3D Printing Construction Market Growth & Forecast Analysis | 2022-2028

Market Insights

The 3D printing construction market was estimated at USD 0.03 billion in 2021 and is likely to grow at a CAGR of 146.64% during 2022-2028 to reach USD 18.91 billion in 2028.

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COVID-19 Impact

The impact of the global pandemic Covid-19 was felt across all industries in every field. Worldwide lockdowns and restrictions resulted in a complete standstill in construction. As a result, the 3D printing construction market saw a significant decline due to Covid-19.

What is 3D printing construction?

3D printing construction refers to various technologies that use 3D printing to fabricate buildings or construction components. 3D printing construction is majorly used for building complex components for private, commercial, and industrial construction. It provides advantages such as lower labor costs, faster construction, and higher accuracy.

3D printing construction is done with different materials such as concrete, metal, composite, and others. They are constructed through different construction methods such as extrusion and powder bonding.

Key Players

Some of the major players in the market are-

• Yingchuang Building Technique
• XtreeE
• Apis Cor
• Monolite UK
• CSP s.r.l.
• CyBe Construction
• Sika

Market Dynamics

The growing demand for 3D printing construction is mainly due to its various advantages such as-

• Less construction time,
• Cost-effectiveness,
• Flexibility,
• Less an occurrence of an error,
• Great precision.

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Segments Analysis

By Construction Method Type

Based on the construction method type, the market is segmented into extrusion and powder bonding. The extrusion segment held the larger share of the market in 2021 and is expected to remain dominant during the forecast period owing to its superior characteristics, such as less construction time, fewer chances of error, and cost-effectiveness. Through the extrusion process building components with complex geometrical structures can be constructed.

By Material Type

Based on the material type, the market is segmented as concrete, metal, composite, and others (foam, plastic, gypsum, and geopolymer). The concrete segment is expected to remain dominant during the forecast period owing to its various advantages, such as environmental resistance, compressive strength, cost-effectiveness, and design flexibility.

By End-Use Sector Type

Based on the end-use sector type, the market is segmented into building and infrastructure. The building segment leads the market. The growth can be attributed to the increase in population, which is giving rise to the construction of new houses in the urban and sub-urban areas globally, an upsurge in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest growing market during the forecast period, owing to the presence of a large number of manufacturers in the region. China and Thailand are the major markets of the region. The market is majorly driven by an increase in population and a rise in the construction of commercial residential buildings in the region.

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Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Construction Method Type

• Extrusion
• Powder Bonding

By Material Type

• Concrete
• Metal
• Composite
• Others

By End-Use Sector Type

• Building 
• Infrastructure

By Region

• North America (Country Analysis: the USA, Canada) 
• Europe (Country Analysis: Germany, France, Russia, Denmark, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by end-use sector type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.