3D Concrete Printing Market is Expected to be Dominated by North America Until 2028
Increase
in focus on minimizing waste generation and a growing need for affordable
housing are expected to drive the global 3D Concrete Printing market during
the forecast period of 2024-2028.
According
to TechSci Research report, “3D Concrete Printing Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028F”, the Global
3D Concrete Printing market is anticipated to register a robust growth during
the forecast period, 2024-2028, owing to increasing demand for complex
structures at affordable rates and rising number of construction projects. 3D
concrete printing offers a quick and cost-efficient way of building homes.
Large-scale, cement-based 3D printing disposes the need for conventional
molding by precisely placing, or solidifying, specific volumes of material in
sequential layers, by a computer-controlled positioning process.
Furthermore,
to produce less waste, a concrete 3D printer significantly shortens supply
chains and the number of workforces required on the job locate. The high cost
of professional labor in developed countries like India fuels the expansion of
the global 3D concrete printing market. In addition, labor-intensive
construction processes produce construction trash, initiating activities such
as waste collection and demolition. Due to the waste generated during the 3D concrete
printing, the contractor's project costs, as well as the government's
collection and demolition charges increase. In contrast, 3D printing generates
a lot less waste than traditional methods. However, the high initial cost of
printers, their care, their operating software, and their hardware, significantly
restricts the market for 3D printed concrete. The limitation of printing size
and height is another issue that impedes economic and technological progress,
internationally.
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Global
3D concrete printing market is segmented into printing type, technique,
offering, end-use, and region. Based on printing type, the market is segmented
into gantry system, robotic arm. Based on technique, the market is segmented
into extrusion-based, powder-based. Based on offering, the market is segmented
into printing services, materials. Based on end-use, the market is segmented
into residential, commercial, infrastructure. Based on region, the market is
segmented into North America, Asia-Pacific, Europe, South America, Middle East
& Africa.
Based
on printing type, gantry system dominated the global 3D concrete printing
market in 2022 and is expected to grow with a high CAGR due to the fact that a
gantry system is a motor-driven linear arrangement of frames or rails. Gantry
devices are able to print significantly bigger objects than robotic arms. As a
result, gantry systems are used when erecting a structure. Many housing
complexes are built employing gantry systems in China, the US, Italy, Denmark,
and other countries. Because of advancements in the technology for printing 3D
concrete and a growth in building projects that use 3D printing, it is
projected that the market for gantry system printers will grow fast over the
course of the forecast period.
The
robotic arm section is expected to hold the second largest share in the global
3D concrete printing market because it is used to create intricate shapes and
unique products. The robotic arm has numerous axes and can interchange in
different directions and pivots. The printer is equipped to create complicated
3D items since it has more axis of freedom. Furthermore, it is projected that imposing
consumer awareness of 3D concrete printing would significantly increase demand
for robotics arm 3D printers, strengthening market expansion.
Based
on region, North America is the most significant shareholder in the global 3D concrete
printing market and is expected to grow during the forecast period. The 3D
concrete printing market in North America has grown significantly as a result
of the market's innovation phase. The United States is expected to provide the
majority of the income, but it is predicted to grow swiftly with technology
advances and the removal of barriers like poor finish and technical proficiency
in the global market. Additionally, it is anticipated that an increasing number
of major market players would work together to develop and promote cutting-edge
3D concrete printing techniques, which will support market growth.
Based
on end-use, residential segment dominates in the global 3D concrete printing market
in 2022 because builders and contractors decide 3D printing to competent understand
the technology for producing concrete in three dimensions. For instance, in
2017 COBOD, a company that provides 3D printing techniques, constructed a
3D-printed house in Denmark. Thus, it is predictable that the rapid acceptance
of 3D technology in residential sector construction would boost more operators
to choose the 3D printing technology, which is likely to upsurge the demand for
global 3D concrete printing in the residential sector over the forecast period.
Major market players
operating in the global 3D Concrete Printing market are:
- LafargeHolcim Ltd
- Skanska AB
- Acciona, S.A.
- HeidelbergCement AG
- Kier Group plc
- Sika AG
- Balfour Beatty plc
- Foster + Partners Limited
- CRH plc
- Carillion plc.
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“The increasing demand for 3D
concrete printing in construction and infrastructure development projects in
driving global 3D concrete printing market growth. 3D concrete printing is a
revolutionary technology that enables the creation of complex and intricate
designs, reducing the need for labor-intensive construction methods. It is an
eco-friendly alternative to traditional construction methods that produce
significant amounts of waste.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“3D
Concrete Printing Market- Global Industry Size, Share, Trends, Opportunities,
and Forecast 2018-2028F Segmented
By Printing Type (Gantry System, Robotic Arm), By Technique (Extrusion-Based,
Powder-Based), By Offering (Printing Services, Materials), By End-use Sector
(Residential, Commercial, Infrastructure), By Region, Competition”, has evaluated the future
growth potential of global 3D concrete printing market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global 3D concrete printing market.
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