$1,617.5 Billion Market Value for 3D Printing Construction Forecasted by 2030


Posted September 9, 2024 by Deeya5220

Explore $1617.5 billion 3D Printing Construction Market: Get exclusive insights on key market trends, segments, geographical analysis, & competitive analysis
 
The global market research firm Meticulous Research® recently published a report titled "3D PRINTING CONSTRUCTION MARKET by Construction Method, Material Type, Application, and Geography—Global Forecasts to 2030."

According to the report, the 3D printing construction market is expected to grow at a remarkable CAGR of 207.1%, reaching $1,617.5 billion by 2030. Several factors are driving this growth, such as the increasing demand for low-waste construction, safety improvements, greater design flexibility, and a labor shortage in the construction sector.

The market is analyzed based on construction methods, material types, and applications. It also covers the competitive landscape and regional market dynamics.

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By construction method, the market is segmented into extrusion and powder bonding. In 2024, extrusion is forecasted to dominate, owing to its use in various environments and its role in modeling and production. Extrusion is a versatile technique where materials are layered to create objects, and its ease of modification, high-volume production, and flexibility contribute to its popularity. However, powder bonding is projected to grow at the highest CAGR during the forecast period.

When categorized by material type, the market includes concrete, metal, composite, and others. Concrete is expected to account for the largest share by 2024 due to its efficiency in reducing construction costs and time. 3D-printed concrete formworks also enable the creation of intricate structures at a lower cost. Meanwhile, the metal segment is anticipated to grow at the fastest rate during the forecast period.

Applications of 3D printing in construction are divided into buildings and infrastructure. By 2024, the buildings sector is predicted to hold the largest share, as the need for affordable housing rises. The cost-effective nature of 3D printing in constructing durable homes makes it an attractive option for developers worldwide.

Geographically, the market is divided into regions such as North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The Asia-Pacific region is expected to dominate the market by 2024, driven by rapid urbanization and increased infrastructure investments. China and Japan are key players, with 3D printing technology poised for significant growth in these markets.

WinSun, a leading 3D printing construction company in China, has gained recognition for using advanced 3D printers to create structures from a mix of cement, sand, and fibers combined with proprietary materials.

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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Categories Technology
Tags 3d printing 3d printers 3d printing construction market metal3d printing construction powder bonding 3d printing construction 3d printing building con
Last Updated September 9, 2024