Global Construction 3D Printing Market is anticipated to thrive in the forecast period 2024-2028.
Additionally, 3D printing technology is cost-effective as compared to building prototype When compared to the subtractive process, which is frequently utilized in conventional manufacturing methods, the additive process or 3D printing uses fewer materials. As a result, the process has a lower overall environmental impact because less trash is generated. A variety of growing urban areas are experiencing housing shortage throughout the world, to which 3D printing offers an ideal solution. Many companies are turning to 3D prinitng as a result of the market's enormous growth potential. For instance, the Italian company WASP S.r.I. has created 3D printers that can construct houses or other structures from locally sourced materials utilizing solar, wind, or hydro power. These 3D printers are a great option for areas without complete access to energy to create 3D-printed environmentally friendly structures by utilizing found at materials.
The use of 3D printing technology in the construction sector can reduce the need for on-site laborer, which could ultimately alleviate the labor shortage issue, particularly in nations where the building industry is primarily dependent on migrant labor. For nations where the building industry is one of the major employers and labor is less expensive, 3D printing technology might not be advantageous. Infact, a project's overall cost may get increased as a result of necessary training needed by users of specialized 3D construction printers.
Moreover, additive manufacturing is the term most often used to describe 3D printing, which involves building up layers of material until the desired 2D shapes are produced. Although the technique has been used for a while, it has just recently become commercially viable. Over the years, significant technological improvements have made 3D printing cheaply feasible for both domestic and industrial uses.
Increased Adoption of 3D Printing in the Construction Industry
Construction of intricate building structures using 3D printing and modelling software is becoming increasingly popular. The use of 3D printing technology enables increased construction speed, lower labor costs, more precision, and improved efficiency. Hence, the market is being driven by the increasing use of 3D printers for prototyping and designing in the construction industry.
Moreover, over the past few years, 3D printing and additive manufacturing technologies have advanced quickly. Additionally, 3D printing has already been widely used to develop intricate models and successfully print real-size components or items of models that are challenging to construct using conventional techniques. The use of a wide variety of materials, including concrete, plastic, and metal, which can be printed layer by layer to produce large models or even an entire structure or building on-site to reduce operational costs, is made possible by the quick, adaptable, and affordable additive manufacturing process.
Rise in Green Construction Projects
Construction companies are increasingly utilizing 3D printing and green building techniques to cut costs and produce more energy-efficient structures. Green building is the practice of employing environmentally friendly building methods and supplies to develop structures with minimal negative effects on the environment.
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Market Segmentation
The Construction 3D Printing Market is segmented into method, material type, end user. Based on method, the market is segmented into extrusion, powder bonding, and others. Based on material type, the market is divided into concrete, metal, composite, and others. Based on end user, it is categorized into building, and infrastructure
Market Player
Recent Development
Singapore HDB - Concrete 3D Printer for Construction & Landscape Furniture (expected to be completed in 2023)The Housing Development Board (HDB) of Singapore has authorized the use of concrete 3D printing technology for the efficient development of architectural machinery and diverse goods, including benches and pavilions.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
Report coverage | Revenue forecast, company share, growth factors, and trends |
Segments covered | By Method By Material Type By End User |
Regional scope | North America; Asia-Pacific; Europe; South America; Middle East |
Country scope | United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile, Saudi Arabia, South Africa, UAE, Israel, Turkey |
Key companies profiled | COBOD International A/S, XtreeE, Apis Cor, WASP S.r.I., CyBe construction, SikaAG, Mx3D, Contour Crafting Corporation, ICON Technology, Inc., and Constructions -3D. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
