According to the latest report, the global 3D concrete printing market size in 2019 is witnessed at $310.9 million and is expected to exhibit a significant CAGR of 106.5% along with the market size of $40,652.4 million during the forecast period 2020-2027.
3D concrete printing is a building technology that can print 3D structures for buildings and other infrastructure using computer-operated robots. Several printing methods like the extrusion method include wax, cement, welding, additive, and others which play an essential role in the construction process. AutoCAD or SolidWorks software is used to per-program the path of the printer. In the pre-programmed desired path, the concrete of the printer is dispensed through a nozzle layer-by-layer. The material composition type depends upon the different types of concrete which are used for 3D printing. Moreover, ready-mix and high-density concrete compositions with little changes can be used for 3D printing.
Skilled labor in developed countries is very expensive which is propelling the growth of the market. 3D printing generates less waste than the manual process. Furthermore, using this technology, mass production of irregular shapes of objects is easily possible and economical. Rising urbanization in both the developed and developing countries increases residential construction. The demand for construction activities is expanding day by day which is escalating the market growth in the assessment period. The easy construction process of different complex architectural designs, eco-friendly technology, and less wastage are the major factors driving the market growth. This technique is used in the construction of roofs, floors, pavement, slabs, etc.
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The 3D concrete printing market opportunities are renovation and up-gradation of walls, roofs, and separating panels in buildings and infrastructure are boosting the market growth.
Market SegmentationThe 3D concrete printing market is trifurcated into technique, end-use sector, and concrete type.
Technique Segmentation: Based on the technique, the 3D concrete printing market is bifurcated into extrusion-based and power-based techniques.
End-use Sector Segmentation: By end-use, the 3D concrete printing market is trifurcated into walls, roofs, floors, staircases, and others.
Concrete Type Segmentation: The 3D concrete printing market by concrete type is classified into four forms such as ready-mix concrete, precast concrete, shotcrete, and high-density concrete.
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Regional AnalysisFrom the latest information received, the global 3D concrete printing market based on regions is partitioned into North America, Europe, Asia-Pacific, and the Rest of the World. Among them, North America is dominating the largest market share in the review period due to the rising consumer preference for green buildings and sustained investments in commercial real estate.
The 3D concrete printing market’s key competitors are Winsun (China), XtreeE (France), CyBe Construction (Netherlands), Monolite UK (UK), and others.
Industry NewsAs per a recent study, the 3D concrete printing market forecast is predicted to grow at a significant rate due to the growing degree of investment in using the best technological angle and degree that helps increase urbanization and industrialization to complete the residential construction requirement. This is enhancing the growth of the market. One of the famous enterprisers, CyBe Construction reported having finished the 3D printing in the R&D Drone Laboratory in Dubai which conducts tests, research on drones, and 3D printing technologies and is based at Solar Park at its Research & Development center.
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