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MANUFACTURING & CONSTRUCTION

3D Concrete Printing Market Segmentation By Mix Type (Shotcrete, Ready-Mix Concrete, Lime Crete, Stamped Concrete And Others); By Technique (Powder-Based and Extrusion-Based); By Offering (Printing Services and Materials); By End User (Industrial Infrastructure, Buildings And Others) – Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of 3D Concrete Printing Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • On 17th June, 2019, CyBe Construction – a Dutch concrete 3D printing company was chosen to build 3D printed houses in the Sharjah Technology and Innovation Park in the UAE.

Introduction to 3D Concrete Printing

3D construction printing (3DCP), often referred as 3D concrete printing, is the process of manufacturing additives that are used to fabricate buildings and construction components in ground-breaking forms which were previously not possible with traditional concrete formwork. In extrusion generally concrete or cement, wax, foam, polymers are used; polymer bonds and sintering are used in powder bonding and additive welding. These fabrications can be done both on-site or off-site using industrial robots and tethered autonomous vehicles.

3D concrete printing offers tremendous possibilities for new designs and to achieve the “form follows function” efficiency by optimal structure forms. The most important factor to be considered in construction business is the costs associated. By employing 3D concrete printing technology, it is expected to bring down the construction costs. Other benefits such as reduction in construction wastes, improving quality of production and less time for setting are attributed to adopting the 3D concrete printing technology. Digital revolution in construction is aimed at constructing structures with integrity, higher life cycles and less maintenance.

Market Size and Forecast

Some factors such as reduction in costs of construction, rapid urbanization and the increasing demand for affordable housing with structural integrity and design-customizability are anticipated to boost the market growth. Additionally, these technologies help in developing complex building geometrics with higher precision and less construction wastes. Driven by these prominent features along with favorable government regulations for permitting 3D construction technology in public and private infra projects, the global 3D concrete printing market is estimated to grow with notable CAGR during the forecast period, i.e., 2020-2028. On the basis of mix type, the market is further segmented into shotcrete, ready-mix concrete, lime crete and others, out of which, the leading market share is estimated to be held by ready-mix concrete segment. This can be attributed to this being a preferred mix type by masons due to its less setting time. The market is further segmented by technique into power based and extrusion based segments. Among these, the extrusion based segment was the largest revenue generating segment in 2019 owing to the availability of various buying options pertaining to the material, and design preference of consumers. Additionally, the option of fabricating the components that is done both on-site and off-site using automation tools further contributes to the growth of the segment. CLICK TO DOWNLOAD SAMPLE REPORT

3D Concrete Printing Market Graph

Based on the end user segment, the market is categorized by industrial infrastructure, buildings and others. Out of these, the buildings segment is projected to hold the leading market share on the back of rising utilization of 3D concrete printing tech for building complex structures at affordable costs.

Growth Drivers

Rapid Urbanization and Cost-affordable housing

According to the World Bank, the urban population accounted for 55.27% of the total population globally in the year 2018. This rapid urbanization in the last few decades is drawing a huge demand for affordable housing. The time-saving ability of the 3D concrete printing technology while ensuring structural integrity of the buildings with less construction wastes is anticipated to enormously increase the affordability of homes.

Enriched lifestyles looking for architectural finesse and customizability in the homes is driving architects to adopt 3D concrete printing technology as a mode of making fashionable designs. These are some of the considerable factors that are estimated to promote the growth of the market. Additionally, this growth is backed by rising number of initiatives taken by governments of different regions to promote real estate, housing and construction from across the globe.

Rise Concerns Related to Global Warming and Climate Change

On the back of growing technological advancements and concerns towards developing ecofriendly solutions in order to minimize carbon emissions from construction activities and construction wastes, the global 3D concrete printing market is estimated to witness substantial opportunities throughout the forecast period. This, in turn, is driving manufacturers to come up with consumer and nature-friendly solutions.

Restraints

High Costs Associated with 3D Printing Technology

The potential factor that is predicted to hamper the growth of the market is the high cost associated with 3D concrete printing machinery as compared to the conventionally used construction equipment.

Lack of Awareness

The lack of product awareness in the developing countries across the globe might act as a barrier to the growth of the market. In order to increase the market size, it is important to increase the awareness about the available technologies in both developed and developing countries.

Market Segmentation

Our in-depth analysis of the 3D concrete printing market includes the following segments:

By Mix type

  • Shotcrete
  • Ready-mix concrete
  • Lime Crete
  • Stamped Concrete
  • others

By Technique

  • Powder-based
  • Extrusion-based

By Offering

  • Printing Services
  • Materials

By End User

  • Industrial Infrastructure
  • Buildings
  • Others

By Region

On the basis of regional analysis, the 3D concrete printing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Europe is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market 3D concrete printing machinery. Moreover, the increase in demand for complex buildings construction in this region is estimated to increase the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of rapid urbanization and industrialization along with a high population in the region. The rising awareness pertaining to utilization of ecofriendly construction practices in the region, especially in countries such as China, India and Japan, is further anticipated to result in the increased demand for 3D concrete printing.

3D Concrete Printing Market share image

The 3D concrete printing market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Top Featured Companies Dominating the Market

 


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