3D Printing Construction Market Analysis | 2023-2028

Market Insights

The 3D printing construction market was estimated at USD 0.08 billion in 2022 and is likely to grow at a CAGR of 141.54% during 2023-2028 to reach USD 18.91 billion in 2028.

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Market Dynamics

Introduction

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.

COVID-19 IMPACT

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.

Market Drivers

3D printing is gradually finding applications in the construction industry due to several reasons. A few are mentioned below –

• Benefits offered by 3D printing technology– The implementation of 3D printing technology transforms the construction industry by offering high accuracy, unparalleled efficiency, reduced labor cost, and significant construction speed. Also, 3D printing materials are affordable compared to others. These benefits are likely to propel the growth of 3D printing in the construction industry.
• Sustainability– 3D printing stands out as an energy-efficient alternative that produces considerably less amount of wastage, resulting in lower environmental impact. Thus, with the increasing emphasis on sustainable practices, 3D printing emerges as a valuable solution for the construction industry.
• Government initiatives and rising investments– The rising interest of governments in sustainable and innovative projects is also promoting the demand for 3D printing in the construction industry. Governments across the world are supporting industries that are developing innovative products through tax benefits, and credits. For instance - the European Union granted EUR 1.8 billion, in January 2023, through its Innovation Fund to 16 innovative projects that will avoid ~125 million tonnes of CO2 emissions in the first 10 years of operation.

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Amidst the evolving landscape of the construction industry, strategic collaborations are taking place. In response to the growing need for innovative products in the construction industry, in November 2022, PT Modula Sustainability Indonesia, a subsidiary of PT Bakrie & Brothers, established a joint venture agreement with COBOD International, a 3D construction printing solution giant.

This joint venture will take on responsibilities for sales, distribution, and market development focusing on the adoption of 3D Construction printing (3DCP) solutions through various activities.

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 largest revenue share of >60% in 2022 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.

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 held the largest revenue share of >30% in 2022 and 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.

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By End-Use Sector Type

Based on the end-use sector type, the market is segmented into building and infrastructure. The building segment held the largest revenue share of >70% in 2022 and is expected to remain dominant during the forecast period.

The growth can be attributed to the increase in population, which is giving rise to the construction of new houses in urban and suburban 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

Asia-Pacific is estimated to be the largest as well as the fastest growing market for 3D printing construction and it holds a revenue share of >40% in 2022, 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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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

Note: The above list does not necessarily include all the top players in the market.

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Recent Developments

June 2023: 3DXB GROUP to make debut in UAE to revolutionize the construction sector- In a groundbreaking move set to revolutionize the construction sector, 3DXB GROUP is poised to make its debut in the UAE. This momentous development aligns with the visionary decree No. (24) of 2021, issued by the esteemed His Highness Sheikh Mohammed Bin Rashid Al Maktoum, which regulates the utilization of 3D printing in Dubai's construction industry. This decree is in full support of the Emirate's strategic objective to construct 25% of its buildings using 3D printing technology by 2030.

At the forefront of this transformative wave is 3DXB GROUP, the only regional company in the UAE that offers comprehensive 3D building solutions for the construction sector. With their cutting-edge expertise and innovative approach, they are set to revolutionize the way buildings are designed and constructed in the region. Embracing the limitless potential of 3D printing, 3DXB GROUP aims to play a pivotal role in the realization of Dubai's ambitious vision for the future of construction.

November 2022: Lennar, a prominent national homebuilder, and ICON, a pioneer in large-scale 3D printing, announced the commencement of construction for a groundbreaking community of 3D-printed homes in Georgetown, TX. This remarkable project, located in the master-planned Wolf Ranch community by Hillwood Communities, blends innovative robotics, software, and advanced materials to create technologically advanced, environmentally sustainable, and architecturally stunning homes. Co-designed by the renowned architectural firm BIG-Bjarke Ingels Group, each Lennar home in Wolf Ranch showcases exceptional design. Reservations for this 100-home community will open in 2023, with prices starting from the mid-$400,000s.

August 2022: Montana made history in August 2022 as the first state to approve 3D-printed walls for construction- Building code regulators granted the approval to Tim Stark, a contractor from Billings, Montana, after reviewing documents and testing reports from Apis Cor. Apis Cor, a Florida-based construction technology company, holds the Guinness World Record for the largest 3D-printed building and is the only company with 3D-printed walls complying with international building codes. Their walls were independently tested in Boston, Massachusetts, and the specifications were published by the National Fire Protection Association (NFPA). This achievement highlights the transformative potential of 3D printing in the construction industry.

Report Features

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s 3d printing construction market realities and future market possibilities for the forecast period.
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• 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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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Company Profiling

• Detailed profiling of additional market players (up to 3 players)
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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.

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