3D Concrete Printing Market Analysis and Insights by 2023 showing 14% CAGR and Market of Size USD 69.9 million | Forecast MRFR

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%.

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The market has been segmented based on concrete type, application and end-use. On the basis of concrete type, the market is segmented into ready mix concrete, precast concrete, shotcrete and high density concrete. 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; it is projected to grow at a CAGR of 13.49%. On the basis of application, residential segment accounted for the largest market share of 37.29% in 2016. Also, it is the highest growing application segment in the market due to the increasing population and urbanization. There is seen a shift in the population in the urbanized areas, especially in developing nations. This transition leads to the increasing demand for homes and residential complexes. This induces the market for 3D concrete printing in coming time. The segment is expected to grow at 15.35% CAGR during the forecast period. Industrial was the second-largest market in 2016, valued at USD 8.7 million in 2016; it is projected to grow at a CAGR of 13.43%.

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

CyBe Construction is a Dutch company, has finished 3D printing the “R&Drone Laboratory,” a drone research laboratory in Dubai. The building is the first laboratory in the world to be 3D printed on site. The lab will conduct research on drones and 3D printing technologies, and will be based at the Solar Park as a part of its Research and Development (R&D) Centre.
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%.
The report for Global 3D Concrete Printing Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Browse report @ https://www.marketresearchfuture.com/reports/3d-concrete-printing-market-1992

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