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A01225 | Pages: 210 | Charts: 54 | Tables: 132 |
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.
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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.
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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.
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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.
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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.
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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 Market Segments
Key Market Players