Global 3D Printing Construction Market is valued at USD 36.74 Billion in 2021 and expected to reach USD 2088.97 Billion by 2028 with a CAGR of 78.1% over the forecast period.
Global 3D Printing Construction Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: One of the key elements driving business development is the increased use of Building Information Modelling (BIM). In the architectural, engineering, and infrastructure industries, BIM is the cornerstone of digital change. It is a highly interactive technique that enables architects, real estate managers, engineers, manufacturers, constructors, and other infrastructural experts to plan, create, and construct a structure or building in 3D.
When firms or projects use 3D printing in building, they successively layer materials using computer-controlled procedures to produce three-dimensional forms. 3D printers may be used to build new buildings on-site or to produce components off-site for subsequent assembly. The printer uses substances such as concrete, plastics, or liquid metals to produce the building after receiving measurements from a software program. Construction sites often create a lot of trash, whereas 3D printers employ just the materials required to construct anything, resulting in nearly no waste. Other waste-reduction strategies, such as prefabrication, might be used in building designs to further reduce waste production. 3D printing is cost-effective for a variety of reasons, including labor and time savings in building operations. Construction employees often buy raw supplies before measuring and cutting what they need, resulting in waste. Construction personnel often acquire the precise quantity of materials they expect to need for 3D printing operations, making it more cost-effective.
The COVID-19 outbreak had a negative influence on market development because supply chain operations were interrupted and some building projects were halted owing to lockdowns enforced by different governments throughout the world. Construction enterprises depend on their suppliers for equipment and raw materials. Nevertheless, since numerous governments limited the flow of commodities both domestically and across borders, enterprises were forced to suspend building efforts due to a lack of raw supplies and technology. Nonetheless, the relaxation of lockdowns and trading barriers have raised the demand for building development, which is expected to expand in the upcoming years.
The global 3D printing construction market is segmented based on the process, construction type, material, end-use, and region & country level. Based on process, the global 3d printing construction market is segmented into Powder Bonding, Extrusion, and Others. By construction type, the market is segmented into Modular, Full Buildings. By material, the global 3d printing construction market is segmented into Concrete, Plastic, Metal, Hybrid, and Others. By end-use, the global 3d printing construction market is segmented into Building (Residential, Commercial, Industrial), and Infrastructure.
The regions covered in the global 3D printing construction market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global 3d printing construction is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global 3D printing construction market report cover prominent players like
Orascom Construction and COBOD International Partnered to Launch a 3D Printing Construction technology in Egypt
On November 6th, 2022; Orascom Construction has signed an official cooperation with COBOD International of Denmark to introduce the newest 3D Printing Construction innovation to Egypt for the first time. The collaboration, which is 76% controlled by Orascom Construction and 24% controlled by COBOD, will play a key role in the technical progress of Egypt's construction industry.
lack Buffalo 3D has Launched its NEXCON Printers and Proprietary 3D Concrete Ink Mix
On October 12th, 2022; Black Buffalo 3D reported that its NEXCON printers and patented 3D concrete ink mix, which are offered in North America by its affiliate MAPEI Corporation as Planitop 3D, have been authorized by the ICC Evaluation Services for 3D printed standing, nonbearing, and shear structures up to 40ft in height.
CEMEX Announced that its Corporate Venture Capital and open Advance unit CEMEX Ventures
On July 26th, 2022; CEMEX Ventures, a corporate venture capital and innovation processes subsidiary of the Mexican multinational building materials firm CEMEX, announced an investment in COBOD, a worldwide pioneer in construction-grade 3D printers. CEMEX as well as COBOD have been collaborating on 3D printing innovation over the last year. This collaboration has created a 3D printing method that uses traditional ready-mix cement in the construction process.
Increasing Construction Spending Worldwide, and Increasing Innovation In 3D Construction are Some of the Major Factors Driving the Market Growth
Compared to conventional building procedures, 3D printing takes less time and is more cost-effective and durable, which is why it is widely employed in the construction business. Commercial buildings account for a significant component of the physical landscape in the development industry since they serve as platforms for the establishment of industries. As a result, major industrialized nations' commercial building investment has surged dramatically. Based on the Office of National Statistics, the UK's expenditure on infrastructure as well as other commercial projects grew to US$651.4 million in February 2022. Moreover, based on the US Census Bureau, healthcare infrastructure expenditure in November 2021 was $51.3 million, a 9% rise from the same month in 2020. Established economies including the United States and the United Kingdom are among the top consumers of 3D printing in building applications, and rising commercial architecture spending will increase the usage of 3D printing in these nations' construction sectors. This will lead to an increase in the use of 3D printing in the architecture industry.
The construction business is one of the primary industries that employs a large number of people globally and helps the economic growth of countries. As a result, substantial investments and expenditures may be committed to the growth of the construction sector. According to the MDPI's 'Sustainability - Report' issued in October 2020, overall construction investment in 2018 was USD 11.4 trillion. It may reach USD 14 trillion by 2025. As a result, large expenditures and fundings made by enterprises and government agencies promote the development of the worldwide 3D construction printer industry.
Asia-Pacific accounts for the majority of the worldwide 3D printing infrastructure industry. Asia-Pacific dominates the worldwide 3D printing infrastructure sector. As the area develops themselves as a worldwide manufacturing center, 3D Printing innovation is projected to acquire substantial momentum throughout the projection period. The existence of several industrial sectors helps the overall economic development of the area.
The thriving building industry in such nations will drive regional demand for 3D printing. For example, China's National Development and Reform Commission authorized 26 infrastructure improvements in 2019 that are expected to be finished by 2023. Additionally, according to Japan's Ministry of Land Infrastructure, Transport, and Tourism, building contracts for new residences surged by 32.3% in June 2021, relative to a 13.4% reduction in the same period in 2020. This expansion in the construction sector of APAC nations like China, Japan, and others is expected to increase demand for printing technology in the area, boosting market development.
Due to the high market for 3D printing innovation, Europe is also making a big addition to the 3D building printers industry. Because the bulk of 3D printing technology providers is based in Europe, the area has considerable potential for the 3D building printer industry. The United Kingdom, as well as Germany, are the nations with the highest adoption rates of 3D building printers. As a result, Europe is projected to enhance industry development in the next years.
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Report Analysis | Details |
---|---|
Historical data | 2018 - 2021 |
Forecast Period | 2021 - 2028 |
Market Size in 2021: | USD 36.74 Billion |
Base year considered | 2021 |
Forecast Period CAGR %: | 78.1% |
Market Size Expected in 2028: | USD 2088.97 Billion |
Tables, Charts & Figures: | 175 |
Pages | 300 |
Key Players/Companies | Aeditive, AICT, Apis Cor, Apiscor, Armatron Systems, BeMore3D, Black Buffalo, Branch Technology, Building Machines, ChangeMaker, COBOD International A/S, Constructions-3D, Contour Crafting Corp, CyBe Construction, ICON Technology, Mobbot, MX3D, Sika AG, WASP S.r.I, and others. |
Segments Covered | By Process, By Component , By Device, By Application, By End-User. |
Regional Analysis | North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa |
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