3D Concrete Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global 3D concrete printing market size reached US$ 1,244.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 42,323.3 Million by 2028, exhibiting a CAGR of 72.1% during 2023-2028.
3D concrete printing, also known as cementitious 3D construction printing (3DCP), refers to a form of additive manufacturing used to fabricate buildings and construction components. It employs state-of-the-art 3D printing technology, advanced machinery, and novel concrete mixtures to create customized and complex designs, shapes, and structures. It involves depositing layers of 3D printed concrete on the previously pumped layers through the nozzle of the printing equipment until the desired structure is formed. In recent years, 3D concrete printing has rapidly gained traction across the construction industry as it helps streamline the entire process, reduce overall costs, minimize material wastage, enhance productivity, save time and improve construction quality.
3D Concrete Printing Market Trends:
3D concrete printing offers higher accuracy, efficiency, improved speed of construction, lower labor costs, and greater design flexibility than traditional construction techniques. As a result, the escalating demand for customized and cost-efficient buildings represents the primary factor driving the market growth. Besides this, the growing need for affordable housing across the globe due to rapid urbanization, expanding population, and inflating consumer disposable incomes is augmenting the product demand. Additionally, 3D concrete printing assists in fabricating lightweight construction components, including panels, roofs, and walls, while ensuring structural integrity and reducing handling and transportation costs. Along with this, the rising demand for complex building structures and architectural flexibility is propelling the market growth. Furthermore, the market growth is favored by several favorable initiatives and extensive investments by governments of various countries in infrastructure development projects owing to the increasing number of national and international events. Moreover, with the advancements in 3D printing technology, innovative concrete mixes have been introduced, such as ready-mix, limecrete, shotcrete, high-density, and precast concrete, which are accelerating product adoption rates. Other factors, including the expanding construction industry, rapid industrialization, and ongoing research and development (R&D) activities, are also creating a favorable market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global 3D Concrete Printing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, concrete type, printing type and end use.
Breakup by Product Type:
Walls
Floors and Roofs
Panels and Lintels
Staircases
Others
Breakup by Concrete Type:
Ready-mix
High-density
Precast
Shotcrete
Others
Breakup by Printing Type:
Gantry System
Robotic Arm
Breakup by End Use:
Residential Building
Commercial Building
Infrastructure
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apis Cor, COBOD International A/S, CyBe Construction B.V., DUS Architects, Foster + Partners, Heidelbergcement AG, Holcim Ltd, Sika AG, Skanska AB, Universe Architecture, XtreeE and Yingchuang Building Technique Co. Ltd.
Key Questions Answered in This Report
1. What was the size of the global 3D concrete printing market in 2022?
2. What is the expected growth rate of the global 3D concrete printing market during 2023-2028?
3. What are the key factors driving the global 3D concrete printing market?
4. What has been the impact of COVID-19 on the global 3D concrete printing market?
5. What is the breakup of the global 3D concrete printing market based on the printing type?
6. What is the breakup of the global 3D concrete printing market based on the end use?
7. What are the key regions in the global 3D concrete printing market?
8. Who are the key players/companies in the global 3D concrete printing market?
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