Construction 3D Printing Market to be Driven by Increased Adoption of Building Information Modelling
Increased usage of 3D printing in
the industrial sector is a result of technological developments and rising
adoption in construction industry is expected to drive the market of the Global
Construction 3D printing Market in the forecast period of 2024-2028.
According to
TechSci Research report, Construction 3D printing Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast. 2018–2028F, the Global Construction
3D printing market is anticipated to register a robust growth during the
forecast period, 2024-2028. The growing consumer awareness, rising R&D
expenditure, technological improvements, and usage of wide variety of materials
are the factors driving the growth in the construction 3D printing
market. Moreover, governments and industry participants are being
compelled by growing environmental concerns to use 3D printing and green
construction techniques. Due to the use of environmentally friendly building
materials, these solutions result in less waste reduction. In addition, the
development of the construction 3D printing market is anticipated to be aided
by the booming construction industry in developing nations, and the increasing
emphasis on eco-friendly building techniques.
Moreover, with
the use of 3D printing technology, the construction sector has the potential to
significantly reduce costs and increase environmental impact. Construction
industry experts and their clients may communicate more effectively and clearly
thanks to 3D printing technology. With the use of 3D printing technology,
customers with no architectural expertise will be able to convey their wants
more clearly. These elements are anticipated to increase the role 3D printing
technology plays in different green construction projects around the world.
In addition,
globally, governments provide tax breaks, grants, and credits to businesses and
sectors that create innovative products. For instance, various innovation
awards are provided by European agencies. New products give businesses access
to global markets, ultimately fostering economic growth and creating job
possibilities. As a result, the government continually promotes innovative
technology and offers financial assistance, encouragement, and support to businesses
who adopt innovation. Through programmes like the National Icons Competition,
Innovation Expo, National Science Agenda, Innovation Attaché Network, and smart
industrialization, governments from several nations as well as regional
authorities and organizations are promoting innovation in leading industries.
By encouraging the development and use of cutting-edge technologies like 3D
printing, nanotechnology, and robots, these projects seek to enhance specific
industries.
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The
Construction 3D Printing Market is segmented into method, material type, and end
user. Based on method, the market is segmented into extrusion, powder bonding, and
others. Based on material type, the market is divided into concrete, metal,
composite, and others. Based on end user, it is categorized into building, and infrastructure.
The extrusion segment generated the
highest revenue in 2022 as the extrusion method, conventional building supplies
including clay, concrete, cement, plaster, and geopolymer can be used for
on-site construction. Additionally, the powder bonding market is predicted to
expand significantly because of its capacity to create consolidated pieces and
lightweight constructions, among other things. When creating complex
structures, the powder bonding technique provides great heat resistance,
decreases overall assembly time, and boosts durability. This is what is now
fueling the segment's growth.
The concrete segment generated the
highest revenue in 2022, owing to complex structures that are challenging to
build using conventional construction techniques are made using 3D printed
concrete. The benefits offered by concrete 3D printers include simplified
processes, cutting-edge designs, lower costs, higher quality, and increased
productivity. In the present, numerous businesses from all over the world are
attempting to strengthen their position in 3D printing, utilizing concrete.
Key
market players in the Construction
3D printing market:
- COBOD
International A/S
- XtreeE
- Apis Cor
- WASP S.r.I.
- CyBe
construction
- SikaAG
- Mx3D
- Contour
Crafting Corporation
- ICON
Technology, Inc.
- Constructions
-3D
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“Asia Pacific is the fastest growing
segment as players are being encouraged to make investments in the Asia Pacific
market, by the steps taken by the governments of developing nations like
Taiwan, Singapore, and South Korea. The region's market is anticipated to grow
concurrently with the rise in demand for housing and 3D concrete printing. A
number of regional governmental entities are approving the usage of 3D printers
to build homes. For instance, the Singapore Housing Development Board approved
the use of 3D printing technology for the development of buildings and
architectural elements like benches and pavilions.” said, Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Construction
3D Printing Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast. 2018–2028F, Segmented By Method (Extrusion, Powder Bonding, Others),
By Material Type (Concrete, Metal, Composite, Others), By End User( Building,
Infrastructure), By Region, Competition Forecast & Opportunities,
2018-2028F,” has evaluated the future growth potential of Location- based
Services 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 Construction 3D Printing Market,
globally.
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