3D Printing Construction Market, By Material Type (Concrete, Metal, Composite), Construction Method

Published Date: | Report Code : MT2063454

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3D Printing Construction Market, By Material Type (Concrete, Metal, Composite), Construction Method (Extrusion, Powder Bonding), End-Use Sector (Building, Infrastructure), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2028

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Domain : Materials

Report Code : MT2063454

Status : Published

The global 3D printing construction market size was valued at USD 4.5 million in 2019 and is anticipated to grow at a CAGR of more than 70% during the forecast period. 3D printing construction is an innovation in construction industry to innovate and decorate the walls of builds in 3D format which enhances the appearance and look of the buildings. 3D printing objects are manufactured using various additives and material with various layers of material until the object is completed. 3D printing in construction reduces the manufacturing costs of construction frame, work safety issues, and reduces the transportation costs of materials. There are two types of 3D printing construction methods namely extrusion-based and powder-based.

Increase in innovation and development in construction materials, growing demand for aesthetic appeal in construction buildings, increase in spending power of consumers, increase in demand for customized objects and enhanced architectural flexibility, and increase in number of 3D printing construction products are factors that will propel the global 3D printing construction market during the forecast period. Furthermore, high capital investment and lack of standardization in developing countries are some of the major factors which hamper the growth of 3D printing construction market.

There is intense revelry in 3D printing construction market due to manufacturers are focusing quality of the product, productivity, environment protection, and safety. The 3D printing construction helps to enhance the speed of construction and building complex shapes construction with production les waste and also reduces the labor costs. Increase in infrastructure development, government spending in public construction projects and transportation projects and growing government investment for research and development. Therefore, the effect of this factor on 3D printing construction market is expected to increase soon with continuously evolving technologies.

Key Factors Impacting the Growth of 3D printing construction Market:

  • Technological advancements
  • Increasing Construction projects across the globe
  • Government investment in 3D printing construction research
  • Architecture development helps to enhance the complex shapes of buildings with the help of 3D printing
  • Digitalization of Construction buildings

The 3D printing construction market segmentation is based on material type, construction method, end-use sector, and region. The leading construction leaders are looking to the 3D printing construction for construction projects as one of the key cost-saving potential regions. The 3D printing construction market is currently witnessing high growth due to increase in innovation and development in construction materials, growing number of construction projects, and increase in demand for customized construction and architectural flexibility.

Construction Method Outlook:

As per the current market scenario, the extrusion-based technique segment has covered the largest 3D printing construction market share and is projected to register a higher CAGR during the forecast period. The major factor which drives the growth of this segment are rising demand for large-scale building components with complex geometrical structures and growing usage in construction, buildings, and infrastructure. This expected to enhance the dominance of the extrusion-based technique segment in the global market over the forecast period.

Application Outlook:

Based on application, the market has been segmented into building and infrastructure. In 2018, buildings segment held the highest market share and the segment is also projected to maintain its dominance over the forecast period. This can be due to the rising number of residential and commercial buildings and increase in demand for time saving and cost effective construction materials. The characteristic of 3D printing constructions such as less waste, more precision and safety, and more thermal properties than other material, and rising demand for complex building structures is further expected to raise segment over the forecast period.

Regional Outlook:

Based on the region, the global 3D printing construction market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. In terms of revenue, Europe holds a dominant position in the global 3D printing construction market. The region's dominance is attributable to rising demand for 3D printing in infrastructure and commercial buildings, increase in innovation and development in construction materials, presence of major 3D printing manufacturing companies, and increase in demand for complex structures in building at affordable costs. Increase in number of new construction projects and developed buildings constructions in the region is one of the key factors driving the consumption of 3D printing construction in this region. Moreover, increase in number of research centers, growing number of infrastructure development projects in key countries such as Germany and France are also propelling the growth of 3D printing construction in the North America region. In North America, growing number of infrastructure development, increase in spending power of consumers, growing number of construction projects in countries, such as Canada and Mexico, are expected to enhance the market growth in the global 3D printing construction market during the forecast. Furthermore, Asia Pacific is estimated to project the fastest growth rate in the global 3D printing construction market during the forecast period. This growth can be accredited to several factors, such as the rapid industrialization, the rapid development of public and private construction, government spending on public transportation, increase in innovation and development in 3D printing construction, and growing residential and commercial construction. The growing investment by industry players through the development of new manufacturing units in the region and rising expenditure also contribute to market growth in the Asia Pacific.

The report analyzes factors affecting the 3D printing construction market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the 3D printing construction market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Innovative advancement in 3D printing construction helps to reduce the overall costs of the projects and develop complex building geometries. Major companies are investing in research and development. Key market players are also adopting inorganic development strategies like as acquisition of local brands. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the 3D printing construction market and increase their product portfolio. The key leading players in the market include Contour Crafting, Mx3D, Icon, Yingchuang Building Technique, Xtreee, Apis Cor, Monolite UK, Csp S.R.L, Cybe Construction, and Sika.

This report also includes the profiles of key 3D printing construction market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in 3D printing construction Market:

  • In August 2018, Xtreee signed partnership agreement with Seaboost. The partnership focuses to manufacture one of the most innovative artificial reefs.
  • In December 2019, Apis Cor developed world’s largest 3D-printed building completes in Dubai. The company developed 9.5 metres high with a floor area of 640 square metres.

What Does This Report Provide?

This report provides a detailed understanding of the global 3D printing construction market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Material Type

  • Concrete
  • Metal
  • Composite

By Construction Method

  • Extrusion
  • Powder Bonding

By End-Use Sector

  • Building
  • Infrastructure

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Material Type
    • By Construction Method
    • By End-Use Sector
  • Europe
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Material Type
    • By Construction Method
    • By End-Use Sector
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Material Type
    • By Construction Method
    • By End-Use Sector
  • Middle East & Africa
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Material Type
    • By Construction Method
    • By End-Use Sector
  • South America
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Material Type
    • By Construction Method
    • By End-Use Sector

Reasons to Buy This Report:

  • Market size estimation of the 3D printing construction market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

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  • By Sub-segment
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