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The global 3D Concrete Printing market size was valued at USD 34.9 million in 2019 and projected to reach USD 78.3 million by 2027 at a CAGR of 10.63% due to the reduction in health & safety risks. In addition, the propelling rate of accidents across the globe is projected to fuel the global market. Moreover, the promise of 3D concrete printing technology in terms of mass customization and its longevity are some of the main factors anticipated to fuel global business development. In particular, the emerging nations are bringing different reforms and regulations to boost infrastructural development. In addition, the declining building wastage is fueling target market growth. Furthermore, the 3D Concrete Printing Market is gaining rapid mileage in the global landscape due to the growing awareness among consumers and builders about its benefits. There is an imperative need for more and more housing facilities as the urban population grows, which expected to boost the market across the globe at a substantial growth rate.
However, the poor finishing surfaces and limited sizes of printers are projected to hamper the global 3D concrete printing market’s growth.
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Offering Overview in the Global 3D Concrete Printing Market
Based on the offering, the global 3d concrete printing market segregated into Printing Services, and Materials. The printing services offering segment estimated to hold the largest share over the forecasted period of 2020-2027 across the globe due to the rising investment in infrastructural development. Additionally, the lower waste generation, coupled with the lower labor cost, is expected to boost the global market at a considerable growth rate.
Technique Overview in the Global 3D Concrete Printing Market
Based on the technique, the global 3d concrete printing market categorized into Extrusion-based, and Powder-based. The extrusion-based technique segment is expected to lead the global 3D concrete printing market significantly during the forecasted period of 2020-2027. This is due to the capacity to generate large-scale construction modules with geometrically complex formations and conventional building materials.
However, the powder-based technique segment is estimated to have a substantial growth rate due to growth in the research and development activities across the globe.
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End-User Overview in the Global 3D Concrete Printing Market
Based on the end-user, the global 3d concrete printing market classified into Building, and Infrastructure. The building end-user segment is projected to dominate the market across the globe by 2027 owing to the rising trend towards the construction and development of complex structures. Additionally, the rapid industrialization is further projected to boost the global 3D concrete printing market across the globe at a considerable growth rate.
Regional Overview in the Global 3D Concrete Printing Market
By geography, the global 3d concrete printing market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America estimated to dominate the market due to growth in research and development activities and the presence of leading players of the 3D Concrete Printing market across the nations. In addition, the expanding market for green buildings is estimated to drive the market across the region.
However, Asia Pacific is expected to have the fastest growth rate over the forecasted period by 2027, owing to the rise in the geriatric population. In addition, the increasing environmental issues, powerful policy funding, initiatives toward standardization, and expanded understanding of sustainable development is anticipated to drive the market across the region.
Global 3D Concrete Printing Market: Competitive Landscape
Companies such as DUS Architects, Cybe Construction, UNIVERSE ARCHITECTURE BV, Yingchuang Building Technique (Shanghai) Co. Ltd (WinSun), Sika AG, Rohaco, Imprimere, Skanska, Fosters + Partners, Acciona S.A., WinSun Global, HeidelbergCement AG, LafargeHolcim, Balfour Beatty, Apis Cor, Carilliom Plc, Betabram, Beijing Huashang Luhai Technology, Icon, and Total Kustom are the key players in the global 3D Concrete Printing market.
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