3D Concrete Printing Market Insights and Industry Analysis by Concrete Type (Ready Mix Concrete, Precast Concrete, Shotcrete and High Density Concrete), by Application (Residential, Industrial, Agricultural and others), by End-Use (Walls, Roofs, Floor, Staircase and Others) and By Region, Competitive Market Size, Share, Trends, and Forecast to 2030
New York, USA, Jan. 24, 2023 (GLOBE NEWSWIRE) — 3D Concrete Printing Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “3D Concrete Printing Market Information by Concrete Type, Application, End-Use, And Region – Forecast till 2030”, the market is estimated to grow at a 55.60% CAGR to reach USD 978.5 Million by 2030.
Utilizing computer-controlled robots to print 3D structures for houses and other infrastructure, 3D concrete printing is a construction method. The printer’s path is pre-programmed using programs like AutoCAD or SolidWorks. Layer by layer, the concrete supplied into the printer is dispensed through the nozzle in the required path that has been pre-programmed. For 3D printing, numerous concrete kinds with various material compositions are used. For 3D printing, ready-mix and high-density cement are utilized with slight compositional adjustments. Using modeling software is frequently utilized to develop intricate building structures. 3D printing technology results in increased speed, lower labor costs, accuracy, and improved efficiency.
The market is growing as a result of the increased usage of 3D printers in the construction sector for precise end-product development, design, and manufacturing while reducing production costs. Furthermore, one of the key reasons for enhancing market growth is the increase in the adoption of green initiatives on a global scale. Additionally, throughout the forecast period, the market expansion is anticipated to be fueled by the expanding construction industry in emerging nations, a strong focus on eco-friendly methods, and the demand for cheap housing options. Through initiatives, governments from various nations, regional authorities, and organizations promote innovation in key industries.
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|Market Size in 2030||USD 978.5 Million|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Concrete Type, Application, End-Use, And Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Market Drivers||An increased degree of demand for both customized and money-efficient constructions.|
|The industry is witnessing an increase in the funds and investment for development of strong infrastructure.|
Market Competitive Landscape:
The chief contenders in the 3D concrete printing market are:
- Dus Architects (The Netherlands)
- HeidelbergCement AG (Germany)
- LafargeHolcim Ltd (Switzerland)
- Balfour Beatty (U.S.)
- Winsun Global (China)
- Skanska AB (Sweden)
- Cybe Construction (The Netherlands)
- Foster + Partners (London)
- Sika AG (Switzerland)
- Apis Cor (Russian Federation)
- Among others.
Market U.S.P. Covered:
Growing demand for customized and cost-effective structures is one of the key growth drivers for the worldwide 3D concrete printing market. This encourages businesses to perform more involved and extensive tasks to satisfy evolving and growing demands. Additionally, the sector is seeing a rise in cash and investments to construct a solid infrastructure that will help the global market expand and compensate for the losses from the pandemic. There are now more possibilities and scope for using the technology creatively, thanks to the 3D printing of concrete. The high cost of professional labor in developed nations fuels the expansion of the worldwide 3D concrete printing market.
Additionally, the manual construction process produces waste, which must be gathered and destroyed. The contractor’s project costs and the government’s collection and demolition costs rise due to the concrete wastage. Contrarily, 3D printing produces significantly less waste than the conventional method. Moreover, this technique makes it simpler and more affordable to produce large quantities of things with irregular shapes.
A significant barrier to the market’s expansion is the expensive initial investment cost of 3D printers and their high operation, maintenance, and maintenance costs. Another issue impeding market and technological expansion globally is the restriction on printing widths and heights. Large 3D concrete prints require a larger setup to allow the printer to go the distance. Similar to 2D printing, 3D printing requires cranes or other equipment to lift the printer to the required height. The bigger setup of frames raises the project’s capital and operating costs and restrains the expansion of the 3D concrete printing industry. Therefore, increased government measures to support 3D printing are anticipated to accelerate market growth.
Browse In-depth Market Research Report (135 Pages) on 3D Concrete Printing
COVID 19 Analysis
In addition to the loss in R&D activity, the COVID-19 epidemic also resulted in restrictions on building projects, which hurt the market for 3D concrete printing. The key players in the 3D concrete printing market are concentrating on raising finances and investments to expand their product lines and better meet the needs and demands of their target markets. Following the pandemic, the sector is rebounding very well, and businesses worldwide are now getting funding for projects. Trends indicate that during the anticipated period, medical personnel may continue to be alert and contribute to lowering the infection positivity rate. A low point in the market has led to losses and the incapacity of market participants to satisfy consumer demand. A typical problem is wisely utilizing the resources and raw materials that producers and manufacturers have access to on the market.
By application, the market includes industrial, agricultural and residential. By concrete type, the market includes precast concrete, ready-mix concrete, shotcrete, and high-density concrete. The market includes walls, roofs, staircases, and floors by end-use.
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The Asia-Pacific region had and controlled the biggest market share. Additionally, as the area establishes its position as a global industrial powerhouse during the projected period, the technology is likely to gain significant traction. Popular countries like China and Japan can offer a number of opportunities for advanced and established technologies, including 3D printing in building. The presence of several manufacturing industries facilitates the region’s general economic growth. Over the forecast period, the market in the Europe region is anticipated to rise steadily. The U.K. and other European nations have many market participants who are investing more and more in 3D printing, fostering regional market expansion. In India, where the housing shortage has historically been a major concern due to population expansion, 3D printing technology seems to be a practical answer.
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