Press release
3D Printing Building Construction Market Insights, Demand, Analysis, Share, Forecast 2024-2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through 3D Printing Building Construction Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The 3d printing building construction market size has grown exponentially in recent years. It will grow from $0.11 billion in 2023 to $0.33 billion in 2024 at a compound annual growth rate (CAGR) of 201.7%. The growth in the historic period can be attributed to technological advances, rising investments in renewable energy infrastructure, 3d printing construction is more efficient than conventional construction, reduction in manufacturing expenditure, development of 3d printing technology and the exponential rise in urbanization.
The 3d printing building construction market size is expected to see exponential growth in the next few years. It will grow to $7.7 billion in 2028 at a compound annual growth rate (CAGR) of 119.7%. The growth in the forecast period can be attributed to increase in new construction projects globally, green construction methods and rise in disposable income. Major trends in the forecast period include using robotic arm extruders to improve productivity, investing in 3d prefabrication buildings and modularization techniques to enhance construction efficiencies and adopting green construction techniques to develop environmentally-friendly buildings, using strategic partnerships and collaborations to strengthen position.
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Market Segmentation:
The 3d printing building construction market covered in this report is segmented -
1) By Construction Type: Modular, Full Building
2) By Process: Extrusion, Powder Bonding, Other Processes
3) By Material Type: Hybrid, Plastic, Metal, Other Material
4) By End-User: Residential Buildings, Institutional Buildings And Commercial Buildings
Major Driver - The Economic Advantages Of 3D Printing In Building Construction
The capability to build complex structures within a stipulated time for a reasonable cost is a major factor driving the demand for 3D printing in the building construction market. 3D printing building construction is cost-effective, saves time, provides more precision, is safe, cuts labor costs, is environmentally friendly, and easily helps build complex building structures. 3D printing in construction is economical in terms of material usage when compared with the traditional manufacturing process. Moreover, 3D printing reduces labor costs by 50%-80%, production time by 50%-75%, and construction waste by 30%-60%. Therefore, the economic benefits offered by 3D printing construction are expected to significantly boost the market's growth.
Competitive Landscape:
Major companies operating in the 3d printing building construction market report are ICON Technology, Inc., Mighty Buildings, Inc., Branch Technology, Contour Crafting Corporation, Apis Cor, PERI Group, XtreeE, Mx3D, CyBe Construction B.V., Sanska Group, Yingchuang Building Technique (China), Sika AG, Skanska, LafargeHolcim and Dus Architects, Winsun, Zhuoda Group, Novabeans, Tata Project, Punj Lioyd, Larsen & Toubro and UltraTech Cement, Tvasta Manufacturing Solutions, Ozaz Global, Yingchuang New Materials, Reliance Infrastructure Limited, Komatsu Ltd, Sekisui House, Daiwa House Industries, Mitsui & Co Ltd, Panasonic Homes, Muscle Corporation, Hankyu Hanshin Holdings Inc, Obayashi Corporation, Shimizu Corporation, Takenaka Corporation, Kajima Corporation, Ying Chuang Construction Technology (WinSun), Shanghai Construction Group Co. Ltd., China MCC17, China Construction Eighth Engineering Div, Shanghai Yannuo Building Materials, China Minsheng Drawin Technology Investment, Dou Shupeng, Kejia Construction, Caterpillar Inc., Acciona, WASP, BatiPrint, Be More 3D, Constructions 3D, CSP s.r.l, COBOD, LifeTec Construction Group Inc., SQ4D, 3DCriar, ConstructoraConconcreto, Arup, Aedive (Peru), Materialise Oderbrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, MRV Engenharia, SalfaCorp, Mourik General Contractors, Gilbane Building Company, McCrory Construction Company, BESIX 3D, Concreative LLC, ACCIONA S.A., Immensa Technology Labs, Emaar Properties, DuBox, EQUATE, Xtreme Africa
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Top Trend - Ai-Powered Flexibility In 3D Printing In Building Construction
Increasing flexibility in 3D printing operations using artificial intelligence technology (AI) is a major trend shaping the growth of the 3D printing building construction market. In October 2022, Luyten 3D, an Australia-based building and construction company providing 3D printing launched Platypus X12 concrete printer, an AI-powered mobile concrete 3D printer for application in the building and construction industry. It is one of the world's largest printers and flexible to transform in size of 12 x 6 mobile crane in 20 minutes, which helps in expanding its capability to print large-scale structures. It has the capabilities of integrating acoustic and optical-based artificial intelligence for data-driven concrete printing. Moreover, the printer has an anti-clogging head that is patented.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 3D Printing Building Construction Market Characteristics
3. 3D Printing Building Construction Market Trends And Strategies
4. 3D Printing Building Construction Market - Macro Economic Scenario
5. 3D Printing Building Construction Market Size And Growth
…..
27. 3D Printing Building Construction Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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