; Yingchuang Building Technique (Shanghai) Co.Ltd.(Winsun); XtreeE; Apis Cor; WASP S.r.I; CyBe Construction; Sika AG; MX3D; Contour Crafting Corporation; ICON Technology, Inc.; and Constructions -3D |
Based on methods, the global 3D printing construction market is divided into extrusion, powder bonding, and others. The extrusion segment is expected to grow at a rapid pace. The segment showed revenue share of greater than 61% in year 2020. This is attributed to the high use in on-site constructions. It is also called as Fused Deposition Modeling, which is a manufacturing technique for modeling, production application, and prototyping. It finds application in traditional construction materials such as concrete, clay, plaster, geopolymer, and cement.
The powder bonding segment is expected to propel at a significant rate in the forecast period. The powder bonding is highly used in the construction of complex formworks with the use of 3D printing technology. As the methods is simple, fast, and accurate its demand is high.
On the basis of material types, the global market is segmented into concrete, metal, composite, and others. The concrete segment is projected to expand at a considerable CAGR. The segment showed revenue share of 32% in year 2020. This is attributed to the benefits of the 3D concrete print as it offers cost-effective construction as well as it makes double-curved surface manufacturing possible.
The metal segment is anticipated to propel in the coming years owing to the benefits offered to create non-prismatic sections, internal stiffening, functionally graded elements, openings, and others. Metal 3D printing in highly used for connections and designing nodes.
On the basis of end-users, the global market is bifurcated into building and infrastructure. The building segment is estimated to grow at a significant rate. The segment showed revenue share of greater 73% in year 2020. The segment include residential, commercial, and industrial construction. Several companies are collaborating with 3D printer companies for construction homes with the help of 3D printing technology.
The infrastructure segment is anticipated to gain substantial rate owing rising demand of 3D printing technology to construct bridges, furniture, and infrastructure with the use of material such as plastic, composite, and metals. Several program used by the organization to build 3D print bridges around the world is fueling the market segment growth.
In terms of regions, the global 3D printing construction market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
Asia Pacific is anticipated to constitute a key market share owing to the rising opportunities in the construction sector. Japan and China are major countries which shows great opportunities for matured and emerging technologies such as 3D printing construction. The presence of great number of industries in the region is the key contributing factor for the market.
Europe market is anticipated to show lucrative growth during the forecast period. This is attributed to the government initiatives for development of construction industry in the region. The heavy investment on the 3D printing technology by the major market players of the region is the key driving factor for the market.
The global 3D printing construction market has been segmented on the basis of
Segment 1
*** SS means sub-segments
Segment 2
Regions
Key Players
The key players in the global 3D printing construction market are COBOD International A/S; XtreeE; Yingchuang Building Technique (Shanghai) Co.Ltd.(Winsun); ICON Technology, Inc.; WASP S.r.I; CyBe Construction; Apis Cor; Sika AG; Contour Crafting Corporation; MX3D; and Constructions -3DThese key players have adopted a series of market strategies including new product launching, entering into partnership, collaboration, and production expansion to enhance their market position and expand their consumer base.
The global 3D printing construction market has been segmented on the basis of
Segment 1
*** SS means sub-segments
Segment 2
Regions
Key Players
The key players in the global 3D printing construction market are COBOD International A/S; XtreeE; Yingchuang Building Technique (Shanghai) Co.Ltd.(Winsun); ICON Technology, Inc.; WASP S.r.I; CyBe Construction; Apis Cor; Sika AG; Contour Crafting Corporation; MX3D; and Constructions -3DThese key players have adopted a series of market strategies including new product launching, entering into partnership, collaboration, and production expansion to enhance their market position and expand their consumer base.
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