3D Printing Construction Market to Exhibit 70% CAGR during the Forecast Period | Prominent Players: Contour Crafting, Mx3D, Icon, Yingchuang Building Technique

The global 3D printing construction market size was valued at USD 4.5 million in 2019 and is anticipated to grow at a CAGR of more than 70% during the forecast period.
The industry is being propelled forward by the growing use of 3D printing in infrastructure and construction. In the construction industry, 3D printing is increasingly being used to create very complex structures using computer-programmed software. It provides exceptional construction speed, increased precision, and lower labor costs. Market players and policymakers are increasingly turning to 3D printing for construction due to growing environmental concerns. Since it employs environmentally friendly building materials, this technology is supposed to minimize waste. The system works well in hazardous and harsh conditions, and it can help to reduce occupational injuries.

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In the building industry, 3D printing means a significant reduction in production time. That's because the machines are extremely fast, with some of them capable of producing a 600 to 800-square-foot (55 to 75-square-meter) home in as little as 24 hours. 3D printers are also fully automated, removing the possibility of human error. The computer just needs to be controlled, but the majority of the manufacturing process is automated. Furthermore, 3D printers do not need any external tooling. They have the structure programmed and simply construct it; there is no need for external support, various materials, or other considerations that conventional approaches necessitate.

The key benefit of 3D printing in the building industry is that it saves a lot of money on material waste. This is because a 3D printer, such as one used in robotic arms, only uses the exact amount of material required.

Growth Drivers that Support the Global 3D Printing Construction Market:

• In 2019, concrete led the industry and accounted for a large portion of global sales. Over the forecasted period, the segment is expected to continue to expand and lead the market in terms of revenue. 3D printed concrete is used to build extremely complex structures that would be difficult to create using conventional concrete formwork.

• The CAGR for the building segment is expected to register high growth rate in end-use segment. Due to the rising demand for high performance and the ease of constructing complex designs, 3D printing is finding increasing use in the construction industry. In the construction industry, 3D printing is used in a variety of applications. This technology aids in the creation of lightweight components such as walls and panels that retain structural integrity while lowering handling and transportation costs.

• The growth of 3D printing construction in the North American area is also being fueled by an increase in the number of research centers and an increase in the number of infrastructure development projects in key countries such as Germany and France.

• Increasing infrastructure development, increased consumer purchasing power, and an increase in the number of construction projects in countries such as Canada and Mexico are expected to boost market growth in the global 3D printing construction market during the forecast period in North America.

• Furthermore, during the forecast period, Asia Pacific is expected to have the highest growth rate in the global 3D printing construction industry.

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Recent Developments in the Global 3D Printing Construction Market:

• Apis Cor completed the world's largest 3D-printed building completes in Dubai in December 2019. The company built a 9.5-meter-high structure with a 640-square-meter floor space.

• In March 2018, XtreeE and Seaboost (Egis Group) combined their expertise in large-scale 3D printing and marine biology to create one of the most groundbreaking artificial reefs ever built. To restore missing ecological functions, a 3D printed artificial reef was built in the Calanques National Park (France).

Major companies functioning in the global 3D Printing Construction Market are Mx3D, Contour Crafting, Icon, Xtreee, Yingchuang Building Technique, Apis Cor, Csp S.R.L, Monolite UK, Cybe Construction, and Sika.

Market Segmentation:

By Material Type
• Concrete
• Metal
• Composite

By Construction Method
• Extrusion
• Powder Bonding

By End-Use Sector
• Building
• Infrastructure

By Region:

North America
o By Country (US, Canada, Mexico)
o By Material Type
o By Construction Method
o By End-Use Sector

Europe
o By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
o By Material Type
o By Construction Method
o By End-Use Sector

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Material Type
o By Construction Method
o By End-Use Sector

Middle East & Africa
o By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
o By Material Type
o By Construction Method
o By End-Use Sector

South America
o By Country (Brazil, Argentina, Colombia, Rest of South America)
o By Material Type
o By Construction Method
o By End-Use Sector

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This release was published on openPR.