Global 3D Concrete Printing Market – Overview
3D concrete printing is an advanced and innovative method used in construction to design building components with the help of 3D concrete printers. The printing of buildings has a lot of advantages when compared to traditional construction methods. There are lower labor costs involved, construction can be done quicker and there is less to no waste produced. The Global 3d Concrete Printing Market is growing with the rapid pace; mainly due to the supportive government regulations and policies.
According to a recent study report published by the Market Research Future, The global market of 3D Concrete Printing is booming and expected to gain prominence over the forecast period. The global 3D Concrete Printing market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, double digit CAGR of 14.05% during the estimated period (2016 – 2023).Market is expected to reach a market size of USD 69.9 million by the end of the forecast period
Currently, the 3D Concrete Printing market is spurting mainly due to the increasing FDI in construction in emerging nations and supportive government regulations and policies. Governments across all regions are seen promoting and developing their construction & infrastructure sector. The emerging nations are particularly bringing various reforms and regulations to boost their infrastructure growth and real-estate market. In China the central policies on housing were relaxed, the lowest down payment ratio decreased in 2016. Cheaper down payments encouraged more homebuyers to borrow money from banks. This in turn pushed the construction industry, which ultimately led to the increased demand for 3D concrete printing in construction.
Additionally, 3D concrete printing technology makes use of recycled concrete, building waste and other industrial waste. This makes it a cost effective alternative with comparatively lesser wastage and has proved to be an environment friendly construction solution. This also have the positive influence on the growth of the market.
However, in many countries for construction, people generally use traditional buildings methods rather than using the new technology, mainly due to the lack of awareness regarding trending technologies. This can hinder the market growth.
The Prominent Players in the 3D concrete printing include
- Dus Architects (The Netherlands),
- Winsun Global (China),
- Skanska AB (Sweden),
- Cybe Construction (The Netherlands),
- Foster + Partners (London),
- Sika AG (Switzerland),
- HeidelbergCement AG (Germany),
- LafargeHolcim Ltd (Switzerland),
- Balfour Beatty (U.S.),
- Apis Cor (Russian Federation).
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3D Concrete Printing Global Market – Competitive Analysis
Characterized by the presence of several well-established and small players, the global Market of 3D Concrete Printing appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. 3D concrete printing market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.
In November 2017, CyBe Construction will start the print of first 3D-printed building in In the city of Teuge, Europe in first quarter of 2018. A conference room for De Slaapfabriek called De Vergaderfabriek will be printed in just 10 days. CyBe Construction is responsible for the engineering and printing of the building. By 3D concrete printing this building there will be 40% less Co2 emissions and a waste reduction of 70% in comparison with traditional methods.
In June 2017, CyBe Construction has finished 3D printing the “R&Drone Laboratory,” a drone research laboratory in Dubai. The building is the first laboratory in the world to be 3D printed on site. The lab will conduct research on drones and 3D printing technologies, and will be based at the Solar Park as a part of its Research and Development (R&D) Centre.
In November 2016, Apis Cor, the first company to develop a mobile construction 3D printer which is capable of printing whole buildings completely on site, signed an agreement with Sunconomy company to bring the first true 3D printer for affordable housing to the USA. The company is will be able to build the structure for a single family house in a day with virtually no waste, and built super strong and providing very low utility costs.
3D Concrete Printing Market – Segmentation
Global 3D Concrete Printing Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
By Concrete Type – Ready Mix Concrete, Precast Concrete, Shotcrete, High Density Concrete
By Application – Residential, Industrial, Agricultural and Others
By End-Use – Wall, Roof, Floor, Staircase, and Others
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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3D Concrete Printing Market – Regional Analysis
North America region dominates the global 3D concrete printing market. This region is mainly backed by the U.S. having strong penetration of 3D concrete printers. Raising the demand of ecofriendly and sustainable construction and government support led this region in 3D concrete printing market.
The Asia-Pacific region is expected to be the fastest growing region for the 3D concrete printing. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region.
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