3D Printing Construction Market Hits at a CAGR of 87.3% by 2031

Surge in use of 3D printers in the construction industry for making precise final products and developing prototype while lowering the production and materials cost and increase in adoption of green buildings and structure drive the growth of the global 3D printing building construction market.

Moreover, increase in government investments in expansion of construction sector would open new opportunities for the market players in the future.
The 3D printing construction market size was valued at $1.4 billion in 2021, and is estimated to reach $750.8 billion by 2031, growing at a CAGR of 87.3% from 2022 to 2031.

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Construction 3D printing is a process for printing concrete, polymer, metal, or other materials layer by layer using a 3D printer to create construction pieces or full buildings. The most prevalent form of printer is one that uses a robotic arm to extrude concrete back and forth. Furthermore, 3-dimension printers are totally automated, removing the possibility of human mistake. In addition, the rise in government investments in the approaching construction sector expansion is expected to boost the 3D printing construction industry during the forecast period.

North-America accounted for the largest share of the global market and dominated the global 3D printing construction market in terms of revenue in 2021 owing to expansion of residential and commercial sectors. However, Asia Pacific is expected to register highest CAGR during the forecast period. This is due to increase in R&D investments in developing countries and rise in government investments day-by-day in construction of buildings and infrastructures.

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The report segments the global 3D printing construction market on the basis of construction method, material type, end user, and region.
Based on material type, the concrete segment held the largest share in 2021, accounting for nearly three-fifths of the market. However, the metal segment is expected to manifest the highest CAGR of 91.4% from 2022 to 2031.

On the basis of end user, the building segment dominated the market in terms of revenue in 2021, contributing to around two-thirds of the market. However, the infrastructure segment is expected to register the highest CAGR of 88.1% during the forecast period.

The global 3D printing construction market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2021, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is expected to register the highest CAGR of 91.7% during the forecast period.

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Top Players:
WASP Designs, ICON Technology Inc., XtreeE, CyBe Construction, Apis Cor, Skanska AB, COBOD international, Winsun, MX3D, Constructions-3D, Aeditive, Contour Crafting, Aectual, Branch technology, Peri group, Mighty Buildings, Sika AG

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This release was published on openPR.