As per Market Research Future (MRFR)’s assessment, the global 3D concrete printing market has been anticipated to expand at a CAGR of 14.05% during the forecast period. The growing need for housing facilities owing to rise in urban migration is expected to drive the expansion of the global market. The market’s valuation is likely to reach a valuation of USD 69.9 Mn by the end of the forecast period.
3D concrete printing is an emerging technology that has gained quick mileage. It facilitates the building of properties in comparatively lesser time with minimum wastage. This, in turn, has been projected to propel the expansion of the 3D concrete printing market over the next couple of years.
The increasing awareness about green building coupled with support extended by the governments for affordable houses is poised to revolutionize the growth trajectory of the 3D concrete printing market in the foreseeable future. Investments are anticipated to flow towards the development of advanced printing machines which is prognosticated to augment the 3D concrete printing market in the foreseeable future.
By Concrete Type, the global 3D concrete printing market has been segmented into ready mix concrete, precast concrete, shotcrete, and high-density concrete.
By Application, the 3D concrete printing market has been segmented into residential, industrial, agricultural and others.
By end-use, the global 3D concrete printing market has been segmented into walls, roofs, floor, staircase, and others.
The global 3D concrete printing market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to hold the lion's share of the global market through the projection period. The report reveals that the regional market is set to strike a CAGR of 14.2% over the next few years. The shift in consumer preference towards green buildings is primarily responsible for propelling the expansion of the 3D concrete printing market in the region. The U.S. is the largest country-level market in the region.
Asia Pacific is poised to exhibit the steepest rise in the growth curve in the foreseeable future. It is anticipated to register a CAGR of 14.51% over the assessment period. Rapid industrialization and urbanization are forecasted to drive the growth of the 3D concrete printing market in the region. Furthermore, the initiatives undertaken by the governments for facilitating affordable housing facilities are presumed to infuse a healthy boost to the future trajectory of the regional market across the forecast period.
Some of the key players operating in the global 3D concrete printing market with a fair share in the market share analysis are Winsun Global (China), Skanska AB (Sweden), Dus Architects (The Netherlands), Cybe Construction (The Netherlands), Balfour Beatty (U.S.), Sika AG (Switzerland), HeidelbergCement AG (Germany), Foster + Partners (London), LafargeHolcim Ltd (Switzerland), and Apis Cor (Russian Federation).
In February 2019, researchers at Tsinghua University School of Architecture in Beijing have built a 26.3-metre-long 3D printed concrete bridge in Shanghai claimed to be the world’s longest.
In February 2019, Marines at Camp Pendleton, California, have 3D printed a concrete bridge in 14 hours.
In February 2019, a specialist in robotics and manufacturing automation, USABotics, has ventured into 3D concrete printing equipment through its new charter namesake model, MudBots.
In February 2019, COBOD, Danish Construction Company has entered into an agreement with a 3D printing tech provider, 3DVinci Creations, for the distribution of printing systems in the United Arab Emirates.
In February 2019, Andrey Rudenko, construction AM expert, has announced the launch of LAByrinth concrete 3D printer for R&D.