Global 3D Concrete Printing Market to Grow at Over 15% through 2024
Growing construction sector and technological advancements to
drive global 3D concrete printing market through 2024.
According to TechSci Research
report, “Global 3D Concrete Printing Market By Product Type, By
Concrete Type, By Technique, By Software, By End-User, By Region, Competition,
Forecast & Opportunities, 2024”, global 3D concrete printing market is
projected to grow at a CAGR of over 15% during 2019-2024, owing to rapid
urbanization, rising demand for complex structures at affordable rates and
increasing demand for new construction projects. Construction process becomes
faster with the 3D concrete printing technology, thereby reducing the overall
cost of construction project, which in turn, increases the demand for 3D
concrete printing technology in emerging economies.
In terms of end-user, global 3D
concrete printing market has been categorized into residential, commercial, infrastructural,
architectural and others. Residential sector accounted for a significant
portion of the global market for 3D concrete printing in 2018 and is expected
to account for a considerable portion during forecast period as well. Anticipated
growth of the segment can be majorly attributed to rising demand in the housing
sector in developing nations, such as South Africa, Saudi Arabia, India and
China. The governments of the developing countries are making
Europe is expected
to account for the largest share of global 3D concrete printing market during
the forecast period, on the back of growing residential construction
activities. Moreover, increasing demand for complex building structures at
affordable costs is also bolstering market growth.
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“With increasing
urbanization and industrialization, need for new construction projects is
growing significantly across the globe. 3D concrete printing technologies are
being adopted by several building construction companies and regulatory bodies.
Such developments would have a positive impact on global 3D concrete printing
market over the course of next five years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Global
3D Concrete Printing Market By Product Type, By Concrete Type, By
Technique, By Software, By End-User, By Region, Competition, Forecast &
Opportunities, 2024,”
has evaluated the future growth potential of global 3D concrete printing market
and provides statistics and 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 global 3D concrete printing market.
About
TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research-based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
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