3D Concrete Printing Market Research, 2031
The Global 3D Concrete Printing Market size was valued at $371.7 million in 2021, and is projected to reach $1,256.5 billion by 2031, growing at a CAGR of 131.8% from 2022 to 2031. 3D concrete printing is a building technology that uses computer-operated robots, which can print 3D structures for buildings and other infrastructure.
Software such as AutoCAD or SolidWorks are used to pre-program the path of the printer. The concrete that is fed to the printer is dispensed through the nozzle layer-by-layer in the pre-programmed desired path. Different types of concrete having various types of material compositions are used for 3D printing. Ready-mix and high-density concrete with minor changes in their composition are used for 3D printing.
The growth of the global 3D concrete printing market is driven by the high cost of skilled labor in developed countries. In addition, manual construction process generates construction waste, which subsequently needs to be collected and demolished. The wastage of concrete increases the project cost for the contractor and the collection & demolition cost for the government. On the contrary, 3D printing generates little waste as compared to the manual process. Moreover, the mass production of irregular shapes of objects is easier and more economical with the use of this technology.
However, high capital cost of 3D printer, its maintenance, and its operating software, as well as hardware acts as a major restraint to the market growth. The limitation on printing sizes and heights is another drawback, which hampers the growth of the market and technology globally. 3D concrete printing of huge objects needs a larger setup for the printer to travel the distance. Similarly, 3D printing needs cranes or other provisions to carry the printer to the desired height. This increases the capital and operation cost of the project, owing to the larger setup of frames, thereby restraining the 3D concrete printing market growth.
During the outbreak of the COVID-19 pandemic, the construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to a decline in the demand for construction and 3D concrete printing, thereby restraining the growth of the 3D concrete printing market. Now, industries are gradually resuming their regular manufacturing and services. This is expected to lead to the re-initiation of 3D concrete printing companies at their full-scale capacities, which helped the 3D concrete printing industry to recover by the end of 2021.
Rapid urbanization demands fast and accurate, yet cheaper and waste-free construction. These demands are met by 3D concrete printing technology. Thus, enovation and upgrade of walls, roofs, and separating panels in buildings and infrastructure are anticipated to offer remunerative opportunities for the expansion of the 3D concrete printing market during the forecast period.
The 3D Concrete Printing Market analysis is segmented into Printing Type, Technique and End-use Sector. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Printing Type, In 2021, the gantry system segment dominated the market in terms of revenue, and the robotic arm segment is expected to witness growth at the highest CAGR during the forecast period.
On the Basis of Technique, the extrusion-based segment led the market in 2021 in terms of revenue, and the powder-based segment is anticipated to register the highest CAGR during the forecast period.
On the Basis of End-Use Sector, the residential segment led the 3D concrete printing market share in 2021 in terms of revenue, and the infrastructure segment is anticipated to register the highest CAGR during the forecast period.
Region-Wise, the Asia-Pacific region accounted for the highest market share in 2021, and LAMEA is anticipated to register the highest CAGR during the forecast period.
Major Players Profiled In the 3D Concrete Printing Market Include,
Apis Cor, Cobod International A/S, CyBe Construction, D-shape, Heidelbergcement AG (ItalcementiSpA), LafargeHolcim, Sika AG, Skanska, Yingchuang Building Technique (Shanghai) Co., Ltd. (Winsun), and XtreeE. Major companies in the market have adopted acquisition, partnership, and business expansionas their key developmental strategies to offer better products and services to customers in the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the 3D concrete printing market forecast from 2022 to 2031.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the 3D concrete printing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global 3D concrete printing market trends, key players, market segments, application areas, and market growth strategies.
3D Concrete Printing Market Report Highlights
Market Size By 2031
USD 1256.5 billion
CAGR of 131.8%
2021 - 2031
By Printing Type
By End-use Sector
Key Market Players
Cobod International A/S, cybe construction, Yingchuang Building Technique (Shanghai) Co., Ltd. (Winsun), D-shape, Apis Cor, XtreeE, HeidelbergCement AG, Holcim, Sika AG, Skanska AB
The utilization of 3D concrete printing service is expected to increase, owing to rapid urbanization and environmental awareness. Moreover, significant technological advancements in 3D printing technology fuel the market growth. In 2021, Asia-Pacific region was the highest revenue contributor to the global market, whereas LAMEA is expected to offer lucrative opportunities to the key players in the market.
Solution to overcome high labor cost, accuracy in complex design products, and cost-efficiency in mass production drive the 3D concrete printing market growth. However, high investment costs and limitation of printer considering the size of the objects to be printed impede the market growth. On the contrary, advanced technology used for building in developed nations is expected to create lucrative opportunities for the expansion of the 3D concrete printing market during the forecast period.
However, the technology has some challenges such as development of exact raw material, low material strength, poor surface finish, and lack of technical expertise on software and hardware. Research and development by the players in the market will make it possible to overcome these challenges and therefore boost the market growth during the forecast period. Thus, companies are adopting strategies like business expansion, product launch, and partnership to overcome these challenges and drive the growth of the market. For instance, in June 2020, LafargeHolcim introduced its first dry mortar range that is suitable for 3D printing.