The 3D printing construction market size was valued at $1.42 billion in 2021, and is projected to reach $750.75 billion by 2031, registering a CAGR of 87.3% from 2022 to 2031.
3D printing construction is a process for printing polymer, concrete, and metals layer by layer using a 3D printer to create construction components or whole buildings. The most frequent type of printer is one that uses a robotic arm to extrude concrete back and forth. Additive welding and power binding are two more 3D printing techniques. Power binding uses 3D printing within a basin of powder, hardening powder layer-by-layer to construct the desired structure.
It is easier to create new designs with complex surfaces with the help of 3D printing construction. Moreover, less materials are used and it also lowers the labor costs. 3D printing construction offers faster construction. All such factors drive the expansion of the global market. Moreover, rise in building and infrastructure investments across the world has created significant growth opportunities for 3D printing construction market that is expected to drive the market forward during the forecast period.
Various market players have implemented strategic moves such as agreement, business expansion and collaboration to boost the 3D printing construction market. For instance, in May 2020, a construction engineering company Skanska collaborated with Lough Borough University, UK to accelerate the use of 3D printing technology. As a result, such strategic moves are anticipated to provide lucrative growth opportunities in the 3D printing construction market growth during the forecast period.
The market is segmented on the basis of construction method, material type, end user, and region. 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. By region, the market analysis is 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).
3D printing construction is a process for printing polymer, concrete, and metals layer by layer using a 3D printer to create construction components or whole buildings. The most frequent type of printer is one that uses a robotic arm to extrude concrete back and forth. Additive welding and power binding are two more 3D printing techniques. Power binding uses 3D printing within a basin of powder, hardening powder layer-by-layer to construct the desired structure.
It is easier to create new designs with complex surfaces with the help of 3D printing construction. Moreover, less materials are used and it also lowers the labor costs. 3D printing construction offers faster construction. All such factors drive the expansion of the global market. Moreover, rise in building and infrastructure investments across the world has created significant growth opportunities for 3D printing construction market that is expected to drive the market forward during the forecast period.
Various market players have implemented strategic moves such as agreement, business expansion and collaboration to boost the 3D printing construction market. For instance, in May 2020, a construction engineering company Skanska collaborated with Lough Borough University, UK to accelerate the use of 3D printing technology. As a result, such strategic moves are anticipated to provide lucrative growth opportunities in the 3D printing construction market growth during the forecast period.
The market is segmented on the basis of construction method, material type, end user, and region. 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. By region, the market analysis is 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).
Competition Analysis
The key players that operate in the 3D printing construction market are Aectual, Aeditive, Apis Cor, Branch Technology, COBOD International A/S, Constructions -3D, Contour Crafting Corporation, CyBe Construction, ICON Technology, Inc, Mighty Buildings, MX3D, Peri Group, Sika AG, Skanska AB, WASP S.r.I, XtreeE and Yingchuang Building Technique (Shanghai) Co. Ltd. (Winsun)Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
- Extensive analysis of the 3D printing construction market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The 3D printing construction market forecast analysis from 2022 to 2031 is included in the report.
- The key players with in 3D printing construction market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the 3D printing construction industry.
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Key Market Segments
By Construction Method
- Extrusion
- Power bonding
By Material Type
- Concrete
- Metal
- Composite
By End-user
- Buildings
- Infrastructure
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Aectual
- CyBe Construction
- ICON Technology Inc
- Skanska AB
- Peri group
- Contour Crafting
- Apis Cor
- MX3D
- XtreeE
- Branch technology
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: 3D PRINTING CONSTRUCTION MARKET, BY CONSTRUCTION METHOD
CHAPTER 5: 3D PRINTING CONSTRUCTION MARKET, BY MATERIAL TYPE
CHAPTER 6: 3D PRINTING CONSTRUCTION MARKET, BY END-USER
CHAPTER 7: 3D PRINTING CONSTRUCTION MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to the report, titled, “3D Printing Construction Market," the 3D printing construction market size was valued at $1.4 billion in 2021, and is estimated to reach $750.8 billion by 2031, growing at a CAGR of 87.3% from 2022 to 2031.Construction 3D printing is a process for printing concrete, polymer, metal, or other materials layer by layer using a 3D printer to create construction pieces or full buildings. The most prevalent form of printer is one that uses a robotic arm to extrude concrete back and forth. Furthermore, 3-dimension printers are totally automated, removing the possibility of human mistake. In addition, the rise in government investments in the approaching construction sector expansion is expected to boost the 3D printing construction industry during the forecast period.
Various governments take initiatives to enhance the living standard of citizen. For instance, in June 2019, the plan of UAE government to construct approximately 25% of new buildings in Dubai as per 3D printed buildings technology by 2025. In order to attain this target, government has selected CyBe construction. Hence, these investments are expected to provide significant growth in 3D Printing Construction Market.
North-America accounted for the largest share of the global market and dominated the global 3D printing construction market in terms of revenue in 2021 owing to expansion of residential and commercial sectors. However, Asia Pacific is expected to register highest CAGR during the forecast period. This is due to increase in R&D investments in developing countries and rise in government investments day-by-day in construction of buildings and infrastructures.
However, during the COVID-19 pandemic, various manufacturers in the 3D printing construction market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of 3D printing construction companies. In addition, lack of manpower and raw materials also constricted supply of equipment for 3D printing construction, which negatively influenced the 3D printing construction market growth. Morever, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of 3D printing construction companies. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific had the highest 3D printing construction market share and is anticipated to secure the leading position during the forecast period, due to extensive demand in the construction & infrastructure segment.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging global 3D printing construction market trends and dynamics.
- Depending on material type, the concrete has dominated the 3D printing construction market, in terms of revenue in 2021 and the metal segment is projected to grow at a significant CAGR during the forecast period.
- By construction method, the extrusion segment has registered highest revenue in 2021.
- Asia-Pacific is projected to register highest growth rate in the coming years.
- The key players within the global 3D printing construction market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the 3D printing construction industry.
- The report provides an extensive analysis of the current trends and emerging opportunities of the market.
- In-depth global 3D printing construction market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
- The global 3D printing construction market forecast analysis from 2022 to 2031 is included in the report.
- The region and countries are analyzed thoroughly, which help understand the competitive outlook of the 3D printing construction market opportunity.
Companies Mentioned
- Aectual
- CyBe Construction
- ICON Technology Inc
- Skanska AB
- Peri group
- Contour Crafting
- Apis Cor
- MX3D
- XtreeE
- Branch technology
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 187 |
| Published | July 2024 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1.42 billion |
| Forecasted Market Value ( USD | $ 750.75 billion |
| Compound Annual Growth Rate | 87.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
