Global 3D Concrete Printing Market will expand and reach mark of USD 69.9 million by 2023

Market Highlights:

3D concrete printing is an advanced and innovative method used in construction to design building components with the help of 3D concrete printers. The printing of buildings has a lot of advantages when compared to traditional construction methods. Supportive government regulations and policies are the major factor driving the growth of the market. Governments across all regions are seen promoting and developing their construction & infrastructure sector. The emerging nations are particularly bringing various reforms and regulations to boost their infrastructure growth and real-estate market. Reduced construction wastage is another factor fuelling the growth of the market. However, lack of awareness of 3d concrete printing technology and mobility are the factors that may hamper the growth of the market. For construction, people generally use traditional buildings methods rather than using the new technology, mainly due to the lack of awareness regarding trending technologies. 3D concrete printing process saves up to 50% to 60% of construction waste, and reduces production time by 50% to 70%. Hence, it is required that the consumers are properly educated on the benefits of indicators, so that they may reach the market.

Hence, 3D concrete printing market is expected to reach a market size of USD 69.9 million by the end of the forecast period at CAGR of 14.05%.

Market Research Analysis:

On the basis of concrete type, the market is segmented into ready mix concrete, precast concrete, shotcrete and high density concrete. Boring type segment dominated the 3D concrete printing market. Ready Mix Concrete accounted for the largest market share of 36.26% in 2016, with a market value of USD 10.2 million. It is used extensively as construction can be sped up, cement consumption can be reduced, along with versatility in uses. Precast Concrete was the second-largest market in 2016, valued at USD 9.0 million in 2016. Precast concrete construction provides faster and efficient construction process with its own characteristics which influence construction to a great extent. The segment is expected to grow at 13.49% CAGR during the

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Key Players:

The prominent players in the 3D concrete printing include Dus Architects (The Netherlands), Winsun Global (China), Skanska AB (Sweden), Cybe Construction (The Netherlands), Foster + Partners (London), Sika AG (Switzerland), HeidelbergCement AG (Germany), LafargeHolcim Ltd (Switzerland), Balfour Beatty (U.S.), and Apis Cor (Russian Federation).

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This release was published on openPR.