3D concrete printing market is expected to reach a market size of USD 69.9 million by the end of the forecast period at CAGR of 14.05%.
3D concrete printing, an innovative construction method is used to fabricate building and construction components. It is basically, a robotic system used for fabricating various building components such as walls, roofs, lintels, and several others. 3D concrete printing technology promises greater advantages in the construction field, such as faster construction process, lower labor costs, and efficient use of raw materials with less wastage.
3D concrete printing allows architects to design and build complex concrete architectural and structural elements, deliver personalized & customized solutions, while, controlling the cost & time required to market, freeing them from the restrictions of standardized framework. Additional advantages of 3D concrete printing include savings on cement usages and construction close to where it is needed and in inaccessible areas, less arduous, and less dangerous worksites.
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3D concrete printers are capable of fabricating objects that are challenging/ difficult or impossible to be manufactured through conventional construction processes. 3D concrete printers are convenient for achieving faster, safer, and environment-friendly construction buildings. 3D Concrete printing method is based on a digital model and hence, allows the implementation of various complex designs in the construction applications.
Over the past few years, the 3D Concrete Printing Market is growing rapidly, mainly due to the increasing uptake of the technology in the burgeoning construction industry. The rapid growth in the construction sector across the globe is increasing market demand. According to Market Research Future (MRFR), gains of the global 3D concrete printing market would reach to USD 69.9 MN by 2023, registering a CAGR of 14.05% throughout the forecast period (2018-2023).
The primary factor propelling the market growth is the high precision and efficiency of 3D concrete printing process over traditional construction method. Moreover, advantages that the 3D concrete printing technology provides a construction project to increase its popularity among the construction companies and fuel the demand in the market.
On the other hand, lack of awareness towards the benefits of 3D concrete printing technology may hamper the growth of the market. Using 3D printing in construction can reduce the material wastages, significantly, thereby reducing the overall project cost. These superior advantages over traditional construction process would support the growth of the 3D concrete printing market over the review period.
Global 3D Concrete Printing Market _ Competitive Analysis
Key players leading the global 3D concrete printing market include Winsun Global (China), Dus Architects (the Netherlands), Skanska AB (Sweden), Foster + Partners (London), Cybe Construction (the Netherlands), Sika AG (Switzerland), LafargeHolcim Ltd (Switzerland), HeidelbergCement AG (Germany), Apis Cor (Russian Federation), and Balfour Beatty (US), among others.
Highly competitive, the 3D concrete printing market appears to be fragmented due to the presence of several big and small-scale players. These players focus on optimizing situational awareness to ensure their mission success. They adopt various strategic initiatives such as M&A activities, collaboration, and innovations, seeking market expansion constantly.
These players possess state-of-the-art facilities to develop software and strong sales and distribution network, which can help them to gain a leading position in the market. Focused on inbound lead generation increasingly, marketers operating in the market look for ROI-oriented strategies that can pay off quickly.
Industry/ Innovation /Related News:
June 18, 2019 — VINCI Construction (France), a leading global Construction engineering company, launched its new subsidiary named Concreative focused on the 3D printing of high-performance concrete. Concreative is a subsidiary set up to develop 3D printing solutions for high-performance concrete. The firm also announced the inauguration of the first 3D concrete printing factory in Dubai to serve a fast-growing construction market in the middle east.
VINCI offers a fully integrated service, from design to on-site installation. Concreative is originated from the Leonard intrapreneur program, VINCI’s forward-looking innovation laboratory. The new entity uses a technology patented by VINCI’s technology partner, XtreeE, a start-up in which VINCI Construction is also a shareholder. The technology consists of extruding concrete layer by layer, with each layer printed via a digitally controlled nozzle.
Global 3D Concrete Printing Market – Segmentation
The report segments the market into four key dynamics to widen the scope of understanding,
By Concrete Type : Precast Concrete, Shotcrete, Ready Mix Concrete, and High-density Concrete, among others.
By Application : Residential, Industrial, and Agricultural, among others.
By End-use : Walls, Roofs, Floor, and Staircase, among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
3D Concrete Printing Market Regional Analysis
North America dominates the global 3D concrete printing market. In the year 2016, the market was valued at USD 10.0 MN and accounted for the largest as in 35.63% of the market share. The 3D concrete printing market in North America is projected to grow at a CAGR of 14.20% throughout the forecast period (2018-2023).
Growing consumer preference for green buildings and constant investments in commercial real estate are some of the major factors acting as a tailwind for the growth of the regional market. The US is the largest market for 3D concrete printing in the North American region.
The 3D concrete printing market in the European region stands second in the global space. In 2016, the share of the region in the global 3D concrete printing market reached to 29.4%, while its market value reached USD 82 MN. The European 3D concrete printing market is projected to grow at a CAGR of 13.20% during the forecast period.
The Asia Pacific 3D concrete printing market is rapidly emerging as a profitable market, globally. In 2016, the value of the regional 3D concrete printing market had reached over USD 6 MN, which is further expected to grow at a CAGR of 14.51%. Rapid urbanization and industrialization alongside, the increasing purchasing power of consumers in the region drive the growth of the APAC market.
Moreover, spreading awareness towards the advantages of 3D printing technology, increasing environmental concern, and the augmenting demand and activities in the construction sector foster the 3D concrete printing market in the region. The APAC region is expected to grow briskly over the forecast period.
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Scope of Report
The report for Global 3D Concrete Printing Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
List of Tables
Table 1 Share of Top Five Countries Attracting Fdi Equity Inflows for Construction Development, 2000-2015 (Usd Million)
Table 2 Global 3d Concrete Printing Market, by Concrete Type, 2015-2023 (Usd Million)
Table 3 Global 3d Concrete Printing Market, by Concrete Type, 2015-2023 (Kt)
Table 4 Global 3d Concrete Printing Market, by Application, 2015-2023 (Usd Million)
Table 5 Global 3d Concrete Printing Market, by Application, 2015-2023 (Kt)
Table 6 Global 3d Concrete Printing Market, by End-use, 2015-2023 (Usd Million)
Table 7 Global 3d Concrete Printing Market, by End-use, 2015-2023 (Kt)
Table 8 Global 3d Concrete Printing Market, by Region, 2015-2023 (Usd Million)
Table 9 Global 3d Concrete Printing Market, by Region, 2015-2023 (Kt)
Table 10 North America: 3d Concrete Printing Market, by Country, 2015-2023 (Usd Million)
List Of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Drivers & Restraints Impact Analysis of Global 3d Concrete Printing Market
Figure 4 Fdi Inflows, Asia-pacific, 2010-2015 (Usd Billion)
Figure 5 Five Forces Analysis of 3d Concrete Printing Market
Figure 6 Value Chain of 3d Concrete Printing Market
Figure 7 Global 3d Concrete Printing Market, by Concrete Type, 2016 (in %)
Figure 8 Global 3d Concrete Printing Market, by Concrete Type, 2015-2023 (Usd Million)
Figure 9 Global 3d Concrete Printing Market, by Application, 2016 (in %)
Figure 10 Global 3d Concrete Printing Market, by Application, 2015-2023 (Usd Million)
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