3D Printing Construction Market Analysis Report By Construction Method, By Material Type, By End User, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global 3D printing construction market was prized by USD 7081.7 thousands in 2020. It is estimated to witness 91.5% CAGR from 2021 to 2028.

Drivers

The rising application of 3D printing in the construction business is pushing the enlargement of the market for 3D printing construction. 3D printing is being extensively utilized for creating composite building formations, by means of software programs used for making models. The execution of 3D printing equipment presents superior pace of erection, greater accurateness, decreased labor charges, and enhanced effectiveness.

The rising implementation of 3D printers, used for designing and prototyping in the construction division, together with precision attained in the finish product plus the abridged manufacturing overheads, is powering the expansion of the market.

The increase in the acceptance of ecologically aware construction schemes is one of the most important factors stimulating the expansion of the 3D printing construction market. The building construction industry is, gradually more, taking on the environmentally friendly construction and 3D printing technique, to construct energy proficient buildings and decrease construction overheads.

The need for the reasonably priced housing, rising stress on green construction procedures, and the increasing construction segment in budding nations are the factors, likely to furthermore impel the development of the market, during the forecast period.

The regional associations and establishments plus the governments of various nations are supporting modernization in maximum segments, by means of resourcefulness. Therefore, the rising government efforts to encourage 3D printing are heightening the escalation of the market.

Restraints

On the other hand, the need of greater investment, linked with 3D printing construction is likely to obstruct the expansion of the market. As contrast to the material used in usual construction procedure, the materials utilized in industrial and commercial 3D printers are costly.

Moreover, the issues like matters connected to the rights of intellectual possessions, limits of the equipment, and the limitation of the materials are the factors; furthermore, hamper the expansion of the market to a definite level. Besides, the need of trained labor is a crucial thing contesting the enlargement projections of the market.

Effect of Covid-19

The eruption of the Covid-19 pandemic is likely to unfavorably effect the development of the 3D printing constructions market. Globally, the numbers of building schemes are slowed down because the eruption of the pandemic has disturbed the delivery of the basic materials, needed for the building schemes. The companies encountered dropping revenues, in 2020. On the other hand, the level of the fall off would basically rely on the seriousness of the actions the companies will start to counteract the unfavorable effect of the pandemic.

Material Type Insight

In 2020, the concrete section held, above 32.0% revenue share and led the global 3D printing construction market. As a result of its capability to decrease time, labor and price plus boost the efficiency of the construction business, 3D concrete printing is progressively more utilized like an option for usual concrete structure.

The metal section is likely to record large augmentation, during the forecast period. Metal 3D printing present opportunity to generate functionally marked elements, inner stiffening, openings, non-prismatic parts, plus others by way of restricted cooling as well as heating up.

Construction Method Insight

The extrusion section held above 61.0% revenue share and led the global 3D printing construction market, in 2020. Moreover; extrusion 3D printing is identified as Fused Deposition Modeling. This is one of the additional manufacturing procedures, utilized for the production, prototyping and modeling purposes. Mainly, the extrusion sourced procedure is utilized for on-site construction. It permits the use of conventional construction materials for example, plaster, and cement, geo polymer, clay along with concrete.

The powder bonding section is expected to record major development, during the forecast period. The growing application of powder bonding 3D printing equipment in the building manufacturing, used for making composite formworks, is powering the expansion of the section growth during current time.

End User Insight

The building section held, above 73.0% revenue share and led the global market, in 2020. The building section consists of industrial, commercial, in addition to housing structure.

The infrastructure section is likely to record the highest development, during the forecast period. The rising utilizes of 3D printing equipment to make infrastructures, furniture, and bridges, by means of the materials for example compounds, metals, and plastic, is steering the expansion of the section.

Regional Insight

In 2020, Asia Pacific held above 38.0% revenue share and led the global 3D printing construction market. This regional development and big market share can be credited to the productive openings in the construction division, within the region. While the state is founding itself to develop into an international manufacturing center, the technology is expected to increase major grip, during the forecast period.

Japan and China are the important nations, having the prospective to present wide-ranging openings for the developed as well as budding technologies, for example 3D printing construction. The existence of many manufacturing companies is adding to the region’s general financial growth.

Europe is likely to observe stable development, during the forecast period. The companies in European nations like the U.K. are, gradually more, spending for 3D printing construction, therefore, boosting the development of local market.

Companies

The major companies, working in this market are raising their footprints through various geographical areas, in addition to ingoing fresh unused marketplaces in developing nations, to increase their customer source along with make stronger their geographic attendance. The companies are concentrating on novel product improvement, which can supply to the rising market demand. Moreover, the companies are doing joint ventures to make stronger their place in the market as well as contributions.

Some of the companies for 3D printing construction market are:

    • ICON Technology, Inc.
    • MX3D
    • CyBe Construction
    • Apis Cor
    • Yingchuang Building Technique (Shanghai) Co. Ltd. (Winsun)
    • Constructions -3D
    • Contour Crafting Corporation
    • Sika AG
    • WASP S.r.I
    • XtreeE
    • COBOD International A/S

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For this study, Million Insights has segmented the global 3D printing construction market report based on the construction method, material type, end user, and region:

• Construction Method Outlook (Revenue, USD Thousand, 2016 - 2028)
    • Extrusion
    • Powder Bonding
    • Others

• Material Type Outlook (Revenue, USD Thousand, 2016 - 2028)
    • Concrete
    • Metal
    • Composite
    • Others

• End-user Method Outlook (Revenue, USD Thousand, 2016 - 2028)
    • Building
    • Infrastructure

• Regional Outlook (Revenue, USD Thousand, 2016 - 2028)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • U.K.
        • Germany
        • France
    • Asia Pacific
        • China
        • Japan
        • South Korea
    • South America
        • Brazil
    • Middle East & Africa
        • Saudi Arabia/KSA