The report “3D Concrete Printing Market by Offering (Printing Services, Materials), Technique (Extrusion-based, Powder-based), End-use sector (Building, Infrastructure) and Region (Americas, Asia Pacific, Europe, Middle East) – Global Forecast to 2023″, The 3D concrete printing market is estimated to grow from USD 1.2 million in 2018 to USD 1,480.5 million by 2023, at a CAGR of 317.3%. The market is projected to witness exponential growth in the next few years due to the rise in demand for complex structures at affordable rates, rapid urbanization, and rise in demand for new construction projects across regions. The potential of 3D concrete printing technology in terms of mass customization and enhanced architectural flexibility, and its sustainable nature are some of the key factors that are expected to propel the growth of the 3D concrete printing market.
Browse 79 market data Tables and 27 Figures spread through 121 Pages and in-depth TOC on“3D Concrete Printing Market”
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The 3D concrete printing market is dominated by major players such as Yingchuang Building Technique – Winsun (China), CyBe Construction (Netherlands), Apis Cor (Russia), XtreeE (France), and Monolite UK (UK). Their 3D concrete printing capabilities, geographical presence, and adoption of growth strategies contribute toward the leading position of these market players. These players have adopted various strategies to expand their global presence and increase their market share. New projects, agreements, partnerships, joint ventures, and expansions are some of the major strategies adopted by the market players to achieve growth in the 3D concrete printing market.
The duration 2014–2018 witnessed several new 3D concrete printed projects in the 3D concrete printing market by key players to strengthen their market presence and create awareness about this dynamic construction technology. Agreements were the second-most adopted key strategies by market players to expand their geographical reach and strengthen their 3D concrete printing abilities.
Winsun is a market leader in the 3D concrete printing market. Its expertise in 3D concrete printing technology, specialization in R&D, and constant efforts for the production of new building materials have ensured its leading position in the market. Its strong presence in China and the Middle East and the adoption of growth strategies such as new projects, agreements, and joint ventures enhance its market presence. In March 2017, the company signed an agreement with Al Mobty Contracting (Saudi Arabia) worth USD 1.5 billion for leasing 100 3D printers to develop 30 million square meters of construction projects in Saudi Arabia. This strategic initiative is expected to enhance Winsun’s presence in the Middle East. The agreements with AECOM (US) and Hyperloop Transportation Technologies (US) have further strengthened its market presence and 3D concrete printed projects portfolio.
CyBe Construction is a Dutch company that offers integrated solutions to enable 3D concrete printing accessible to construction industry clients. Its offerings include 3D concrete printers, software, mortar, and 3D printing services. Its operations at a global scale, creative solutions, and focus on the development of new 3D concrete printed projects have enabled the company to occupy a significant position in the 3D concrete printing market. Some of its commercialized 3D concrete printed projects include a 100 square meter villa in Italy and R&D Drone laboratory of 168 square meters in Dubai. The latter project was executed in order of DEWA (Dubai Electricity and Water Authority).
The extrusion-based technique is projected to grow at the highest CAGR during the forecast period.
The extrusion-based segment is the most widely employed technique in the construction industry. Its capability to produce large-scale building components with complex geometries, cost-effectiveness in comparison to powder-based technique, ease of use, and usage of conventional construction materials such as geopolymer, concrete, cement, plaster, and clay, contribute toward its fastest growth in the 3D concrete printing market. This technique includes various concrete printing technologies such as Contour Crafting, CONPrint3D, Concrete Printing, and Large-Scale 3DCP using Ultra-High Performance Concrete (UHPC). Some of the finest examples of extrusion-based 3D concrete printed structures include Winsun’s 10 basic houses in China of 200 square meters each, Winsun’s 5-story apartment building of 1,100 square meters, Huashang Tengda (China) 400-square-meter two-story villa on-site, and Apis Cor’s 38-square-meter ‘on-site’ house in Russia.
The building sector is estimated to dominate the market, in terms of value, through 2023.
The building sector dominated the market in 2017 and this trend is projected to continue through 2023, as a result of the rise in demand for affordable homes and growing trend toward the development of complex building structures. The demand for new construction projects has increased steadily in the recent past and is expected to further increase in the coming years, owing to the rapid urbanization and the rising population. These factors are expected to fuel the demand for 3D concrete printing in the building sector.
The Middle Eastern market for 3D concrete printing is projected to grow at the highest CAGR from 2018 to 2023.
The Middle East is projected to be the fastest-growing market for 3D concrete printing during the forecast period. The growth in the region can be attributed to the supportive government initiatives such as “Dubai 3D Printing Strategy” and the demand for affordable houses within the region. The UAE is projected to grow at the highest CAGR in the Middle Eastern 3D concrete printing market during the forecast period. The Asia Pacific market is projected to grow at the second-highest CAGR between 2018 and 2023.
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