The global 3D printing construction market size is expected to reach USD 1.50 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 114.8% over the forecast period. 3D Printing is also referred to as Additive Manufacturing (AM), as it involves the successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of material and the unnecessary material is ground out to obtain the desired object.
The use of 3D printing is increasing in the building sector to construct very complex structures with computer-programmed software. It offers more incredible speed for constructing, higher accuracy, and lower labor costs. Growing environmental concerns are driving market players and governments towards the adoption of 3D printing for construction. This technology is expected to assist in waste reduction as it uses eco-friendly construction materials. The technology is also successful in dangerous and harsh environments and can help minimize workplace casualties.
Asia Pacific accounted for the largest revenue share in 2019 and is expected to maintain its lead over the forecast period. This large market share and regional growth can be accredited to the lucrative opportunities in the construction sector in the Asia Pacific region. As the region is establishing itself to become a global manufacturing hub, the technology is anticipated to gain significant traction over the forecast period. China and Japan are prominent countries having the potential to offer extensive opportunities to the emerging as well as mature technologies such as 3D printing construction. The numerous manufacturing industries are contributing to the growth and prosperity of the region’s overall economic development.
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3D Printing Construction Market Report Highlights
- The extrusion construction method led the market and accounted for more than 60% share of the global revenue in 2019.
- Concrete led the market and accounted for more than a 30% revenue share in 2019. The segment is anticipated to continue leading the market over the estimated duration.
- The key players operating in the market include XtreeE, Yingchuang Building Technique, Monolite UK, Apis Cor, CSP s.r.l., Sika, CyBe Construction, Contour Crafting, and ICON
- In December 2017, Yingchuang Building Technique completed a 3D printed bus stop, the first of its kind, in Jinshan Garden, China. The bus stop was made using recycled waste material.
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3D Printing Construction Market Segmentation
Grand View Research has segmented the global 3D printing construction market based on the construction method, material type, end-user, and region:
3D Printing Constructions Method Outlook (Revenue, USD Million, 2016 – 2027)
- Powder Bonding
3D Printing Constructions Material Type Outlook (Revenue, USD Million, 2016 – 2027)
Key Topic Covered
Chapter 1 Methodology and Scope
1.1 Market Segmentation
1.2 Report Scope
1.3 Report Assumptions
1.4 Research Methodology
1.5 List of Data Sources
Chapter 2 Executive Summary
2.1 3D Printing Construction – Industry Snapshot & Key Buying Criteria, 2016 – 2027
Chapter 3 Market Variables, Trends & Scope
3.1 3D Printing Construction Market Dynamics
3.1.1 Market Driver Analysis
3.1.2 Market Restraint Analysis
3.1.3 Market Opportunity Analysis
3.2 Penetration & Growth Prospect Mapping
3.3 3D Printing Construction – Value Chain Analysis
3.4 3D Printing Construction Market Analysis – Porter’s
3.5 3D Printing Construction Market Analysis – PEST
3.6 Major Deals & Strategic Alliances Analysis
3.6.1 Funding & Investments
3.6.2 New Product Developments
3.6.3 Mergers & Acquisitions
3.6.4 Partnerships & Collaborations
Chapter 4 Material Type Estimates & Trend Analysis
4.1 3D Printing Construction Market: Material Type Analysis
Chapter 5 Construction Method & Trend Analysis
5.1 3D Printing Construction Market: Construction Method Analysis
5.1.2 Power Bonding
Chapter 6 End User Estimates & Trend Analysis
6.1 3D Printing Construction End-User Market: End User Movement Analysis
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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