The global 3D concrete printing market is expected to propel due to
The global concrete 3D printing market size was valued at $ 34.9 million in 2019 and is expected to reach $ 78.3 million by 2027 at a CAGR of 10.63% due to reduced risk for health and safety. In addition, the accident rate across the globe is expected to fuel the global market. Moreover, the promise of 3D concrete printing technology in terms of mass customization and its longevity are some of the major factors expected to fuel global business development. In particular, emerging countries are bringing various reforms and regulations to stimulate infrastructure development. In addition, the decrease in construction waste is fueling the growth of the target market. In addition, the 3D concrete printing market is rapidly gaining ground in the global landscape due to the growing awareness of consumers and manufacturers of its benefits. There is an imperative need for more and more housing as the urban population increases, which is expected to drive the market across the world at a substantial growth rate.
However, poor finish surfaces and limited sizes of printers are expected to hamper the growth of the global concrete 3D printing market.
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Presentation of the offer on the global 3D concrete printing market
On the basis of supply, the global 3D concrete printing market has separated into printing services and materials. The printing services offering segment is expected to hold the largest share in the forecast period of 2020 to 2027 across the world due to increased investment in infrastructure development. Moreover, the reduction in waste generation coupled with the lowering of labor costs is expected to drive the global market at a considerable growth rate.
Overview of the technique in the global concrete 3D printing market
Based on this technique, the global 3D concrete printing market has been categorized into extrusion-based and powder-based. The extrusion-based technique segment is expected to significantly dominate the global 3D concrete printing market during the forecast period 2020-2027. This is due to the ability to generate large-scale building modules with geometrically complex formations and conventional building materials.
However, the powder-based techniques segment is estimated to have a substantial growth rate due to the growth of research and development activities across the world.
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Introducing the End User to Global 3D Concrete Printing Market
On the basis of the end user, the global 3D concrete printing market is categorized into Building and Infrastructure. The building end-user segment is expected to dominate the market across the globe by 2027 due to the increasing trend in construction and development of complex structures. Moreover, the rapid industrialization is further expected to boost the global concrete 3D printing market across the globe at a considerable growth rate.
Regional Overview of Global Concrete 3D Printing Market
By geography, the global 3D concrete printing market has segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is estimated to dominate the market owing to the growth of research and development activities and the presence of prominent players in the 3D concrete printing market across the countries. In addition, it is estimated that the expanding green building market will drive the market across the region.
However, Asia-Pacific is expected to have the fastest growth rate during the forecast period by 2027, owing to the increase in the geriatric population. In addition, growing environmental issues, powerful political funding, standardization initiatives and a broader understanding of sustainable development are expected to boost the market across the region.
Global 3D Concrete Printing Market: Competitive Landscape
Companies such as DUS Architects, Cybe Construction, UNIVERSE ARCHITECTURE BV, Yingchuang Building Technique (Shanghai) Co. Ltd (WinSun), Sika AG, Rohaco, Imprimere, Skanska, Fosters + Partners, Acciona SA, WinSun Global, HeidelbergCement AG, LafargeHolcim , Balfour Beatty, Apis Cor, Carilliom Plc, Betabram, Beijing Huashang Luhai Technology, Icon and Total Kustom are the major players in the global concrete 3D printing market.
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