Segments - 3D Printing Construction Market by Method (Extrusion, Powder Bonding, and Others), Material Type (Concrete, Metal, Composite, and Others), End-user (Building and Infrastructure), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global 3D printing construction market size was USD 1.5 Bn in 2022 and is likely to reach USD 748 Bn by 2031, expanding at a CAGR of 87.2% during 2023–2031. The market growth is attributed to the rising use of 3D printing in the construction business.
3D printing technology is used for the 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 construction costs as well as energy-efficient buildings businesses are using 3D printing along with green construction procedures.
Green construction is the use of sustainable building materials and construction processes for the creation of building without impacting the environment. As per the World Green Building Trends Survey of the year 2018, nearly 47% of the companies have planned to use green technology for the construction of 60% of their projects by 2021.
Building Information Modeling (BIM) gives information regarding the resources as well as collaborative platforms for architects, construction professionals, and engineers for effective functioning of planning, managing, and designing. Governments 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 through the use and application of advanced technologies which support 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 the supply chain of raw materials for construction projects. This impact is estimated to recover as the pandemic decline and the normal supply of resources resumes.
The global 3D printing construction market report has up-to-date insights that help in formulating a strategic roadmap about the estimated market scenario and performance during 2023 to 2031.
The high adoption of 3D printing in the construction industry is driving the growth of the market. 3D printing has the potential to develop the construction industry by allowing for faster, cheaper, and more efficient building methods. The implementation of 3D printing in the construction industry is increasing the demand for market growth. There are several benefits to the construction industry such as manufacturing, waste reduction, reduced human error, and design freedom drive market growth in the construction sector.
The requirement of large investments in 3D printing construction is anticipated to restrict the growth of the market. The materials used in the traditional construction process are less expensive than compared to those that are used in commercial and industrial 3D printers. Additionally, factors such as the limitation of machinery, material constraints, and concerns related to intellectual property rights are anticipated to hinder the growth of the market during the forecast period.
The adoption of building information modeling (BIM) is increasing and is estimated to create lucrative opportunities in the growth of the market. BIM is the complete process of managing and creating information during the construction, design, and operation process. A collaborative perspective allows real estate developers, engineers, architects, contractors, manufacturers, and other infrastructure professionals to design, plan, and construct a 3D building.
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 |
2022 |
Historic Data |
2020–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Method (Extrusion, Powder Bonding, and Others), Material Type (Concrete, Metal, Composite, and Others), End-user (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; and ICON plc. |
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, owing to the high demand for concrete material used in 3D printing in construction. It is also called 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. Powder bonding is highly used in the construction of complex formworks with the use of 3D printing technology. As the methods are simple, fast, and accurate their 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 a revenue share of 32% in the year 2021. This is attributed to the benefits of the 3D concrete print as it offers cost-effective construction as well as 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 is 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, owing to the growing demand for high-performance and easily construction complex designs. The segment showed a revenue share of greater than 73% in the year 2021. The segment includes 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 a substantial rate owing to rising demand for 3D printing technology to construct bridges, furniture, and infrastructure with the use of materials such as plastic, composite, and metals. Several programs used by the organization to build 3D print bridges around the world are 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 that show great opportunities for matured and emerging technologies such as 3D printing construction. The presence of a great number of industries in the region is the key contributing factor to the market.
The Europe market is anticipated to show lucrative growth during the forecast period. This is attributed to the government initiatives for the development of the construction industry in the region. The heavy investment in 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
Key players competing in the market are 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; and ICON plc.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
The global 3D printing construction market size was valued at around USD 1.5 billion in 2022 and is likely to reach USD 748 billion by 2031.
The global 3D printing construction market is estimated to register a compound annual growth rate (CAGR) of around 87.2% during the forecast period.
The segments provided in the global 3D printing construction market report are methods, material types, and end-user.
For region analysis, Asia Pacific dominates the global 3D printing construction market during the forecast period.
Some of the key global 3D printing construction market players are 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; and ICON plc.