$1,617.5 Billion Growth Expected in 3D Printing Construction Market by 2030
Meticulous Research®, a prominent global market research firm, has released a report titled "3D PRINTING CONSTRUCTION MARKET by Construction Method (Extrusion, Powder Bonding), Material Type (Concrete, Metal, Composite, and Others), Application (Building & Infrastructure) and Geography—Global Forecasts to 2030."
According to Meticulous Research®, the global 3D printing construction market is projected to reach an impressive $1,617.5 billion by 2030, experiencing a staggering CAGR of 207.1% between 2024 and 2030. Several factors are propelling the market’s growth, including increasing focus on sustainable construction practices, minimal waste generation, heightened accuracy, design flexibility, adoption of green projects, and a construction labor shortage.
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This market is categorized by construction method, material type, and application. The report also provides an analysis of major market players and evaluates regional and national markets.
In terms of construction method, the market is divided into extrusion and powder bonding. By 2024, extrusion is expected to dominate the global market, primarily due to its widespread application in various environments. This technique is essential for modeling, prototyping, and production, using a robotic arm or gantry system to layer material. Its adaptability, high productivity, and continuous operation contribute to its significant market share. However, powder bonding is expected to achieve the highest CAGR throughout the forecast period.
By material type, the market segments into concrete, metal, composite, and others. The concrete segment is poised to lead the market by 2024, as 3D concrete printing is becoming an economical alternative to traditional construction, helping to reduce labor and time costs while boosting productivity. The ability to create complex forms, like double-curved surfaces, has drawn more interest from developers. However, the metal segment is anticipated to experience the highest growth over the forecast period.
The market is further divided by application into buildings and infrastructure. The building segment is projected to hold the largest share by 2024, driven by the increasing demand for new housing. The efficiency and cost-effectiveness of 3D printing in constructing high-quality homes have encouraged partnerships between construction companies and 3D printing service providers.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to lead the global market by 2024 due to growing infrastructure investments and an increasing number of new construction projects. Countries like China and Japan are seen as major players with significant potential for 3D printing adoption.
A notable industry leader in China, WinSun, employs advanced 3D printing techniques using a massive printer to create structures from materials including cement, sand, and fiber mixed with proprietary additives.
Key Players:
The key players operating in the 3D printing construction market are COBOD (Denmark), Yingchuang Building Technique (China), XtreeE (France), Apis Cor Inc. (U.S.), WASP S.r.I (Italy), CyBe Construction (Netherlands), Sika AG (Switzerland), MX3D (Netherlands), Contour Crafting Corporation (U.S.), ICON Technology, Inc. (U.S.), L&T Construction (India), and Constructions-3D (France), among others.
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Key questions answered in the report-
- Which are the high-growth market segments based on construction method, material type, and application?
- What was the historical market for 3D printing construction?
- What are the market forecasts and estimates for the period 2024–2030?
- What are the major drivers, restraints, and opportunities in the 3D printing construction market?
- Who are the major players, and what shares do they hold in the 3D printing construction market?
- How is the competitive landscape in the 3D printing construction market?
- What are the recent developments in the 3D printing construction market?
- What are the different strategies adopted by the major players in the 3D printing construction market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global 3D printing construction market, and how do they compete with the other players?
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