USD 169.4 million
Report ID:
SQMIG15A2352 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
118
|Figures:
67
Global 3D concrete printing market size was valued at USD 169.4 million in 2022 and is poised to grow from USD 342.02 million in 2023 to USD 94436.59 million by 2031, growing at a CAGR of 101.9% in the forecast period (2024-2031).
The integration of 3D printing technology has revolutionized the construction landscape by enabling tailored and distinctive structures, catering to specific project requirements.
Leveraging additive manufacturing principles, 3D printers meticulously craft structures layer by layer, utilizing materials such as concrete, plastic, and metal.
This approach yields highly precise and customizable constructions at an accelerated pace while minimizing material wastage. Widely employed in intricate building projects, 3D printing allows for the creation of complex structures via specialized modeling software.
Its implementation in construction offers enhanced precision, heightened efficiency, reduced labor expenses, and accelerated project timelines.
The burgeoning adoption of 3D printers across the construction sector, spanning prototyping, design conceptualization, and the creation of precise final products, underscores its pivotal role in curbing manufacturing costs, thereby propelling market expansion.
Global Market Size
USD 169.4 million
Largest Segment
Metal
Fastest Growth
Growth Rate
101.9% CAGR
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The Global 3D concrete printing market can be categorized into insulation, material, end user, and region. Based on Technique, the market can be categorized into extrusion, powder based, and others. Based on Offering, the market can be categorized into Printing services, Materials. Based on Printing Type, the market can be categorized into Gantry system, Robotic arm. Based on material type, the market can be categorized into concrete, metal, composite, and others. Based on Technique, the market can be categorized into Ready-mix, High-density, Precast, Shotcrete, Others. Based on the end-user, the market can be categorized into Residential, Building, Commercial, Infrastructural. Based on region, the market can be categorized into North America, Europe, Asia Pacific, The Middle East and Africa.
Analysis by End-User
The building segment emerged as the primary driver in the market, commanding a substantial 72.8% share of the global revenue in 2022. This segment encompasses a spectrum of construction domains including commercial, residential, and industrial projects. Notably, there's a growing trend among construction companies to forge partnerships with 3D printer providers to leverage advanced technology for home construction.
The infrastructure segment is projected to witness the most rapid CAGR throughout the forecast period. This growth surge is primarily attributed to the expanding application of 3D printing technology in the construction of infrastructural elements such as furniture and bridges, employing a diverse range of materials including metals, plastics, and composites.
Analysis by Material
The concrete material type emerged as the dominant segment, commanding the largest revenue share in 2022, surpassing other material types in the market. This dominance was primarily driven by the increasing adoption of 3D concrete printing, presenting a compelling alternative to traditional concrete construction methodologies. The allure of this innovative approach lies in its potential to significantly curtail costs, minimize labor requirements, and expedite project timelines, consequently enhancing overall productivity.
The metal segment is anticipated to exhibit noteworthy growth throughout the forecast period. The evolution of metal-based 3D printing technology presents compelling prospects in construction due to its ability to craft intricate structural elements. Leveraging controlled heating and cooling processes, metal 3D printing enables the creation of internal stiffening, non-prismatic sections, openings, and functionally graded elements. In construction applications, this technology finds utility in designing facade nodes and various connections within structures.
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North America is poised to lead the global 3D concrete printing market. The region has demonstrated notable growth in this innovative field, particularly in overcoming challenges related to finish quality and technical expertise. With ongoing advancements in technology and efforts to address these hurdles, the market is expected to experience rapid expansion.
The Asia Pacific emerged as the dominant force in the 3D concrete printing market, securing a substantial 40.3% share of the global revenue in 2022. This commanding market presence and regional ascendancy owe much to the extensive prospects available within the construction sector across the Asia Pacific. The region's construction industry has witnessed remarkable growth, fueling the adoption of 3D printing technologies in construction applications.
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Drivers
High Skilled Labour Cost in Developed Nations and Emphasis on Minimizing Waste Generation
Restraints
High Cost of Capital
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The competitive environment of the global 3D concrete printing market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The burgeoning construction sector in emerging economies, coupled with a heightened emphasis on eco-conscious practices and the imperative need for cost-effective housing solutions, are projected to be pivotal drivers propelling market growth in the foreseeable future. Governments worldwide, along with regional authorities and organizations, are actively fostering innovation across key sectors. Initiatives such as the National Icons Competition, Innovation Expo, National Science Agenda, Innovation Attaché Network, and smart industrialization programs underscore their commitment to driving innovation and technological advancement.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 169.4 million |
Market size value in 2031 | USD 94436.59 million |
Growth Rate | 101.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 3D Concrete Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 3D Concrete Printing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 3D Concrete Printing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 3D Concrete Printing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15A2352
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