3D Printing Construction Market Research, 2031
The global 3D printing construction market size was valued at $1.4 billion in 2021, and is projected to reach $750.8 billion by 2031, growing at a CAGR of 87.3% from 2022 to 2031.
3D printing construction technology is a method, which includes printing 3D structures layer by layer using a 3D printer. Researchers have printed bridges in polymer, concrete, metal off-site, and complete structures in clay or concrete on-site to showcase the technique. The technique offers faster construction by using less materials with lower labor costs.
The market is being driven by the increase in use of 3D printers in the construction industry for making precise final products, developing & prototyping while lowering the production, and materials cost. In addition, various advantages include high precision that increased productivity, lower labor costs, and faster printing, which boost the 3D printing construction market growth. Furthermore, one of the primary reasons that drive market growth is rise in adoption of green buildings and structures throughout the world. New commercial construction projects, such as business complexes, hospitals, housing facilities, and shopping malls, are being prompted by the population growth. Moreover, construction of roads, bridges, railway, and airports drive the expansion of the 3D printing construction market.
On the basis of construction method, the extrusion method generated the highest revenue in 2021. Fused Deposition Modeling, often known as extrusion 3D printing, is an additive manufacturing technology used for modeling, production, and prototype applications. On-site building is mostly accomplished using the extrusion-based technology.
On the basis of material type, concrete segment has registered highest revenue share in the market in 2021. 3D concrete is increasingly adopted as an alternative method to conventional concrete construction due to its ability to reduce cost, time, and overall productivity. It is possible to create organic geometry and double curved surface at lower cost.
On the basis of region, North America registered highest revenue in 2021 owning to rise in investment in commercial and residential constructions. However, Asia-Pacific is expected to register highest growth rate during the forecast period. China and Japan are the most prominent countries with higher potential to gain significant opportunities for construction technologies sch as 3D printing constructions. As a result, the upsurge in number of new building and infrastructure projects is likely to provide profitable prospects for industry participants.
The 3d printing construction market is segmented into Construction Method, Material Type and End-User. On the basis of construction method, the market is divided into extrusion and power bonding. On the basis of material type, the market is divided into concrete, metal, and composite. On the basis of end user, the market is divided into buildings and infrastructure. Region-wise, the global 3D printing construction market share is analyzed conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The novel coronavirus (COVID-19) rapidly spread across various countries and regions in 2019, causing an enormous impact on lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted production of many products in the 3D printing construction industry, owing to lockdowns. However, the number of COVID-19 cases reduced with the introduction of the vaccine for COVID-19 in the market. This has led to the reopening of 3D printing construction companies at their full-scale capacities, which is expected to help the market recover by the end of 2022. As COVID-19 infection cases are declining, equipment & machinery producers are focusing on operations, and supply networks to respond to urgent emergencies and establish new methods of working.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the 3D printing construction market analysis from 2021 to 2031 to identify the prevailing market opportunities.
- 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 printing construction market segmentation assists to determine the prevailing 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 global 3D printing construction market forecast analysis from 2022 to 2031 is included in the report.
- The report includes the analysis of the regional as well as global trends, key players, market segments, application areas, and 3d printing construction market opportunity strategies.
3D Printing Construction Market Report Highlights
By Construction Method
Key Market Players
COBOD international, XtreeE, Sika AG, CyBe Construction, Aectual, Contour Crafting, Peri group, ICON Technology Inc., Mighty Buildings, Skanska AB, Branch technology, WASP Designs, Apis Cor, Constructions-3D, Winsun, Aeditive, MX3D
The 3D printing construction market has observed huge demand in North America, Asia-Pacific, and Europe. North-America has registered highest revenue growth in 2020 owing to increase in demand from new construction and renovation of residential and commercial sectors. However, Asia-Pacific is expected to be the fastest developing region due to rise in demand for construction of buildings in this region. The 3D printing construction market in this region is dominated by brand extension, collaboration, and transformation trends. The global market is expected to rise due to surge in disposable income, government investment in infrastructure sector & housing sectors, and increase in demand for luxury complex building solutions. The concrete segment accounted for the majority of the market share in 2021, owing to its cost-effectiveness, water & stain resistance, durability, and eco-friendly qualities, void free, less chance of crack, and attractive appearance.
Various market players have adopted strategies, such as product launch, business expansion, acquisitions, and agreements to expand their business and strengthen their market position. For instance, in March 2021, 3Strands collaborated with ICON, a construction technology company. Through this collaboration, the former company planned to leverage the 3D printing technology of ICON to develop two- to four-bedroom homes in Texas, one of the fastest-growing cities in the U.S. As a result, such strategic moves are expected to provide lucrative growth in the global 3D printing construction market.