3D Concrete Printing Market 2018 Global Segments, Industry Growth, Top Key Players, Size and Recent Trends by Forecast to 2022
3D Concrete Printing Market is expected to reach a market size of USD 69.9 million by the end of 2023, 3D Concrete Printing Market estimated to grow at CAGR of 14.05% from 2017 to 2023
Pune, India – January 4, 2019 /MarketersMedia/ —
Market Synopsis:
Market Research Future (MRFR) has published a report stating that the global 3D concrete printing market is marked to expand remarkably at a CAGR of 14.05% and reach the market valuation of USD 69.9 Mn by the end of 2023. Rapid infrastructural development and adoption of technologically advanced solutions in the construction industry of various developed and developing regions are majorly propelling the growth of the global 3D concrete printing market. Inco0rporation of 3D technology with construction robots and utilization of advanced construction equipment such as sensors and construction lasers are also fueling the growth of the global 3D concrete printing market. However, low penetration of advanced technology and poor economic conditions in the underdeveloped regions are acting as restraining factors on the expansion of the global 3D concrete printing market.
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Market Segmentation:
The global 3D concrete printing market has been segmented on the basis of concrete type, application and end-use. Based on concrete type, the 3D concrete printing market has been segmented into ready mix concrete, precast concrete, shotcrete and high-density concrete. The ready mix concrete segment dominated the global 3D concrete printing market with the largest market share of 36.26% and market valuation of USD 10.2 Mn in the year 2016. The precast concrete commanded for the second largest share of 13.49% with the market valuation of USD 9.0 Mn in the year 2016.
Based on application, the 3D concrete printing market has been segmented into residential, industrial, agricultural and others. The residential segment commanded for the major share of 37.29% in the year 2016 in the global 3D concrete printing market. Based on end-use, the 3D concrete printing market has been segmented into walls, roofs, floor, staircase and others. The walls segment commanded for the largest share on 32.60% in the global 3D concrete printing market during the year 2016. The roof segment commanded for the second largest share with the market valuation of USD 8.3 Mn in the global 3D concrete market in the year 2016 and is anticipated to expand at a CAGR of 13.90% during the assessment period.
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Regional Analysis:
Geographically, the global 3D concrete printing market has been segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world. The North America region commanded for the major market share of 35.63% in the year 2016, with the market valuation of USD 10 Mn. The 3D concrete printing market in the North America region is marked to expand at a robust CAGR of 14.20% during the assessment period owing to the rapid technological advancement, increased incorporation of 3D printing technology in the construction sector and growing demand for green buildings in this region. The Asia Pacific region is forecasted to project fastest growth at a CAGR of 14.51% in the global 3D concrete printing market owing to the increased adoption of technologically advanced solutions to optimize the construction process and rapid infrastructural development as a result of urbanization, industrialization and rapid rise in population in this region. The Europe region commanded for the second largest share of 29.4% in the year 2016 and is forecasted to expand significantly at a CAGR of 14.51% in the global 3D concrete printing market. Rising urbanized population and increased disposable income are aiding the growth of the 3D concrete printing market in this region.
Key Players:
The prominent players profiled by MRFR that are operating in the global 3D concrete printing market are 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 (the U.S.), and Apis Cor (Russian Federation). The players in the global 3D concrete printing market are focusing on business expansion through increased research and development expenditure and strategic mergers and acquisitions in the global 3D concrete printing market.
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