3D Printing Construction Market

The global ,3D Printing Construction Market size was reached at USD 3.42 billion in 2022 ,and it is projected to hit around ,USD 515.49 billion by 2031, poised to grow at a ,CAGR of 64.25% from 2023 to 2031.

The 3D printing construction market is a new and rapidly growing sector of the construction industry that includes the use of 3D printing technology to build structures. With the help of a printer, this technology deposits materials one at a time to build three-dimensional objects or structures. ,The market',s growth can be attributed to a significant global increase in green construction projects as well as increased awareness of 3D printing technologies in construction companies. This technology is being adopted by the construction industry for several reasons, including less waste, faster construction, lower overall costs, fewer accidents on the job site, and the ability to build unique architectural shapes. The financial support obtained by 3D printing construction companies from their respective gove ments for advancing space-based construction techniques is expected to open up new market expansion opportunities in the coming years.

Furthermore, market growth is expected to be driven by expanding construction companies in emerging nations, an overall focus on eco-friendly techniques, and the demand for affordable housing solutions over the forecast period. Gove ments of various nations and regional authorities and organizations promote innovation in leading industries through programmers such as the Innovation Expo, Innovation Attaché, Network, National Icons Competition, National Science Agenda, and innovative industrialization.

These initiatives hope to strengthen specific sectors by utilizing cutting-edge technologies such as nanotechnology, additive manufacturing, and robots. Furthermore, several gove ments are encouraging innovation by improving public infrastructure and the legal framework, which may lead to an increase in implementation.

Furthermore, factors such as machine limitations, material restrictions, and conce s about intellectual property rights are expected to limit market growth. Another significant issue limiting the market',s potential for expansion is a skilled labour shortage.

3D Printing Construction Market REPORT SCOPE &, SEGMENTATION

Segments Analysis:

• Construction Type Analysis

Based on construction methods, the global market has been divided into powder bonding, extrusion, and other categories. In 2022, the extrusion method had the highest revenue share of more than 63%, dominating the market. The segment is expected to grow at the fastest CAGR and maintain its lead for the foreseeable future. Extrusion 3D printing, also known as fused deposition modelling, is one of the additive manufacturing processes used for modelling, prototyping, and production applications. The extrusion-based technique is commonly used in on-site construction.

It allows the use of traditional building materials such as concrete, clay, geopolymer, cement, and plaster. The powder bonding segment is also expected to grow significantly over the forecast period. Construction firms are increasingly using powder bonding 3D printing technology to create complex formworks, which is fueling the segment',s growth.

This technique is highly sought after because it allows for the production of complex formwork in a more timely, simple, and accurate manner. This method also takes less time and labour to complete than traditional techniques for creating formworks.

• Material Type Analysis

The concrete material type segment, which dominated the market, accounted for more than 34% of market revenue in 2022. 3D concrete printing is becoming a more popular alte ative to traditional concrete construction due to its ability to reduce cost, time, and labour while increasing productivity. Because conventional concrete formwork requires highly skilled workers, the process can account for up to 60% of the total cost of the building. However, using 3D-printed concrete formworks, it is possible to produce organic geometry and double-curved surfaces, among other things, at a fraction of the cost.

Because of these benefits, construction companies are focusing on developing 3D-printed concrete formwork. The metal segment is also expected to grow significantly during the forecast period. 3D printing metal allows for the creation of inte al stiffening, openings, functionally graded elements, and non-prismatic sections, among other things, through carefully controlled heating and cooling. The primary application for metal 3D printing in the construction industry is the design of facade nodes and other connections. Metal 3D printing is also being used to construct bridges.

• End-User Analysis

In 2022, the building segment will account for 73% of global revenue. The building segment includes construction in the residential, commercial, and industrial sectors. Numerous construction companies are forming partnerships with 3D printer suppliers to build homes using 3D printing technology.

The infrastructure segment is expected to grow at the fastest rate during the forecast period. The expanding use of 3D printing technology to build infrastructures such as fu iture and bridges using materials such as plastic, metals, and composites is driving the growth of this market. The segment',s expansion is expected to be fueled by numerous initiatives launched by key global companies to build 3D-printed bridges.

Regional Analysis

The construction 3D printing market is still in its early stages, with regional differences in adoption.

Geographically, the market is divided into Europe, North America, Latin America, Asia-Pacific, and the Middle East and Africa. In 2022, Asia-Pacific is expected to have a market share of more than 41%. The region',s significant market share can be attributed to increased new construction and rising infrastructure spending.

The technology is expected to grow significantly over the forecast period as the area establishes itself as a central hub for manufacturing. Popular countries such as Japan and China have the potential to provide numerous opportunities for cutting-edge and established technologies, such as 3D printing in construction.

Key Market Players:

• Yingchuang Building Technique (Shanghai) Co.Ltd.(Winsun)
• MX3D
• COBOD Inte ational A/S
• ICON Technology, Inc.
• Sika AG
• XtreeE
• WASP S.r.I
• Apis Cor
• CyBe Construction
• Contour Crafting Corp.

3D Printing Construction Market Report Segmentation

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