3D Concrete Printing Market size is expected to reach $40,652.4 million by 2027, registering a CAGR of 106.5% from 2020 to 2027

According to a recent report published by Report Ocean, titled, “3D Concrete Printing Market by Printing Type, Technique and End-use Sector: Opportunity Analysis and Industry Forecast, 2020–2027,” the global 3D concrete printing market size accounted for $310.9 million in 2019, and is expected to reach $40,652.4 million by 2027, registering a CAGR of 106.5% from 2020 to 2027. In 2019, North America dominated the global 3D concrete printing market, accounting for around 42.1% share of the global 3D concrete printing industry, followed by Europe.

GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1139

3D concrete printing refers to construction of building structures and other aesthetic structures in various sizes and shapes by using automated printer. The printers are operated through feeding the program in the software. This software will operate the printer to travel in the desired path that is been programmed into it. The dispensing of concrete through the nozzle is also controlled by the software. Extrusion-based 3D printing uses a screw device or pneumatic actuator to feed material through a cartridge and into a needle or nozzle for layer by layer deposition. Conversely, powder-based 3D printing is the process carried out by depositing binding solution onto the ceramic powder bed through a print nozzle. This leads to bonding of these surface areas together to form the pre designed solid part laying one layer at a time. Upon drying the concrete, the product is extracted from the bed and excess powder is eliminated by air jet sprays. Ready-mix, high-density, precast, and shotcrete are the material types that are commonly used for 3D printing. However, these material types are produced with various grades of materials depending on their application.

High cost of skilled labor increases the overall cost of the project. Moreover, complicated designs incur extra cost as well as consume excess time, if built manually. Despite of this, one cannot guarantee flawless and desired output due to manual errors. With the use of 3D printers, exact output and minimum wastage of construction material could be achieved. Moreover, mass production of irregular or customized shapes and sizes can be affordable and time saving.

However, high capital cost of the printers and their operating systems act as major the restraint of the market. Moreover, the outbreak of COVID-19 pandemic has negatively impacted the market. To prevent the spread of the virus, governments across various countries have implemented lockdown. Thus, construction and production activities were partially or completely closed due to the lockdown. This affected the 3D concrete printing industry as well as led to the disruption of the supply chain. However, reopening of production facilities gradually is anticipated to re-initiate the production of concrete and 3D printer companies at their full-scale capacities.

The report analyzes the global 3D concrete printing market on the basis of printing type, technique, end-use sector, and region. The printing types covered in this report are gantry system and robotic arm. The techniques taken into consideration in the study include extrusion-based and powder-based. The end-use sector segment is segregated into residential, commercial and infrastructure.

Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Denmark, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Findings Of The Study

By printing type, the gantry system segment was the highest revenue contributor in 2019.
By technique, the extrusion-based segment generated the highest revenue in 2019.
By end-use sector, the residential segment led the market in 2019.
Region wise, North America garnered the largest market share in 2019.
The major players profiled in the 3D concrete printing market include Apis Cor, Cobod International A/S, CyBe Construction, D-shape, Heidelbergcement AG (Italcementi SpA), LafargeHolcim, Sika AG, Skanska, Yingchuang Building Technique (Shanghai) Co., Ltd. (Winsun), and XtreeE.

READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1139

Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/

We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.

This release was published on openPR.