3D Printing Construction Market Size, Emerging Trends, Forecasts, and Analysis 2022-2028
The report named 3D Printing Construction Market Research Report, published by Stratview Research offers a thorough knowledge of the development and current scenario of the market. This report contains updated information related to the market gathered by extensive primary and secondary research. The market report incorporates the key players including manufacturers, providers, etc. This can help the users to understand the scenario of the market and take a firm decision for future investments.
As per the report, the 3D printing construction market was estimated at USD 0.03 billion in 2021 and is likely to grow at a CAGR of 146.64% during 2022-2028 to reach USD 18.91 billion in 2028.
This newly published and insightful report sheds light on market insights of the 3D Printing Construction Market, including their impact on the overall value chain from suppliers to end-users and growth dynamics. Also, it discusses the market size from 2022-2028.
The impact of the global pandemic Covid-19 was felt across all industries in every field. Worldwide lockdowns and restrictions resulted in a complete standstill in construction. As a result, the 3D printing construction market saw a significant decline due to Covid-19.
What is 3D printing construction?
3D printing construction refers to various technologies that use 3D printing to fabricate buildings or construction components. 3D printing construction is majorly used for building complex components for private, commercial, and industrial construction. It provides advantages such as lower labor costs, faster construction, and higher accuracy.
3D printing construction is done with different materials such as concrete, metal, composite, and others. They are constructed through different construction methods such as extrusion and powder bonding.
Stratview Research tracks all the major product launches, mergers and acquisitions over the past few years. The idhentification of key players in the market is based on both primary interview results as well as available authentic secondary data sources. According to the research, the following are the key players in the 3D Printing Construction Market.
- Yingchuang Building Technique
- Apis Cor
- Monolite UK
- CSP s.r.l.
- CyBe Construction
This report aims at providing critical market information and valuable insights which are of high value to the users, enabling them to identify the strategic growth opportunities in the market. The report also aims at answering the following key questions:
- What is the current and future market potential of the 3D Printing Construction Market?
- How will the COVID-19 pandemic impact the market?
- What will be the short and long-term repercussions of the pandemic?
- How are other crucial market factors changing the market dynamics?
- When is the recovery expected from the pandemic?
- After the pandemic, which region will heal up with the fastest pace?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the market competition?
- What are the key emerging trends and unmet needs?
- What are the strategic growth opportunities and key success factors?
The growing demand for 3D printing construction is mainly due to its various advantages such as-
- Less construction time,
- Less an occurrence of an error,
- Great precision.
Based on the construction method type, the market is segmented into extrusion and powder bonding. The extrusion segment held the larger share of the market in 2021 and is expected to remain dominant during the forecast period owing to its superior characteristics, such as less construction time, fewer chances of error, and cost-effectiveness. Through the extrusion process building components with complex geometrical structures can be constructed.
Based on the material type, the market is segmented as concrete, metal, composite, and others (foam, plastic, gypsum, and geopolymer). The concrete segment is expected to remain dominant during the forecast period owing to its various advantages, such as environmental resistance, compressive strength, cost-effectiveness, and design flexibility.
Based on the end-use sector type, the market is segmented into building and infrastructure. The building segment leads the market. The growth can be attributed to the increase in population, which is giving rise to the construction of new houses in the urban and sub-urban areas globally, an upsurge in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest growing market during the forecast period, owing to the presence of a large number of manufacturers in the region. China and Thailand are the major markets of the region. The market is majorly driven by an increase in population and a rise in the construction of commercial residential buildings in the region.
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