PUBLISHER: Meticulous Research | PRODUCT CODE: 1518432
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518432
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 2031.
The research 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 2031, provides an in-depth analysis of the 3D printing construction market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031. The 3D printing construction is projected to reach $1,920.6 billion by 2031, at a CAGR of 154.9% from 2024 to 2031.
The growth of this market is driven by increasing emphasis on low-waste construction methods, rising adoption of sustainable building projects, and labor shortages in construction and the benefits offered by 3D printing technology, including reduced health & safety risks, enhanced precision, and extensive design flexibility. However, the high initial costs restrain the market's growth.
Furthermore, growing urbanization in emerging economies and increasing research & development investments in 3D printing technology are anticipated to create market growth opportunities. However, The extended duration required for printing materials is a significant challenge impacting the market's growth.
The 3D printing construction market is segmented by construction method (extrusion, powder bonding), material type (concrete, metal, composite, and others), and application (building (industrial, commercial & public, residential), and infrastructure). The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on construction method, the 3D printing construction market is segmented into extrusion and powder bonding. In 2024, the extrusion segment is expected to account for the larger share of the global 3D printing construction market. Extrusion is the most common 3D printing technique, as it can be used in almost all environments. It is used for modeling, prototyping, and production applications. This method creates an object by layering material through one or more nozzles mounted on a robotic arm, gantry system, or crane. This segment's large market share can be attributed to the benefits offered by the extrusion method, including operational flexibility, ease of post-execution alterations, continuous operation capability, and high production volumes.
However, the powder bonding segment is projected to register the highest CAGR during the forecast period. The increasing use of powder bonding 3D-printing technology in the construction industry for constructing complex frameworks is driving the segment's growth. In addition, this method is less labor-intensive and time-consuming than traditional methods used for making formworks.
Based on material type, the 3D printing construction market is segmented into concrete, metal, composite, and others. In 2024, the concrete segment is expected to account for the largest share of the global 3D printing construction market. 3D concrete printing is increasingly replacing conventional concrete construction methods due to its ability to reduce costs, labor, and construction time while enhancing overall productivity. Using 3D-printed concrete formworks allows for the creation of double-curved surfaces and organic geometries at significantly lower costs. These advantages have spurred construction companies to prioritize the development of 3D-printed concrete formwork.
However, the metal segment is expected to record the highest growth rate throughout the forecast period. Metal 3D printing offers opportunities to create internal stiffening, non-prismatic sections, openings, and functionally graded elements, among others, through controlled heating and cooling. Metal 3D printing in construction is mainly used for designing facade nodes and other connections. It is also being used for constructing bridges. The growing use of stainless steel in 3D printing construction is expected to drive the growth of this segment.
Based on application, the 3D printing construction market is segmented into buildings and infrastructure. In 2024, the buildings segment is expected to account for the larger share of the global 3D printing construction market. The growing need for new homes can be met using 3D printing technology, as this technology can create high-quality homes in a fraction of the cost and time required for traditional construction. Therefore, various construction companies are forming partnerships with 3D printer providers to construct homes using 3D printing technology.
However, the infrastructure segment is projected to register the highest CAGR throughout the forecast period. The increasing use of 3D printing technology to construct infrastructures, such as bridges, using materials like metals, plastic, and composite is driving the segment's growth. In addition, rising initiatives undertaken by key global companies to build 3D-printed bridges are expected to drive the segment's growth. For instance, in April 2021, Weber Beamix (Netherlands) started constructing a 3D-printed concrete bridge for pedestrians in the Netherlands.
Based on geography, the 3D printing construction market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the 3D printing construction market. Asia-Pacific's significant market share can be attributed to the increasing number of new buildings and substantial investments in infrastructure projects across the region. Countries like China and Japan, known for their robust economies and advancements in technology, are particularly promising markets for both emerging and mature technologies, including 3D printing construction. For instance, WinSun, one of the leading players in the 3D printing construction market in China, uses a 3D printer measuring 10 meters wide and 6.6 meters high and a special material made of cement, sand, and fiber mixed with a proprietary additive.
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.
3D Printing Construction Market Assessment-by Construction Method
3D Printing Construction Market Assessment-by Material Type
3D Printing Construction Market Assessment-by Application
3D Printing Construction Market Assessment-by Geography
2030 (USD Million)
Million)
2030 (USD Million)
Million)